In 2016, the number of single family home sales in the South Haven zip code 49090 increased 17 percent when compared to 2015 (226 vs. 193). There was just one more single family house sold in December 2016 versus December 2015 (16 vs. 15). The average selling price for single family houses in 2016 rose 7 percent to $280,371 from $261,775 in 2015.
The median selling price for single family houses in 2016 increased 2 percent over 2015 ($176,500 vs. $173,000).
In December, the average selling price for single family houses dropped 5 percent when compared to December 2015 ($250,238 vs. $261,993). The median selling price in December 2016 rose 25 percent to $216,250 from $173,000 in December 2015.
Read more: December 2016, South Haven Housing Market
In November, the housing market activity continued to break records in monthly and year-to-date numbers and prices. When comparing numbers on a monthly and year-to-date basis, we have looked back to 2006 as our peak year. In 2008 through 2010, we saw numbers and prices decline. From 2011 until now the market has slowly rebuilt itself. If the market continues to surge through December, we may need to realign our trend watch to set 2016 as the new peak year,” stated Philip Amodeo, Association Executive, of the Southwestern Michigan Association of REALTORS®, Inc.
Read more: November 2016, SWMI Housing Market - Continues Record Breaking Sales