December #'s for Southwest Lower Michigan

I just received the December numbers for Southwest Lower Michigan and I thought I would share them with you.

Total units sold for December were 166 which is down 24% from the 217 sold in 2007. Hartford, Lawrence, Bridgman and New Buffalo areas were up for the month a combined 29%. The areas with the biggest decreases were Coloma and Watervliet -55%, Dowagiac and Marcellus -45% and the Edwardsburg to Cassopolis areas which were -44%.

Average sales price for December 08 was $166,504 which is -13% from the $191,097 average price in December of 07. The Coloma and Watervliet average price increased 108% over last December from $108,068 to $224,300. The South Haven area also showed an incread of 29% from $135,996 to $175,981. The biggest decline in average sale was in the Edwardsburg to Cassopolis area which had an average price of $85,160 which -69% over last years average of $272,144. Another area with a sharp decrease was Benton Harbor which was -50% at $40,160 from $80,037 a year ago.

Total dollar volume for December was at $27,639,651 which is -33% from December 07 which was $41,468,054. The Hartford and South Haven areas were +9% and the only areas of Southwest Lower Michigan that were up in total sales dollars for the month over last year. The Edwardsburg to Cassopolis area was the hardest hit being -82% in sales dollars. In December of 07 that area was at $6,803,605 compared to $1,192,240 this year. Other significate decreases were in Benton Harbor (-62%), Niles (-55%), Dowagiac area (-49%) and Berrien Springs (-43%).