February 2009 Numbers for Southwest Lower Michigan

Hot off of the press, here are the numbers that my board office just released for the month of February for Southwest Lower Michigan.

Total units were -37% from 167 in 2008 to 105 in 2009. The Hartford/Lawrence area (+67%) and the Dowagiac/Cassopolis area (+22%) were the only areas that showed gains over last year. The Coloma/Watervliet area was the largest downturn at -77%. Other notible downturns were Bridgman/New Buffalo (-71%), Edwardsburg/Cassopolis (-62%), Berrien Springs/Eau Claire (-60%), and the markets of St.Joseph/Lakeshore and South Haven/Bangor/Covert were -47%.

Other numbers: Days on the market is -15% over last year, from an average of 142 in 2008 to 117 in 2009. Average sales price has dropped from $181,292 in 2008 to $125,126 in 2009 which is -31% from last year. Dollar volume has dropped from $30,275,711 in 2008 to $13,226,874 in 2009 which is -56% over last year.