Charlevoix Real Estate and Homes - 2006 Sales Summary

Charlevoix residential real estate sales volume declined significantly in 2006 from 2005. Unit sales of homes and condominiums in the Charlevoix School District decreased 17.5%, from 166 units in 2005 to 137 units in 2006. Sales by dollar volume decreased to $40,002,030 in 2006, from $44,830,895 in 2005, a decrease of 10.8%.

The median Charlevoix home price dropped by 2.2%, from $180,000 to $176,000. Of those homes which sold, the average days on market decreased slightly to 225 days in 2006, from 228 days in 2005, while the average home price actually increased from $270,066 in 2005 to $291,986 in 2006.

Note: Based on information obtained from the Northern Michigan Multiple Listing Service for the period from January 1, 2005 - December 31, 2006.