Charlevoix Marina Project Moves Forward

The Charlevoix Marina reconstruction project is moving forward, with the marina portion of the project expected to be completed by Memorial Day weekend. The floating docks are not expected to have working water and electricity until fall, however. The East Park portion of the project, including the performance pavilion and the harbormaster building, will not be completed until this fall. The bandshell, and the old harbormaster and chamber of commerce buildings, have been razed.

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.