Contrast in lakeshore vacation home markets

The sunset over Lake Michigan as viewed from South Haven.

ALPENA, Mich. (AP) — The market for waterfront vacation homes along lower Michigan’s Great Lakes is a tale of two shorelines.

In the west, business is booming and prices are climbing for properties near Lake Michigan. In the east, bargains abound for buyers as properties along Lake Huron remain relatively affordable.

Dick Waskin of RE/MAX Saugatuck-Douglas tells the Detroit Free Press that prices in that section of Lake Michigan shoreline are “almost back” to the level before last decade’s housing crash and Great Recession.

Along Lake Huron, brokers say prices are rising only modestly from the crash and there’s a buyer shortage. Margie Haaxma of Banner Realty in Alpena says “it’s a steal” in the area.

Michigan’s west coast has long been more expensive than the east, and the difference has grown lately.

——

Information from: Detroit Free Press

WOOD TV8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s