Wednesday, February 28, 2007

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.

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Monday, February 26, 2007

Birchwood Approves $5 Million Clubhouse Renovation



The Birchwood Farms Property Owners Association recently approved a $5 Million dollar plan to renovate the Clubhouse at Birchwood Farms Golf & Country Club. The renovation, which was approved by an overwhelming majority of the members, will add 6,600 square feet of new space and significantly modify, redecorate and refurnish the existing Clubhouse. After the renovation, the Clubhouse will total 31,600 square feet.

Project architect Ken Evangelista is a widely respected specialist in country club planning and design. His 35 years of architectural experience includes projects at renowned golf courses such as Oakland Hills Country Club, Bloomfield Hills Country Club, and Orchard Lake Country Club.

The renovation plans include a new casual bar/grill, a new fitness center and exterior modifications to give the Clubhouse a “sophisticated Up North” look and feel. In addition to the Clubhouse renovation, two additional hydro grid clay tennis courts will be constructed in the spring of 2007, which will bring the Club total to six clay and four hard courts.

According to Bill Donohue, Publisher of "Club & Resort Business", “Birchwood is to be complimented on their willingness to maintain and build their club experience by investing in the future of this fabulous facility. The new improvements will make the clubhouse a destination and enhance the community. As a member for 26-years, I applaud the members for making a sound, gutsy decision that will only enhance the Birchwood experience for years to come.”

Birchwood Farms is a 1,600-acre year-round resort community with 27 holes of championship golf. It is surrounded by natural woodlands and unspoiled lake views. Birchwood members come from almost all of the 50 States, with many from Florida, Arizona, Texas, Ohio, Indiana, Illinois and other areas of Michigan. Touted as being one of “Michigan’s Best Kept Secrets”, Birchwood was established in 1972.

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Friday, February 23, 2007

Petoskey Real Estate and Homes - 2006 Sales Summary

Petoskey residential real estate sales volume actually increased in 2006 from 2005. Unit sales of homes and condominiums in the Petoskey School District increased to 282 units from 273 units, an improvement of approximately 3.3%. Sales by dollar volume increased to $98,806,750 in 2006 from $80,207,165 in 2005, an increase of 23.1%.

Despite the increase in sales activity, the median Petoskey home price dropped by 4.5%, from $197,090 to $188,500. Of those homes which sold, the average days on market increased to 200 days in 2006 from 190 days in 2005. The average price of a home increased significantly, from $293,799 in 2005 to $350,379 in 2006.

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

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