Is premium property on The Ausable River the strongest real estate market in the country? I haven't taken the opportunity to look as close at every national market, but based on the general statistics, I can definitely make the argument. In the history of The AuSable River, there have been 16 sales of $400,000 or more. 7 of those 16 properties have sold since February of 2007! In 2007 and 2008, Homewaters, L.L.C. had the pleasure of representing 6 properties of $400,000 or more and we sold every one of them except for one, which is currently listed for $1,395,000. In fact, we sold every residential property we had listed on The AuSable River's mainstream except for that one property and one that we have an accepted offer on right now.
Perhaps more impressive is the fact that we sold 4 of the 6 most expensive properties on the river to date during 2007 and 2008 including sales of $750,000, $640,000, $624,000 and $600,000. When other markets are tumbling, there is a strong demand for prime riverfront property. For those looking for a stable place to put their investment dollars, The Ausable and other prime Northern Michigan rivers should definitely be at the top of the list for consideration. Get in touch if you'd like more detailed informaition on market statistics for AuSable River Real Estate or any other segment of the market in Northern Michigan.
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