Property Value Trend:
Since 1999, the average sold price for vacant waterfront in Cheboygan County has seen a compound annual growth of 9%--not bad especially when considering two relatively slow years. See the chart below. As you can see there have been dips in the market, just like the one we are experiencing today. We believe that the pricing at Michakewa Shores reflects the value of the property and the conditions of the current market. We encourage you to review the comparables we have compiled and analyzed; we also encourage you to review the data on property sold last year.

Vacant Waterfront sales last year:
Last year, in Cheboygan County, there were 31 total vacant waterfront parcels sold out of the 414 Active Listings. Out of the 31 sold, Michakewa Shores represented 8 of the sales. That means Michakewa Shores represented one quarter of the total waterfront (river, lake, or pond) sales in the entire county! Customers must have seen some value in the property relative to other properties. Out of the vacant waterfront with Private Frontage, Michakewa Shores represented 8 of the 16 sold properties—half of the market decided Michakewa was the right property.

Michakewa Property Evaluation:
Through many in-depth interviews with owners and clients, we created a list of important criteria customers use when evaluating lakefront property in Northern Michigan. We used a portion of the criteria in the following analysis to highlight what separates Michakewa Shores from other lakefront properties in the area.

This analysis is meant to be a guide to help you understand the value Michakewa Shores offers vs other lakefront properties in the Cheboygan County area.

We used a scale from 1 to 7 to rate Michakewa Shores on the following criteria. A score of 7 meant that the property completely satisfied customers’ expectations.

Please feel free to call us to receive more details about Michakewa Shores.

Even with this level of information, there is no way to make a buying decision without standing on the property. We invite you to come up and visit Michakewa Shores.

If you would like to learn more about some of the comparables and see how Michakewa Shores stacks up, call one of our Land Consultant’s today at (800) 290-5263 or request more information.