The year 2020 turned out to be record-setting for residential real estate sales in Michigan City and the lakefront beach towns in LaPorte County.
A report by @properties found a record $130 million sales in the market, which includes the beach towns Sheridan Beach, Long Beach, Duneland Beach, Michiana Shores and Shoreland Hills. Sales along the lakefront shot up by 40% to nearly $90 million. This shatters all historical records by large amounts, with the second-best year not even coming close, @properties broker Michael Conner said. There has never been interest in Michigan City at this level.
Over the last four years, the market value of homes along the lakefront has risen by 32%. Nearly half of all properties in Michigan City were under contract within 30 days of listing, according to the study.