Drummond Island, MI

Real estate in Drummond Island, Michigan is a hot commodity. The island has an abundance of natural resources, including lakes, rivers, and forests. The island also has a population of just over 1,000 people. This small population makes it easy to find your dream home on the island.

The real estate market on Drummond Island is very competitive. There are a limited number of homes available for sale, and buyers have to be quick to get their hands on them. Prices for homes on the island range from $130,000 to $1 million+.

One reason why prices are so high on Drummond Island is that there are few homes available for sale. The island's population growth rate is low, so there isn't much new construction happening. This means that most of the homes currently for sale were built in the past 10-15 years. As a result, they're in high demand and command high prices.

Another factor contributing to the high prices on Drummond Island is its location: it's close to both Lake Michigan and Grand Traverse Bay. This makes it an attractive destination for tourists and weekenders alike. Many people who live on the island commute to work in nearby cities like Traverse City or Sault Ste Marie (both about an hour away). So even though there are only 1,000 residents living on the island full time (most of whom own their own home), there's still a lot of demand for property here because so many people want to live close by!