Special offer

Traverse City Michigan Real Estate News

By
Real Estate Broker/Owner with Coldwell Banker Schmidt Realtors

Just the facts: In 2009 there were 1069 residential properties sold in Grand Traverse County. Of those 254 were foreclosure homes or tagged as bank owned. That's only 23.7%. Compared with other markets, Traverse City real estate reports a fairly low foreclosure rate. The (monthly) high for 2009 was 34% (March/09) for Traverse City foreclosures reported in Grand Traverse county. The reason for the overall yearly reduction is twofold. One factor is short sales are becoming increasingly vogue and secondly, regular home owners are discounting their prices in tandem with Traverse City foreclosure pricing. Many people have wondered how to find waterfront foreclosures in Traverse City? Click Here to see all waterfront foreclosures in Traverse City. How many of the residential sales were "waterfront foreclosures" in 2009? Answer: 25 Total in 2009. Below is a table to provide some of this interesting data:

Posted by

Fred Schmidt

402 E Front St

Traverse City, MI 49686

(231) 883-7355

www.fredschmidt.com

Comments (1)

Geoff ONeill
John L. Scott Medford - Medford, OR

What a great place to visit.  I was there for a CATIA convention a few years back.  I'm sure you'll sell all that great waterfront property.

Mar 01, 2010 03:31 PM