Market activity was up from last week with two sales over $1,000,000 in direct water homes. Often times high value buyers will lead the trend and there is a noticeable increase in activity as the high value market segment. As summer winds down between now and mid November will likely be a great time to buy with good inventory levels, soft prices and low interest rates all of which are likely to change in the near future.
Weekly Market Statistics
08/01/11 thru 08/07/2011 from the TAAR MLS
158 New Listings
66 Sold Listings
Sales By Classification
56 Residential $13,500 to $2,325,000 Median $125,000 Mean $179,045
8 Vacant Land $5,000 to $260,000 Median $28,500 Mean $62,962
2 Commercial $3,850 Lease to $37,000
Sales by Location
9 Antrim County
9 Benzie County
30 Grand Traverse County
10 Kalkaska County
5 Leelanau County
1 Wexford County
2 Outside Areas
Expired Listings 94
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 879
Sales 8/09-8/10 913 8/10-8/11 728
Average DOM 152 or 5.1 Months
Value Direction Up 2.8%
Market Activity Down 20.3%
Inventory Supply 14.5 Months
Direct Water Homes All Values
Current Listings 312
Sales 8/09-8/10 114 8/10-8/11 112
Average DOM 205 or 6.8 Months
Value Direction Up 6.7%
Market Activity Even
Inventory Supply 33.5 Months
Sale activity up from last week.
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