Traverse City - Weekly Market Statistics

Weekly Market Statistics

       03/19/2012 thru 03/26/2012

This report is compliments of Bob Reamer, Certified General Appraiser

       200  New Listings

70   Sold Listings

Sales By Classification

56 Residential $1,500 to $745,000 Median $148,750 Mean $182,347

7   Vacant Land $10,000 to $237,500 Median $18,000 Mean $47,928

7   Commercial $1,700 (Lease) to $770,000

Sales by Location

12 Antrim County

8   Benzie County

30 Grand Traverse County

7   Kalkaska County

7   Leelanau County

4   Wexford County

2   Outside Areas

Expired Listings       57

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values 

 Current Listings         677   

 Sales                         03/10-03/11 831  03/11-03/12 794

 Average DOM            154 or 5.1 Months

 Value Direction          Even

 Market Activity           Down  4.5% 

 Inventory Supply       10.3 Months

Direct Water Homes All Values

 Current Listings         207

 Sales                         3/10-03/11 118  03/11-03/12 140

 Average DOM            224 or 7.5 Months

         Value Direction         Up 6.7%

         Market Activity          Up 18.6%

         Inventory Supply      18.5 Months  

The market finally takes off with significant activity as anticipated with 70 sales reported last week. This is likely the start of a more active market. While there will certainly be ups and downs, activity should remain stronger over the next several months offering significant opportunity for both buyer's and sellers. 

"Integrity is exhibited in actions, not pronouncements of intention" Lorin Woolfe

Sincerely,

Robert J. Reamer 

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

website:  www.setpointptc.com

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