Weekly Market Statistics          04/09/2012 thru 04/15/2012        269  New Listings 54   Sold Listings   Sales By Classification 47 Residential $16,000 to $825,000 Median $112,000 Mean $163,413 4   Vacant Land $3,000 to $100,000 Median $35,500 Mean $43,500 3   Commercial $1,170 (lease) to $325,000   Sales by Location 11 Antrim County 5   Benzie County 23 Grand Traverse County 8   Kalkaska County 4   Leelanau County 1   Wexford County 2   Outside Areas   Expired Listings       75   Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values   Current Listings         690     Sales                         04/10-04/11  825  04/11-04/12  778  Average DOM            153 or 5.1 Months  Value Direction          Up 1.1%  Market Activity           Down  5.7%   Inventory Supply       10.7 Months   Direct Water Homes All Values  Current Listings         212  Sales                         4/10-04/11  113  04/11-04/12  137  Average DOM            227 or 7.6 Months          Value Direction         Up 11.6%          Market Activity          Up 21.2%          Inventory Supply      18.6 Months     Activity remains steady with prices inching up as inventory levels remain stable to modestly contracting in waterfront homes. The unknown factor in the market is number of foreclosure sales and how they will effect values. Foreclosure sales are typically sold at liquidation value, not market value which simply means the market exposure is accelerated to force a sale in 90 days or less. With such aggressive marketing it can offer a great opportunity for buyers, however cause market values to decline for sellers.   "Anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young." Henry Ford   Sincerely, Robert J. Reamer  Real Estate Expert Since 1978 Certified General Appraiser   website:  www.setpointptc.com