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Each month AR runs numerous contests as a way for our members to engage in activities
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Find informative stats, trends and insider tips on your state, county, city or neighborhood of choice. The insightful experts of ActiveRain share with you in a way only a local resident can.
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
Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
We will bring you up to date information on Traverse City, MI real estate market as well as activities in the area. Current market conditions are very important when making a real estate decision. I keep current daily on any changes in our market, both on and off water.