Once again, a big thank you to Bob Reamer for this weeks market update. We saw a 38% jump in vacant land. Time to build that new home you have always wanted.
Weekly Market Statistics
05/21/2012 thru 05/27/2012
300 New Listings
87 Sold Listings
Sales By Classification
46 Residential $13,500 to $902,500 Median $141,500 Mean $193,846
33 Vacant Land $9,500 to $180,000 Median $20,970 Mean $20,970
8 Commercial $295 (lease) to $450,000
Sales by Location
7 Antrim County
9 Benzie County
55 Grand Traverse County
4 Kalkaska County
11 Leelanau County
0 Wexford County
1 Outside Areas
Expired Listings 63
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 717
Sales 05/10-05/11 794 05/11-05/12 854
Average DOM 158 or 5.3 Months
Value Direction Up 3.2%
Market Activity Up 7.6%
Inventory Supply 10.1 Months
Direct Water Homes All Values
Current Listings 240
Sales 5/10-05/11 110 05/11-05/12 157
Average DOM 229 or 7.6 Months
Value Direction Up 16.4%
Market Activity Up 42.7%
Inventory Supply 18.3 Months
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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. We are the expert in the region for Veterans who are looking to purchase a home. Being the preferred real estate brokerage for Veterans United Home Loans, we are proud to work with a lender partner who is also an expert in their field when it comes to Veterans.
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