Traverse City - Weekly Market Statistics - December 24, 2012

Weekly Market Statistics

       12/17/2012 thru 12/23/2012

100 New Listings

        80   Sold Listings

248  Pending

Sales By Classification

57 Residential $15,500 to $4,000,000 Median $136,000 Mean $270,892

20 Vacant Land $15,000 to $189,000 Median $77,900 Mean $76,370

3   Commercial $375 (Lease) to $675,000

Sales by Location

07 Antrim County

10 Benzie County

37 Grand Traverse County

08 Kalkaska County

14 Leelanau County

01 Wexford County

03 Outside Areas

Expired Listings    62

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

Off Water Homes All Values 

 Current Listings        547

 Sales                         12/10-12/11  822  12/11-12/12  995

 Average DOM            144 or 4.8 Months

 Value Direction          Up 7.6%

 Market Activity           Up 21.0% 

 Inventory Supply        6.6 Months

Direct Water Homes All Values

 Current Listings       175

 Sales                         12/10-12/11  136  12/11-12/12  179

 Average DOM           207 or 6.9 Months

         Value Direction         Up 7.7%

         Market Activity          Up 31.2%

         Inventory Supply      11.7 Months  

The year is finishing strong with 80 sales last week, including a $4,000,000 waterfront sale, looking good for 2013.....

Merry Christmas and Happy New Year!!!!!