Traverse City Real Estate Market Statistics - March 10, 2014

       03/03/2014 thru 03/10/2014

132 New Listings

57   Closed Sales

231 Pending 

Sales By Classification

33  Residential $23,000 to $829,500  Median $196,000 Mean $220,580

22  Vacant Land $5,000 to $1,250,000 Median $19,625 Mean $135,036

 2   Commercial $300 to $7,200 leases

Sales by Location

03 Antrim County

03 Benzie County

38 Grand Traverse County

05 Kalkaska County

04 Leelanau County

04 Wexford County

Expired Listings   46

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

Off Water Homes All Values 

 Current Listings        478

 Sales                         03/13 to 03/14  1,079  03/12 to 03/13  1,090

 Average DOM            126 or 4.2 Months

 Value Direction          Up 10.2%

 Market Activity           Even

 Inventory Supply        5.3 Months

Direct Water Homes All Values

 Current Listings       139

 Sales                        03/13 to 03/14  144  03/12 to 03/13  186

 Average DOM          191 or 6.4 Months

         Value Direction        Up 9.9%

         Market Activity         Down 22.6%

         Inventory Supply      11.6 Months  

A modest improvement in activity from last week.

Respectfully,

Robert J. Reamer 

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

Website: www.RobertJReamer.com

Real Estate Appraisal Services