Traverse City Real Estate Market Update 4-7-14

Weekly Market Statistics

158 New Listings

56   Closed Sales

Sales By Classification

44  Residential $9,000 to $575,000  Median $148,450 Mean $180,490

10  Vacant Land $21,000 to $200,000 Median $36,000 Mean $62,238

 2   Commercial $85,000 to $90,000

Sales by Location

09 Antrim County

05 Benzie County

34 Grand Traverse County

04 Kalkaska County

02 Leelanau County

02 Wexford County

Expired Listings   74

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

Off Water Homes All Values 

 Current Listings        469

 Sales                         04/13 to 04/14  1,063  04/12 to 04/13  1,114

 Average DOM            126 or 4.2 Months

 Value Direction          Up 11.0%

 Inventory Supply        5.3 Months

Direct Water Homes All Values

 Current Listings       144

 Sales                        04/13 to 04/14  145  04/12 to 04/13  187

 Average DOM          187 or 6.2 Months

         Value Direction        Up 2.1%

         Market Activity         Down 22.5%

         Inventory Supply      11.9 Months  

Activity remains flat with little change from last week. The next 30-45 days will say allot about where the market is headed.

Respectfully,

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

Website: www.RobertJReamer.com