northern michigan: Northern Michigan Oil & Gas Lease Frenzy - 06/14/10 09:57 AM
Record Breaking State Oil & Mineral Lease Auction
A potentially huge unconventional natural gas reserve has been discovered in Northern Michigan.  This new natural gas play has been dubbed the "Collingwood Utica" shale play, named after Collingwood Shale, which is present in Northern Michigan at varying depths, along with Utica Shale, which is also present at shallower depths.
Prompting incredible speculation in local gas, oil and mineral rights leases are reports of a successful natural gas test well in Missaukee County owned by Petoskey Exploration, LLC, a subsidiary of Canadian based natural gas producer Encana Corporation.   Oil, gas and mineral leases on land owned by the state of … (4 comments)

northern michigan: Oh the Weather Outside is Frightful . . . . - 01/01/07 02:17 PM
Well, not really.  And that is the problem.  In Northern Michigan, tourism is the driver of our economy.  We depend upon snow, and lots of it, for our local ski resorts, motels, restaurants, and shops to thrive.  Snowmobiling is also an important winter sport which brings thousands of visitors to our area.  Ice fishing, snowshoeing, cross country skiing, outdoor ice skating, you name it, all these sports are enjoyed by the numerous tourists and visitors to our winter wonderland. . . but not so far this year.
Not only did we not have a White Christmas, but no snow for New Year's as well.  … (2 comments)

northern michigan: Nub's Nob Voted #1 Terrain Park in North America! - 11/25/06 01:13 PM
The readers of Ski Magazine have voted Nub's Nob Ski Resort of Harbor Springs as the number one terrain park and number four for snow grooming on the entire North American continent!
Nub's Nob is the only Midwestern ski resort to ever capture North American "Gold Medals" from Ski Magazine, and was previously voted into the top ten in all of the United States and Canada for snow and value.  According to Scott Stillings, Nub's Nob's head of guest services, "All we think about is snow, snow, snow, running the best ski and snowboard resort of our size possible and making our … (1 comments)

northern michigan: Northern Michigan Land Sales Down - 10/19/06 03:12 AM
Northern Michigan Land Sales are down considerably for the first three quarters of 2006, compared to the same period last year.  Unit volume is down by almost 1/3, dollar volume is down over 41%, average sale price is down almost 13%, and the median sale price is down 11.5%.Based on information provided by the Northern Michigan Multiple Listing Service for the periods from January 1 - September 30, 2005-06.
For full details, see my other blog. 

northern michigan: Boyne City Real Estate Sales - Disappointing 3rd Quarter - 10/17/06 06:27 PM
The latest Boyne City residential real estate market statistics for the 3rd Quarter of 2006 are abysmal. The number of residential sales in the 3rd Quarter of 2006 dropped to 31, from 47 sales in the 3rd Quarter of 2005, a decline of almost 35%. The dollar volume of residential sales in the same period dropped to $7,965,400 from $15,944,670 in the prior year, a decline of over fifty percent. The median sales price dropped significantly as well, from $186,900 in the 3rd Quarter of 2005 to $155,700 in the 3rd Quarter of 2006, a decline of over 16%.Note: Based upon … (0 comments)

northern michigan: Northern Michigan Real Estate Sales - 3rd Quarter 2006 - 10/17/06 06:04 PM
Northern Michigan residential real estate sales for the 3rd Quarter of 2006 declined over 15% from year ago levels, dropping from 242 sales in the 3rd Quarter of 2005 to 205 sales in the 3rd Quarter of 2006. The 205 residential sales in the Petoskey, Harbor Springs, Charlevoix and Boyne City school districts represents a sales volume decline of over 25% from the high of 274 residential sales in the 3rd Quarter of 2004.Note: Based on information obtained from the Northern Michigan Multiple Listing Service for the period from July 1 - September 30, 2001-2006. … (2 comments)


Stefan Scholl

Northern Michigan Real Estate

Petoskey, MI

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Buyer's Broker of Northern Michigan, LLC

Address: 3280 Woods Way, Suite 4, Petoskey, MI, 49770

Office: (231) 347-9600

Mobile: (231) 881-2550

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Northern Michigan Real Estate news, commentary and market information published by Stefan Scholl, real estate attorney, exclusive buyer agent and broker/owner of Buyer's Broker of Northern Michigan, LLC.



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