220 New Listings
77 Sold Listings
Sales By Classification
65 Residential $10,000 to $968,000 Median $147,500 Mean $198,705
7 Vacant Land $6,000 to $333,500 Median $17,000 Mean $70,785
3 Commercial $89,500 to $400,000
Sales by Location
6 Antrim County
6 Benzie County
42 Grand Traverse County
7 Kalkaska County
10 Leelanau County
3 Wexford County
3 Outside Areas
Expired Listings 57
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 688
Sales 05/10-05/11 794 05/11-05/12 842
Average DOM 158 or 5.3 Months
Value Direction Up 3.1%
Market Activity Up 6.0%
Inventory Supply 9.8 Months
Direct Water Homes All Values
Current Listings 232
Sales 5/10-05/11 110 05/11-05/12 154
Average DOM 227 or 7.6 Months
Value Direction Up 18.1%
Market Activity Up 40.0%
Inventory Supply 18.1 Months
The market continues to strengthen with off water home values beginning to rise in high demand locations. Inventory levels continue to contract falling under 10 months contributing to rising prices as competition for available properties increases. Direct water homes are also seeing increased activity with rising price pressures and significantly more buyers in the market. It's certainly not a utopia, but it is better than we've seen in a long time.
"No level of wealth can buy back your regrets and no level of poverty can sell out your dreams" Orrin Woodward
Sincerely,
Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Phone: 231.649.0877
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