Traverse City Area Weekly Market Statistics - Courtesy of Bob Reamer

Weekly Market Statistics

       07/09/2012 thru 07/15/2012

       205  New Listings

        50   Sold Listings

266  Pending

Sales By Classification

44 Residential $17,000 to $935,000 Median $133,175 Mean $198,474

4   Vacant Land $45,000 to $215,000 Median $147,500 Mean $138,750

2   Commercial $1.14 sf lease to $600,000

Sales by Location

5   Antrim County

8   Benzie County

22 Grand Traverse County

3   Kalkaska County

7   Leelanau County

1   Wexford County

4   Outside Areas

Expired Listings      79

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

Off Water Homes All Values 

 Current Listings         733

 Sales                         07/10-07/11  788  07/11-07/12  867

 Average DOM            156 or 5.2 Months

 Value Direction          Up 1.4%

 Market Activity           Up  10.0% 

 Inventory Supply        10.1 Months

Direct Water Homes All Values

 Current Listings         267

 Sales                         07/10-07/11  115  07/11-76/12  159

 Average DOM            224 or 7.5 Months

         Value Direction         Up 5.6%

         Market Activity          Up 38.3%

         Inventory Supply       20.15 Months  

It was a slow week with only 50 sales, not uncommon with the 4th of July Holiday and Cherry Festival the last 2 weeks.  Market activity will likely bounce back and remain very strong at least until fall.

"There is nothing so useless as doing efficiently that which should not be done at all." Peter Drucker

Sincerely,

Robert J. Reamer 

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

website:  www.setpointptc.com

website:  http://www.the-team.biz/39885411/Home.aspx

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