Weekly Market Statistics - Traverse City, MI Courtesy of Robert Reamer

Weekly Market Statistics

       07/23/2012 thru 07/29/2012

       211  New Listings

        84   Sold Listings

259  Pending

Sales By Classification

63 Residential $22,000 to $1,075,000 Median $121,000 Mean $177,425

11 Vacant Land $15,000 to $215,000 Median $34,000 Mean $53,500

10 Commercial $200 lease to $780,000

Sales by Location

11 Antrim County

6   Benzie County

46 Grand Traverse County

6   Kalkaska County

10 Leelanau County

5   Wexford County

0   Outside Areas

Expired Listings     62

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

Off Water Homes All Values 

 Current Listings         736

 Sales                         07/10-07/11  788  07/11-07/12  906

 Average DOM            155 or 5.1 Months

 Value Direction          Up 1.2%

 Market Activity           Up 15.0% 

 Inventory Supply        9.7 Months

Direct Water Homes All Values

 Current Listings         267

 Sales                         07/10-07/11  115  07/11-76/12  165

 Average DOM            224 or 7.5 Months

         Value Direction         Up 4.6%

         Market Activity          Up 43.5%

         Inventory Supply       19.4 Months  

Activity remains stable with 84 sales last week. 

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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