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Traverse City - Weekly Market Statistics - November 5, 2012

By
Real Estate Broker/Owner with Cherry Wings Realty 6502373398

 

Inventory levels are dropping in the Northern Michigan region.  Now is a great time to get your hold listed and sold.  Call our office today for a market evaulation to see how we can plan to sell your home for you this winter.

 

 

 

 

Weekly Market Statistics

 

       10/29/2012 thru 11/04/2012

124  New Listings

        85   Sold Listings

275  Pending

 

Sales By Classification

66 Residential $43,000 to $790,000 Median $162,000 Mean $214,717

18 Vacant Land $1,800 to $955,000 Median $8,400 Mean $27,236

1   Commercial $165,000

 

Sales by Location

11 Antrim County

08 Benzie County

40 Grand Traverse County

07 Kalkaska County

18 Leelanau County

00 Wexford County

01 Outside Areas

 

Expired Listings     165

 

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

 

Off Water Homes All Values 

 Current Listings        634

 Sales                         11/10-11/11  825  11/11-11/12  941

 Average DOM            146 or 4.9 Months

 Value Direction          Up 7.6%

 Market Activity           Up 14.0% 

 Inventory Supply        8.1 Months

 

Direct Water Homes All Values

 Current Listings       215

 Sales                        11/10-11/11  137  11/11-11/12  169

 Average DOM            211 or 7.0 Months

         Value Direction         Up 6.8%

         Market Activity          Up 23.4%

         Inventory Supply      15.2 Months  

Posted by

Christine Stalsonburg, Broker/Owner

Cherry Wings Realty

 

 

231-409-4140

 

 

 

 

 

 

 

 

 

View Christine Stalsonburg's profile on LinkedIn

Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

Christine

I like the way you blogged about your Traverse city real estate. Nice to know that prices and home values are going up.

Best Wishes

Nov 04, 2012 08:04 PM
Cherry Wings Realty
Cherry Wings Realty - Traverse City, MI
Your Traverse City Michigan Realtor

Thank you Jacob.  It is nice to see our values increasing.  Hopefully our entire country will be on track for a better housing market in 2013.

 

Nov 04, 2012 08:11 PM