It was a typically slow holiday week for real estate but we are still seeing activity and value up over this time last year. All good signs of recovery. Thank you to Bob Reamer for this weekly update for us to share.
Weekly Market Statistics
11/19/2012 thru 11/26/2012
79 New Listings
48 Sold Listings
270 Pending
Sales By Classification
36 Residential $6,000 to $325,000 Median $126,700 Mean $133,641
9 Vacant Land $1,800 to $165,000 Median $21,980 Mean $37,585
3 Commercial $4 sf to $15 sf (Lease) no sales
Sales by Location
09 Antrim County
07 Benzie County
14 Grand Traverse County
03 Kalkaska County
11 Leelanau County
02 Wexford County
02 Outside Areas
Expired Listings 59
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 614
Sales 11/10-11/11 825 11/11-11/12 981
Average DOM 145 or 4.8 Months
Value Direction Up 7.0%
Market Activity Up 18.9%
Inventory Supply 7.5 Months
Direct Water Homes All Values
Current Listings 200
Sales 11/10-11/11 137 11/11-11/12 175
Average DOM 211 or 7.0 Months
Value Direction Up 6.3%
Market Activity Up 27.7%
Inventory Supply 13.7 Months
It was a quiet week with the holiday, not much change in the long terms trends.
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