Traverse City Real Estate Market Statistics - January 6, 2014

Weekly Market Statistics

       12/30/2013 thru 01/05/2014

63  New Listings

77  Closed Sales

242 Pending 

Sales By Classification

62  Residential $1,400 Lease to $870,000  Median $211,000 Mean $229,052

12  Vacant Land $5,000 to $210,000 Median $45,000 Mean $58,875

 1   Commercial $65,000 to $1,600,000

Sales by Location

10 Antrim County

08 Benzie County

33 Grand Traverse County

10 Kalkaska County

14 Leelanau County

02 Wexford County

Expired Listings   301

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

Off Water Homes All Values 

 Current Listings        526

 Sales                         01/13 to 01/14  1,060  01/12 to 01/13  1,031

 Average DOM            127 or 4.2 Months

 Value Direction          Up 10.4%

 Market Activity           Up 2.8%

 Inventory Supply        5.9 Months

Direct Water Homes All Values

 Current Listings       153

 Sales                        01/13 to 01/14  142  01/12 to 01/13  186

 Average DOM           193 or 6.4 Months

         Value Direction        Up 5.4%

         Market Activity         Down 23.7%

         Inventory Supply      12.9 Months  

Lots of activity for a holiday week with 77 closed sales.

Respectfully,

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.RobertJReamer.com

Real Estate Appraisal Services, Property Tax Appeal, Real Estate Consulting