Traverse City Real Estate Market Statistics - March 24, 2014

Weekly Market Statistics

       03/17/2014 thru 03/23/2014

119 New Listings

46   Closed Sales

249 Pending 

Sales By Classification

34  Residential $1,000 (lease) to $650,000  Median $152,000 Mean $200,844

 5   Vacant Land $21,000 to $600,000 Median $75,000 Mean $151,142

 5   Commercial $900 (lease) to $142,500

Sales by Location

09 Antrim County

02 Benzie County

29 Grand Traverse County

03 Kalkaska County

03 Leelanau County

00 Wexford County

Expired Listings   32

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

Off Water Homes All Values 

 Current Listings        474

 Sales                         03/13 to 03/14  1,102  03/12 to 03/13  1,089

 Average DOM            127 or 4.2 Months

 Value Direction          Up 10.8%

 Market Activity           Up 1.2%

 Inventory Supply        5.2 Months

Direct Water Homes All Values

 Current Listings       143

 Sales                        03/13 to 03/14  151  03/12 to 03/13  186

 Average DOM          194 or 6.5 Months

         Value Direction        Up 8.6%

         Market Activity         Down 18.9%

         Inventory Supply      11.4 Months  

Steady week with 46 sales, pending transactions ticked up as anticipated with increasing market activity as the weather breaks.

Respectfully,

Robert J. Reamer 

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

Website: www.RobertJReamer.com

Real Estate Appraisal Services