Traverse City Real Estate Market Update 4-14-14

Weekly Market Statistics

178 New Listings

56   Closed Sales

Sales By Classification

44  Residential $15,000 to $543,000  Median $158,300 Mean $180,563

 7   Vacant Land $10,400 to $260,000 Median $25,000 Mean $56,557

 5   Commercial $825 (Lease) to $1,270,000

Sales by Location

06 Antrim County

04 Benzie County

31 Grand Traverse County

04 Kalkaska County

09 Leelanau County

02 Wexford County

Expired Listings   48

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

Off Water Homes All Values 

 Current Listings        481

 Sales                         04/13 to 04/14  1,081  04/12 to 04/13  1,114

 Average DOM            125 or 4.2 Months

 Value Direction          Up 10.4%

 Inventory Supply        5.3 Months

Direct Water Homes All Values

 Current Listings       146

 Sales                        04/13 to 04/14  146  04/12 to 04/13  187

 Average DOM          186 or 6.2 Months

         Value Direction        Up 5.9%

         Market Activity         Down 21.9%

         Inventory Supply      12.0 Months  

Activity remains flat with little change from last week. Pending transactions are up on rising activity.

Respectfully,

Real Estate Expert Since 1978

Certified General Appraiser

Phone:     231.649.0877

Fax:           231.333.5078

Email:       bob@teamreamer.com

Website: www.RobertJReamer.com