Traverse City Real Estate Market Statistics - September 22, 2014

Weekly Market Statistics

       09/15/2014 thru 09/22/2014

161 New Listings

97  Closed Sales

271 Pending 

Sales By Classification

67  Residential $47,500 to $1,500,000  Median $163,500 Mean $252,761

27   Vacant Land $7,500 to $455,000 Median $95,000 Mean $136,870

3     Commercial $500 Lease to $735,000

Sales by Location

12 Antrim County

09 Benzie County

54 Grand Traverse County

08 Kalkaska County

13 Leelanau County

01 Wexford County

Expired Listings   36

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

Off Water Homes All Values 

 Current Listings        646

 Sales                          09/13 to 09/14  1,102  09/12 to 09/13  1,166

 Average DOM            120 or 4.0 Months

 Value Direction          Up 11.9%

 Market Activity           Down 1.0%

 Inventory Supply       7.0 Months

Direct Water Homes All Values

 Current Listings       215

 Sales                         09/13 to 9/14 164 to 09/12 to 9/13  186

         Value Direction         Up 1.2%

         Market Activity          Down 11.8%     

          Inventory Supply      15.7 Months  

Steady week, not much change from last week. Steady is good.......

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