Market Report - Traverse City

Weekly Market Statistics

115 New Listings

71   Closed Sales

Sales By Classification

54  Residential $28,000 to $1,100,000  Median $233,600 Mean $172,450

13  Vacant Land $5,125 to $535,000 Median $101,709 Mean $70,000

04  Commercial $1,425 Lease to $850,000

Sales by Location

12 Antrim County

11 Benzie County

31 Grand Traverse County

06 Kalkaska County

10 Leelanau County

01 Wexford County

Expired Listings   82

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

Off Water Homes All Values 

 Current Listings        635

 Sales                          10/13 to 10/14  1,087  10/12 to 10/13  1,170

 Average DOM            122 or 4.1 Months

 Value Direction          Up 12.6%

Direct Water Homes All Values

 Current Listings       199

 Sales                         10/13 to 10/14 164 to 10/12 to 10/13  173

         Value Direction         Down 1.8%

         Market Activity          Down 7.5%     

          Inventory Supply      15.7 Months  

Consistent activity with little change from last week. Overall looks like a good fall market heading into the winter months. With interest rates falling there will likely be an increase in buyer activity offering sellers a great opportunity over the next few weeks.

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