The Grand Traverse region is primarily Grand Traverse, Leelanau, Benzie and Antrim Counties. Home to many wonderful lake front homes; buyers looking to purchase will find it’s an investment worth making. This region offers year-round activities for families as well as vacation get-a-ways. Lake front homes in the Grand Traverse Region has become a haven for great values on lake front homes.
Lake homes in the Grand Traverse region are homes on Lake Michigan and many inland lakes – Torch Lake, Long Lake, Elk Lake, Lake Leelanau (North & South), Glen Lakes (North & South), Crystal Lake, etc. And in the previous six months, 397 lake front homes are active and the oldest listing has been on the market for 810-days. The typical list price is $844,992.00. The average square foot sold price is $307.84.
Of active listings of lake front homes – according to the Multiple Listing Service (MLS) – 16% are currently Active Taking Back-ups or Under contract (ATB). Five of the 397 active listing homes had recent price drop/price change. And only one-home has been added within the previous four days had a Price Change (PCH). These homes are about 2,943 square feet.
There are four homes listed in Alden, MI, 17-homes in Bellaire, MI (one home is ATB), one home in Benzonia, MI (with a recent PCH), 20-homes in Beulah, MI (two homes are ATB; one had PCH), one home in Buckley, MI, two homes in Cedar, MI, 15-homes in Central Lake, MI, nine homes in Elk Rapids, MI (two homes are ATB), four homes in Ellsworth, MI, seven homes in Empire, MI (one home is ATB), four homes in Fife Lake, MI (two homes are ATB), 21-homes in Frankfort, MI (three homes are ATB), ten homes in Glen Arbor, MI (three homes are ATB), ten homes in Grawn, MI (three homes are ATB), nine homes in Honor, MI (two homes are ATB), four homes in Interlochen, MI (one home is ATB), 19-homes in Kewadin, MI (one home is ATB), six homes in Lake Ann, MI, nine homes in Lake Leelanau, MI, five homes in Leland, MI (three home are ATB), two homes in Mancelona, MI, four homes in Maple City, MI, 24-homes in Northport, MI (five homes are ATB; one home had a PCH), one home in Omena, MI and is ATB, 19-homes in Rapid City, MI (four homes are ATB), six homes in Suttons Bay, MI (one home is ATB), one home in Thompsonville, MI, 128-homes in Traverse City, MI (two recent PCH, one new listing, 23-homes are ATB), and 14-homes in Williamsburg, MI (one home is ATB).
Understanding the market conditions, values of each home, and the location is paramount when selecting your Up-North get-a-way. In a five-year period, home values have rose 20%, DOM has decreased by 4%, and available homes to purchase has significantly decreased by 7%. To learn more about our team, check us out at www.LakeLifeRealEstate.com or contact Ben Williams today!
Next Week: All Active Lake Front Homes