$174,000 - 10451 S Timberlee Dr, Traverse City, MI - Optional Shared Water Access

This wonderfully maintained 1820 sq ft Elmwood Township ranch home offers 1820 sq ft of living area, 3 bedrooms, 2.5 baths, a living room with cathedral ceilings and gas fireplace, main floor master bedroom suite, a partially finished walkout lower level and 2.5 + car attached garage! Additional features include beautiful countryside and distant Lake Leelanau water views, A/C, and optional shared Lake Leelanau frontage with boat dockage!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

 SOLD SUTTONS BAY WATEFRONT HOME

 2208 N West-Bay Shore Dr, Suttons Bay, MI - 100' on Grand Traverse Bay
LISTING SOLD by Oltersdorf Realty, LLC on 2/20/2012
Asking Price: $315,000

Enjoy panoramic views of Stony Point Peninsula and Suttons Bay from this year round home offering 100 feet of private direct water frontage on this deep 280+ ft lot! Main floor features include an open living room with a gas fireplace, kitchen with bay views, 2 bedrooms, 2 baths (private master bath), laundry and more! Partially finished walkout lower level offers a 3^rd bedroom, family room with a 2nd gas fireplace and bay views! This well maintained home also features a 2 car garage, newer furnace with A/C, and recent exterior paint. Great value for this waterfront home located only 3 miles from the Village of Suttons Bay in beautiful Leelanau County!

The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners.

In August, the Fed had made a rare move to say it would keep rates near zero until at least mid-2013. The Fed said Wednesday that the economy still needs more help and it will now extend that period to 2014. 

Fed Chairman Ben Bernanke said in a news conference that the Fed isn’t happy with the modest economic recovery and that the Fed may need to take additional steps to spur recovery. He did not comment further on what those steps might be, though. 

While the economy has improved somewhat in recent weeks, Fed officials say it’s worried about “strains in global financial markets” and the still high unemployment rate. 

Some critics say that the Fed’s vow to keep mortgage rates longer won’t do enough to help the economy and the housing market. They argue that too many Americans are already unable to take advantage of the record low mortgage rates because of the tightening of lending standards. 

Bernanke shared that concern, saying that millions of home owners were unable to refinance because of damaged credit or being from underwater in their homes. 

Source: “Fed Sees Low Rates to 2014,” The Wall Street Journal (Jan. 26, 2012) and “Fed Signals That a Full Recovery Is Years Away,” The New York Times (Jan. 25, 2012)

Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.

$329,000 or $289,000 - 508 N St. Joseph St, Suttons Bay, MI - Residential or Commercial

Nicely finished, unique Residential/Business/B&B opportunity with 2 separate entrances! Great Village location just a few blocks from the waterfront beach, park, marina, restaurants, theatre and more! Large Parcel (4 LOTS) offers partially treed, park-like setting with beautifully landscaped yards, re-circulating Koi pond, private deck, balcony with Bay view and front and back drive entries. Spacious layout, skylights and quality finishing! Unlimited potential for home or business with available lot splits!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

1740 Indian Woods Dr, Traverse City, Grand Traverse County, Michigan
SOLD by Oltersdorf Realty, LLC on 1/20/2012
Asking Price: $89,900

This very affordable 2 bedroom, 1 bath home is situated in a convenient location at the base of Old Mission Peninsula in Grand Traverse County. Home features include: an open floor plan with cathedral ceilings, 1000 finished square feet, hardwood floors, full unfinished basement, fenced rear yard with deck, carport, and more! Only blocks to East Bay Park on East Grand Traverse Bay, Bryant Park on West Grand Traverse Bay, Traverse City Central High School, and Northwestern Michigan College!

Stability was the key to Traverse City & Grand Traverse County area real estate in 2011. The year end results (January 1 – December 31^st) have been posted in the graphs above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2011 through December 31, 2011 to the same time period in 2010 and 2009. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.

As you will notice in the housing sales data posted above, 2011 residential real estate sold in Grand Traverse County has increased slightly compared to 2010 in terms of average selling price (+ 1.2 %) and total units sold (+1.2 %). We also saw a promising increases in residential sales volume (+ 2.4 %). The only decline we saw in the Grand Traverse County sales statistics was the median sale price dropping from $145,000 to $141,000 (-2.7 %).

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2009-2011. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

The results are in and the most commonly used word in Leelanau County real estate during 2011 was: Stability.  The year end results (January 1 – December 31^st) have been posted in the graphs above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2011 through December 31, 2011 to the same time period in 2010 and 2009. This includes the townships of Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City within the southeast corner of Leelanau County.

As you will notice in the housing sales data posted above, 2011 residential real estate sold in Leelanau County has declined slightly compared to 2010 in terms of average selling price (- 5.7 %) and median sales price (-0.9 %). We saw a slight increases in residential sales volume (+ 0.4 %), and total houses sold (+ 6.5 %) compared to this time one year ago. Median sale price and average sale price has decreased in 2011 mainly due to a large number of sales of entry level affordable homes within Leelanau County. Direct waterfront real estate sales have remained strong.  

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2009-2011. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

796 N St Joseph St, Unit 41, Suttons Bay, Leelanau County, Michigan
LISTED & SOLD by Oltersdorf Realty, LLC on 1/11/2012
Asking Price: $699,000

Rarely available this end unit condominium offers 2640 sq ft of living area, 3 BR’s, 3.5 tiled baths and 2 car attached garage!  The wonderful open floor plan offers living and family rooms with fireplaces, cathedral ceilings, a fully finished walk-out lower level with wet bar, private deck and patio all enjoying panoramic Suttons Bay views! Exceptional amenities include:1400 ft of frontage, deep sandy beach, pool & hot tub, amenities building, tennis courts, pond, beautiful common areas & optional marina!

The Leelanau County Building Department is reporting that 454 permits were issued in 2011 at an estimated value of $26,897,501. That is a decrease of 3 permits (-.07%) and an estimated $2,015,527 in value (-7%) compared to 2010.

Below you will find a chart totaling permits and estimated values of construction within Leelanau County from 2008 through 2011.

Check back often as we will post the year-end 2011 Leelanau and Grand Traverse County real estate sales data within the next several weeks. This report will provide median and average sales price, total houses sold, and total volume sold for 2011 and previous years for each county!

Oltersdorf Realty, LLC
http://www.Oltersdorf.com
Phone: 231-271-7777
E-mail: realestate@oltersdorf.com

Planning on buying or selling Leelanau County real estate in 2012? Experience Counts! Oltersdorf Realty, LLC has sold over $54.7 Million in Sales Volume and 163 Units (homes, vacant parcels, commercial buildings) in Leelanau County from 2007-2011! That’s 35% more volume and 37% more units than the next closest agent!

Our client’s listings are advertised through over 50 syndication partners, displaying listings on over 300 websites. In the spring of 2011 we completely rebuilt and modernized our website www.oltersdorf.com which has resulted in an increase of 55% in total visits, 413% in page views, and 182% in average time on the site compared to 2010!

We are very pleased with the overall effectiveness of our marketing strategy which has resulted in another productive sales year here at Oltersdorf Realty, LLC. 2011 year end totals resulted in a 10.4% increase in sales volume and a 21.4% increase in total units sold over 2010! We are looking forward to a fantastic 2012!

Vicky & Jonathan Oltersdorf
Oltersdorf Realty, LLC
http://www.oltersdorf.com/
Phone: (231)271-7777
Email: RealEstate@Oltersdorf.com