9201 N Onominese Trail, Northport – NEW LISTING

NEW LISTING
$585,000 - 9201 N Onominese Trail, Northport, MI – Home & 146’ on Lake Michigan

Breathtaking expansive Lake Michigan sunset water views and the soothing sounds of Lake Michigan waves are enjoyed with this charming 3 bedroom year-round direct waterfront home!  The spacious great room is accented by wood tongue and groove cathedral ceilings, hardwood flooring, a beautiful two story natural stone fireplace and large Andersen windows.  Additional features include a spacious open kitchen, main level master bedroom, solid pine doors, 2 car attached garage, cedar siding, and a large waterside deck.  The extremely private 1.24 acre wooded lot includes 146’ of private direct Lake Michigan frontage all within a short drive of the quaint Villages of Northport, Omena, Suttons Bay, and Leland!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

4041 S Whitehill Drive, Cedar - SOLD

SOLD CEDAR WATER VIEW HOUSE

 SOLD by Oltersdorf Realty LLC on 5/7/2018
4041 S Whitehill Drive, Cedar, MI - Water View Home on 2.25 Acres
Asking Price: $499,900

Beautiful 3900+ sq ft 5 bedroom, 3.5 bath home centrally located in Leelanau County featuring a gourmet kitchen, hardwood floors, countryside and Lake Leelanau water views, and so much more on a private 2.25 acre parcel! *Photos provided by Northern Great Lakes Realtors MLS.

910 Rose Court, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY RANCH HOUSE

LISTING SOLD by Oltersdorf Realty LLC on 5/7/2018
910 Rose Court, Traverse City, MI - Affordable "In-Town" Ranch Home
Asking Price: $165,000

Adorable 2 bedroom, 1 bath, 875 sq ft ranch home located in downtown Traverse City! This one level house features an attached 1 car garage, large fenced-in rear yard, and an updated bathroom just minutes to downtown Traverse City!

616 N St Mary’s Street, Suttons Bay - SOLD

SOLD VILLAGE OF SUTTONS BAY HOUSE

LISTED & SOLD by Oltersdorf Realty LLC on 5/4/2018
616 N St. Mary's Street, Suttons Bay, MI - Affordable Village of Suttons Bay Home
Asking Price: $150,000

Affordable Village of Suttons Bay home located on a large 90’x120’ parcel! This quaint wood sided home features beautiful tile flooring, an open kitchen, main floor laundry, a fenced yard, deck, shed, forced air natural gas heat, municipal sewer & water. Situated within the charming year-round Village of Suttons Bay just blocks from public sandy beaches, boat launches & marina’s, restaurants, shopping, library, theatre, and so many more convenient amenities. North Gateway zoning allows for possible use as single family, multi-family, retail, professional, restaurant, B & B, medical offices, etc.

11140 E Lee Mann Road, Northport – NEW LISTING

NEW LISTING
$295,000 - 11140 E Lee Mann Road, Northport – House on 20.47 Acres & Elevated Water Views

A slice of heaven can be enjoyed from within this ridgetop home and its secluded 20+ acre parcel offering panoramic elevated Grand Traverse Bay water views and picturesque Leelanau County rolling countryside views!  With over 1,800 sq feet of finished one floor living area this home can be used as a year-round primary home or as a low maintenance vacation home/rental property.  The 20 acre parcel features extraordinary year-round unobstructed sunrise views, western & eastern sloping topography, and hundreds of feet of frontage along a beautiful spring fed creek that traverses the property. Possible land division options exist for this unique offering.

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

409 S Main Street Unit #4, Leland – SOLD

SOLD LELAND CONDOMINIUM

LISTING SOLD by Oltersdorf Realty LLC on 4/25/2018
409 S Main Street Unit #4, Leland, MI – Leland Condominium & Boat Slip
Asking Price: $349,000

Spectacular fully remodeled Leland condominium that includes a private boat slip directly on the Leland River with quick boating access to North Lake Leelanau and located just a few blocks to Fishtown & Lake Michigan beaches! The stunning maintenance free condominium features a living room with oak wide plank flooring, brick wood burning fireplace, and Pella windows offering River views. The completely new kitchen offers rustic cherry cabinets with Reeded glass cabinet door inserts, Antique Labrador granite countertops, high end stainless steel appliances, tile backsplash & flooring, a custom restored 1930’s Detroit streetlight, and the stylish bathroom includes a low step walk-in tiled shower with River Rock floor, glass doors, Kohler fixtures, and marble countertop. Every detail has been thought of in this recent remodel making this condominium entirely move-in ready!

2253 Richter Road, Suttons Bay – NEW LISTING

NEW LISTING
$469,500 - 2253 Richter Road, Suttons Bay, MI – Farmhouse, 4.8 Acres, & Barns

This charming and historic ~1880’s farmhouse is located on a tranquil 4.84 acre parcel and features 2,040 sq. feet of finished living area, an inviting living room with a brick fireplace, 4 large bedrooms, 2 baths, hardwood flooring, basement, covered front porch, and an attached 2 car finished garage.  Wonderful outbuildings include a 3 car/1248 sqft detached garage/workshop, 720 sq. ft. granary building with loft, 200 sqft playhouse/shed, and a two story ~43’x81’ barn with lean-to! Fantastic storybook countryside location adjacent to the Leelanau Bike Trail and conveniently situated between Suttons Bay & Traverse City on a paved county maintained road!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

Parcel E – Beautiful Shores, Traverse City – NEW LISTING

NEW LISTING
$795,000 - Parcel E – Beautiful Shores, Traverse City, MI –155’ of Sandy Frontage on West Bay

This unique 1.16 acre wooded parcel with an exceptional deep sandy beach and 155’ of private direct frontage on West Grand Traverse Bay with western facing sunset views is located in a premier location to build your dream home on Old Mission Peninsula! The property offers a paved private road, underground utilities, sandy walking beach, and unparalleled privacy backing to a large parcel placed in private conservancy. The property corners have been marked and the soil evaluation has been completed. Conservation easement, restrictions, road maintenance agreements, and land division pre-approval are in place.

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

11615 E Belanger Woods Drive, Suttons Bay – NEW LISTING

NEW LISTING
$159,500 – 11615 E Belanger Woods Drive, Suttons Bay, MI – 3.70 Acre Water View Vacant Parcel

This 3.70 acre wooded ridge top building site offers elevated sweeping panoramic water views of both Grand Traverse Bay & Suttons Bay and complete privacy within this wonderful neighborhood of large acreage building sites and premier quality homes! Association amenities include paved private roads, and underground utilities including natural gas & cable. A wonderful setting to build your dream home in a convenient location just 3 miles north of Suttons Bay in beautiful Leelanau County! Trim the trees to improve the view!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

1771 S Cherry Blossom Lane, Suttons Bay - NEW LISTING

NEW LISTING
$497,500 - 1771 S Cherry Blossom Lane, Suttons Bay, MI – Water View Ranch Home

Spectacular elevated water views of West Grand Traverse Bay and Old Mission Peninsula are enjoyed from throughout this completely remodeled ranch home situated on a low-maintenance 1.15 acre private parcel! Enjoy 2900+ sq ft of finished living area, an open great room with cathedral ceilings and abundant natural light, a spacious main floor master bedroom suite with a walk-in closet and picturesque water views, a large deck, a partially finished walkout lower level, and an attached 2 car garage. Recently remodeled inside and out with new high quality CertainTeed vinyl siding, new shingles, remodeled master bath and guest bath with tile floors and glass shower doors, new carpeting/flooring and paint throughout, new lighting and blinds, and many more stylish updates! Wonderful low traffic location on a county maintained road with access to 700’ of shared water frontage on West Bay!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

3170 Horseshoe Drive, Traverse City – SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 2/20/2018
3170 Horseshoe Drive, Traverse City, MI - Affordable Ranch Home
Asking Price: $174,900

Affordable 1,150 sq ft ranch home features 3 bedrooms, 1.5 baths, full unfinished basement, attached 2 car garage, newer roof, newer furnace, and is situated on a very quiet 0.56 subdivision lot located just outside the city limits of downtown Traverse City!

6080 S Lake Leelanau Drive, Traverse City - SOLD 2018

SOLD LAKE LEELANAU WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 2/5/2018
6080 S Lake Leelanau Drive, Traverse City, MI – Cottage & 75’ on South Lake Leelanau
Asking Price: $449,900

Charming 928 sq ft home and a 320 sq ft guest efficiency apartment with direct Lake Leelanau water frontage!  Enjoy spectacular 180 degree western facing sunset water views from this attractive Northern Michigan cottage and guest apartment featuring knotty pine and wood floor accents, large kitchen with tile accents, 3 bedrooms, and 2 baths.  Ideal boating and swimming directly from your 75’ of private sandy bottom water frontage in a fantastic location on a shared private road with a tree lined buffer allowing for wonderful privacy.  Just 10 minutes to Traverse City in desirable Leelanau County!

2017 Leelanau County Year-End Home Sales

2017 Leelanau County Year-End Home Sales

Units Sold: +5.09% over 2016
Volume Sold: +12.67% over 2016
Average Sales Price: +7.21% over 2016
Median Sales Price: +7.45% over 2016

2004-2017 Leelanau County Home Sales. Average Sales Price surpassed 2005 high in 2017, Median Sales Price surpassed 2005 high in 2016.

2004-2017 INFLATION ADJUSTED Leelanau County Home Sales. In 2017 the Average Sale Price & Median Sale Price are still well below the 2005 high when taking into account inflation.

The 2017 year end (January 1 – December 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2017 through December 31, 2017 to the same time period in 2016, 2015, 2014, 2013, 2012, 2011, and 2010. 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.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2017. 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

2017 Leelanau County Year-End Private Waterfront Home Sales

2017 Leelanau County Year-End
Private Waterfront Home Sales

Units Sold: +16.85% over 2016
Volume Sold: +16.78% over 2016
Average Sales Price: -0.05% below 2016
Median Sales Price: -4.16% below 2016

The data below includes all reported home sales with private direct water frontage and private "across the road" water frontage within all of Leelanau County on Lake Michigan, West Grand Traverse Bay, and all inland lakes. Homes with frontage on rivers, ponds, and creeks are excluded.

2004-2017 Leelanau County Private Waterfront Home Sales: Inflation adjusted data provided to compare 2017 sales to the previous market high of 2007.

Total Number of Waterfront Home Sales over $1 Million in Leelanau County.

Leelanau County Private Waterfront Home Sales data 2004-2017 for houses with private water frontage on all Inland Lakes, Grand Traverse Bay, and Lake Michigan. This includes Traverse City, Suttons Bay, Omena, Northport, Leland, Lake Leelanau, Cedar, Maple City, Glen Arbor, and Empire. The data includes homes with private direct water frontage and "across the road" private waterfront. This excludes homes with shared access, creek frontage, river frontage, and pond frontage.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2017. 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

2017 Grand Traverse County Year-End Home Sales

2017 Grand Traverse County Year-End Home Sales

Units Sold: -5.92% below 2016
Volume Sold: +4.37% over 2016
Average Sales Price: +10.95% over 2016
Median Sales Price: +13.79% over 2016

The 2017 year-end (January 1 – December 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2017 through December 31, 2017 to the same time period in 2016, 2015, 2014, 2013, 2012, 2011, and 2010. 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.

It was another year of record breaking residential home sales throughout 2017. During 2017 Grand Traverse County Home Sales Volume increased +4.37% over 2016's record setting volume. Median Sales Price was up +13.79% while Average Sales Price was up +10.95%. Total number of units sold decreased -5.92% due to very low inventory throughout the entire year.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2017. 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

2017 Leelanau County Vacant Land Sales

2017 Leelanau County Vacant Land Sales

Units Sold: +7.59% over 2016
Volume Sold: +13.23% over 2016
Average Sales Price: +5.24% over 2016
Median Sales Price: +12.31% over 2016.

Historical look back at Leelanau County Vacant Land Sales 2004-2017 (Units Sold & Sales Volume)

Historical look back at Leelanau County Vacant Land Sales 2004-2017 (Average Sales Price & Median Sales Price). The Average Sales Price for Leelanau County vacant land remains -36.27% below the 2008 high and is -44.02% inflation adjusted below the 2008 high. The Median Sales Price for leelanau County vacant land remains -41.27% below the 2008 high and is -48.50% inflation adjusted below the 2008 high.

The 2017 year end (January 1 – December 31) vacant land sales data have been posted in the charts above. The vacant land sales statistics compare real estate vacant parcels sold in Leelanau County from January 1, 2004 through December 31, 2017. 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.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. 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

Leelanau County Building Permits 2007-2017

Leelanau County Building Permits 2007-2017

According to the Home Builders Association of Michigan (HBA), the median new home construction price in the Greater Grand Traverse area is $437,180. This is the highest in the state and places it within reach of only 10% of the households in our area, or only available to those that can qualify by having a household income of $116,620 per year.

Leelanau County Home Inventory 2004-2017

Leelanau County Home Inventory 2004-2017

Leelanau County single family residential home inventory has reached its lowest level of supply in 14+ years! After peaking at a 3+ year supply in the summer of 2010 housing inventory has since dropped to a 6-12 month average supply throughout 2017. There were 247 units sold in 2010 compared to 495 units sold in 2017.

What did Leelanau County home buyers purchase in 2017?

In Leelanau County there were 495 residential sales in 2017.
What did Leelanau County home buyers purchase last year?

Where did 2017 Leelanau County home buyers come from?

Where do Leelanau County home buyers come from?

59% of the Leelanau County home buyers in 2017 had a Leelanau County or Grand Traverse County zip code as their primary address.