2101 N Our Majestic Trail, Suttons Bay – SOLD

SOLD SUTTONS BAY VACANT PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 5/16/2019
2101 N Our Majestic Trail, Suttons Bay, MI – 1.00 Acre Level & Wooded Building Site
Asking Price: $39,900

Affordable 1.00 acre level & wooded building site located just 3 miles to the Village of Suttons Bay! This 150’ x 300’ parcel features beautiful hardwoods, a peaceful quiet setting, a paved privately maintained shared road, underground electric, cable/internet access, and perc test on file.

1740 Indian Woods Drive, Traverse City – NEW LISTING

Fantastic location on the base of Old Mission Peninsula near NMC, East Bay Waterfront Park, and just minutes from downtown Traverse City! This mid-century home features desirable one floor living, an open floor plan, newer kitchen, hardwood floors, vaulted ceilings, a spacious master bedroom with a walk-in closet, full unfinished basement, fenced-in backyard, and rear deck. Situated on a quiet low traffic street this home offers a peaceful setting and a low maintenance alternative to a condo!

CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

Parcel E – Beautiful Shores, Traverse City – SOLD

SOLD TRAVERSE CITY WATERFRONT PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 5/3/2019
Parcel E – Beautiful Shores, Traverse City, MI –155’ of Sandy Frontage on West Grand Traverse Bay
Asking Price: $750,000

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.

10108 S West Bay Shore Drive, Traverse City – SOLD

SOLD TRAVERSE CITY WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 4/30/2019
10108 S West Bay Shore Drive, Traverse City, MI – Ranch Home & 106’ on West Grand Traverse Bay
Asking Price: $359,500

Conveniently located just 4 miles north of Traverse City this 3 bedroom, 3 bath, 2,001 sq ft ranch home features desirable one floor living, a large open family room addition with a fireplace, freshly painted cedar siding, newer roof, deep 24x30 garage, natural gas generator, well & sewer, and 106’ of private sandy bottom West Grand Traverse Bay water frontage!

10 Acres – S Schomberg Road, Lake Leelanau – NEW LISTING

Beautiful wooded & rolling 10 acre vacant building site adjacent to other large parcels and situated on a paved county maintained road in central Leelanau County, just 6 miles south of Leland and close to popular Lake Michigan beaches! Health department site survey on file. The property is located on the east side of S Schomberg Road at the Zeits Road intersection (2.5 miles south of M-22).

4388 N Manitou Trail, Leland – SOLD

SOLD NORTH LAKE LEELANAU WATERFRONT HOME

SOLD by Oltersdorf Realty LLC on 4/9/2019
4388 N Manitou Trail, Leland, MI – Cottage & 200’ on North Lake Leelanau
Asking Price: $895,000

Rare opportunity to purchase 200’ on North Lake Leelanau just minutes from downtown Leland! This large 1.01 acre lot features 2 waterfront building sites and another building site across the road perfect for a large family compound.

4+ Acres - S West Bayshore Drive, Traverse City – SOLD

SOLD TRAVERSE CITY WATER VIEW PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 4/12/2019
S West Bayshore Drive, Traverse City, MI – 4.14 Acres, Water Views, Bay Access
Asking Price: $225,000

This 4+ acre wooded ridge top building site offers elevated sweeping panoramic water views of West Grand Traverse Bay with rarely available privacy just 4 miles north of Traverse City! The unique offering features 2 parcels of record with complete view control, 2 potential water view home locations, no restrictions, and easy easement access to Grand Traverse Bay including the right to maintain a dock and boat! A paved driveway has been installed, property corners are well marked, sewer/natural gas/cable are all available at the road and the property is ready for construction of your Leelanau County dream home! Please contact your real estate agent to schedule an appointment for you prior to walking the property.

11255 E Fort Road, Unit D-3, Suttons Bay - NEW LISTING

Highly desirable & affordable 3 bedroom, 2 full bath York Condominium offers an open living room with newer flooring and paint throughout, main floor bedroom & main floor full bath, natural gas forced air heat with A/C, and a finished walk out lower level!  Shared amenities include an in-ground swimming pool, walking trails, tennis courts, and shared well & septic.  Low maintenance and very conveniently located just 10 minutes from Traverse City and close to public West Bay water access! Association fee ($185/month) covers exterior building maintenance, lawn care, snow removal, garbage, shared septic & well. D building is one of the best locations in the complex with low traffic and flat easy access from Fort Road. Hurry!

11635 E Belanger Woods Drive, Suttons Bay – NEW LISTING

Beautiful gently sloping wooded large acreage building site offering complete privacy, seasonal Bay Views, numerous potential building locations, and an approved drain field site.  Area of high quality homes surrounded by natural surroundings on a paved private road with underground utilities including natural gas, electric, and cable. Ideal location just 3 miles north of Suttons Bay!

CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

725 N Apple Tree Drive #3, Suttons Bay – SOLD

SOLD VILLAGE OF SUTTONS BAY CONDOMINIUM

LISTING SOLD by Oltersdorf Realty LLC on 3/27/2019
725 N Apple Tree Drive #3, Suttons Bay, MIVillage of Suttons Bay Condominium
Asking Price: $289,000

Located within the year-round Village of Suttons Bay this 2186 sq ft ranch condominium enjoys open living and dining room areas with vaulted ceilings and a brick fireplace, newer kitchen cabinetry, 3 bedrooms, 2.5 baths, desirable main floor master bedroom suite and laundry, a walkout lower level featuring a family room with a fireplace, 2 bedrooms, full bath, sauna, and storage space! Additional features include an attached 2 car garage, covered porch, large rear deck, forced air natural gas heat, and air conditioning! Shared community amenities include maintenance free living, 1200’ of sandy beach frontage, pool & hot tub, tennis courts, and optional marina use!

2019 Lake Michigan Water Levels

Current Lake Michigan Water Levels 

The United States Army Corps of Engineers collects and publishes current / past Lake Michigan water level data which is very important to many property owners in Leelanau County & Grand Traverse County who own real estate on Lake Michigan or Grand Traverse Bay. Their last reading took place on March 1, 2019.

March 1, 2019                   580.15 feet

Difference from March 1, 2018:                                  +2 inches
Difference from long term average:                            +21 inches
Difference from highest monthly average (1986):    -11 inches
Difference from lowest monthly average (1964):      +49 inches
Projected change in levels by April 1, 2019:              +2 inches

Click here to open/download the full report for the current month:
http://lre-wm.usace.army.mil/reports/GreatLakes/GLWL-CurrentMonth-Feet.pdf

For more information on current & past historic records regarding the Great Lakes Water Levels please visit: http://www.lre.usace.army.mil/Missions/Great-Lakes-Information/Great-Lakes-Water-Levels/Water-Level-Forecast/Weekly-Great-Lakes-Water-Levels/

6462 Mission Ridge, Traverse City - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 3/1/2019
6462 Mission Ridge, Traverse City, MI - Port of Old Mission Condominium
Asking Price: $315,000

Fantastic location on the base of Old Mission Peninsula just outside of the city limits in Peninsula Township! This Port of Old Mission condominium features 2,600+ finished sq ft, main floor living, open concept layout, walkout lower level, attached garage, and an extremely deep extra detached garage! *Photos provided by Real Estate One.

1453 S Bay View Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERVIEW HOME

LISTING SOLD by Oltersdorf Realty LLC on 2/22/2019
1453 S Bay View Trail, Suttons Bay, MI – Home with Bay Views & 182’ of Shared Water Access
Asking Price: $565,000

Breathtaking elevated 180 degree water views of Grand Traverse Bay, West Bay, and Old Mission Peninsula are enjoyed from throughout this custom designed cedar sided home featuring: a large living room with 2 story ceilings and a fireplace; newer custom kitchen with maple cabinetry, granite counter tops, stainless steel appliances; hardwood and ceramic tiled flooring; master bedroom suite with two walk-in closets; den/exercise room; 2nd and 3rd bedroom wing with a second kitchenette and private bath; 2.5 car attached garage; large 1.06 acre partially fenced yard offering brick paver walk ways, waterside deck, garden shed; and 182’ of shared West Bay water frontage! An ideal tranquil cul-de-sac location at the end of a paved county maintained roadway within minutes of Suttons Bay & Traverse City! 

9766 E Valley Hills Drive, Traverse City – SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 2/5/2019
9766 E Valley Hills Drive, Traverse City, MI - 4 Bedroom, 3.5 Bath Home
Asking Price: $289,900

Plenty of space is found with this 3,072 sq ft home featuring 4 bedrooms, 3.5 baths, huge main floor in-law suite apartment, unfinished basement, and situated on a large 0.54 acre parcel! Wonderful location in a quiet neighborhood with county maintained roads, natural gas, and a community park! *Photos provided by Northern Great Lakes Realtors MLS.

2018 Leelanau County Year-End Home Sales

2018 Leelanau County Year-End Home Sales

Units Sold: -12.47% below 2017
Volume Sold: -10.44% below 2017
Average Sales Price: +2.32% over 2017
Median Sales Price: +3.47% over 2017

(click photos below to enlarge)

The 2018 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, 2018 through December 31, 2018 to the same time period in 2017, 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 2004-2018. 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

2018 Leelanau County Year-End Private Waterfront Home Sales

2018 Year-End
Leelanau County
Private Waterfront Home Sales

Units Sold: -22.55% below 2017
Volume Sold: -18.70% below 2017
Average Sales Price: +4.97% above 2017
Median Sales Price: +19.47% above 2017

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.

(Click photos below to enlarge)

Leelanau County Private Waterfront Home Sales data 2004-2018 for houses with private water frontage on Lake Michigan, West Bay, West Grand Traverse Bay, Grand Traverse Bay, Suttons Bay, Omena Bay, Northport Bay, Big Glen Lake, Little Glen Lake, Glen Lake, North Lake Leelanau, South Lake Leelanau, Lake Leelanau, Little Traverse Lake, and Lime Lake. 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 2004-2018. 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

What Did 2018 Leelanau County Home Buyers Purchase?

In Leelanau County there were 435 residential sales throughout 2018.
What did Leelanau County home buyers purchase last year?

(Click photos below to enlarge)

25.28% of all 2018 Leelanau County home sales sold between $200,000-$300,000. Elmwood Township & Glen Arbor Township combined for 37% of the total volume sold in Leelanau County. 40% of the total sales were either private waterfront homes or condominiums. 34% of Leelanau County home buyers bought with all cash (compared to 23% in Grand Traverse County). Home inventory stayed relatively flat compared to 2017.

2018 Leelanau County Year-End Vacant Land Sales Data

2018 Year-End
Leelanau County
Vacant Land Sales

Units Sold: -6.99% below 2017
Volume Sold: +23.73% over 2017
Average Sales Price: +33.04% over 2017
Median Sales Price: +24.92% over 2017

(Click photos below to enlarge)

The 2018 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, 2018. 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

2018 Grand Traverse County Year-End Home Sales Data

2018 Grand Traverse County Year-End Home Sales

Units Sold: -0.55% below 2017
Volume Sold: +0.63% over 2017
Average Sales Price: +1.19% over 2017
Median Sales Price: -0.24% below 2017

(click photos below to enlarge)

The 2018 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, 2018 through December 31, 2018 to the same time period in 2017, 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.

Overall Grand Traverse County residential home sales appeared to have flattened throughout 2018 compared to the record setting 2017 year. 2018 Grand Traverse County Home Sales Units Sold declined -0.55%, Volume Sold increased +0.63%, Average Sales Price increased +1.19%, and Median Sales Price decreased -0.24%.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2018. 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 2007-2018

Leelanau County Building Permits 2007-2018

In 2017 we saw the largest total amount of Leelanau County building permits issued since 2007 with 739 building permits issued throughout all of Leelanau County. This year the number decreased slightly to 713 total permits issued throughout 2018. The total dollar value of permits issued increased slightly from $64.187 Million in 2017 to $65.95 Million in 2018.