Lot 1 - N Forest Beach Shores, Northport – NEW LISTING

Beautiful walkout private sandy beach frontage is enjoyed with this desirable gently sloping direct waterfront lot!  Soil test on file showing conditions suitable for on-site septic system and a survey has been completed. Build your dream home in a wonderful waterfront community on Lake Michigan / Grand Traverse Bay.  Neighborhood amenities include a club house, tennis and basketball courts, playground, and hiking trails close to additional state land!

2017 Leelanau County Home Sales January-March

The 2017 first quarter (January 1 – March 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 March 31, 2017 to the same time period in 2016, 2015, 2014, 2013, 2012, and 2011. 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.

2017 Leelanau County Home Sales Volume has increased a +22.41% compared to this time last year and total houses sold has increased +5.71% over last year. Average sales price has increased +15.79% and Median Sales Price has increased +2.98%. The first quarter is by far the slowest 3 months of real estate sales in Leelanau County, especially with upper price ranges and waterfront property on West Grand Traverse Bay, Lake Michigan, Glen Lake, and Lake Leelanau.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS from 2011-2017. 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 Home Sales January-March

The 2017 first quarter (January 1 – March 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 March 31, 2017 to the same time period in 2016, 2015, 2014, 2013, 2012, and 2011. 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.

So far in 2017 Grand Traverse County Home Sales Volume has increased +3.73% over 2016. Average sales price is up +4.77% while Median Sales price is up +5.23%. Total number of units sold has decreased -0.99%. For the 4th year in a row there remains low home inventory, especially in the downtown Traverse City Area.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS from 2011-2017. 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

2.15 Acre S Nanagosa Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY VACANT LOT

CREATED SALE SOLD by Oltersdorf Realty LLC on 4/7/2017
S Nanagosa Trail, Suttons Bay, MI - 2.15 Acre Vacant Parcel
Asking Price: $55,000

This beautiful wooded and rolling hilltop building site enjoys seasonal Bay views. Natural gas, electric, phone, cable, and high speed internet are available at road. County maintained road, no association dues.

5290 N Omena Point Road, Omena - NEW LISTING

Nestled within a peaceful natural wooded setting this year-round home offers 100’ of private sandy beach frontage on Grand Traverse Bay, 4 bedrooms, 2.5 baths, 2250+ sq ft, large living room with cathedral ceilings and a stone fireplace, loft/study, formal and informal dining areas, main floor waterside master bedroom suite, granite kitchen countertops, 3 season porch, attached 2 car garage, and so much more on a 0.88 acre private lot!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

564 S Woodsmoke Drive, Lake Leelanau - NEW LISTING

Sweeping Lake Michigan sunset water views are enjoyed from throughout this wonderful home located within a very private 4.61 acre partially wooded setting.  An excellent primary home or vacation retreat featuring cathedral ceilings, a beautiful stone fireplace, 3 bedrooms, 3 full baths, main level living and family rooms, new main level master bedroom suite addition in 2010, loft/study, finished walkout lower level, and 2 car garage. Fantastic location within minutes of Good Harbor Beach, Leland, and the Sleeping Bear Dunes.

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

881 N Eagle Highway, Lake Leelanau – NEW LISTING

Unique one-of-a-kind custom post & beam built home that was skillfully converted from a barn! This charming year-round home or vacation retreat offers a large great room with cathedral ceilings, wide wood plank flooring, gas fireplace, 1600+ finished sq ft of living area, 3 bedrooms & 2 baths, full basement, a relaxing covered screened porch, new metal roof in 2016, A/C, new exterior & interior paint, and new insulation. Private tranquil setting with a meandering creek only minutes from Lake Leelanau, Suttons Bay, and Leland!

10 Acres - S Maple Valley Road, Suttons Bay – SOLD

SOLD SUTTONS BAY VACANT LOT

LISTING SOLD by Oltersdorf Realty LLC on 4/6/2017
S Maple Valley Road, Suttons Bay, MI - 10.00 Acre Vacant Parcel
Asking Price: $79,500

Beautiful wooded & rolling 10 acre vacant building site adjacent to other large parcels featuring rural countryside views and situated on a paved county maintained road just 4 miles to Suttons Bay and 15 minutes to Traverse City.

6444 S Lake Leelanau Drive, Traverse City - NEW LISTING

This charming 1 1/2 story well maintained one owner home is situated in a wonderful location offering 110’ of western facing direct Lake Leelanau walkout frontage and a very private 380’ deep lot with a beautiful meandering creek! Home features include a living/dining/kitchen area with cathedral ceilings and 3 sided stone fireplace, a large main floor master bedroom suite, 3 bedrooms & 2.5 baths, main floor den & laundry, low maintenance vinyl siding, 2 car attached garage, Geothermal forced air heating & cooling, Andersen windows, and new shingles in 2016! Conveniently located within central Leelanau County just minutes from downtown Traverse City & Suttons Bay!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING

2736 S Lake Leelanau Drive, Lake Leelanau - SOLD

SOLD SOUTH LAKE LEELANAU WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 4/3/2017
2736 S Lake Leelanau Drive, Lake Leelanau, MI - 100' of Private Direct Frontage on South Lake Leelanau
Asking Price: $529,000

Exceptional opportunity to own 100’ of direct sandy bottom water frontage on Lake Leelanau with this large family home offering 4,400+ sq ft of finished living area; 4 bedrooms and 3 baths; open great room with two story cathedral ceilings, large door walls, expansive views, and stone fireplace; walkout partially finished lower level with second family room; 2 car attached garage with large workshop; 2 story detached garage/storage barn; outdoor shower; and wonderful elevated & wooded western facing sunset water views!

254 W Summerset Court, Suttons Bay - SOLD

SOLD SUTTONS BAY VACANT LOT

LISTING SOLD by Oltersdorf Realty LLC on 3/27/2017
254 W Summerset Court, Suttons Bay, MI - Village of Suttons Bay Vacant Lot
Asking Price: $54,900

This gently sloping 0.62 acre building site is located on the north end of the Village of Suttons Bay on a private cul-de-sac location setback nicely from the road and offers water views, municipal sewer & water, and low association dues of only ~$430 per year! Amenities across the street include a tennis court, indoor pool, hot tub, gym, and optional marina slip. Only a short walk or bike ride to downtown for dinner and a movie!

135 S Nanagosa Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERFRONT HOME

LISTED & SOLD by Oltersdorf Realty LLC on 3/24/2017
135 S Nanagosa Trail, Suttons Bay, MI - Ranch Home & 100' on West Grand Traverse Bay
Asking Price: $595,000

Suttons Bay Private Direct Waterfront ranch home on the desirable Stony Point peninsula features a very deep and very private wooded lot, 100 feet of frontage on West Grand Traverse Bay, a large great room with cathedral ceilings and floor to ceiling glass-door walls which walk out to an impressive deck offering dramatic sunrise views of Old Mission Peninsula! Wonderful quiet paved county road within neighborhood of quality waterfront homes!

12555 E Tatch Road, Omena – NEW LISTING

Desirable one floor living is offered throughout this large move-in ready ranch home featuring 3,000+ sq ft of finished living space, 4 bedrooms, 3.5 baths, open kitchen/living room with a freestanding gas stove, spacious master bedroom suite with a walk-in closet & private bath, 430 sq ft hobby/sewing room, 750 sq ft heated workshop, and an oversized 40x24 attached heated garage! The beautiful 3.22 acre countryside setting also features a sprinkler system, gardens, 2 storage sheds, composite deck, covered porch, and is within walking distance to dinner & the beach in downtown Omena!

7545 E Obrien Road, Lake Leelanau – SOLD

SOLD LAKE LEELANAU HOME

LISTED & SOLD by Oltersdorf Realty LLC on 3/13/2017
7545 E Obrien Road, Lake Leelanau, MI - 3 Bedroom Ranch Home on 7 Acres & Pole Barn
Asking Price: $255,000

Situated on 7.00 acres in a fantastic countryside location this 3 bedroom vinyl sided ranch home features hardwood flooring throughout, an open great room with a wood stove, covered front porch, rear deck with a screened-in porch, full unfinished basement, attached 2 car garage, and an additional detached 24’x36’ garage with electricity! Beautiful acreage views outside your back door!

11638 E Belanger Woods Drive, Suttons Bay, MI – SOLD

SOLD SUTTONS BAY WATER VIEW LOT

LISTED & SOLD by Oltersdorf Realty LLC on 3/13/2017
11638 E Belanger Woods Drive, Suttons Bay, MI - Elevated Water Views
Asking Price: $119,000

This 2.22 acre wooded building site offers elevated and sweeping panoramic water views of Grand Traverse Bay, and complete privacy within this wonderful neighborhood of large acreage building sites and quality homes! Association amenities include paved private roads, underground utilities including natural gas & cable. A wonderful setting to build your dream home in a convenient location just north of Suttons Bay in picturesque Leelanau County! Call for details!

10636 S Plowman Road, Glen Arbor - SOLD

SOLD GLEN ARBOR HOME

SOLD by Oltersdorf Realty LLC on 3/10/2017
10636 S Plowman Road, Glen Arbor, MI - Affordable Leelanau County Home on 2.25 Acres
Asking Price: $169,900

This affordable Glen Arbor ranch home is situated on a beautiful 2.25 acre parcel and features 3 bedrooms, 1,440 sq ft, wood stove, new septic system, and an oversized 2+ car garage. The 2.25 acre gently sloping lot features a meandering stream and is located just minutes from the Sleeping Bear Dunes National Lakeshore, Glen Lake, Lake Michigan beaches, downtown Glen Arbor and Empire!

1451 S Bay View Trail, Suttons Bay – NEW LISTING

Spectacular 180 degree water views over West Grand Traverse Bay are featured throughout this extraordinary home located on a very private wooded lot offering natural low-maintenance landscaping and fully controlled unobstructed elevated water views! Enjoy 2700+ sq. ft. of finished living area, an open living room with a brick fireplace and new hardwood flooring, a large open kitchen with new cork flooring, 3 bedrooms, 3 baths, office with built-in Murphy bed, walk out lower level, and extra deep attached garage! Wonderful low traffic location on a county maintained cul-de-sac and access to 182' of shared frontage on West Bay!

7311 S Lake Leelanau Drive, Traverse City – NEW LISTING

South Lake Leelanau sunset water views are enjoyed from this large 18.08 acre vacant parcel featuring beautiful open and rolling countryside terrain. Located within a short 10 minute drive to Traverse City on a paved county maintained road and within walking distance to public Lake Leelanau water access/boat launch. A survey and soil evaluations are on file, and natural gas & cable is available at the road! Nothing else like this is currently on the market! Note: There are power line easements across the property and driveway access is available off of Bingham Ridge Drive (see survey).

5675 E Hoxie Road, Cedar - SOLD

SOLD CEDAR HOME ON ACREAGE

SOLD by Oltersdorf Realty LLC on 2/28/2017
5675 E Hoxie Road, Cedar, MI - 4800 Sq Ft Home + 76 Acres
Asking Price: Undisclosed

Spectacular one-of-a-kind high quality craftsman home nicely secluded on 76 acres of rolling, wooded, and open terrain. The home features 4800 sq ft of finished living space, 4 bedrooms, 3.5 baths, open great room, exorbitant mechanical systems, and an attached 3 car heated garage. Package also includes an oversized 2+ car detached building and a large pole barn and fenced pasture. Truly an estate sized parcel!

Leelanau County Home Sales vs S&P 500 Index

Leelanau County Home Sales vs S&P 500 Index Year-End Price 2004-2016

Out of curiosity I wanted to chart the average home sales price and median sales price in Leelanau County compared to the S&P 500 Index year-end value dating back to 2004 to determine just how correlated the three data sets are. As expected, you can see in the graph above there is a significant trend between the rise and fall of home prices and the rise and fall of the S&P 500 Index. Even though our real estate market has recovered significantly since 2008-2009 it hasn’t approached the astonishing growth of the stock index during that timeframe. Is the stock market significantly overvalued today? Will Leelanau County home values continue their growth trajectory? No one can predict with certainty what will happen but we can try!

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2004-2016. 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