Leelanau County 2010 Home Sales - July YTD

I have calculated the updated 2010 home sales data for Leelanau County and have posted the information below in several charts. The sales statistics compare housing sold in Leelanau County from January 1, 2010 through July 31, 2010 to the same time period in 2009 and 2008. 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 Leelanau County. As you will see in the data below home sales throughout Leelanau County are up 6% in 2010 over 2009. Median sale price has decreased slightly in 2010 over 2009 due in large part to the first time home buyer credit push this spring. Sales volume remains relatively steady with a 2% decrease. Although the 2010 numbers in Leelanau County aren't as high as property owners have hoped, Grand Traverse County has been seeing a large increase in real estate sales during 2010 which will eventually carry over to Leelanau County. Sales in Leelanau typically stay strong through the end of summer and fall.

-Jonathan Oltersdorf
Oltersdorf Realty, LLC

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2008-2010. Undisclosed sales are not included in the data.