2011 3rd Qtr YTD Leelanau County Home Sales Statistics

2011 3rd Qtr YTD Leelanau County Home Sales Statistics
(January 1 - September 30)

I have calculated the updated 2011 3rd quarter year-to-date (January 1 - September 30th) recent home sales data and market sales trends for Leelanau County and have posted the information above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2011 through September 30, 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 (- 3.5 %) and median sales price (-3.5%). We are seeing increases in residential sales volume (+ 7.7 %), and total houses sold (+ 11.5 %) compared to this time one year ago. Median sale price and average sale price has decreased in so far in 2011 mainly due to a large number of sales of entry level affordable homes within Leelanau County. I will post the entire 2011 sales statistics and market report in early January 2012 once the December home sales are finalized.

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