July 2011 YTD Home Sales Stats- Leelanau County

I have calculated the updated 2011 year-to-date (January 1 - June 30th) recent home sales data and market sales trends for the Leelanau County area and have posted the information above. The home sales statistics compare housing sold in Leelanau County real estate from January 1, 2011 through June 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 Leelanau County.

As you will notice in the housing sales data posted above, 2011 residential real estate sold in Leelanau County has continued to outpace 2010 in terms of average selling price (+ 6 %), residential sales volume (+ 20 %), and total houses sold (+ 14 %). Median sale price has decreased in the first half of 2011 mainly due to a large number of sales of entry level affordable homes within Leelanau County.

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