The results are in and the most commonly used word in Leelanau County real estate during 2011 was: Stability. The year end results (January 1 – December 31st) have been posted in the graphs above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2011 through December 31, 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 (- 5.7 %) and median sales price (-0.9 %). We saw a slight increases in residential sales volume (+ 0.4 %), and total houses sold (+ 6.5 %) compared to this time one year ago. Median sale price and average sale price has decreased in 2011 mainly due to a large number of sales of entry level affordable homes within Leelanau County. Direct waterfront real estate sales have remained strong.
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
For final 2012 sales data click here: /blog/2013/1/18/2012-leelanau-county-home-sales.html