2010,2011,2012 Distressed Home Sales
Leelanau County & Grand Traverse County
It is clear from the pie charts above that the percent of distressed home sales in Leelanau County and Grand Traverse County (Traverse City) has been dropping significantly since 2010. In 2012 only 22.30% of real estate home sales (single family and condominiums) have been foreclosures or short sales. At the end of the year in 2011 that number was higher at 27.79% and was just over 31.67% at year-end in 2010. The percent of foreclosures and short sales sold has dropped almost 10% in 2 years! One of the most surprising statistics from the data is that more traditional sales have closed already in 2012 (January – September) than all of 2011 and 2010! Homes are selling much better this year than the previous 4 years and it should be interesting to see where the data ends up at the end of 2012!
This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2012. 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.