Happy Friday! Just a quick update on current data for #Leelanau & Grand Traverse home inventory | May 2019 ---> May 2024. TLDR - It's still a great time to be a Seller in this housing market with limited inventory compared to pre-pandemic levels.... Scroll down for Grand Traverse County.
8535 Underwood Ridge, Traverse City - SOLD
SOLD OLD MISSION WATER VIEW HOME
SOLD by Oltersdorf Realty LLC on 4/25/2024
Buyer's Agent --> Jonathan Oltersdorf
8535 Underwood Ridge, Traverse City, MI – Old Mission Water View home featuring 4 bedrooms, 5 baths, 5,265+ finished sq ft, in-ground pool, 2.20 acres, and 500’ of shared sandy frontage on West Grand Traverse Bay!
$1,690,000
581 Georgeotwn Place #8, Traverse City, MI – SOLD
SOLD TRAVERSE CITY CONDOMINIUM
LISTING SOLD by Oltersdorf Realty LLC on 3/1/2024
581 Georgetown Place #8, Traverse City, MI – 3 Bedroom, 2 Bath Condominium Near Downtown
$313,000
This desirable townhouse style condo is located in a quiet and convenient development within 1.5 miles of downtown Traverse City, Munson Hospital, restaurants, shopping, and so much more! One of the best locations in the complex, this end-unit offers extra privacy abutting development open space. Step inside to the spacious living room/dining room which enjoys vaulted ceilings, a gas fireplace, and access to a large private deck overlooking a beautiful Dogwood tree and naturally landscaped commons. Home features include: 1,585 sq ft of finished living area, 3 bedrooms, 2 full baths, roomy kitchen with a pass-through breakfast bar and newer appliances, conveniently located laundry area off the main bedroom, upstairs loft sitting area or office offering flexibility for your lifestyle, zoned heating, a/c, a large storage room or potential workshop off the garage, 1 car attached garage, and an additional 1 car carport under the deck. Don’t miss this option for maintenance free living, low association dues, and a fantastic location on the edge of downtown close to everything that Traverse City has to offer!
2023 Grand Traverse County Year-End Home Sales Data
2023 Grand Traverse County Year-End Home Sales Data
(click photos below to enlarge)
Explore the 2023 Grand Traverse County (Traverse City) home sales data, comparing prices, volumes, and trends with the previous years. Discover insights on median pricing, average sale prices, and the overall real estate market in the region.
Explore the comprehensive 2023 year-end (January 1 – December 31) home sales figures for Grand Traverse County in the charts above. Compare real estate housing sales in the county from January 1, 2023, to December 31, 2023, with the corresponding periods in 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, and 2014, covering townships such as Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.
Key 2023 Grand Traverse County Home Sales Statistics:
Home Sales Units Sold: -10.95% decrease (attributed to a lack of inventory)
Volume Sold: -3.44% decrease
Average Sales Price: +8.43% increase
Median Sales Price: +8.22% increase
This comprehensive report relies on sales data extracted from the Northern Michigan Realtors MLS spanning from 2004 to 2023. Please note that undisclosed sales and fractional ownership details are excluded. The information provided is intended for basic review purposes, with all efforts made for accuracy, though it cannot be guaranteed.
For further inquiries, contact Jonathan Oltersdorf at Oltersdorf Realty, LLC:
Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com
2024 Current Lake Michigan Water Levels
2024 Current Lake Michigan Water Levels
Lake Michigan Water Levels Up +1 Inch in 12 Months
For the 4th year in a row the good news continues for many waterfront property owners on Lake Michigan as the most recent readings indicate that water levels are now holding steady and just +1 inches higher compared to this time in 2023 and -32 inches lower than this time in 2020! January 2020 - July 2020 saw record high water levels on Lake Michigan which caused massive investment in shoreline protection throughout Leelanau County and the region.
The United States Army Corps of Engineers collects and publishes current / past Lake Michigan water level data which is very important to many property owners in Leelanau County & Grand Traverse County who own real estate on Lake Michigan or Grand Traverse Bay. Their last reading took place on January 12, 2024.
January 12, 2024 578.90 feet
Difference from January 12, 2023: +1 inch
Difference from long term average: +5 inches
Difference from highest monthly average (2020): -32 inches
Difference from lowest monthly average (2013): +35 inches
Projected change in levels by Feb 12, 2024: -1 inches
For more information on current & past historic records regarding the Great Lakes Water Levels please visit: http://www.lre.usace.army.mil/Missions/Great-Lakes-Information/Great-Lakes-Water-Levels/Water-Level-Forecast/Weekly-Great-Lakes-Water-Levels/
15383 Dunn Drive, Traverse City - SOLD
JUST SOLD on Old Mission Peninsula! 😍 Buyer's Agents --> Vicky Oltersdorf & Jonathan Oltersdorf. Asking Price: $3,400,000 | 15383 Dunn Drive, Traverse City, MI - 5 Bedroom, 5 Bath, 5,572 sq ft new custom home built in 2023 with 102' of western facing frontage on West Grand Traverse Bay! Listing photos courtesy of listing agent Ann Porter.
3692 Delta Drive, Traverse City - SOLD
SOLD TRAVERSE CITY RANCH HOME
SOLD by Oltersdorf Realty LLC on 10/18/2023
3692 Delta Drive, Traverse City, MI. 4 Bedroom, 3 Bath, 2,592 sq ft walkout ranch in Grand Traverse County!
$399,900 (Ask Price)
Recently sold by Jonathan Oltersdorf (Buyer's Agent) | $399,900 Ask Price | 3692 Delta Drive, Traverse City, MI. 4 Bedroom, 3 Bath, 2,592 sq ft walkout ranch in Grand Traverse County! Photo courtesy of listing agent Jenn Frankhouse, Re/Max Bayshore.
1088 Lochmoor Lane, Traverse City - SOLD
SOLD OLD MISSION WATER VIEW HOME
SOLD by Oltersdorf Realty LLC on 10/2/2023
1088 Lochmoor Lane, Traverse City, MI - 4 Bedroom, 3.5 Bath, Water View Home with 300’ of Shared Access on West Grand Traverse Bay!
$1,220,000
2160 Kewaunee Drive, Traverse City – SOLD
SOLD TRAVERSE CITY 2 STORY HOME
LISTING SOLD by Oltersdorf Realty LLC on 8/11/2023
2160 Kewaunee Drive, Traverse City, MI – 4 Bedrooms, 3.5 Baths, 3,380 Sq Ft, Close to a Sandy Beach Access on East Bay!
Sold Price: $608,150
This exceptional home has been thoughtfully updated and sits on a generous 0.42 acre lot that backs to peaceful woods and NMC property, just a short walk away from a beautiful sandy beach park on East Grand Traverse Bay! With 4 bedrooms and 3.5 baths, this two-story home provides 2,400 finished sq ft of living area on the main and upper levels, plus an additional 980 sq ft in the finished basement. The main floor features a living room with a cozy wood-burning fireplace perfect for creating a warm and intimate ambiance as well as a main floor family room offering a gas fireplace for ease and convenience. The beautifully kitchen updated with newer stainless appliances and granite countertops will inspire your inner chef, while the formal and informal dining areas creates an inviting atmosphere for hosting memorable meals and gatherings. Retreat upstairs to the spacious master bedroom, complete with its own private bath and 5’ tiled shower, as well as 3 additional bedrooms and an additional hall full bath. Step outside onto the sprawling front and back brick paver patios, offering an exquisite space to host gatherings or savor quiet outdoor moments. The well-designed and low maintenance yard, complete with an efficient irrigation system, guarantees that your outdoor areas maintain their vibrancy and lushness with minimal upkeep required. This outstanding home is located within the city limits in a quiet, low-traffic neighborhood at the base of Old Mission Peninsula, offering you the perfect balance of city convenience and natural beauty. Don't miss out on the opportunity to make this extraordinary Traverse City residence your own!
5855 Cedar Run Road, Traverse City - SOLD
Introducing an exceptional property nestled on 5 acres of land with Agricultural zoning! This remarkable location offers a range of possibilities, suitable for both residential and potential light commercial uses. Ideally situated, it is a mere 8-minute drive from downtown Traverse City and just 5 minutes away from the beloved local hotspot, Moomers Ice Cream.
Step inside and be captivated by the charm of beautiful hardwood floors that flow throughout the main three bedrooms. The combined kitchen and dining room create a modern, open living space with seamless sight lines into the inviting living room. A versatile fourth non-conforming bedroom on the lower level provides flexibility to be utilized as an in-home office, craft room, kids' play area, or whatever suits your needs.
The lower level also boasts a family room and a convenient 3/4 bath. Laundry hook-ups can be found on both the main and lower levels, ensuring ease and convenience. Additionally, the main bathroom features a low threshold shower and grab handles for added accessibility.
This property further boasts an attached 2-car garage and three outbuildings, perfect for storing vehicles, recreational gear, and even accommodating a workshop. Enjoy the great outdoors with the awning-covered back patio, an ideal space for grilling and hosting outdoor gatherings that your entire family will adore.
Recent upgrades include a new roof for the home in 2020, ensuring lasting durability, and the pole building's roof was replaced in 2021.
585 Madeira Drive, Traverse City - SOLD
Beautiful 4 bedroom, 3.5 bath 2,800+ sq ft home located in popular Verndale subdivision in East Bay Township. High quality construction throughout, open great room with island kitchen and gas fireplace, large 3 car garage, partially finished basement, and much more!
8853 Center Road, Traverse City - SOLD
JUST SOLD | $405,000 – 8853 Center Road, Traverse City, MI – Hard to find vacant lot on Old Mission Peninsula featuring 223’ of private frontage on East Grand Traverse Bay and a large 1.30 acre building site with incredible views!
2777 Old Barn Road, Traverse City - SOLD
10829 Talon Court, Traverse City - SOLD
Stunning views of East Grand Traverse Bay are enjoyed from throughout this 4 bedroom, 2.5 bath, 4131+ sq ft home in desirable Eagles Landing on Old Mission Peninsula! Additional home features include 1.36 acres, 272’ of shared East Bay Frontage, private boat dockage/slip, and so much more!
2022 Grand Traverse County Home Sales Data
2022 Grand Traverse County Year-End Home Sales Data
(click photos below to enlarge)
The 2022 year-end (January 1 – December 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2022 through December 31, 2022 to the same time period in 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, and 2013. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.
Overall Grand Traverse County residential home sales in 2022 continued to set new all-time record highs in pricing. In 2022 Grand Traverse County Home Sales Units Sold decreased -15.18% due to lack of inventory, Volume Sold decreased -2.58%, Average Sales Price increased +14.87%, and Median Sales Price increased +15.78%.
This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2022. Undisclosed sales and fractional ownership 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
2023 Current Lake Michigan Water Levels
2023 Current Lake Michigan Water Levels
Lake Michigan Water Levels Down -7 Inches in 12 Months
For the 3rd year in a row the good news continues for many waterfront property owners on Lake Michigan as the most recent readings indicate that water levels are now -7 inches lower compared to this time in 2022 and -32 inches lower than this time in 2020! January 2020 - July 2020 saw record high water levels on Lake Michigan.
The United States Army Corps of Engineers collects and publishes current / past Lake Michigan water level data which is very important to many property owners in Leelanau County & Grand Traverse County who own real estate on Lake Michigan or Grand Traverse Bay. Their last reading took place on January 14, 2022.
January 13, 2023 578.87 feet
Difference from January 13, 2022: -7 inches
Difference from long term average: +5 inches
Difference from highest monthly average (2020): -32 inches
Difference from lowest monthly average (2013): +34 inches
Projected change in levels by Feb 13, 2023: -1 inches
For more information on current & past historic records regarding the Great Lakes Water Levels please visit: http://www.lre.usace.army.mil/Missions/Great-Lakes-Information/Great-Lakes-Water-Levels/Water-Level-Forecast/Weekly-Great-Lakes-Water-Levels/
2640 N West Silver Lake Road, Traverse City - SOLD
SOLD REMODELED TRAVERSE CITY FARMSTEAD
SOLD by Oltersdorf Realty LLC on 10/7/2022
2640 N West Silver Lake Road, Traverse City, MI - 4 Bedroom & 3 Bath Farmhouse on 6.44 Acres
Asking Price: $995,000
Silver Lake Homstead - This beautifully remodeled classic farmhouse features 2,568 finished sq ft, 4 bedrooms, 3 baths, unique custom touches throughout, sauna, 800 sq ft tool shed and studio, large classic barn, and so much more on a rare 6.44 acres so close to Downtown Traverse City!
5237 Chestnut Court, Traverse City - SOLD
4335 Long Wood Drive, Traverse City – SOLD
Built in 2012 this low-maintenance ranch home is nestled on a 0.67 acre parcel backing to mature pines in a convenient location just 6 miles west of Downtown Traverse City! The home offers 1,676 sq ft of desirable one floor living, 3 bedrooms & 2 baths including a large main floor private master suite with 2 walk-in closets and a private bath, a spacious open great room with 9’ ceilings, hardwood flooring, a gas fireplace, an island kitchen with granite countertops, rear deck, 2 additional main floor bedrooms and/or offices, and a main floor laundry/mud room. The unfinished lower level has already mostly been framed, has rough plumbing for a 3rd bath, and offers the potential for 2 additional lower level bedrooms (bedrooms are drywalled & painted). Cost-effective situation to add additional sq footage by finishing the lower level. The house backs to Long Lake Elementary and features a natural gas forced air furnace, central air, cable internet & tv, irrigation system, shed, and current Briar Ridge HOA dues are just $360/year!
812 Randolph Street, Traverse City - SOLD
Rare hard to find legal non conforming duplex located in Slabtown within one of the most desirable residential neighborhoods in Traverse City! Located just blocks from the beach on West Grand Traverse Bay, downtown restaurants and entertainment, this investment property has so much potential!