2022 Leelanau County Year-End Home Sales Data

2022 Leelanau County Year-End Home Sales Data
(click photos below to enlarge)

The 2022 year end (January 1 – December 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau 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 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.

Overall Leelanau County residential home sales in 2022 continued to set new all-time record highs in pricing although total inventory and sales are trending much lower. In 2022 Leelanau County Home Sales Average Price increased +26.28%, Median Price increased +9.42%, Sales Volume decreased -11.47%, and Units Sold decreased -29.89%.

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

308 N Lincoln Street, Suttons Bay – SOLD

SOLD VILLAGE OF SUTTONS BAY HOME

LISTING SOLD by Oltersdorf Realty LLC on 9/28/2022
308 N Lincoln Street, Suttons Bay, MI – Newer 5 Bedroom, 3 Bath Home in the Village of Suttons Bay
Sold Price: $830,000

A rare find within the Village of Suttons Bay! This cottage style newer built 5 bedroom, 3 bath stylish home is an ideal primary home or vacation retreat offering 3,075 sq ft of finished living area, a well-designed comfortable layout that features wonderfully designed finishes and creative uses of space throughout. The main floor offers hardwood floors, a large chefs dream kitchen with white wood cabinetry, granite and butcher block countertops, a built-in breakfast nook, a large pantry/laundry/and mud room combo space with plenty of thoughtful storage! The upstairs which could be used as an in-law/guest suite has an interior and exterior entrance, 2 bedrooms & 1 bath, 2nd kitchen and laundry, and an open living/dining room! Extras include 8’ main level ceiling height, cathedral ceilings on the second level, energy efficient 2x6 construction, and low-e glass windows. Relax on your secluded covered rear porch with wood beamed cathedral ceilings. The owner’s fun design, decorating style and finishes make this home a delight to see! 2 car garage also features walk-up 2nd floor storage. Convenient location within the Village just 2 blocks from downtown and 3 blocks to the beach! *Lower level bedroom windows are non-conforming due to height from floor.

14967 N Cathead Bay Drive, Northport - SOLD

SOLD LAKE MICHIGAN WATERFRONT HOME

SOLD by Oltersdorf Realty LLC on 7/15/2022
14967 N Cathead Bay Drive, Northport, MI - 5 Bedroom, 3 Bath home on 2.21 acres with 200’ of direct private frontage on Lake Michigan!
Asking Price: $1,695,000

2021 Leelanau County Home Buyers - Cash or Financing?

In Leelanau County there were 475 residential home sales in 2021. Did they buy with cash or use financing?

43% of all home purchases in 2021 in Leelanau County were bought with cash, up from 34% in 2020. This compares to Grand Traverse County which had 30% of the houses bought with cash in 2021.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. Undisclosed sales and fractional ownership 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 

What did Leelanau County Homebuyer’s Purchase in 2021?

In Leelanau County there were 475 residential home sales in 2021. What did Leelanau County home buyer’s purchase last year?

(click photos below to enlarge)

51% of all 2021 Leelanau County homes sales sold for less than $500,000. Leland and Elmwood Township combined for 33% of all residential sales volume, and 32% of all home sales were waterfront or condominiums. Purchasing a home in 2021 often led to multiple offers due to extremely low home inventory, a continuation of what we saw in 2020.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. Undisclosed sales and fractional ownership 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 

2021 Leelanau County Year-End Home Sales Data

2021 Leelanau County Year-End Home Sales Data

Volume Sold: +6.28%
Units Sold: -10.71%
Average Sales Price: +19.03%
Median Sales Price: +28.03%

(click photos below to enlarge)

The 2021 year end (January 1 – December 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2021 through December 31, 2021 to the same time period in 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, and 2012. 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.

Overall Leelanau County residential home sales in 2021 continued to set new all-time record highs in most categories. In 2021 Leelanau County Home Sales Volume Sold increased +6.28%, Units Sold decreased -10.71%, Average Sales Price increased +19.03%, and Median Sales Price increased +28.03%.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2020. 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

8350 E Horn Road, Lake Leelanau – SOLD

SOLD SUTTONS BAY HOME ON ACREAGE

LISTING SOLD by Oltersdorf Realty LLC on 6/3/2021
8350 E Horn Road, Lake Leelanau, MI – Charming Newer Home + Guest Cottage on 4.9 Acres!
Price: $410,000

Absolutely charming countryside cottage situated on a partially wooded 4.9 acre private parcel! This custom high-quality energy efficient home built in 2017 features one floor living, 2 bedrooms & 1 bath, an open great room with vaulted wood ceilings, white kitchen cabinets with granite countertops, luxury vinyl flooring throughout, attractive covered front porch, rear deck & patio, Pella windows, SmartSide siding & trim, and an adorable 1 bedroom & 1 bath freestanding guest cottage with a fantastic rental history! Wonderful setup for a low-maintenance year-round primary home, seasonal Leelanau County 2nd home, or utilize entirely as a vacation rental property! Beautiful tranquil setting that you instantly appreciate as soon as you pull into the driveway. Located just minutes from Suttons Bay, Leland, and Lake Leelanau!! Extra-large septic system offers potential for a future home expansion! *Sq footage is a combined total of the house and the guest cottage. Main house is 816 sq ft, guest apartment is 192 sq ft.

10017 E Lakeview Hills Road, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

LISTED & SOLD by Oltersdorf Realty LLC on 4/23/2021
10017 E Lakeview Hills Road, Traverse City – 4 Bedroom & 2.5 Bath Home with Shared West Bay Frontage!
Asking Price: $350,000

Immaculate move-in ready home situated within a wonderful neighborhood offering 230’ of shared West Bay sandy water frontage! This exceptionally well-maintained one owner home features ~2,026 finished sq ft, 4 bedrooms & 2.5 baths including a private master bath, main floor living room and lower level family room both with wood burning fireplaces, newer Pella windows & doors, natural gas furnace plus heat pump/air conditioner, workshop, attached 24x40 garage, and a long list of updates! The spacious 0.56 acre level lot has a large yard with an underground sprinkler system and garden, rear composite deck, and is located on a quiet county maintained paved road just 7 miles to downtown Traverse City!

What did Leelanau County Homebuyer’s Purchase in 2020?

In Leelanau County there were 532 residential home sales throughout 2020. What did Leelanau County homebuyer’s purchase last year?

(click photos below to enlarge)

65% of all 2020 Leelanau County homes sales sold between $100,000-$500,000, Leland and Elmwood Township combined for 32% of all residential sales volume, 41% of all home sales were waterfront or condominiums, and 34% of all sales were cash purchases. Purchasing a home in 2020 often led to multiple offers due to extremely low home inventory. Our home inventory peaked at approximately 40% of the total inventory we had a decade ago. Supply is now well under 6 months of inventory which puts us in a very strong Seller’s market.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. 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 

7492 S Lakeview Road, Traverse City - SOLD

SOLD SOUTH LAKE LEELANAU WATERFRONT HOME

SOLD by Oltersdorf Realty LLC on 12/16/2020
7492 S Lakeview Road, Traverse City, MI - Home with 293’ on South Lake Leelanau!
Asking Price: $995,000

Unique opportunity to own a South Lake Leelanau boathouse with living space above! This 2 bedroom, 1.5 bath boathouse sits on 293’ of direct private frontage with 3.31 wooded acres just 10 minutes from Downtown Traverse City in southern Leelanau County! Western facing sunset water views in Leelanau County!

280 S Stony Point Road, Suttons Bay – SOLD

SOLD SUTTONS BAY WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 6/16/2020
280 S Stony Point Road, Suttons Bay, MI – Completely Remodeled Home with 103’ on Suttons Bay
Asking Price: $1,075,000

This fully remodeled classic coastal lakefront home is the ideal Northern Michigan retreat offering panoramic sunset water views and 103’ of direct Suttons Bay water frontage located on desirable Stony Point Peninsula just minutes from downtown Suttons Bay!  A rare opportunity to purchase a recently renovated ~3,260 sq. ft., 4 bedroom, 4.5 bath waterfront home featuring an abundance of modern upgrades including a spacious great room with stunning unobstructed Bay views throughout, hardwood flooring, a new gas fireplace, entirely new luxury kitchen with stainless steel appliances, quartz countertops and custom built-ins, newly renovated baths, 3 master bedroom suites, finished walkout lower level, all new flooring throughout, new mechanicals, new plumbing, new electrical, and so much more! The low maintenance exterior features a new composite deck with glass railings, new shingles, new well & septic, and perfect topography for boat dockage. This unique property is ideal for boating and swimming and the home sits on its own small peninsula which makes you feel as if you are nearly on top of the water!

1431 S Bay View Trail, Suttons Bay – SOLD

SOLD SUTTONS BAY WATER VIEW HOME

LISTING SOLD by Oltersdorf Realty LLC on 2/13/2020
1431 S Bay View Trail, Suttons Bay, MI – Home with Elevated Water Views & Shared West Bay Access
Asking Price: $588,500

Stunning elevated 180 degree water views of West Grand Traverse Bay and Old Mission Peninsula are enjoyed from throughout this beautifully finished home offering ~3,065 finished sq. ft. of finished living area; a large living room with vaulted ceilings, hardwood flooring and a gas fireplace; a chef’s dream kitchen with high end Wolf and sub-zero stainless steel appliances, custom cherry Grabill cabinets, tiled glass backsplash, under cabinet lighting, large island, granite countertops, pantry and cork flooring; open dining area with custom built-in cabinetry and accent lighting; large windows and Andersen door walls offering spectacular Bay view’s and an abundance of natural light; 2 wonderfully remodeled master bedroom suites both with large walk-in closets and luxurious private baths; partially finished walk out lower level with a family room and storage areas; 3 season screened-in porch; partially fenced yard; generator; and 182’ of shared West Bay water frontage! An ideal primary or second home situated in a tranquil low maintenance cul-de-sac location with 5 exterior sitting/entertaining areas including “butterfly hill”!

10049 Fishers Run, Traverse City – SOLD

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 12/16/2019
10049 Fishers Run, Traverse City, MI – Newer 2,175 Sq Ft Home on 1.32 Acres
Asking Price: $375,000

This newer move-in ready west side home built in 2014 is conveniently located across the street from Westwoods Elementary School and just 2.0 miles from Long Lake public access! Home features include 3 bedrooms & 2 baths, 2,175 finished sq ft, an open great room with vaulted ceilings and a gas fireplace, open kitchen/dining with walnut wood floors & granite countertops, spacious main floor master bedroom suite with a tiled glass shower, main floor laundry, upstairs non-conforming 4th bedroom/office, large 320+ sq ft bonus room, and an oversized 3 car attached garage! The full unfinished basement offers potential for additional finished sq footage and is plumbed for an additional bath. Situated on a spacious 1.32 acre parcel with irrigation and a fenced-in rear yard!

1101 N Morning View Lane, Suttons Bay – SOLD

SOLD SUTTONS BAY HOME ON ACREAGE

LISTING SOLD by Oltersdorf Realty LLC on 10/16/2019
1101 N Morning View Lane, Suttons Bay, MI – Chalet Home on 12.37 Acres
Asking Price: $379,000

Town & Country quality built chalet home with northern white cedar log exterior siding! This 3 bedroom, 2.5 bath, 2,268 sq ft home is located on a beautiful 12.37 acre parcel offering a mixture of open, sloping, wooded topography & distant Bay views! Features include an open great room with cathedral ceilings & tongue-in-groove interior walls, stone fireplace, updated kitchen with stainless appliances & granite countertops, finished walkout lower level, and a new 2.5+ detached garage to go along with a 1 car attached garage! Wonderfully quiet location just 2.5 miles to Suttons Bay!

8224 S Southview Lane, Traverse City - SOLD

SOLD TRAVERSE CITY RANCH HOME

SOLD by Oltersdorf Realty LLC on 9/10/2019
8224 S Southview Lane, Traverse City, MI - 3 Bedroom, 2 Bath Raised Ranch Home
Asking Price: $250,000

Affordable move-in ready raised ranch home located between Suttons Bay & Traverse City in Elmwood Township! This 3 bedroom, 2 bath walkout ranch features 1,852 finished sq ft, 2 car attached garage, and nice privacy on a 0.92 acre parcel!

736 N Apple Tree Drive #9, Suttons Bay – SOLD

SOLD SUTTONS BAY CONDOMINIUM

LISTED & SOLD by Oltersdorf Realty LLC on 8/5/2019
736 N Apple Tree Drive #9, Suttons Bay, MI – Village of Suttons Bay Condominium
Asking Price: $289,000

Stunning year-round Village of Suttons Bay condominium featuring 1,700 sq ft, contemporary design, open great room with vaulted ceilings & skylights, bright & spacious kitchen with a snack bar & breakfast nook, convenient main floor master bedroom suite with shower & Jacuzzi, newer appliances, 2 bedrooms & 2.5 baths, newer furnace & water heater, all new Andersen windows & door wall, and a 2 car attached garage! Shared amenities include maintenance free living, 1200’ of sandy beach frontage, pool & hot tub, tennis courts, and optional marina use! All within a short walk to restaurants, library, shopping, theatre, and the Leelanau Trail!

5 E Juniper Trail, Leland - SOLD

SOLD DOWNTOWN LELAND HOME

SOLD by Oltersdorf Realty LLC on 11/10/2016
5 E Juniper Trail, Leland, MI – Downtown Leland Home Near N Lake Leelanau Water Access
Asking Price: $539,000

Charming cottage style Leland home offers wonderful privacy and 3 Village lots on a quiet tree lined street within one-half block of three N. Lake Leelanau beach accesses! This wonderful home features a large living/dining area with beadboard accents; main floor family room; fireplace; updated kitchen with maple cabinetry, granite countertops and stainless steel appliances; hardwood flooring throughout; 3 bedrooms, 2.5 newly remodeled baths; full basement; and beautiful brick paver patio & fire pit area!