486 S Lake Leelanau Dr, Leelanau County - SOLD

SOLD LAKE LEELANAU WATERFRONT HOME

486 S Lake Leelanau Dr, Lake Leelanau, MI
250' on South Lake Leelanau
HOME SOLD by Oltersdorf Realty, LLC on 8/1/2012
Asking Price: $447,500

 


Beautiful estate sized waterfront parcel on South Lake Leelanau with 250 feet of private water frontage and 1.60 acres of privacy! Mid century cottage with 5 bedrooms, 1 bath, and 1500 sq ft of finished living space. Great Suttons Bay Township location in Leelanau County only minutes to the town of Lake Leelanau and the Village of Suttons Bay.

2nd Qtr YTD 2012 Leelanau County Home Sales Data

January-June 2012 Leelanau County Home Sales Data

The 2012 YTD 2nd Quarter (January 1 – June 30) home sales data have been posted in the graphs above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2012 through June 30, 2012 to the same time period in 2011 and 2010. 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, 2012 residential real estate sold in Leelanau County has increased significantly compared to 2011 in terms of Average Selling Price (+ 0.28 %) and Median Sale Price (+14.15 %). We also saw a $8.401 Million Dollar increases in total Residential Sales Volume (+ 28.04 %). 31 more Residential Units Sold in Leelanau County so far this year (+ 27.67 %). compared to this point in 2011.

The outlook for the rest of 2012 looks very promising after reviewing these statistics and combining them with my blog post from May 1st, 2012 showing a decrease in Single Family home supply throughout the region.

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.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

2012 YTD Grand Traverse County / Traverse City Home Sales Data

January-June 2012 Grand Traverse County & Traverse City Home Sales Data

 

The 2012 2nd Quarter YTD (January 1 – June 30) home sales data for Grand Traverse County have been posted in the graphs above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2012 through June 30, 2012 to the same time period in 2011 and 2010. 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.

As you will notice in the housing sales data posted above, 2012 residential real estate sold in Grand Traverse County has increased significantly compared to 2011 in terms of Average Selling Price (+ 9.6 %) and Median Sale Price (+5.75 %). We also saw almost a $27 Million Dollar increases in total Residential Sales Volume over this point in 2011 (+ 30.75 %). Residential Units Sold in Grand Traverse County increased by 97 homes (+ 19.2 %).

Click Here for: Updated 2012 Grand Traverse Home Sales Data - Posted October 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.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

E Spinnaker Ln, Suttons Bay - NEW LISTING

NEW LISTING

$99,000 - E Spinnaker Ln, Lot #3, Suttons Bay, MI - Water Views of West Grand Traverse Bay

Elevated sweeping West Bay and Old Mission Peninsula views are offered from this Suttons Bay building site situated on desirable Stony Point Peninsula. Located in “The Points” development on a paved county maintained road this parcel is only minutes to public water access and the Village of Suttons Bay and only a short distance to Traverse City. Underground natural gas and cable is available, building restrictions protect the quality of view. Build your dream home or prepare for future construction today!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING

1001 Lexington Dr, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

1001 Lexington Dr, Traverse City, MI
HOME SOLD by Oltersdorf Realty, LLC on 7/13/2012
Asking Price: $179,900

This move-in ready family home is located on a 1.00 acre double lot in a quiet location at the back of Birmley Hills only a few miles south of Downtown Traverse City. Home features include 3 bedrooms, 2 baths, gas fireplace, underground sprinklers, A/C, full unfinished basement, 2 car attached garage, and a beautiful rear patio!

7277 S W Bay Shore Dr, Traverse City - SOLD

SOLD TRAVERSE CITY WATERFRONT HOME

7277 SW Bay Shore Dr, Traverse City, MI
200' on West Grand Traverse Bay
LISTING SOLD by Oltersdorf Realty, LLC on 7/12/2012
Asking Price: $519,000

200 feet of West Grand Traverse Bay private water frontage is enjoyed with this beautiful contemporary home offering over 3200 sq feet offinished living area, 4 bedrooms, 4 baths, 2 fireplaces, hardwood flooring, a finished walkout lower level with kitchenette, large wrap around deck, a wonderfully landscaped yard with perennial gardens, brick pavers patio, u/g sprinkling system and sandy beach area! Ideal primary or second home within 6.5 miles of Traverse City in beautiful Leelanau County!

1027 S Nanagosa Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERFRONT HOME

 1027 S Nanagosa Trail, Suttons Bay, MI
 100' on West Grand Traverse Bay
LISTING SOLD by Oltersdorf Realty, LLC on 7/10/2012
Asking Price: $397,000

  

This contemporary cedar sided year round home offers a living/dining area with two story cathedral ceilings, 1823+ sq ft of finished living area, a main floor master bedroom suite, waterside year round sun room, 3 bedrooms, 2.5 ceramic tiled baths, basement, oversized 2 car attached garage, large waterside decks and 100 feet of direct frontage on West Grand Traverse Bay! Tranquil very private waterfront setting with English gardens creates an additional outdoor recreational space!

6528 S Lake Leelanau Drive, Traverse City - SOLD

SOLD SOUTH LAKE LEELANAU WATERFRONT PARCEL

6528 S Lake Leelanau Drive, Traverse City, MI
100 feet of direct private frontage on South Lake Leelanau
PARCEL SOLD by Oltersdorf Realty, LLC on 7/6/2012
Asking Price: $224,000


Fantastic 0.75 acre South Lake Leelanau building site with 100 feet of direct private water frontage and sunset views over Lake Leelanau! Great central Leelanau County location only minutes to Suttons Bay or Traverse City!

7888 W Welch Rd, Empire - SOLD

SOLD GLEN LAKE WATERFRONT HOME

 7888 W Welch Rd, Empire, MI
107 feet of direct frontage on Glen Lake
HOME SOLD by Oltersdorf Realty, LLC on 7/3/2012
Asking Price: $1,035,000

 

Beautiful custom home built in 2003 with 107 feet of private water frontage on Little Glen Lake in picturesque Leelanau County. Additional features include: 3000+ sq ft, 4 bedrooms and 3.5 baths, guest cottage, two car garage, 2.02 acre parcel and more! Fantastic location only minutes to Glen Arbor and the Sleeping Bear Dunes National Lakeshore!

12380 S W Bay Shore Dr, Traverse City - SOLD

SOLD CEDAR LAKE WATERFRONT HOME

 12380 S W Bay Shore Dr, Traverse City, MI
108 feet of direct frontage on Cedar Lake
HOME SOLD by Oltersdorf Realty, LLC on 7/2/2012
Asking Price: $1,250,000

  

Convenient Leelanau County waterfront home only minutes from downtown Traverse City! Home features include: new construction with 108 feet of private frontage on Cedar Lake, 1.86 acre parcel, 4145 finished sq ft, unfinished walkout lower level, 3 car garage, and countless top of the line features throughout.

1125 S Nanagosa Trail, Suttons Bay - NEW LISTING

NEW LISTING

$355,000 - 1125 S Nanagosa Trail, Suttons Bay - 100' on West Grand Traverse Bay

This 1,286 sq ft 3 bedroom & 2 bath Lindal Cedar home enjoys quality tongue and grove cedar ceilings and walls, beautiful water views and 100 feet of private frontage on West Grand Traverse Bay. Sunrise views over Old Mission Peninsula are enjoyed throughout most rooms of the home and the two waterfront decks! An ideal year round or vacation retreat located in a wonderful neighborhood, on a quiet, low traffic paved road. A great location 15 minutes to TC and just minutes to Suttons Bay Village!

 

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING

Michigan Beach Grooming Legislation -SB 1052

Michigan Beach Grooming Legislation

SB 1052 has been passed by the Michigan Senate and the Michigan House and is currently on its way to Governor Rick Snyder for approval.

Lakefront vegetation has become more of an issue in recent years in Leelanau County and Grand Traverse County as water levels have receded exposing more shoreline and lake bottom allowing plants to grow. Previously a permit was required to remove vegetation. The new bill allows property owners on Lake Michigan (West Grand Traverse Bay & East Grand traverse Bay) to remove vegetation without a state permit.

The latest version of the legislation specifically says that the state or a local government may not regulate

• Leveling sand, removing vegetation, grooming soil, or removing debris, in an area of unconsolidated material predominantly composed of sand, rock, or pebbles, located between the ordinary high-water mark and the water's edge, or the
• Mowing vegetation between the ordinary high-water mark and the water's edge.

To read the full 27 page bill as passed by the house and senate on June 14, 2012 please click the following link: http://www.legislature.mi.gov/documents/2011-2012/billconcurred/Senate/pdf/2012-SCB-1052.pdf

10515 S Monaco Way, Traverse City, Leelanau County - SOLD

SOLD TRAVERSE CITY VACANT LOT

 10515 S Monaco Way, Traverse City, MI
Shared Water Access - La Riviera West
LISTING SOLD by Oltersdorf Realty, LLC on 6/7/2012
Asking Price: $85,000

This densely wooded Elmwood Township building site offers a Very Private Setting in the Desirable La Riviera West Development! A great location just minutes north of Traverse City in Leelanau County offering 550’ of shared West Bay frontage with optional boat dockage! A gently sloping terrain provides unlimited potential for building your dream home with wonderful natural, maintenance free or landscaped grounds.

W Jefferson Ave, Suttons Bay - SOLD

SOLD SUTTONS BAY VACANT LOT

W Jefferson Ave, Suttons Bay, MI 49682
2.8 Acre Bank Owned Foreclosure within the Village of Suttons Bay
LISTING SOLD by Oltersdorf Realty, LLC on 5/29/2012
Asking Price: $85,000

This gently sloped ~2.8 acre building site located on a paved private drive within the Village of Suttons Bay in Leelanau County offers a wonderful mix of hardwoods and potential second floor seasonal water views!  Exceptionally large parcel enjoys a very private, tranquil setting within a short walk to restaurants, shops, marina, beach, theater and schools!  Call or e-mail for details!

1535 S Donnybrook Rd, Suttons Bay - SOLD

 SOLD SUTTONS BAY WATERVIEW HOME

1535 S Donnybrook Rd, Suttons Bay, MI 49682
Water Views and Shared Frontage on West Grand Traverse Bay
LISTING SOLD by Oltersdorf Realty, LLC on 5/23/2012
Asking Price: $279,000

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One level living is enjoyed within this beautiful 2900 sq ft ranch homes open floor and flowing floor plan offering water views and shared Bay frontage, a living room with vaulted ceilings and fireplace; beautifully remodeled kitchen with quartz counter tops, appliances, breakfast bar and hardwood flooring; 2.5 updated ceramic tiled baths, a large family/recreation room, a/c, and a very private yard with large deck, perennial gardens, gazebo and underground sprinkling system. Fantastic Leelanau County location only a short drive to Traverse City!

Deb's Dish - Suttons Bay Business - SOLD

SOLD SUTTONS BAY BUSINESS

Deb's Dish - 100A S Cedar St, Suttons Bay - Business For Sale
LISTING SOLD by Oltersdorf Realty, LLC on 5/18/2012
Asking Price: $47,000

Established Coffee Shop/Bakery business in Suttons Bay! Excellent high traffic location with loyal year-round customer base. Turn-key operation includes: all improvements, fixtures, and equipment! Now is the time to own your own Leelanau County business! Real Estate is not included.

New Listing: N Cathead Bay Dr, Lot 22, 100' on Lake Michigan

NEW LISTING

$258,000 - N Cathead Bay Dr, Lot 22, Northport MI - 100' on Lake Michigan


Complete relaxation and tranquility are enjoyed with this private, Lake Michigan direct waterfront building site which has been prepared for future construction! Cathead Bay is a fantastic location at the northern tip of pristine Leelanau County offering picturesque sunset water views and the sounds of Lake Michigan, a true nature lover’s paradise! Quick access to over 1300 acres of trails and beaches within the nearby Leelanau State Park which is ideal for hiking, cross country skiing, fishing and camping!

PLEASE CLICK HERE TO VIEW ADDITIONAL INFORMATION ON THIS NEW LISTING

Single Family Home Supply - Leelanau & Traverse City

Single Family Home Supply Declines

THIS POST WAS UPDATED ON 8/3/2012 AND YOU CAN FIND THE UPDATED HOME SUPPLY DATA BY CLICKING HERE

LEELANAU COUNTY

 

GRAND TRAVERSE COUNTY


DOWNTOWN TRAVERSE CITY


Not only is sales volume up 58.6% in Leelanau County and 17.3% in Grand Traverse County so far in 2012 over 2011(see previous post here: Leelanau County & Grand Traverse County) but single family home supply is on a 3 year downward trend in both Leelanau County and Grand Traverse County  (see graphs above). Leelanau County currently has 497 active single family homes for sale down from a high of over 700+ in the summer of 2009. Grand Traverse County (Traverse City) currently has 1,224 active single family homes for sale down from 2,000+ in the summer of 2009. I have also included the single family home data for houses within the city limits of downtown Traverse City. This post was updated on 8/3/2012 HERE.


Click Here for: Updated 2012 Grand Traverse Home Sales Data - Posted October 2012

Jonathan Oltersdorf
Oltersdorf Realty LLC
231-271-7777
E-Mail: Jonathan@Oltersdorf.com

 

 

8882 S West-Bay Shore Dr, Leelanau County - SOLD

 SOLD TRAVERSE CITY WATERVIEW HOME

8882 S West-Bay Shore Dr, Traverse City, MI 49684
LISTING SOLD by Oltersdorf Realty, LLC on 4/26/2012
Asking Price: $78,800

Unbelievable Leelanau County / Elmwood Township investment opportunity! This extremely affordable ranch home offers expansive 180 degree West Grand Traverse Bay water views, water/beach access without the tax burden, 2 bedrooms, 1 bath, 2 car garage, hardwood floors, fireplace, newer roof, and a waterside deck! Bank owned foreclosure needs a little TLC but will make a great summer rental or vacation home!

8882 S West-Bay Shore Dr, Traverse City

Jan-March 2012 Leelanau County Home Sales Stats & Data

January-March 1st Qtr 2012 Leelanau County Home Sales Data

The 2012 1st Quarter (January 1 – March 31st) home sales data have been posted in the graphs above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2012 through March 31, 2012 to the same time period in 2011 and 2010. 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, 2012 residential real estate sold in Leelanau County has increased significantly compared to 2011 in terms of Average Selling Price (+ 9.2 %) and Median Sale Price (+21.5 %). We also saw a $6.285 Million Dollar increases in total Residential Sales Volume (+ 58.6 %). 19 more Residential Units Sold in Leelanau County so far this year when compared to Jan-March 2011.

With the limited size of the real estate market in Leelanau County a couple of high sales can skew the data quite a bit. We should have more of a understanding on how well the real estate market is performing compared to 2011 & 2010 once we analyze the mid year numbers (January - June) in a couple of months. So far the early warm weather has brought with it a great spring for home sales!

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.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com