1st Qtr 2013 Leelanau County Home Sales Stats & Data

January-March 1st Qtr 2013 Leelanau County Home Sales Data

The 2013 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, 2013 through March 31, 2013 to the same time period in 2012, 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, 2013 residential real estate sold in Leelanau County has increased significantly compared to this time period last year in terms of Total Units Sold (+6.4%) , and Residential Sales Volume (+30.1%).

Check back in July for a new market update.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2013. 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

1st Qtr 2013 Grand Traverse County Home Sales Stats & Data

January-March 2013 1st Qtr Grand Traverse County Home Sales Data

The 2013 1st Quarter (January 1 – March 31st) home sales data for Grand Traverse County has been posted in the graphs above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2013 through March 31, 2013 to the same time period in 2012,2011, 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, 2013 residential real estate sold in Grand Traverse County has increased significantly compared to this time period last year in terms of Median Sale Price (+7.1%),  Residential Units Sold (+20.3%) & Residential Sales Volume (+18.8%).

Check back in July for the next market update.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2013. 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

380 N Nanagosa Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERFRONT HOME

380 N Nanagosa Trail, Suttons Bay, MI - 102' on West Grand Traverse Bay
LISTING SOLD by Oltersdorf Realty, LLC on 4/30/2013
Asking Price: $595,000

Wonderful 4 bedroom, 3.5 bath, 3000+ sq ft home with 102’ of direct private frontage offers two main floor master bedrooms each with a private bath! An open floor plan features Bay view’s throughout most rooms, living and family rooms each with stone gas fireplaces, cathedral ceilings, hardwood flooring, partially finished basement, updated kitchen, screened porch, and a 3 car attached garage! Ideal location just outside of the charming Village of Suttons Bay within a popular low-traffic neighborhood on Stony Point Peninsula!

11620 E Smith Rd, Suttons Bay - SOLD

SOLD SUTTONS BAY HOME

11620 E Smith Rd, Suttons Bay, MI - 5 Acres Close To Suttons Bay
LISTED & SOLD by Oltersdorf Realty, LLC on 4/25/2013
Asking Price: $249,000

Nestled in the center of a rolling and wooded 5+ acre parcel on Stony Point Peninsula this home's very private setting offers beautiful distant countryside and partial Bay views! Home features include: hickory cabinetry, hardwood flooring, 3 bedrooms, 2.75 ceramic tiled baths, first floor living and family rooms, a partially finished basement with 4th & 5th non-conforming bedrooms and a second family room (den), 2.5+ car heated attached garage and an additional 2 car detached garage! Great location near the Village of Suttons Bay!

 

13056 S W Bay Shore Dr, Traverse City - SOLD

SOLD TRAVERSE CITY COMMERCIAL BUILDING

13056 S W Bay Shore Dr, Traverse City, MI 49684 - Commercial Building For Sale
LISTING SOLD by Oltersdorf Realty, LLC on 4/17/2013
Asking Price: $295,000

This affordable office building offers an excellent investment opportunity and an independent identity in the highly visible commercial gateway to Leelanau County in Elmwood Township. Features include water views, 1560 sq ft of quality office space, a/c, sewer, private well, u/g sprinkling and alarm system, 24’ x 32’ finished and heated garage with walk-in storage area and 9’ garage door. Ample on-site parking and close to restaurants, marinas, Township Parks, and within minutes to downtown Traverse City!

30 Acres on Stonehouse Rd, Suttons Bay - SOLD

SOLD SUTTONS BAY 30 ACRE VACANT PROPERTY

Stonehouse Rd, Suttons Bay, MI 49682 - 30 Acre Vacant Parcel
LISTING SOLD by Oltersdorf Realty, LLC on 4/12/2013
Asking Price: $150,000

  

A rare find, this 30 acre wooded and rolling building site offers large land division options, development potential or the ability to enjoy an estate size parcel for a primary or vacation retreat! All within a low traffic neighborhood of quality homes just outside the Village of Suttons Bay. Biking distance to the beach, restaurants, shopping, theater and schools!

1451 S Bay View Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW HOME

1451 S Bay View Trail, Suttons Bay, MI - Spectacular West Bay Views
LISTED & SOLD by Oltersdorf Realty, LLC on 4/10/2013
Asking Price: $384,000

Breathtaking 180 degree Bay Views over Old Mission Peninsula are enjoyed throughout this exceptionally maintained Leelanau County home located on a very private wooded lot offering natural landscape and unobstructed and controlled water views. Enjoy 2700+ sq ft of living area, 3 bedrooms, office with built-in Murphy bed, 2.75 baths, living and family rooms each with brick fireplaces, a large kitchen, open floor plan, walk out lower level and extra deep garage! Wonderful low traffic location on a county maintained road!

7710 E Sierra Dr, Traverse City, MI - SOLD

SOLD LAKE LEELANAU HOME

7710 E Sierra Dr, Traverse City - 100' on South Lake Leelanau

LISTED & SOLD by Oltersdorf Realty, LLC on 4/8/2013

Asking Price: $299,000

7710 E SIERRA DR Traverse City Leelanau County Lake Leelanau 2.JPG
7710 E SIERRA DR Traverse City Leelanau County Lake Leelanau 1.JPG
7710 E SIERRA DR Traverse City Leelanau County Lake Leelanau 3.JPG

This extremely private “up north” retreat offers families the opportunity to enjoy 100 feet of direct private walk out sandy frontage with southwestern exposure on beautiful South Lake Leelanau! Make use of the existing 500+ sq ft cabin while planning the construction of your Leelanau County dream home!

7748 N Cove Trail, Northport - NEW LISTING

NEW LISTING

$359,000 - 7748 N Cove Trail, Northport - 86' on Grand Traverse Bay

This secluded Leelanau County beachfront retreat on Grand Traverse Bay features a waterside living room with vaulted ceiling, large combination dining room/kitchen, 3 bedrooms and 2 full baths, unfinished basement, large waterside deck, and a storage shed!  Very private 466 ft deep lot with 86 feet of private frontage with a sandy beach area, beautiful sunrise views, drain field and private well!  Northern neighboring lot has meandering stream offering increased privacy for this home! Fantastic value!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING

512 N Lincoln St, Suttons Bay - SOLD

SOLD VILLAGE OF SUTTONS BAY HOME

512 N Lincoln St, Suttons Bay - Charming Village Home
LISTED & SOLD by Oltersdorf Realty, LLC on 3/29/2013
Asking Price: $164,500

LOCATION, LOCATION! Walk to dinner, theater, galleries, public beach, library and marina from this charming   1130 sq ft, 2 bedroom, 1.5 bath ranch home offering a 2 car attached garage on a wonderful  90’x 120’ Village lot!  Features of this well maintained home include a large open living area, oak kitchen cabinetry, all appliances including washer and dryer, a private well and public sewer!  A wonderful location for a primary or vacation home in downtown Suttons Bay!

9771 E Johnson Rd, Northport - SOLD

SOLD NORTHPORT HOME

9771 E Johnson Road, Northport, MI - Bank Owned Foreclosure
SOLD by Oltersdorf Realty, LLC on 3/29/2013
Asking Price: $110,000

Charming 1920’s Leelanau County farmhouse on 2.00 acres close to Northport! This 4 bedroom, 2 bath 1,300 sq ft bank owned foreclosure has beautiful wood floors throughout, open kitchen/ living room, and a private countryside setting!

Leelanau Named Michigan's Healthiest County 2013

Leelanau County Named Michigan's Healthiest County

Leelanau County was just named the healthiest County in Michigan based on health outcomes that include length of life, quality of life, and various health factors. The report was released by the Robert Wood Johnson Foundation and the University of Wisconsin. Grand Traverse County (Traverse City) is ranked #7.

The full criteria and additional information can be found on http://www.countyhealthrankings.org/

The Michigan section is located here: http://www.countyhealthrankings.org/app/michigan/2013/rankings/outcomes/overall/by-rank

March 2013 Home Inventory & Supply - Traverse City & Leelanau County

Home inventory/supply reaches 9 year low!

The current inventory of single family homes on the market in Northwest Lower Michigan is extremely low.  We haven’t had this few homes on the market since the spring of 2004! Please scroll down to view charts showing the current & historical amount of supply for houses located within Leelanau County, Grand Traverse County, and the City of Traverse City. 


LEELANAU COUNTY

 

GRAND TRAVERSE COUNTY

 

CITY OF TRAVERSE CITY

As of March 2013 some townships and counties are seeing a supply of homes ranging from 33% - 45% of what we had available for sale during the peak of supply in the summer of 2010. When you compare the low home supply with my previous posts showing record home sales numbers Leelanau County 2012 Home Sales & Grand Traverse County 2012 Home Sales we could be in for a roller coaster 2013. Unless we see a large increase in supply of new home listings hitting the market this spring we will see significant increases in values throughout our region in certain price segments as long as the overall economy stays stable. As of today we are seeing the greatest need of supply in the <$200,000 single family home segment within 15 minutes of downtown Traverse City.

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

Leelanau County Building Permits - 2012

2012 Leelanau County Building Permits

The Leelanau County Building Department is reporting that 376 permits were issued in 2012 at an estimated value of $32,051,234. Although the total number of permits issued decreased, the total estimated value had its highest year-end total since 2008.

Below you will find a chart totaling permits and estimated values of construction within Leelanau County from 2009 through 2012.

 

 

Oltersdorf Realty, LLC
http://www.Oltersdorf.com
Phone: 231-271-7777
E-mail: realestate@oltersdorf.com

2521 N Evergreen Valley Dr, Suttons Bay - SOLD

SOLD SUTTONS BAY HOME

2521 N Evergreen Valley Dr, Suttons Bay, MI - 5.19 Acres
LISTING SOLD by Oltersdorf Realty, LLC on 2/8/2013
Asking Price: $288,000

  

Ideal main floor living is offered throughout this newer home on 5+ acres featuring: 2400 finished sq ft, open living room with gasfireplace, private den with beautiful French doors and built-ins,3 bedrooms, 2.5 baths, oversized master bedroom suite, hardwood flooring and walkout lowerlevel! Outdoor/indoor living is enjoyed from a 450 sq ft covered screened porch with a custom outdoor fireplace! Very private ridge top location offers picturesque views over Leelanau County's beautiful rolling countryside!

2012 Leelanau County Home Sales

The 2012 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, 2012 through December 31, 2012 to the same time period in 2011,2010, 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, 2012 residential real estate sold in Leelanau County has increased significantly compared to 2011 in terms of Average Selling Price (+ 8.66 %) and Median Sale Price (+5.91 %).

We saw almost a $43 Million Dollar increases in total Residential Sales Volume (+ 57.00 %) over the final 2011 sales volume totals (huge increase). 117 more Residential Units sold in Leelanau County during 2012 (+ 44.45 %) than 2011!

2012 was a record year of home sales in Leelanau County and no other county in the Traverse City region saw as much of a one year percentage increase in home sales and volume as Leelanau! We look forward to a fantastic 2013!

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2009-2012. 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 Grand Traverse County & Traverse City Home Sales

The 2012 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, 2012 through December 31, 2012 to the same time period in 2011, 2010, and 2009. 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 increased significantly compared to 2011 in terms of Average Selling Price (+ 9.70 %) and Median Sale Price (+8.15 %). We also saw a $78 Million Dollar increases in total Residential Sales Volume (+ 39.02 %). WOW! Residential Units Sold in Grand Traverse County increased by 294 homes (+ 26.73 %) over final 2011 year-end numbers.

Clearly the Traverse Area Real Estate market has rebounded and although home values are still relatively flat the amount of homes selling and total sales volume has increased rapidly compared to 2011, 2010, and 2009. If the supply of single family houses for sale continues to decrease look for home prices to start to gradually increase throughout 2013.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2009-2012. 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 Leelanau County Waterfront Home Sales Data - Year End


The final 2012 waterfront home sales data is now in the books as we transition into 2013. How well did homes with private water frontage sell? The home sales statistics above compare waterfront real estate homes sold in Leelanau County from January 1, 2012 through December 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. Waterfront home sales that were included in the data are any single family home with private direct frontage or private across the road frontage. Houses located on ponds, creeks, or with shared frontage were not included.

In 2012 Leelanau County experienced a 85% increase in waterfront home sales dollar volume and a 63% increase in total waterfront homes sold compared to final 2011 figures! Numerous publications have highlighted the fact that Leelanau County is showing the largest increase in real estate home sales in 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 Grand Traverse County Waterfront Home Sales Data - Year End


The 2012 waterfront sales data has been finalized as we begin to look forward to the 2013 selling year. How well did homes with private water frontage sell in Traverse City? The home sales statistics above compare waterfront real estate homes sold in Grand Traverse County from January 1, 2012 through December 31, 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. Waterfront home sales that were included in the data are any single family home with private direct frontage or private across the road frontage. Houses located on ponds, creeks, or with shared frontage were not included.

In 2012 Grand Traverse County experienced a 38% increase in waterfront home sales dollar volume and over 33% increase in total waterfront homes sold compared to the final 2011 numbers! Although these statistics show exceptional increases in real estate sales, Grand Traverse County still trails Leelanau County in the percentage of improvement over 2011.

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