2014 Grand Traverse County Year End Home Sales

The 2014 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, 2014 through December 31, 2014 to the same time period in 2013, 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.

During 2014 Grand Traverse County Home Sales Volume  increased +9.75% over 2013's record setting figures. Average sales price is up +7.85% while Median Sales price is up +6.06%. Total number of units sold has increased +1.77%.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2014. 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

6321 N N Northstar Drive, Omena - SOLD

SOLD OMENA HOME

LISTED & SOLD by Oltersdorf Realty LLC on 1/30/2015
6321 N N Northstar Drive, Omena, MI
Asking Price: $122,000

Affordable Leelanau County home! This charming ~800+ sq ft home features 2 bedrooms, 2 baths, hardwood floors, vaulted ceilings, living and family rooms, 2 kitchens, and separate entrances with separate living spaces ideal for guests and/or shared family living, partially finished walk out lower level, and a large shed! Very private wooded parcel on quiet private drive just north of Omena! Sold As-Is. Hurry, this won't last long!

Lot 16 - Bay Valley Estates, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW VACANT LOT

LISTED & SOLD by Oltersdorf Realty LLC on 1/30/2015
Lot 16 - Bay Valley Estates, Suttons Bay, MI - West Grand Traverse Bay Views and Access
Asking Price: $95,000

Expansive sunrise views of West Bay and the Lee Point Peninsula are enjoyed from this partially wooded 2.05 acre building site! This exceptional very private, low traffic cul-de-sac location within Bay Valley Estates enjoys water and beautiful country side views, paved private roads, underground utilities including natural gas and ~700 feet of shared West Bay water frontage! An ideal location for a primary or second home only 10 minutes north of Traverse City in beautiful Leelanau County!!

Lot 82 - Central Park Drive, Grawn - SOLD

SOLD GRAWN VACANT LOT

LISTED & SOLD by Oltersdorf Realty LLC on 1/30/2015
Lot 82 Central Park Drive, Grawn - Shared Water Access
Asking Price: $17,900

   

This 182.5' x 75' wooded building site is on a low traffic road within 2 blocks of a couple water access points on Duck Lake! Neighborhood amenities include several waterfront parks for swimming, boat launch, tennis court, basketball court, and more! Great value!

11255 E Fort Road C-1, Suttons Bay - SOLD

SOLD SUTTONS BAY CONDO

LISTING SOLD by Oltersdorf Realty LLC on 1/27/2015
11255 E Fort Road C-1, Suttons Bay, MI - York Condominiums
Asking Price: $99,500

Highly desirable & affordable York Condominium end unit! This 3 bedroom, 2 bath condominium offers an open living room, main floor bedroom, laminate floors throughout, natural gas heat, A/C, and a finished walkout lower level. Located between Suttons Bay & Traverse City this popular complex offers a shared pool, tennis courts, and walking trails close to public water access! Association fees covers lawn care, snow removal, garbage, shared septic & well.

121 Lincoln Street, Suttons Bay - SOLD

SOLD VILLAGE OF SUTTONS BAY HOME

SOLD by Oltersdorf Realty LLC on 1/26/2015
121 Lincoln Street, Suttons Bay, MI - Bank Forecosure
Asking Price: $97,900

Rare Village of Suttons Bay foreclosure! This bank owned 3 bedroom, 1 bath, 1100 sq ft fixer upper is located just blocks from the main street in the charming Village of Suttons Bay! The home needs quite a bit of work but could make a nice investment property!

2014 Leelanau County Building Permits

2014 LEELANAU COUNTY BUILDING PERMITS

The Leelanau County Building Department is reporting that 506 permits were issued in 2014 at an estimated value of $42,283,906.

Below you will find a chart totaling permits and estimated values of construction within Leelanau County from 2007-2014!

BUILDING VOLUME

 PERMITS ISSUED

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

676 S Lake Leelanau Drive, Lake Leelanau - SOLD

SOLD LAKE LEELANAU WATERFRONT HOME

 SOLD by Oltersdorf Realty LLC on 1/20/2015
676 S Lake Leelanau Drive, Lake Leelanau, MI - 150' on South Lake Leelanau
Asking Price: $415,000

Charming Lake Leelanau Cottage! This 1950’s home offers 150 feet of private direct frontage on South Lake Leelanau with desirable sunset views, 3 bedrooms, 1 bath, and plenty of room for expansion! A 273 sq ft guest cottage offers extra room on this deep parcel located in central Leelanau County! Fantastic turn-key vacation rental property only minutes from Leland, Suttons Bay, & Omena and only a short drive to downtown Traverse City & Glen Arbor / Sleeping Bear Dunes!

*Photos provided by Leelanau Dream LLC

S Popp Road, 60 Acres, Lake Leelanau - NEW LISTING

SOLD LAKE LEELANAU ACREAGE

LISTING SOLD by Oltersdorf Realty LLC on 1/20/2015
S Popp Road & E Linguar Road, Lake Leelanau, MI - 60 Acres
Asking Price: $250,000

Fantastic value for this 60 acre agricultural parcel just 2 miles from downtown Lake Leelanau on the northeast corner of S Popp Road and E Lingaur Road! Surrounded by neighboring orchards the variety of topography offers it all: rolling, flat, pines, hardwoods, & open land! Beautiful location in the center of Leelanau County!

Record Eagle Article: 1/17/2015

Traverse City Record Eagle:
Real Estate Rebound Continues After Recession

The Traverse City Record Eagle had a short article in Saturday's (1/17/2015) edition briefly highlighting the end of the year statistics. Their reporter Carol Thompson called our office and spoke with Vicky Oltersdorf regarding the 2014 year-end and the future outlook for 2015. Here is the excerpt of the published portion of the interview.

Oltersdorf Realty broker Vicky Oltersdorf said real estate sales remained strong in November and December, a time when the market usually dips. Calm December weather may be the reason for the uptick.

“We have not had a slowdown,” Oltersdorf said. “December was extremely strong and I’m hoping it will be a very strong January.”

Oltersdorf works in Leelanau and Grand Traverse counties. She said homes in good condition in agricultural areas (vacant land acreage) are in high demand across both counties, but the Northport market saw significant growth.

“Northport really came a long way this year,” she said. “Northport is moving really nicely.”

You can read the full article here: http://www.record-eagle.com/news/business/real-estate-rebound-continues-after-recession/article_429da7b9-91ee-546b-95b3-fa8e0dc40d6c.html

Current Mortgage Rates - 1/15/2015

Current 30 Year Fixed - Home Mortgage Rates (Average)

The national average interest rate for a 30 year fixed mortgage has been slowly creeping down for the last 12 months to the current average rate of just under 3.75%. The graph above shows the 5 year history of average mortgage rates in the United States.

600 E Front Street, Unit #37, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY WATER VIEW CONDO

SOLD by Oltersdorf Realty LLC on 1/8/2015
600 E Front Street, Unit #37, Traverse City - Downtown Water View Condominium
Asking Price: $850,000

Stunning Downtown Traverse City penthouse offers that convenient lifestyle you have been looking for! This rooftop condominium offers sweeping water views of West Grand Traverse Bay, one floor living, 2 bedrooms, 2 baths, 1888 sq ft, modern finishes, and rare attached garage situated just blocks from the beaches, restaurants, shopping, and entertainment of downtown Traverse City!

766 N Deer Path, Suttons Bay – SOLD

SOLD VILLAGE OF SUTTONS BAY CONDO

SOLD by Oltersdorf Realty LLC on 1/14/2015
766 N Deer Path, Suttons Bay - Suttons Bay Yacht Club Condominium
Asking Price: $234,900

Beautifully updated Suttons Bay Yacht Club Condominium offers 2 bedrooms, 2 baths, 1440 sq ft, bright and cheerful colors, one car detached garage, and much more! Association amenities include an in-ground pool with sweeping bay views, sandy beach access on Suttons Bay, tennis courts, fishing pond, and all exterior maintenance!

*Photos courtesy of the Traverse Area Association of Realtors.

Leelanau County - Highest Real Estate Sales of 2014

Leelanau County - Highest Real Estate Sales of 2014

2015 has arrived! Let’s go back and look at the highest real estate sales in Leelanau County that occurred during 2014. This list includes houses, vacant land, and commercial real estate listings. The final overall 2014 sales statistics will be posted on this blog once they are finalized by our MLS in a few weeks so please check back!

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service in 2014. 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.

Click Here to View Listings & Photos

Address	Ask Price	MLS #	Type	County	Township	# Acres	Waterfront
12935 S W Bay Shore Drive	$6,950,000	1780895	OFF	Leelanau	Elmwood	4.76	Y
12687 E Magic Carpet Court	$3,498,000	1729488	RES	Leelanau	Leelanau	3.7	Y
5207 N Manitou Trail	$3,900,000	1738096	RES	Leelanau	Leland	14	Y
2011 N Wardens Point Road	$2,175,000	1784025	RES	Leelanau	Leland	1.58	Y
5196 N Manitou Trail	$1,495,000	1787137	VAC	Leelanau	Leland	2	Y
5833 W Northwood Drive	$1,595,000	1777456	RES	Leelanau	Glen Arbor	1.4	Y
1 South Beach	$1,500,000	1786814	RES	Leelanau	Glen Arbor		Y
3410 N Manitou Trail	$1,497,000	1787973	RES	Leelanau	Leland	1.3	Y
1229 N Leland Estates Drive	$1,325,000	1788870	RES	Leelanau	Leland	5.19	Y
13380 S W Bay Shore Drive	$1,285,000	1747879	MU	Leelanau	Elmwood	11.45	Y

Grand Traverse County - Highest Real Estate Sales of 2014

Grand Traverse County - Highest Real Estate Sales of 2014

2015 has arrived! Let’s go back and look at the highest real estate sales in Grand Traverse County (Traverse City) that occurred during 2014. This list includes houses, vacant land, and commercial real estate listings. The final overall 2014 sales statistics will be posted on this blog once they are finalized by our MLS in a few weeks so please check back!

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service in 2014. 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.

Click Here to View Listings & Photos

Address	Ask Price	MLS #	Type	County	Township	# Acres	Waterfront
15634 Smokey Hollow Road	$3,900,000	1746803	VAC	Grand Traverse	Peninsula	81.21	Y
1402 Carlisle Road	$2,600,000	1792549	MU	Grand Traverse	East Bay	25	N
1561 Laitner Drive	$2,395,000	1786746	IND	Grand Traverse	Garfield	2.66	N
10306 Stoneybeach Pointe	$1,775,000	1782566	RES	Grand Traverse	Peninsula	1.54	Y
15411 Kroupa Road	$1,500,000	1745747	RES	Grand Traverse	Peninsula	95	Y
12586 Center Road	$1,495,000	1789608	RES	Grand Traverse	Peninsula	58.29	N
16842 Smokey Hollow	$1,400,000	1782795	RES	Grand Traverse	Peninsula	3.08	Y
523 Eastwood Shores	$1,199,500	1784681	RES	Grand Traverse	Long Lake	0.53	Y
7307 Peninsula Drive	$1,195,000	1782592	RES	Grand Traverse	Peninsula	0.39	Y
2841 Forest Lodge Drive	$1,125,000	1748964	RES	Grand Traverse	Long Lake	3.67	Y

392 S Lake Leelanau Drive, Lake Leelanau - NEW LISTING

SOLD SOUTH LAKE LEELANAU WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 1/12/2015
392 S Lake Leelanau Drive, Lake Leelanau, MI - 330' on Lake Leelanau
Asking Price: $579,000

Expansive Lake Leelanau views are enjoyed with this rare estate size 2.10 acre parcel and charming cottage offering 330’ of direct walkout frontage, privacy, and western facing sunset views on Lake Leelanau! The quaint existing cottage and guest house offers 2 bedrooms, appealing knotty pine interior, vinyl siding, basement, 2 car garage, and a drain field, all in a beautiful park like setting with plenty of room for expansion!

1.90 Acres on S Lee Point Road, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERFRONT PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 1/6/2015
S Lee Point Road, Suttons Bay - 100' on West Grand Traverse Bay
Asking Price: $229,000

This 1.9 acre waterfront building site offers rare southern facing panoramic views of West Grand Traverse Bay and 100’ of private across the road water frontage on a quiet 35 mph low traffic county maintained roadway!  With room for additional accessory outbuildings and more, this amazing very private 835’ deep wooded parcel offers wonderful building potential for a primary or a vacation home. Property backs to large acreage parcel and is a nature lovers paradise!

4730 Rokos Court, Traverse City - SOLD by Oltersdorf Realty LLC

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 1/2/2015
4730 Rokos Court, Traverse City, MI - Ranch Home
Asking Price: $199,000

Location, location, location! Situated just 4 miles west of downtown Traverse City this beautifully maintained ranch home features 1,973 sq ft of finished living space, 3 bedrooms, 2.5 baths, a finished walkout lower level, 2 car attached garage, extensive landscaping, shed, and a newly installed sprinkler system! Close to schools, shopping, entertainment, Munson, and more!

10745 S Timberlee Drive, Traverse City - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 12/23/2014
10745 S Timberlee Drive, Traverse City
Asking Price: $99,900

Fantastic location for this Cherry Square condo located close to Traverse City in Leelanau County with lakefront membership access on South Lake Leelanau! Condominium features include 4 bedrooms, 1.5 bath, new kitchen with granite countertops, new carpeting, unfinished basement, and much more!

*Photos courtesy of the Traverse Area Association of Realtors.

8127 S Shoreside Drive, Traverse City - SOLD

SOLD TRAVERSE CITY WATER VIEW LOT

SOLD by Oltersdorf Realty LLC on 12/23/2014
8127 S Shoreside Drive, Traverse City, MI
Asking Price: $80,000

Beautiful elevated vacant building site with water views of West Grand Traverse Bay and Power Island only 10 minutes from Traverse City in popular Lakeview Hills within Leelanau County. This parcel already has a driveway installed, an older well and drain field, and includes 231' of shared West Grand Traverse Bay water frontage!