775 S Village View Court, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW PARCEL

LISTED & SOLD by Oltersdorf Realty LLC on 3/31/2016
775 S Village View Court, Suttons Bay, MI - Sunset Water Views & 3.60 Acres
Asking Price: $119,000

Panoramic western facing sunset views of “The Bay” & The Village of Suttons Bay are enjoyed from this beautiful 3.60 acre building site offering stunning water views and a gently sloping landscape of meadows surrounded by orchards! Village View is a small neighborhood of quality homes featuring paved roads, natural gas, underground electric, high speed cable, just minutes to Suttons Bay and a within a short drive to Traverse City!

N Manitou Trail, Leland - NEW LISTING

The best of both worlds are enjoyed with this exceptional 2.5 acre building site offering 159 feet of private, North Lake Leelanau water frontage and shared Lake Michigan sandy beach frontage at the end of the private road! This ideal building site located within Leland Township is enhanced by slightly elevated, completely controlled year round water views and sandy private water frontage perfect for boating and swimming! Adjoins large natural Leelanau Conservancy Clay Cliff Preserve. All within 2 miles of the quaint Leland Village, shops, restaurants and marina!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

12039 S Elk Run, Traverse City, MI - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 3/3/2016
12039 S Elk Run, Traverse City, MI - Cedar Creek Condominium
Asking Price: $284,900

Highly desirable walkout ranch style condominium in one of the most private locations within Cedar Creek Commons! This Elmwood Township condo is located at the base of Leelanau County near downtown Traverse City and features 3 bedrooms, 3 baths, ~2,500 finished sq ft of living space, attached 2 car garage, 2 fireplaces, new roof, and a private screened in porch with woods views.

*Listing Photos provided by Real Estate One Traverse City - Source: Northern Great Lakes Realtors MLS.

2015 Leelanau County Year End Home Sales

The 2015 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, 2015 through December 31, 2015 to the same time period in 2014, 2013, 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.

2015 Leelanau County Home Sales Volume decreased -0.23% over 2014's record setting figures and total units/houses sold was up +1.00%. The average sales price has decreased -1.21% and median sales price increased +3.63% over last year. Overall 2015 was a great year for real estate sales in Leelanau County but the unbelievable growth in Grand Traverse County in 2015 is hard to ignore.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2015. 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

2015 Grand Traverse County Year End Home Sales

The 2015 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, 2015 through December 31, 2015 to the same time period in 2014, 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.

It was a fantastic year for real estate home sales in 2015 and Realtors in Traverse City kept very busy! During 2015 Grand Traverse County Home Sales Volume increased +15.15% over 2014's record setting volume. Average sales price was up +6.35% while Median Sales price was up +5.28%. Total number of units sold increased +8.27%.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2015. 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

Leelanau County & Traverse City Home Inventory 2003-2016

LEELANAU COUNTY
HOME INVENTORY
All Residential Listings 2003-2016

GRAND TRAVERSE COUNTY (TRAVERSE CITY)
HOME INVENTORY
All Residential Listings 2003-2016

Single family home inventory and condominium inventory continues to decline throughout Leelanau County, Grand Traverse County, and within the City of Traverse City. As of February, 2016 Leelanau County & Grand Traverse County (Traverse City) home inventory is at a 10+ year low.

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

7164 Cherrywood Court, Traverse City, MI - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 2/11/2016
7164 Cherrywood Ct, Traverse City, MI - Old Mission Peninsula Condominium
Asking Price: $120,000

This affordable “Cherrywood” condominium is located at the base of desirable Old Mission Peninsula only minutes to downtown Traverse City! Features include one floor living with 1084 finished sq ft, 2 bedrooms, 2 baths, private master bath, fireplace, attached garage, and a full unfinished basement. *Listing Photos provided by Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

Mortgage Rates 2003-2015

Average 30-Year Fixed Mortgage Rates
2003-2015

Most industry experts are predicting interest rates to climb to 4.7% - 5.0% in 2016 after an annual average of 3.85% throughout 2015. The highest mortgage rates were set in 1981 when they averaged 16.63%.

*Data provided by FreddieMac

Leelanau County Waterfront Home Sales 2011-2015

Total Sales Volume in $ Millions

Total Number of Houses Sold

Inland Lakes, Grand Traverse Bay, Lake Michigan

Leelanau County Waterfront Home Sales 2011-2015 for houses with private water frontage on all Inland Lakes, Grand Traverse Bay, and Lake Michigan. This includes Traverse City, Suttons Bay, Omena, Northport, Leland, Lake Leelanau, Cedar, Maple City, Glen Arbor, and Empire.

5155 Matthew Drive, Traverse City, MI - SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 1/22/2016
5155 Matthew Drive, Traverse City, MI
Asking Price: $210,000

This 3 bedroom, 2 bath meticulously maintained ranch home is located on a beautiful wooded 1 acre parcel just west of Traverse City. Home features include a private master bath, large kitchen, new flooring and paint throughout, full unfinished basement, irrigation and water feature, 2 car garage, and main floor living!

3967 Hidden Creek Dr, Traverse City, MI – SOLD

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 1/22/2016
3967 Hidden Creek Drive, Traverse City, MI
Asking Price: $349,000

This wonderful 4 bedroom, 3 bath walkout ranch home offers 3800 sq. ft. of finished living area, living room with vaulted ceilings & fireplace, open floor plan, hardwood flooring, private master bedroom suite, main floor laundry, and an over sized 3 car attached garage. The finished walk out lower level features large egress windows, family/game room, tall ceilings, and unfinished storage space. Very private parcel adjacent to an association creek & common space in an exceptional location near schools, shopping, and the new YMCA!

1451 S Bay View Trail, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW HOME

LISTED & SOLD by Oltersdorf Realty LLC on 12/28/2015
1451 S Bay View Trail, Suttons Bay, MI - Elevated Water Views of West Bay & Old Mission
Asking Price: $409,000

Breathtaking 180 degree Bay Views over Old Mission Peninsula are featured throughout this exceptional home located on a very private wooded lot offering natural landscape and fully controlled unobstructed water views. Enjoy an open floor plan, 2700+ sq. ft. of finished living area, living and family rooms each with brick fireplaces, a large kitchen, 3 bedrooms, office with built-in Murphy bed, 2.75 baths, walk out lower level and extra deep garage! Wonderful low traffic location on a county maintained cul-de-sac and access to 182' of shared frontage on West Bay!

1206 Clinch Street, Traverse City, MI – SOLD

SOLD DOWNTOWN TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 12/30/2015
1206 Clinch Street, Traverse City, MI - 3 Bedroom Home Downtown
Asking Price: $137,000

Fantastic starter or retirement home close to downtown Traverse City! Within a short bike ride of downtown this 3 bedroom, 1 bath home features a wood burning stove, hardwood floors, cozy living room, partial basement, huge rear yard, and an extra deep 1 car garage!

Photos provided by the Traverse Area Association of Realtors.

S Lakeview Ridge Lot 12, Traverse City - SOLD

SOLD TRAVERSE CITY VACANT LOT

LISTING SOLD by Oltersdorf Realty LLC on 12/15/2015
S Lakeview Ridge Trail, Lot 12, Traverse City, MI
Asking Price: $29,500

A beautiful rolling valley of mature pines offers a wonderful, very private setting to build your dream home. Low traffic neighborhood of quality homes features: underground utilities, including natural gas, electric, phone and cable and paved private road! Great location within minutes of TC, the Village of Suttons Bay and Lake Leelanau access! Call Oltersdorf Realty, LLC for details on school district options. Soil evaluation and survey on file.

2176 N Beaudwin Creek Drive, Suttons Bay - SOLD

SOLD LAKE LEELANAU RANCH HOME

SOLD by Oltersdorf Realty LLC on 11/30/2015
2176 N Beaudwin Creek Drive, Lake Leelanau - Walkout Ranch on 3.07 Acres
Asking Price: $259,000

This newer 3,100+ sq ft ranch home on 3.07 acres features an open living room with a wood burning stove, 3 main floor bedrooms, 3.5 baths, den, large master bedroom with a walk-in closet and private bath with a soaking tub & shower, maple hardwood flooring, solid doors, pine trim, Hickory kitchen cabinetry, zoned heating, covered porches, and a 2 car attached garage. The partially finished walkout lower level offers 8’ finished ceilings, full bath, and unfinished storage space. Situated in a tranquil Leelanau County countryside setting within minutes to Leland, Suttons Bay, Lake Leelanau, Omena, and Northport!

895 N Bay Cliff Drive #23, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERVIEW CONDOMINIUM

LISTED & SOLD by Oltersdorf Realty LLC on 11/20/2015
895 N Bay Cliff Drive #23, Suttons Bay - Suttons Bay Yacht Club Water View Condo
Asking Price: $389,000

One level living is enjoyed with this beautifully finished condominium offering a very private setting and elevated Bay views within the charming Village of Suttons Bay! The spacious open floor plan offers: a living room with vaulted 9 ft ceilings and a gas fireplace, maple cabinetry with granite countertops, maple and ceramic tile flooring, 2,167 sq ft of finished living area, walkout lower level, and a 2 car attached garage! Association amenities include: 1200 ft sandy beach, pool & hot tub, tennis courts, optional marina use, and much more!

601 N Stony Point Road, Suttons Bay, MI - SOLD

SOLD SUTTONS BAY WATERFRONT HOME

LISTING SOLD by Oltersdorf Realty LLC on 11/10/2015
601 N Stony Point Road, Suttons Bay, MI - 353' of Private Frontage on Suttons Bay & West Bay
Asking Price: $1,395,000

Exquisitely appointed with Post and Beam quality construction this home offers expansive 180 degree water views throughout the 4134+ sq. ft. of finished living area with floor to ceiling glass door walls and windows!  The flowing open floor plan between the living room, family room, and kitchen provides wonderful spaces for entertaining family and guests while assuring privacy throughout the homes 5 bedrooms and 4 baths. Comforts include two natural stone fireplaces, hardwood flooring, granite countertops, a spacious main floor master bedroom suite, large walk in closets, and a two story 320+ sq. ft. covered screened porch with wonderful Bay views.  All located on a rare & unique 1.72 acre beautifully landscaped wooded estate sized parcel which enjoys a sandy shore, waterside screened gazebo, recirculating pond, and over 350 feet of direct water frontage on both Suttons Bay and West Grand Traverse Bay!

1790 S Meadow Ridge Lane, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW HOME

LISTED & SOLD by Oltersdorf Realty LLC on 11/10/2015
1790 S Meadow Ridge Lane, Suttons Bay, MI - Ranch Home & Water Views on 10 Acres
Asking Price: $375,000

Magnificent water views of Suttons Bay and the beautiful Leelanau County countryside are enjoyed from this spacious brick and cedar sided ranch home situated on 10 acres with room to roam! Home features include 2458+ sq ft of finished main floor living space, 3 large bedroom including a master bedroom suite, 3 baths, ten foot ceilings throughout, a two sided natural stone fireplace, large open kitchen, patio, covered rear porch, main level laundry room, full unfinished basement, geothermal heating system, and an attached 3 car heated garage!