Mortgage and Lending News

Northern Michigan Home Values up 9.50% Over Last Year!

December 30th, 2013 | 100% mortgage, 100% purchase, 100% rd loan, 100% Refinance, va mortgage, va 100% michigan mortgage, traverse city mortgage, Versatile Mortgage LLC, 100% purchase Michigan, 10, Construction loan



HAPPY NEW YEAR!  - This year has been an explosive year for home sales and new construction - home values up 9.5%!  2014 will no doubt be even better!  Thank you for a wonderful year!

Weekly Market Statistics 
12/23/2013 thru 12/29/2013
33 New Listings
48 Closed Sales
264 Pending
 Sales By Classification
41 Residential $27,200 to $1,195,000 Median $190,000 Mean $283,777
 6   Vacant Land $11,500 to $350,000 Median $31,500 Mean $94,250
 1   Commercial $34,000
Sales by Location
04 Antrim County
07 Benzie County
25 Grand Traverse County
04 Kalkaska County
07 Leelanau County
01 Wexford County
Expired Listings   46
 
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values 
  •  Current Listings                   545
  •  Sales                                     12/12 to 12/13 1,123 12/11 to 12/12 1,037
  •  Average DOM                       127 or 4.2 Months
  •  Value Direction                    Up 9.5%
  •  Market Activity                       Up 8.3%
  •  Inventory Supply                   5.8 Months
 Direct Water Homes All Values
  • Current Listings                   159
  • Sales                                      12/12 to 12/13 152 12/11 to 12/12 186
  • Average DOM                        198 or 6.6 Months
  • Value Direction                     Up 3.1%
  • Market Activity                        Down 18.3%
  • Inventory Supply                   12.5 Months 
 
Happy New Year..............
 
Respectfully,
Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
 
Phone:     231.649.0877
Fax:           231.333.5078
Email:       bob@teamreamer.com
Website: www.RobertJReamer.com
 
Real Estate Appraisal Services, Property Tax Appeal, Real Estate Consulting

 

Randy Brown (NMLS# 179424)
Nicki Klama (NMLS# 1600896)
Christi Cronk (NMLS# 1403476)
Dave Crater (NMLS#1450363)


Versatile Mortgage LLC (NMLS# 179163)
Phone: 231-946-2202 | Fax: 231-946-5988
810 S Garfield Ave Ste A ,
Traverse City, Michigan 49686

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