Mortgage and Lending News

Strong Sales/Low Inventory - RATES STILL LOW!! BUY TODAY!

December 10th, 2012

 
 
 

 

 

Weekly Market Statistics

 

       12/03/2012 thru 12/09/2012

135 New Listings

        87   Sold Listings

244  Pending

 

Sales By Classification

65 Residential $4,150 to $825,000 Median $149,900 Mean $186,488

14 Vacant Land $8,500 to $450,000 Median $63,750 Mean $80,121

8   Commercial $12 sf (Lease) to  $475,000

 

Sales by Location

15 Antrim County

08 Benzie County

46 Grand Traverse County

06 Kalkaska County

08 Leelanau County

02 Wexford County

02 Outside Areas

 

Expired Listings    92

 

Year over Year Comparison for Grand Traverse County on & off water homes

 

Off Water Homes All Values 

 Current Listings        581

 Sales                         12/10-12/11  822  12/11-12/12  961

 Average DOM            145 or 4.8 Months

 Value Direction          Up 6.8%

 Market Activity           Up 16.9% 

 Inventory Supply        7.3 Months

 

Direct Water Homes All Values

 Current Listings       186

 Sales                         12/10-12/11  136  12/11-12/12  175

 Average DOM           20 or 6.9 Months

         Value Direction         Up 8.7%

         Market Activity          Up 28.7%

         Inventory Supply      12.7 Months  

Northern Michigan Activity remains very strong for this time of year with 87 sales, while inventory levels continue to contract in both on and off water markets. With all the talk of the "Fiscal Cliff" it can become overwhelming. While under the current system income taxes will rise and our economy may slow, however it's your choice whether to participate in the downturn or seek opportunity and have your best year ever. My advice, stay knowledgeable about current events, but don't let them influence your life, we can't control our elected officials, we can control how we react to their decisions.

 

Have a great week and focus on the positive, there is allot of it out there in spite of what you hear in the news.

 

Sincerely,
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.setpointptc.com

 

Property Tax Appeal,   Real Estate Consulting,   Real Estate Appraisal Services

 
 

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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