Here is a 2009 year-end sold market analysis from the Traverse Association of Realtors for real estate in Traverse City, Grand Traverse County and the surrounding counties of Leelanau, Benzie, Antrim and Kalkaska. It offers an interesting look at single-family home sales trends over the past several years.
Although the number of home sales in Grand Traverse County was slightly down from last year, overall total sales increased by 194 units. The average selling price is down from $200,358 to $174,101 and the number of days on the market is holding fairly steady at nearly 180 days. The highest number of units sold was in the $120,000 - $139,999 price range, with high totals in the $80,000 - $119,999 price ranges as well. The tax credit has attracted many first-time homebuyers into the marketplace and has helped to boost sales in these price ranges.
We are experiencing a solid real estate market so far this winter here in Traverse City. This is encouraging as we begin a new year, and a new decade!
Jason Kudary real estate – Traverse City real estate