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Traverse City, MI Real Estate News

By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
  CASH BACK and Discounts to those that serve our country and community when buying/selling a home!! Who is Eligible for this amazing savings? *Military (Includes Veterans: If you have EVER served in the US Military, you are eligible) * Law Enforcement ( includes Retirees) *Firefighters (Volunteers and Retirees) *Emergency Medical Personnel Thank you HEROES for all you do! Military:Active Duty, Veteran, Retired, National Guard, Reservist Law Enforcement: Active,Retired Police Officer, Prison Guard, State Trooper, County Sheriff, Border Patrol Firefighters: Active,Retired,Volunteer First Responders Heroes Home Advantage are local REALTORS that wanted to do something to give back to those that protect, serve and care for our country and community. Law Enforcement, Firefighters, Health Ca...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
      Weekly Market Statistics          07/23/2012 thru 07/29/2012        211  New Listings         84   Sold Listings 259  Pending   Sales By Classification 63 Residential $22,000 to $1,075,000 Median $121,000 Mean $177,425 11 Vacant Land $15,000 to $215,000 Median $34,000 Mean $53,500 10 Commercial $200 lease to $780,000   Sales by Location 11 Antrim County 6   Benzie County 46 Grand Traverse County 6   Kalkaska County 10 Leelanau County 5   Wexford County 0   Outside Areas   Expired Listings     62   Year over Year Comparison for Grand Traverse County on & off water homes   Off Water Homes All Values   Current Listings         736  Sales                         07/10-07/11  788  07/11-07/12  906  Average DOM            155 or 5.1 Months  Value Direction          Up 1.2%  Market Activ...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Very Proud to live in Coast Guard City ~ Traverse City Our local Air Station made a wonderful save and we are very grateful to have them here serving Traverse City
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
    If you are buying or selling a home in Northern Michigan, this program can save you money LAW ENFORCEMENT   FIREFIGHTERS   MILITARY (Active, Retired or Reserve)   EMERGENCY MEDICAL PROFESSIONALS   All of the above professions are qualified to receive a 30% commisison rebate when you buy or sell a home through me.  This money can be used towards your closing costs.   Call today for details.
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
     Looks like Traverse City Real Estate Market is as hot as our temperatures are these days. Great time to buy or sell. Waterfront activity is up 40% over this time last year. WOW, those are some impressive stats. Weekly Market Statistics 07/16/2012 thru 07/22/2012 156 New Listings 79 Sold Listings 254 Pending Sales By Classification 66 Residential $14,900 to $780,000 Median $151,250 Mean $204,731 8 Vacant Land $7,800 to $194,800 Median $68,325 Mean $38,500 5 Commercial $13 sf lease to $205,000 Sales by Location 11 Antrim County 7 Benzie County 35 Grand Traverse County 6 Kalkaska County 14 Leelanau County 3 Wexford County 3 Outside Areas Expired Listings 35 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 738 Sales 07...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Our market was slightly slower this week but this is anticipated in our area during the 4th of July festivities. We are anticipating it picking up where it left off next week.  Weekly Market Statistics 07/09/2012 thru 07/15/2012 205 New Listings 50 Sold Listings 266 Pending Sales By Classification 44 Residential $17,000 to $935,000 Median $133,175 Mean $198,474 4 Vacant Land $45,000 to $215,000 Median $147,500 Mean $138,750 2 Commercial $1.14 sf lease to $600,000 Sales by Location 5 Antrim County 8 Benzie County 22 Grand Traverse County 3 Kalkaska County 7 Leelanau County 1 Wexford County 4 Outside Areas Expired Listings 79 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 733 Sales 07/10-07/11 788 07/11-07/12 867 Averag...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
We are still seeing a very strong margin of activity in our area with home sales. Prices and activity are still on the rise. Below is a detailed look into what our market has done this past week. Thank you to Bob Reamer for this report he brings to us each week to keep up us informed of market conditions. Weekly Market Statistics 07/02/2012 thru 07/08/2012 186 New Listings 92 Sold Listings 248 Pending Sales By Classification 74 Residential $7,000 to $1,125,000 Median $151,000 Mean $204,962 14 Vacant Land $1,750 to $270,000 Median $19,250 Mean $51,964 4 Commercial $4 sf lease to $40,000 Sales by Location 10 Antrim County 10 Benzie County 56 Grand Traverse County 8 Kalkaska County 7 Leelanau County 0 Wexford County 1 Outside Areas Expired Listings 266 Year over Year Comparison for Grand T...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
  Every week, Bob Reamer ~ Certified General Appraiser gives us a fabulous market update that I will pass on to you. This week was another strong week. We are seeing huge activity in our homes priced at $165,000 and love with more than half of our sales in this area. Weekly Market Statistics 06/25/2012 thru 07/01/2012 192 New Listings 73 Sold Listings 258 Pending Sales By Classification 60 Residential $14,000 to $825,000 Median $155,000 Mean $173,680 11 Vacant Land $7,000 to $25,463 Median $19,200 Mean $25,463 2 Commercial $250,000 to $630,000 Sales by Location 10 Antrim County 8 Benzie County 38 Grand Traverse County 4 Kalkaska County 8 Leelanau County 2 Wexford County 3 Outside Areas Expired Listings 217 Year over Year Comparison for Grand Traverse County on & off water homes Off Wate...
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By Jon Becker, Associate Broker
(Century 21 Northland)
Happy Summer Everyone, It is that time of year again, the National Cherry Festival is almost upon us.....July 7th-14th. Come enjoy all the great lodging, dining, shopping, recreational, and cultural attractions that the Traverse City area has to offer! Click here for a Cherry Festival Schedule of events and here for links to Traverse City area information, dining, lodging, shopping , and so much more!!! We look forward to having you and if you are considering Traverse City area real estate please contact Jon Becker (Traverse City real estate agent)-Century 21 Northland anytime and view all Traverse City area real estate listings at www.c21jb.com Sincerly, Jon Becker  
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
    Our real estate market here in Traverse City broke a record this past week with 100 closed transactions. WOW. Thank you to Bob Reamer with Set Point Property Tax Consultants for keeping us up to date. Weekly Market Statistics 06/18/2012 thru 06/24/2012 202 New Listings 103 Sold Listings Sales By Classification 79 Residential $18,000 to $1,200,000 Median $145,000 Mean $190,297 15 Vacant Land $1,250 to $192,000 Median $45,000 Mean $61,620 9 Commercial $750 (Lease) to $175,000 Sales by Location 13 Antrim County 12 Benzie County 52 Grand Traverse County 10 Kalkaska County 10 Leelanau County 1 Wexford County 5 Outside Areas Expired Listings 90 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 748 Sales 06/10-06/11 802 06/...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
 This week is much like last week. We are seeing values and activity high in waterfront properties. Values have increased 17% over this time last year. If you are thinking of a waterfront home, NOW is the time to purchase. Thank you to Bob Reamer for this weeks market report. Weekly Market Statistics 06/11/2012 thru 06/17/2012 167 New Listings 78 Sold Listings Sales By Classification 61 Residential $5,000 to $2,150,000 Median $139,450 Mean $199,873 12 Vacant Land $17,000 to $750,000 Median $49,950 Mean $199,858 5 Commercial $125,000 to $910,000 Sales by Location 8 Antrim County 9 Benzie County 40 Grand Traverse County 11 Kalkaska County 8 Leelanau County 1 Wexford County 1 Outside Areas Expired Listings 72 Year over Year Comparison for Grand Traverse County on & off water homes Off Wate...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
What Is Owner's Title Insurance   When you sell your home, one of your closing costs is listed as Owner's Title Police.  What is it? While most insurance protects you against danger in the future; title insurance protects you against threats from the past. Title insurance has been in existence in the United States since 1853.  Because humans are involved in recording deed transfers and plotting land parcels, a lot can go wrong, particularly in the centuries before computers.  Title insurance protects home buyers against defects and human error. The policy insures your buyer against claims of debt or ownership on your piece of property that you or he may not be aware of at the time of purchase.  When you purchased your home, the seller provided a title insurance policy for you. It is rar...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
RE/MAX Bayshore Properties Ltd Christine Stalsonburg Direct: (231) 409-4140 Office: (231) 945-4100 Business Fax: (231) 940-4595 Website or Mobile: http://www.cstalsonburg.remax-michigan.com/TVH1736827 8393 N LONG LAKE RD Traverse City, MI 49684 MLS#: 1736827 Price: $74,900 Bedrooms: 1 Bathrooms: 1 The information being provided is deemed reliable but not guaranteed. All information must be verified by the purchaser. Listing information courtesy of: RE/MAX BAYSHORE PROPERTIES, 500 S UNION STREET, TRAVERSE CITY, MI 49684 The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Northern Michigan MLS. IDX information is provided exclusively for the consumers' personal, non...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
      Weekly Market Statistics          06/04/2012 thru 06/10/2012        264  New Listings 78   Sold Listings   Sales By Classification 59 Residential $10,000 to $700,000 Median $135,000 Mean $188,427 13 Vacant Land $9,215 to $260,000 Median $27.500 Mean $48,875 6   Commercial $800 (lease) to $132,000   Sales by Location 8   Antrim County 7   Benzie County 42 Grand Traverse County 9   Kalkaska County 10 Leelanau County 1   Wexford County 1   Outside Areas   Expired Listings      76   Year over Year Comparison for Grand Traverse County on & off water homes   Off Water Homes All Values   Current Listings         750  Sales                         06/10-06/11  802  06/11-06/12  823  Average DOM            159 or 5.3 Months  Value Direction          Up 2.6%  Market Activity           Up 2....
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
With summer fast approaching, many potential buyers are heading for vacations destinations.  Traverse City is one of those many vacation destinations in Michigan.  One very important thing that you need to take into consideration when you are looking for a second home is what is the market currently doing in that area.  It may be completely different than where you are from.  This is one of many reasons to have an experienced Realtor on your side during your research stages and your purchase of any home.  No one knows the current market trends better than an experienced, full-time Realtor.    Don't just pick a name out of a phone book, web site, ad in the newspaper or magazine or from a billboard.  Interview your Realtor before you place one of the largest purchases you will ever make i...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
This weeks market report brought to us by Bob Reamer. We had a small slow down but it appears that we are poised for a fabulous summer market. Weekly Market Statistics 05/28/2012 thru 06/03/2012 208 New Listings 66 Sold Listings Sales By Classification 44 Residential $9,300 to $1,159,500 Median $159,000 Mean $242,193 15 Vacant Land $5,000 to $255,000 Median $20,000 Mean $51,916 7 Commercial $800 (lease) to $565,000 Sales by Location 11 Antrim County 4 Benzie County 28 Grand Traverse County 9 Kalkaska County 12 Leelanau County 1 Wexford County 1 Outside Areas Expired Listings 176 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 721 Sales 06/10-06/11 801 06/11-06/12 803 Average DOM 160 or 5.3 Months Value Direction Up 2.1...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
onsumers can visit whatmovesyou.remax.com right now to enter their stories in the RE/MAX "What Moves You?" Social Media Contest for a chance to win $10,000! Take to your social networks today to encourage your past, present and prospective clients to share their stories. If their stories are compelling enough, they could win one of eight weekly $750 Apple gift card prizes and/or the grand prize! Suggested Facebook messagingNew job? New baby? Empty nest? Tell RE/MAX "What Moves You?" for a chance to win $10,000 cash! The 9-week contest is under way right now at whatmovesyou.remax.com. Top vote-getters each week will win a $750 Apple gift card. Submit your story and tell your friends to vote! Suggested Twitter messagingTell @remax #whatmovesyou to win a $750 Apple gift card & a $10k gran...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Once again, a big thank you to Bob Reamer for this weeks market update. We saw a 38% jump in vacant land. Time to build that new home you have always wanted. Weekly Market Statistics 05/21/2012 thru 05/27/2012 300 New Listings 87 Sold Listings Sales By Classification 46 Residential $13,500 to $902,500 Median $141,500 Mean $193,846 33 Vacant Land $9,500 to $180,000 Median $20,970 Mean $20,970 8 Commercial $295 (lease) to $450,000 Sales by Location 7 Antrim County 9 Benzie County 55 Grand Traverse County 4 Kalkaska County 11 Leelanau County 0 Wexford County 1 Outside Areas Expired Listings 63 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 717 Sales 05/10-05/11 794 05/11-05/12 854 Average DOM 158 or 5.3 Months Value Dire...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
We are quickly approaching one of the most important holidays of the year.  Memorial Day  ~  This weekend, please take a minute to reflect on those who have sacrificed so much for our country so that we can live here with the freedoms that we enjoy daily.  Remember the men and women who are currently fighting for our rights and the conditions that many of them must endure so we can wake up each day and have the ability to make choices in our lives. Recently, I received an email from a Marine unit in a forward unit of Afghanistan who was asking for baby wipes so that they could bathe.  Where they are deployed, there is no running water for showers and drinking water is very restricted for them.  I tell you this so that you can always remember that the men and women who fight for our free...
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