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Leelanau County & Traverse City Real Estate

Our Listings
Vacation Rentals
Blog
About Us
Contact Us

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Helpful info for all Michigan property owners! Within the next 1-2 weeks you should receive in the mail (if you haven’t already) your “2025 Notice of Assessment” which has your 2025 property tax information on it. We always get a lo

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OUR NEW LISTING | $795,000 - 3182 S Candace Lane, Lake Leelanau, MI – 3 Bedroom, 3 Bath, 3,300 sq ft Walkout Ranch with a 2 Car Attached Garage + 24’x24’ Detached Garage on 2.18 Acres!
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#leelanaurealestate #leelanau #lee

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Key 2024 Year-End Grand Traverse County Home Sales Statistics:
⚫️Total Homes Sold: +0.38% Increase (compared to 2023)
⚫️Total Sales Volume: +6.04% Increase
⚫️Average Home Sales Price: +5.64% Increase
⚫️Median Home Sales Price: +6.04% Increase

Olters

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2024 Leelanau County Vacant Land Market Trends: Year-End Insights

Units Sold: +17.26%
Volume Sold: +17.57%
Inventory: Historic lows
Building Permits: ⬆

Scroll for more charts and data ---->
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#leelanau #leelanaurealestate #leelanauvac

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What were the types of homes purchased by Leelanau County Home Buyers in 2024? In 2024 there were 338 residential sales, with 63.3% of those properties selling for over $500,000+. The predominant price range price range was $400,000-$500,000. Interes

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Debunking the Myth: Are Leelanau County Principal Residences Turning Into Vacation Rentals?

Interestingly, in 2024, less than half of the homes in Leelanau County—just 46%—were primary residences. A common myth I often hear is that every

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Curious about the origins of home buyers in Leelanau County in 2024? We analyzed the data, breaking down the primary mailing addresses (zip codes) of the 338 residential real estate buyers in the area last year. Here’s what we found.

Local Buy

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In 2024, there were 338 residential home sales throughout Leelanau County. Of these, 44% were cash purchases (no mortgage), a decrease from the record high of 50% cash sales in 2023. By comparison, Grand Traverse County saw 34.3% of homes purchased w

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2024 Leelanau County Year-End Sales Data:
• Average Price: Increased by +9.33%
• Median Price: Increased by +4.19%
• Sales Volume: Increased by +2.94%
• Units Sold: Decreased by -5.85%

The median sale price in #leelanau county i

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Check out my interview in the December 2024 Traverse City Business News discussing 2025 real estate trends and predictions! - Jonathan Oltersdorf

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After several years of Lake Michigan water levels holding steady we are now starting to see a noticeable drop in Lake Michigan / Grand Traverse Bay water levels in 2025 as water levels have decreased -10 inches from this time last year. Data ---->

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Just a quick mortgage rate update. We are now 2 weeks into 2025 and 30-year mortgage rates are currently hovering right around 6.93%. In 2024, the average monthly rate for a 30-year fixed-rate mortgage was 6.72%, slightly lower than the 6.81% average

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JUST SOLD | Lot 30 Bay Hill Subdivision - Affordable water view parcel in a great subdivision located just west of the town of Lake Leelanau and close to Leland!
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#lakeleelanau #lakeleelanaurealtor #lakeleelanaurealestate #leelanaureale

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JUST SOLD by Jonathan Oltersdorf | $268,000 – E Valley Road, Maple City, MI – Vacant 24.07 acre parcel offering rolling hardwoods and no deed restrictions! Note: The road commission recently determined that, due to limited visibility for

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LISTED & SOLD by Jonathan Oltersdorf | $1,300,000 Ask Price – 12100 E Spinnaker Lane, Suttons Bay, MI – 4 Bedroom & 4 Bath Home with Incredible Grand Traverse Bay Water Views!
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#suttonsbay #suttonsbayrealestate #sutt

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JUST SOLD by Jonathan Oltersdorf | $1,075,000 Asking Price - 8485 S W Bay Shore Drive, Traverse City, MI – Home with Pool & Direct Sandy Frontage on West Grand Traverse Bay!
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#grandtraversebay #westgrandtraversebay #leelanau #le

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JUST SOLD by Jonathan Oltersdorf | $580,000 - 2057 Arrowhead Drive, Traverse City, MI – 5 Bedrooms, 3 Baths, 3,216 Sq Ft Walkout Ranch Close to Everything on the Base of Old Mission Peninsula!
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#traversecity #traversecityrealestate #t

Copyright © 2025, Oltersdorf Realty, LLC. All rights reserved. 231-271-7777 | realestate@oltersdorf.com | The information contained on this website has been furnished by our Seller’s and/or other sources. Every effort has been made to provide accurate information but we are unable to guarantee any information and recommend that the purchaser verify all information before closing.