2023 Leelanau County Year-End Vacant Land Sales Data

January 30, 2024

2023 Leelanau County Year-End Vacant Land Sales Data

Units Sold: -39.93%
Volume Sold: -34.92%

(click photos below to enlarge)

Introduction: Discover the latest trends in Leelanau County's vacant land market with our detailed analysis of the 2023 year-end sales data. In this report, we delve into key statistics, including units sold and volume sold, current vacant land inventory levels, and we providing valuable insights into the real estate landscape in Leelanau County.

Overview: The data presented covers the period from January 1 to December 31, 2023, comparing vacant land sales statistics from 2013 to 2023 across various townships, including Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City in the southeast corner of Leelanau County.

Market Trends: Following a remarkable year in 2021, both 2022 and 2023 witnessed a return to the historical average for vacant land sales. The graphs illustrate a decline in units sold by 39.93% and a decrease in volume sold by 34.92%, reflecting a market correction after the record-setting sales of the previous year.

Building Permits and Construction Trends: Notably, Leelanau County experienced a downturn in building permits issued and their total value in 2023. This reversal can be attributed to the increased costs of construction materials and labor, leading to a slowdown in the demand for new construction projects throughout the county.

Data Source: Our comprehensive report is based on sales information obtained from the Northern Great Lakes Realtors MLS. It is important to note that undisclosed sales are not included in the data, ensuring transparency and accuracy. Please be advised that this information is for basic review purposes only, and while all efforts have been made to ensure accuracy, it cannot be guaranteed.

Contact Information: For further inquiries or to explore real estate opportunities in Leelanau County, feel free to contact Jonathan Oltersdorf of Oltersdorf Realty, LLC at: