612 Third Street, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 5/2/2016
612 Third Street, Traverse City, MI - Move-in ready Downtown Home
Asking Price: $395,000

Move in ready! Fantastic downtown Traverse City home only blocks from the beach and from Front Street! This 3 bedroom, 2 bath, 1800 sq ft immaculately maintained home has been extensively remodeled and features original hardwood flooring, updated electric, plumbing, baths, windows, furnace, A/C, and has a detached 3 car heated garage and shed!*Listing Photos provided by Century 21 Northland- Source: Northern Great Lakes Realtors MLS.

114 N Lincoln St, Suttons Bay - SOLD

SOLD VILLAGE OF SUTTONS BAY HOME

LISTING SOLD by Oltersdorf Realty LLC on 4/29/2016
114 N Lincoln St, Suttons Bay, MI – 4 Bedroom Village of Suttons Bay Home
Asking Price: $125,000

This Village of Suttons Bay affordable fixer-upper is located just 2 blocks from the main street of the Village of Suttons Bay and adjoins a Village park.  The home sits on 3 Village lots totaling 90’ x 120’ with frontage on Lincoln St and backing to alley access. Unlimited potential for construction of a new home or a full remodeling project using the existing structure!  The home is being “sold as-is” as it has not been occupied in many years. Will most likely require cash / non-traditional financing. 

3872 Morningside, Traverse City - SOLD

SOLD TRAVERSE CITY RANCH HOME

LISTING SOLD by Oltersdorf Realty LLC on 4/26/2016
872 Morningside, Traverse City - 3 Bedroom Ranch Close to Downtown Traverse City
Asking Price: $191,000

This 3 bedroom, 1.5 bath ranch home is located in a wonderful neighborhood close to downtown Traverse City but within Garfield Township which has lower property taxes! The well maintained home offers desirable one floor living with 3 main floor bedrooms, fireplace, a completely remodeled bathroom, new kitchen appliances and countertops, fresh paint, new gas boiler, newer roof, new insulation, full basement, 2 car attached garage, and so much more!  The house sits on a large 0.48 acre lot across the street from a neighborhood park & open space.   

2016 Leelanau County Home Sales January - March

The 2016 first quarter (January 1 – March 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2016 through March 31, 2016 to the same time period in 2015, 2014, 2013, 2012, and 2011. This includes the townships of Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City within the southeast corner of Leelanau County.

2016 Leelanau County Home Sales Volume has decreased a -0.70% compared to this time last year and total houses sold has decreased -5.47% over 2015's total houses sold. Average sales price has increased 5.05% and Median Sales Price has increased +2.54%. The first quarter is by far the slowest 3 months of real estate sales in Leelanau County, especially with upper price ranges and waterfront property on West Grand Traverse Bay & Lake Michigan.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2011-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

2016 Grand Traverse County Home Sales January-March

The 2016 first quarter (January 1 – March 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2016 through March 31, 2016 to the same time period in 2015, 2014, 2013, 2012, and 2011. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.

So far in 2016 Grand Traverse County Home Sales Volume has increased +23.10% over 2015's record setting figures. Average sales price is up +8.60% while Median Sales price is up +9.82%. Total number of units sold has increased 13.35%. For the 3rd year in a row there remains low home inventory, especially in the downtown Traverse City Area.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2011-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

8250 S Center Highway, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 4/18/2016
8250 S Center Highway, Traverse City, MI
Asking Price: $699,000

Estate size parcel featuring 20+ acres to roam, executive home with 6,000+ finished sq ft, 4 bedrooms, 3.5 baths, indoor pool, and so much more! *Listing Photos provided by Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

3011 Grand Avenue, Interlochen - SOLD

SOLD INTERLOCHEN RANCH HOME

SOLD by Oltersdorf Realty LLC on 4/15/2016
3011 Grand Avenue, Interlochen, MI - 4 Bedroom, 2 Bath Ranch Home
Asking Price: $159,900

Fantastic well maintained 4 bedroom, 2 bath desirable ranch home with a 2 car attached garage and a huge fenced in rear yard in a quiet neighborhood. Main floor living!

*Listing Photos provided by Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

12755 S Marina Village Drive #48, Traverse City - SOLD

SOLD TRAVERSE CITY MARINA SLIP

SOLD by Oltersdorf Realty LLC on 4/15/2016
12755 S Marina Village Drive #48, Traverse City, MI - Harbor West Marina Slip
Asking Price: $32,000

Great location close to downtown Traverse City! This Harbor West condominium boat slip measures 30x14 and has access to association clubhouse, showers, bathrooms, picnic area, and much more! *Listing Photos provided by Keller Williams Greater Grand Traverse - Source: Northern Great Lakes Realtors MLS.

4394 Appletree Lane, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 3/31/2016
4394 Appletree Lane, Traverse City, MI - New Construction with 4 bedrooms & 3.5 Baths
Asking Price: $349,000

This gorgeous west side Lone Tree home is brand new construction featuring 4 bedrooms, 3.5 baths, 2424+ finished sq ft, large main floor master bedroom suite, open layout, gas fireplace, walkout lower level, and attached 3 car garage.

775 S Village View Court, Suttons Bay - SOLD

SOLD SUTTONS BAY WATER VIEW PARCEL

LISTED & SOLD by Oltersdorf Realty LLC on 3/31/2016
775 S Village View Court, Suttons Bay, MI - Sunset Water Views & 3.60 Acres
Asking Price: $119,000

Panoramic western facing sunset views of “The Bay” & The Village of Suttons Bay are enjoyed from this beautiful 3.60 acre building site offering stunning water views and a gently sloping landscape of meadows surrounded by orchards! Village View is a small neighborhood of quality homes featuring paved roads, natural gas, underground electric, high speed cable, just minutes to Suttons Bay and a within a short drive to Traverse City!

N Manitou Trail, Leland - NEW LISTING

The best of both worlds are enjoyed with this exceptional 2.5 acre building site offering 159 feet of private, North Lake Leelanau water frontage and shared Lake Michigan sandy beach frontage at the end of the private road! This ideal building site located within Leland Township is enhanced by slightly elevated, completely controlled year round water views and sandy private water frontage perfect for boating and swimming! Adjoins large natural Leelanau Conservancy Clay Cliff Preserve. All within 2 miles of the quaint Leland Village, shops, restaurants and marina!

PLEASE CLICK HERE FOR ADDITIONAL INFORMATION ON THIS NEW LISTING!

12039 S Elk Run, Traverse City, MI - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 3/3/2016
12039 S Elk Run, Traverse City, MI - Cedar Creek Condominium
Asking Price: $284,900

Highly desirable walkout ranch style condominium in one of the most private locations within Cedar Creek Commons! This Elmwood Township condo is located at the base of Leelanau County near downtown Traverse City and features 3 bedrooms, 3 baths, ~2,500 finished sq ft of living space, attached 2 car garage, 2 fireplaces, new roof, and a private screened in porch with woods views.

*Listing Photos provided by Real Estate One Traverse City - Source: Northern Great Lakes Realtors MLS.

2015 Leelanau County Year End Home Sales

The 2015 year end (January 1 – December 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2015 through December 31, 2015 to the same time period in 2014, 2013, 2012, 2011, and 2010. This includes the townships of Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City within the southeast corner of Leelanau County.

2015 Leelanau County Home Sales Volume decreased -0.23% over 2014's record setting figures and total units/houses sold was up +1.00%. The average sales price has decreased -1.21% and median sales price increased +3.63% over last year. Overall 2015 was a great year for real estate sales in Leelanau County but the unbelievable growth in Grand Traverse County in 2015 is hard to ignore.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2015. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

2015 Grand Traverse County Year End Home Sales

The 2015 year-end (January 1 – December 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2015 through December 31, 2015 to the same time period in 2014, 2013, 2012, 2011, and 2010. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.

It was a fantastic year for real estate home sales in 2015 and Realtors in Traverse City kept very busy! During 2015 Grand Traverse County Home Sales Volume increased +15.15% over 2014's record setting volume. Average sales price was up +6.35% while Median Sales price was up +5.28%. Total number of units sold increased +8.27%.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2015. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

Leelanau County & Traverse City Home Inventory 2003-2016

LEELANAU COUNTY
HOME INVENTORY
All Residential Listings 2003-2016

GRAND TRAVERSE COUNTY (TRAVERSE CITY)
HOME INVENTORY
All Residential Listings 2003-2016

Single family home inventory and condominium inventory continues to decline throughout Leelanau County, Grand Traverse County, and within the City of Traverse City. As of February, 2016 Leelanau County & Grand Traverse County (Traverse City) home inventory is at a 10+ year low.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

7164 Cherrywood Court, Traverse City, MI - SOLD

SOLD TRAVERSE CITY CONDOMINIUM

SOLD by Oltersdorf Realty LLC on 2/11/2016
7164 Cherrywood Ct, Traverse City, MI - Old Mission Peninsula Condominium
Asking Price: $120,000

This affordable “Cherrywood” condominium is located at the base of desirable Old Mission Peninsula only minutes to downtown Traverse City! Features include one floor living with 1084 finished sq ft, 2 bedrooms, 2 baths, private master bath, fireplace, attached garage, and a full unfinished basement. *Listing Photos provided by Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

Mortgage Rates 2003-2015

Average 30-Year Fixed Mortgage Rates
2003-2015

Most industry experts are predicting interest rates to climb to 4.7% - 5.0% in 2016 after an annual average of 3.85% throughout 2015. The highest mortgage rates were set in 1981 when they averaged 16.63%.

*Data provided by FreddieMac

Leelanau County Waterfront Home Sales 2011-2015

Total Sales Volume in $ Millions

Total Number of Houses Sold

Inland Lakes, Grand Traverse Bay, Lake Michigan

Leelanau County Waterfront Home Sales 2011-2015 for houses with private water frontage on all Inland Lakes, Grand Traverse Bay, and Lake Michigan. This includes Traverse City, Suttons Bay, Omena, Northport, Leland, Lake Leelanau, Cedar, Maple City, Glen Arbor, and Empire.

5155 Matthew Drive, Traverse City, MI - SOLD

SOLD TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 1/22/2016
5155 Matthew Drive, Traverse City, MI
Asking Price: $210,000

This 3 bedroom, 2 bath meticulously maintained ranch home is located on a beautiful wooded 1 acre parcel just west of Traverse City. Home features include a private master bath, large kitchen, new flooring and paint throughout, full unfinished basement, irrigation and water feature, 2 car garage, and main floor living!

3967 Hidden Creek Dr, Traverse City, MI – SOLD

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 1/22/2016
3967 Hidden Creek Drive, Traverse City, MI
Asking Price: $349,000

This wonderful 4 bedroom, 3 bath walkout ranch home offers 3800 sq. ft. of finished living area, living room with vaulted ceilings & fireplace, open floor plan, hardwood flooring, private master bedroom suite, main floor laundry, and an over sized 3 car attached garage. The finished walk out lower level features large egress windows, family/game room, tall ceilings, and unfinished storage space. Very private parcel adjacent to an association creek & common space in an exceptional location near schools, shopping, and the new YMCA!