2011 Traverse City Real Estate Statistics
Despite the gloom and doom we all hear daily from the news media Traverse City area real estate is moving in a positive direction. A year to year comparison from 2010 to 2011 shows that our local area ( mostly Grand Traverse, Leelanau, Benzie, Antrim, Kalkaska counties) is showing increases in average sales price with less inventory on the market than 1 year ago (2010 - 11,323 listings taken, 2011-9731 listings taken) and less listings expiring (2010- 44.72% all , 36.06% single family 2011 42.18% all, 34.23% single family), meaning a larger % of homes / listings on the market are selling!
For all listings ( single family, multi-family, commerical & vacant land) the number of listings on the market was down -14.10% (showing positive growth in the over saturated markets) while single family home listings were down -16%
The total number of properties sold in 2011 increased by 1.50% with an average sales price increase of 2.70% ( +1.90% for single family homes)
While overall the average days on market increased by 5% (all sold listings) for single family homes it only increased by .50%
We are also very proud to say again for 2011 sales increased for Century 21 Northland by +30% and for Jon Becker +54%
Century 21 Northland also maintained its status as the #1 Office in the Northern, Mi. Brokers Council and #6 in the Great Lakes Region ( out of 187 offices)
Jon increased his average sales price 24% ( well above the local average of 1.5%) and was able to get his sellers, on average, 8.41% more in sales price than the local MLS average! Thats an extra $16,820 in Jon's sellers pockets on a $200,000 home- WOW!
Remember real estate is local (we even have stronger & softer sub markets within our own MLS area) despite the gloom and doom the media loves to portray Traverse City Real Estate is rebounding and remains a desirable area with historically good resale opportunities.
If you are considering buying or selling Traverse City area real estate please contact Jon Becker anytime! Browse all Traverse City real estate listings
at www.c21jb.com as well as selling & buying tips, local links and information, mortage contacts and so much more!
Here's to more positive growth and news in 2012!!!