Weekly Market Update - August 7, 2011 - Traverse City Michigan
By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Market activity was up from last week with two sales over $1,000,000 in direct water homes. Often times high value buyers will lead the trend and there is a noticeable increase in activity as the high value market segment. As summer winds down between now and mid November will likely be a great time to buy with good inventory levels, soft prices and low interest rates all of which are likely to change in the near future. Weekly Market Statistics 08/01/11 thru 08/07/2011 from the TAAR MLS 158 New Listings 66 Sold Listings Sales By Classification 56 Residential $13,500 to $2,325,000 Median $125,000 Mean $179,045 8 Vacant Land $5,000 to $260,000 Median $28,500 Mean $62,962 2 Commercial $3,850 Lease to $37,000 Sales by Location 9 Antrim County 9 Benzie ...
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