We are starting to see off water homes sit on the market a bit longer in some segments.
Currently, we have a 4 month supply of homes
What does this mean to you as a seller - it means that you home could take 4 months to sell.
Good news - prices are up as well over this time last year
We have an over abundance of direct water homes with a 15 month inventory
Selling your waterfront home could take over a year, depending on location - condition & price
Traverse City Michigan Real Estate market is alive and going strong. Grand Traverse County has had 195 homes sold so far this year with a 94% list price/sale price ratio. Many of these sales were Foreclosed Properties and Bank Owned Propertieswhich brings great deals for Homebuyers.
First Time Homebuyers have an added advantage. They are able to take advantage of the $8,000 First Time Homebuyers Tax Credit. Rural Development Loansalso give a benefit to Homebuyers in our area with the ability to purchase a home with No Money Down. Both of these programs have guidelines (2 comments)
TRAVERSE CITY -- The Coldwell Banker Schmidt Family of Companies was listed among the top 50 real estate brokerages in the U.S. in the 2009 RISMedia Power Broker Survey.
The firm ranked 46th with 6,672 closed sales units in 2008 among more than 600 respondents in the survey. That made it the third-ranked Coldwell Banker affiliate in the country and the largest in the eastern half of the U.S. The company also made the list (2 comments)
We will bring you up to date information on Traverse City, MI real estate market as well as activities in the area. Current market conditions are very important when making a real estate decision. I keep current daily on any changes in our market, both on and off water. We are the expert in the region for Veterans who are looking to purchase a home. Being the preferred real estate brokerage for Veterans United Home Loans, we are proud to work with a lender partner who is also an expert in their field when it comes to Veterans.
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