Traverse City, MI Real Estate News

By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Although temperatures are not heating up yet  ~  our market sure is Our weekly market report shows a status quo from last week but here at Cherry Wings Realty, we are busier than ever. Inventory is incredibly low in many price ranges and we hope that with Spring on the horizon that we will see an influx of additional inventory for off water homes. Now is the PERFECT time to get your home listed Cherry Wings Realty can assist you in getting your home ready for the market Call us today at 231-944-9906 to speak with one of our listing specialists Be sure to ask about our Hero Reward Program Weekly Market Statistics          03/31/2014 thru 04/06/2014 158 New Listings 56   Closed Sales 251 Pending    Sales By Classification 44  Residential $9,000 to $575,000  Median $148,450 Mean $180,490 1...
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By Jenny and Brian Rohlen, Traverse City Area Real Estate Agent
(Keller Williams Realty - Greater Grand Traverse)
  When it is time to sell your home, you want to price it to yield as much return as possible. Pricing strategy is one of the most important elements in selling your home.   A market analysis of your home will help you determine value. This involves analyzing the current competition--other like properties currently on the market. I'll look at properties that have already sold, to determine what people have been willing to pay for similar properties. I will also analyze properties that haven't sold, some of which are overpriced.   The goal is to price the property accurately for the marketplace. You don't want to leave money on the table, but you don't want to overprice your home either. If you overprice the property, you risk having your home sit on the market. Then you may have to dro...
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By Jenny and Brian Rohlen, Traverse City Area Real Estate Agent
(Keller Williams Realty - Greater Grand Traverse)
Download my app now! FEATURES Easily connect with me and send property inquiries instantly Use the map feature to draw a circle on the map or tap a pinpoint to search areas See property details and full screen photos, get driving directions, mark your favorites, create notes about what you liked/didn't like and even share with your friends! Use the mortgage calculator to estimate your mortgage payment View open houses and even rental properties in the area.
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Spring has sprung on the calendar and we are all waiting with great anticipation for our snow to disappear so all the beauty of Spring can come shinning through. Our real estate market does not seem to care that the snow is still flying in Northern Michigan Sales are up, prices are up and inventory levels are down in many market segments Thinking of Selling? Call us today and we will create a FREE market analysis for you 231-944-9906 Be sure to ask about our "Hero Rewards Program"       Weekly Market Statistics          03/17/2014 thru 03/23/2014 119 New Listings 46   Closed Sales 249 Pending    Sales By Classification 34  Residential $1,000 (lease) to $650,000  Median $152,000 Mean $200,844  5   Vacant Land $21,000 to $600,000 Median $75,000 Mean $151,142  5   Commercial $900 (lease) t...
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By Jon Becker, Associate Broker
(Century 21 Northland)
By Beth Milligan   A long-gestating project to bring free WiFi to downtown Traverse City could finally be going online. This morning, the Downtown Development Authority (DDA) Board will consider a proposed agreement with Traverse City Light & Power (TCL&P) to implement significantly expanded wireless capabilities in the downtown district. TCL&P would cover upfront costs to the tune of $790,000 for the project, which calls for the installation of radio nodes to create a wireless mesh network utilizing the company's existing fiber infrastructure. TCL&P would then recoup its expenses over a 10-year period from the DDA. The new system could provide free WiFi for residents and visitors in downtown Traverse City and the Open Space, capable of accommodating up to 27,500 users simultaneously. ...
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By Jon Becker, Associate Broker
(Century 21 Northland)
Parks Projects in Play March 17, 2014 By Beth Milligan   Traverse City commissioners will vote tonight on resolutions of support for two grant applications to fund upcoming parks projects in or around downtown TC. Here's a look at these and other parks-related developments currently on deck in the city.Clancy Park The first of two grant proposals on the agenda is a request for a $35,000 Michigan Recreation Passport grant from the state for improvements to Clancy Park, located on West Orchard Drive and Sheridan Street on the base of Old Mission Peninsula. The grant would pay for new park walkways, bike racks, a new play structure, a natural playscape and other site improvements. If approved, the city would provide $30,600 in matching funds for the project, with an additional $4,400 comi...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Report What lies ahead for our local real estate market will be interesting to follow. As we see doom and gloom in our National news, our local economies appear to be holding strong. Interest rates are up over 1% from this time last year.  That said, there is more to purchasing a home and obtaining a mortgage than interest rates alone.  If you speak to a lender, make sure you they are informing you of all your options for loan products.  The way that you plan to utilize your home and the duration that you anticipate your being in your home will greatly affect the loan product that your lender should place you in.  If you are in the market for purchasing a home, be sure to make an appointment with Randy Brown from Versatile Mortgage, here in Traverse City...
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By Jon Becker, Associate Broker
(Century 21 Northland)
Why and How Northwestern Bank Was Sold March 12, 2014 By Luke Haase   With yesterday’s announced sale of Northwestern Bank to Midland-based Chemical Bank, The Ticker examines why the deal happened and how the two Michigan community banks came together. Why Most bankers and analysts agree that it’s increasingly challenging for small players to compete amidst more federal oversight and regulation. “What you’re seeing is the impact of federal legislation. The regulatory environment banks face is very difficult,” notes Doug Wolf, president of Chase Bank in TC. “Unless you have the resources to handle all those requirements, it just cuts into your profitability. Smaller institutions are now forming some consolidation to be able to handle those regulations across a bigger footprint. And you’...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
One of the very first things you should be doing when you are anticipating purchasing a home is to meet with a lender.  Not just any lender, a lender that has been referred to you by someone you trust (who has used them before) or even better yet, your Realtor. There is virtually nothing further you can do in your home buying process (other than dream) until you have met with and applied with a lender and have been given the green-light to look at homes.  Without a pre-approval letter and assurance from a lender that you can qualify for a loan, you are literally wasting everyone's time by wanting to look at homes.  Put yourself in the sellers shoes.  Their listing agent calls them to tell them that they have a showing on their home.  In their mind, they are expecting the potential buye...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market is still holding strong !!! Our average time on market for off water homes is just over 4 months. Of course, this time frame is dependent on your home being priced well and marketed properly. If selling you home this Spring is on your agenda, CALL TODAY  231-944-9906 and we can get your home ready to be sold in the shortest time for the most money. Be sure to ask about our Hero Rewards Program     Weekly Market Statistics          03/03/2014 thru 03/10/2014 132 New Listings 57   Closed Sales 231 Pending    Sales By Classification 33  Residential $23,000 to $829,500  Median $196,000 Mean $220,580 22  Vacant Land $5,000 to $1,250,000 Median $19,625 Mean $135,036  2   Commercial $300 to $7,200 leases    Sales by Location 03 Antrim County 03 Benzie County 38...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Report Our market is holding strong and steady.  Frigid temperatures have slowed activity but this should change as temperatures rise and our days lengthen with daylight savings time next weekend. Inventory levels are still at an all time low in many market segments. NOW is a great time to list and sell your home. CALL TODAY  231-944-9906 and one of our Realtors will educate you in our Pinpoint Pricing Plan for marketing and selling your home in the shortest time possible for the most money. Be sure to ask about our Hero Reward Program & our School giveback programs.       Weekly Market Statistics          02/24/2014 thru 03/02/2014 89   New Listings 57   Closed Sales 225 Pending    Sales By Classification 43  Residential $27,500 to $842,500  Median $171...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Report Activity has picked up dramatically over the past week Buyers are suffering form a good dose of Cabin Fever and are out looking to buy With values up over 10% in most off water market segments NOW is the best time to list your home We have a Pinpoint Pricing plan that will help get your home sold quick and for the best price. Call us today to find out what you home can sell for Be sure to ask about our Hero Rewards Program 231-944-9906       Weekly Market Statistics          02/17/2014 thru 02/23/2014 106 New Listings 33   Closed Sales 226 Pending    Sales By Classification 25  Residential $15,400 to $1,000,000  Median $195,000 Mean $277,100  6   Vacant Land 15,000 to $185,000 Median $115,000 Mean $109,500  2   Commercial $$225 to $530 (Leases)   ...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Report Our market is much hotter than our temperatures have been Inventory levels are still at a critically low level in some segments If you need to have your hold sold by Spring, NOW is the time to list Call us today  231-944-9906 and one of our Realtors will be happy to assist you Be sure to ask about our Hero Rewards Program "Our Way To Say Thank You"     Weekly Market Statistics          02/10/2014 thru 02/16/2014 89   New Listings 53   Closed Sales 227 Pending    Sales By Classification 36  Residential $22,100 to $1,115,000  Median $158,450 Mean $209,612 14  Vacant Land $8,000 to $475,000 Median $24,750 Mean $67,992  3   Commercial $169,000 to $275,000    Sales by Location 02 Antrim County 12 Benzie County 20 Grand Traverse County 05 Kalkaska Count...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Market trends in Traverse City are about to heat up. As we see our temperatures start to inch up, so will our activity for home buying. With the frigid temperatures, we have seen slower than normal conditions. NOW is the perfect time to get your home on the market. Call today and we can have one of our Realtor meet with you to discuss your marketing plan Be sure to ask about our "Hero Rewards Program"   231-944-9906               Weekly Market Statistics          02/03/2014 thru 02/09/2014 115 New Listings 45   Closed Sales 234 Pending    Sales By Classification 35  Residential $18,000 to $1,000,000  Median $175,000 Mean $267,063 08  Vacant Land $21,000 to $237,500 Median $87,025 Mean $106,006  2   Commercial $900 Lease to $357,610    Sales by Location 03 Antrim County 03 Benzie County ...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
          Click Here To Vote For Shaun and Nicole   Nicole and Shaun Traverse City       WHY THEY DESERVE TO WIN: "I have been very blessed to have two of these two incredible, loyal, loving, hard working friends in my life. They encourage people to find their inner strength and goals. They believe in people even when these people begin to doubt themselves. They accept people for who they are and do not try to change them. That being said, if the other person has something that they wish to work on, Nicole & Shaun will be standing by their side and helping in any way they can. Shaun and Nicole have a lot in common besides the military. They both focus on health and fitness in their personal lives and encourage other by setting a great example. They both enjoy cooking and trying new thi...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
There is a fine line between leaving money on the table and pricing your home well. In our current market, we have very low inventory levels in many price points.  This doesn not, however, mean that you can price your home higher than market value and expect it to sell.  It is critically importnat that you take the advice of your Realtor and price your home within the parimeters of the homes that are selling in your area.  It does no one any good to have a high priced home sit on the market.  After a certain period of time on the market, buyers start to wonder what is wrong with your home that it has not sold in a sellers market.  No time like the present to get your home listed and sold Call TODAY   231-944-9906 to speak to one of our Realtors about listing your home Be sure to ask abo...
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By Jon Becker, Associate Broker
(Century 21 Northland)
Century 21 Northland of Traverse City was the #1 Office in Michigan & the Great Lakes Region for 2013!!!  Thinking of buying or selling in the Grand Traverse Area?  Contact Jon Becker anytime.   231-342-5401   jon@c21jb.com  FINAL: 2013 Rankings for Great Lakes   Rank Office Name City / State AGC 1 CENTURY 21 Northland Traverse City, MI $4,653,594.78 2 CENTURY 21 Curran & Christie Dearborn Heights, MI $4,435,830.07 3 CENTURY 21 Signature Realty Saginaw, MI $3,228,885.40 4 CENTURY 21 Row Livonia, MI $2,837,307.41 5 CENTURY 21 Town & Country Royal Oak, MI $2,644,265.59 6 CENTURY 21 Town & Country Troy, MI $2,629,803.22 7 CENTURY 21 Curran & Christie Dearborn, MI $2,440,281.63 8 CENTURY 21 Town & Country Clinton Township, MI $2,249,165.02 9 CENTURY 21 Town & Country Utica, MI $2,186,895.34...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
We are seeing higher than normal snow fall this winter and it is causing some challenges with furnaces.    Cherry Wings Realty has received a record number of calls the past few days from tenants stating that they have no heat.  What we are finding is that the furnace vents and air intake pipe openings are not being kept clear of snow. It is also important that you have a functioning carbon monoxide detector in your home. High-energy furnaces have fresh air intake pipes, which can easily become buried in the snow.  To find where your pipe is to check on it, follow the PVC piping from your furnace to where it exits your home.  It will either go out the side of your house or up through your roof.  If this intake is blocked with snow, it will send a message to the unit and it will shut dow...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Update Inventory levels are at a critical low in many segents If you are thinking of putting your home on the market in the Spring You may want to re-think and get your home listed NOW!! Competition is low and prices are up Call TODAY  231-944-9906 Ask about our January Listing Special - you won't want to miss out of this!!! Looking to Buy?  -  Ask about our Hero Rewards Program!!     Weekly Market Statistics          01/20/2014 thru 01/26/2014 137 New Listings 42   Closed Sales 238 Pending    Sales By Classification 29  Residential $71,500 to $935,000  Median $150,000 Mean $216,351 11  Vacant Land $7,000 to $200,000 Median $27,500 Mean $53,681  2   Commercial $905 Lease to $178,000    Sales by Location 05 Antrim County 03 Benzie County 24 Grand Traverse...
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By Cherry Wings Realty, Your Traverse City Michigan Realtor
(Cherry Wings Realty)
Traverse City Real Estate Market Report We are seeing a slight mid-winter slow down, which is normal. Inventory levels in many off-water markets is still VERY low Values are still on the rise for off-water homes Looking to buy or sell?  ~  Call Today  231-944-9906 to speak with one of our Real Estate Specialists.   Be sure to ask about our Hero Rewards Program.     Weekly Market Statistics          01/13/2014 thru 01/19/2014 114 New Listings 58   Closed Sales 228 Pending    Sales By Classification 42  Residential $20,000 to $538,500  Median $177,500 Mean $195,992 13  Vacant Land $18,500 to $725,000 Median $189,000 Mean $189,326  3   Commercial $13 SF Lease to $170,000    Sales by Location 03 Antrim County 08 Benzie County 31 Grand Traverse County 06 Kalkaska County 10 Leelanau County 00...
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