Traverse City MI Real Estate Market News

Just the facts: In 2009 there were 1069 residential properties sold in Grand Traverse County. Of those 254 were foreclosure homes or tagged as bank owned. That's only 23.7%. Compared with other markets, Traverse City real estate reports a fairly low foreclosure rate. The (monthly) high for 2009 was 34% (March/09) for Traverse City foreclosures reported in Grand Traverse county. The reason for the overall yearly reduction is twofold. One factor is short sales are becoming increasingly vogue and secondly, regular home owners are discounting their prices in tandem with Traverse City foreclosure pricing. Many people have wondered how to find waterfront foreclosures in Traverse City? Click Here to see all waterfront foreclosures in Traverse City. How many of the residential sales were "waterfront foreclosures" in 2009? Answer: 25 Total in 2009. Below is a table to provide some of this interesting data:

2009 Waterfront Foreclosure Report Grand Traverse County
MLS # Ask Price Address City Zip Township #BR #BA Apx Abv Grd Finished SQFT Days On Market Approx Year Built Closing Date Sold Price
1702864 $36,000 1560 MELODY LN Interlochen 49643 Green Lake 3 2.00 1450 179 1995 10/13/2009 $28,000
1708742 $279,000 11036 PENINSULA DR Traverse City 49686 Peninsula 3 2.00 1711 42 1948 10/30/2009 $332,500
1704407 $200,000 5188 SCOUT CAMP RD Traverse City 49686 East Bay 4 2.00 1190 102 2000 7/17/2009 $193,400
1696402 $69,900 4101 INDIANA AVE Interlochen 49643 Green Lake 4 2.00 1440 215 1989 4/1/2009 $65,000
1708009 $165,000 4656 GARDEN CT Traverse City 49684 Garfield 4 2.75 1480 113 1978 12/18/2009 $152,000
1701001 $86,000 156 PENINSULA TRL Traverse City 49686 East Bay 2 1.00 1040 63 1984 4/24/2009 $86,000
1694769 $239,900 9202 PENINSULA DR Traverse City 49686 Peninsula 4 1.50 2224 189 1970 1/16/2009 $199,500
1707126 $76,500 10776 WHITE PINE RD Interlochen 49643 Green Lake 2 1.50 864 51 1973 9/18/2009 $76,500
1700334 $94,900 88 N HOBBS HWY Traverse City 49686 East Bay 3 1.00 1200 137 1950 6/12/2009 $90,000
1703748 $856,000 2912 CRESCENT SHORES DR Traverse City 49684 Long Lake 3 2.50 1858 56 2007 7/2/2009 $815,000
1701045 $400,500 7134 HENDERSON DR Traverse City 49686 Peninsula 4 3.50 2894 40 1974 4/1/2009 $390,000
1699970 $99,500 565 BOARDMAN VIEW DR Traverse City 48684 Garfield 3 1.00 1144 61 1975 3/16/2009 $98,500
1702424 $585,000 14961 SHIPMAN RD Traverse City 49686 Peninsula 4 3.00 1600 122 1971 8/6/2009 $403,000
1708687 $439,900 8693 UNDERWOOD RIDGE Traverse City 49686 Peninsula 5 3.50 3767 96 2001 12/23/2009 $417,905
1703845 $100,500 1928 WOODCLIFF DR Traverse City 49684 Garfield 4 2.00 1342 159 1962 10/16/2009 $103,001
1700042 $58,900 10738 WILDWOOD DR Interlochen 49643 Green Lake 2 1.00 768 108 1993 5/5/2009 $62,000
1706636 $99,900 10637 WHITE PINE RD Interlochen 49643 Green Lake 2 1.00 993 65 1974 9/17/2009 $93,000
1699778 $64,900 10235 US-31 S Interlochen 49643 Green Lake 2 1.00 972 130 1940 5/1/2009 $50,000
1706437 $77,600 1010 S LONG LAKE RD Interlochen 49643 Green Lake 2 1.00 936 96 1987 10/14/2009 $64,500
1707073 $350,000 109 E BAY CT Traverse City 49686 Traverse City 5 2.50 2208 85 1906 10/20/2009 $325,000
1708087 $234,900 9127 CENTER RD Traverse City 49686 Peninsula 2 1.00 926 70 1945 11/9/2009 $229,000
1704277 $392,999 2265 COVE DR Traverse City 49686 Long Lake 2 1.50 1352 30 1978 6/18/2009 $426,000
1697595 $190,000 2167 HOCH RD Traverse City 49686 Blair 4 3.00 1858 142 1918 2/26/2009 $145,000
1701769 $27,900 4788 OUTER DR Grawn 49637 Green Lake 3 1.00 912 15 1950 4/2/2009 $24,000
1692171 $169,900 350 ISLAND VIEW DR Traverse City 49686 Whitewater 2 1.00 616 299 1968 3/2/2009

$160,000


1 Comment

  1. Residential Real Estate 06/30/2010 at 6:31 PM

    Excellent site, keep up the good work. I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks

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Fred Schmidt Jr.

Fred Schmidt Jr.

Traverse City Real Estate | Waterfront Homes For Sale | FredSchmidt.com
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