
Leelanau Average Home Sale Price Eclipses Those In Surrounding Counties
By Ross Boissoneau | March 28, 2022
Sales of residential real estate in Leelanau show numbers going in opposite directions. The number of homes sold last month was down to 18 from 23 in February 2021. But the sales volume is up, to $16,196,225 from $12,604,120 last year. That means there is a huge disparity in the average sale price, as it jumped to $899,790 for February 2022 from $548,005 a year earlier. Those figures are all higher than their counterparts in Grand Traverse, Benzie, and Antrim Counties, the other counties served by Aspire North. They also reflect a similar trend, where every county save Antrim was down in the number of sales, while showing an increase in sales price, excepting Kalkaska County.
The shifts in the economy, with rising inflation and interest rates, along with the fears following the war in Ukraine and significantly higher energy costs, are seemingly being balanced by the continued scarcity of homes available for sale. Those also show up in the figures for the year to date, with 38 sales in the county for January and February this year, compared with 51 the year prior. One has to go back to 2018 to see a lower number of home sales. Yet the average price has never been higher, and the average number of days a home is on the market has never been lower, at 86.
CommentLeelanau Energy Decries 'Disastrous' Federal Budget, Warns Of Adverse Impacts For Clean Energy
Local grassroots group Leelanau Energy has issued a warning about the potentially dark future for renewable energy …
Read More >>Trattoria Stella Owner And Partners Buy Shady Lane Cellars, Plot 'Transformational Rural Development Initiative'
A seasoned Traverse City restauranteur and partners are buying the Shady Lane Cellars property in Suttons Bay, …
Read More >>County Board Tables Decision On License Plate Recognition Cameras In Leelanau County
Should Leelanau County buy into an increasingly popular law enforcement tool?
That question was a major topic …
Read More >>The Latest Leelanau County Blotter & 911 Call Report
The Leelanau Ticker is back with a look at the most alarming, offbeat, or otherwise newsworthy calls …
Read More >>