Another year has nearly come and gone, allowing access to the promise and possibility of a fresh new year. When we reflect on our last 12 months in real estate, we consider our growth, our opportunities to learn, as well as the plethora of exceptional homes we were blessed to list.
So, in the spirit of this nostalgia, we chose a smattering of 2022’s listings and asked their listing agents to describe their favorite features of each.
770 Incochee Woods Dr. Traverse City, MI 49684
Sold Price: $1,145,000 • Days on Market: 33 • Close Date: 11/22/22
“This home had many incredible design features, however, it was the living room that captured my attention, as well as my heart. The focal wall behind the fireplace featured custom, first-cut-fir, local cherry barrel wood. As a Traverse City native with more than 50 years’ experience walking through 65,000+ homes, it was a piece of our TC history that I’d never seen represented in such a clever and unique way!”–Bob Brick
3202 Silver Farms Dr. Traverse City, MI 49684
Sold Price: $530,000 • Days on Market: 43 • Close Date: 7/14/22
“I loved that this home had a more formal sitting room just off the main living area. It provides just enough separation for different activities, but still allows for interaction between the two spaces as the family members desire. Ideal for entertaining! And the room had floor to ceiling windows — I’m always drawn to great light in a home!”-Alexa Hughes
2851 Mohawk Trace. Interlochen, MI 49643
Sold Price: $421,000 • Days on Market: 28 • Close Date: 5/18/22
“The kitchen at 2851 Mohawk Trace was a STUNNER. Open, inviting, ample counter and storage place, plenty of space to entertain…this was a homeowner’s DREAM!”– Eric Levanduski
319 Sixth St. Traverse City, MI 49684
Sold Price: $1,400,000 • Days on Market: 18 • Close Date: 9/26/22
“This Sixth Street listing had such a stunning renovation, while also simultaneously preserving its historic integrity, and mirroring its original turn-of-the-century Victorian charm. I particularly loved the beautiful kitchen and wrap-around porch!”-Darrius Norton
845 Washington St. Traverse City, MI 49686
Sold Price: $713,000 • Days on Market: 16 • Close Date: 5/27/22
“The listing I had at 845 Washington Street had such an inviting living room. It was bright and airy, with a traditional Victorian Bay window and a cozy painted brick fireplace surrounded by custom built-ins, creating an environment that made you want to settle in and relax with a good book.”-BJ Brick
5980 Ingersoll Rd. SW Fife Lake, MI 49633
Sold Price: $308,500 • Days on Market: 49 • Close Date: TBD-PENDING
“As an avid outdoorswoman myself, I especially loved the expansive and beautifully wooded property that 5980 Ingersoll Road was nestled upon. To find such a large parcel with stunning mature oak trees and frontage on an all-sports lake is a very rare gem, even in this area!”-Melanie Shepherd
2930 Wild Juniper Tr. Traverse City, MI 49686
Sold Price: $635,000 • Days on Market: 46• Close Date: 8/1/22
“I loved this beautiful Cape Cod home. Aside from its manicured grounds and elevated patio with water views, it had the most amazing all-season sunroom. This sunroom exuded joy with its cheerful paint choice and natural light, and you could almost feel the stories and memories that had made the house become a home.“–Lydia Wiley
212 Wellington St. Traverse City, MI 49686
Sold Price: $549,000• Days on Market: 49• Close Date: 11/21/22
“One of my favorite things about real estate is viewing the various types of beautiful homes, and 212 Wellington Street was no exception. What was exceptional however, is the exhilarating design choices for the home; my favorite being the wallcoverings. The vibrant hues and rich textures were thoughtfully done, and it was impossible to exit that home without feeling happier than before you went in.”–Tommy Corbett
Local Stats at a Glance
In Grand Traverse County (at time of publishing on 12/12/2022) this is how the market has performed compared to the last 2 years:
The median Days On the Market (or, DOM) fell to just 42 days.
This is the 2nd consecutive year DOM has dropped, with 47 DOM in 2021, and 57 DOM in 2020.
The median sold price rose to $365,000.
This is higher for the second year in a row, from 2021’s $315,000 and $270,000 is 2020.
This is a median sold price increase of $94,000 since the onset of the pandemic.
What does this mean for you? Put simply, the same G.T. County home that sold for $400,000 back in 2020, could possibly sell today for $494,000, in 16 fewer days on the market.
We’d love to hear from YOU!
Drop us a comment and let us know which of our 2022 listing features you liked best!