
By The Numbers: Leelanau Continues On A Real Estate Tear
By Ross Boissoneau | April 16, 2021
Real estate sales continue to show nearly unprecedented growth in the county. Last month, residential sales topped $21,000,000, besting all previous records for March.
A total of 39 homes were sold at a dollar volume of $21,320,319, for an average sales price of $546,674. Sales in March 2020 were 29 units at $11,493,185, or an average of $396,316. The highest number of homes sold previously was in March 2017, when 32 homes sold across the county, though the total of $10,724,834 and average of $335,151 both lagged behind last year. The average of 114 days on the market also was the best over the past decade. Last March, that number was 141.
Figures provided by the Northern Great Lakes Realtors MLS show continued strength across the region for the entire first quarter. Residential sales of 595 units included increases in both waterfront homes and condominium sales. That number was 582 for January through March of 2020. The corresponding dollar amounts jumped as well, to $210,666,022 from $163,397,361. The sales of vacant parcels more than doubled compared to the first quarter of 2020, at 376 (87 waterfront) versus 158 (32 waterfront). The total dollar amount more than tripled, at $46,965,210 compared with $13,109,799.
All real estate sales are bound to show greater strength over the next couple months compared to those from 2020.
Photo: A $699,000 waterfront lot in Northport, listed by Coldwell Banker Schmidt-Leland.
CommentThe 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 >>M-22 Challenge Seeks Volunteers
The M-22 Challenge, which takes place June 14th, has been voted as one of the best …
Read More >>Friendship Community Center Plots Leelanau County Volunteer Fair For May 19
The Friendship Community Center in Suttons Bay, home to Leelanau Investing For Teens (LIFT), will host a …
Read More >>M22 Expands To Suttons Bay, Cedar Gets An Indie Bookshop; Other Leelanau Business News
Spring is blooming throughout Leelanau, and with it, the county is seeing its typical post-winter deluge of …
Read More >>