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Homes still pricey as Leelanau inventory remains tight

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Steady and tight. Perhaps those are the bywords to describe the real estate market in 2023 in Leelanau County. Overall, the market continued to slow down from the pace of 2020 and 2021. While residential real estate sales in Leelanau County for 2023 bested those of 2022, those totals lag behind the number of homes sold at the height of the pandemic. There were 377 sales for a total volume of $273,320,611 in 2023. That topped the previous year’s 358 for $268,182,620, though the average sale price dropped slightly, at $724,988 last year from $749,113 for 2022. Those numbers tell a different story than those of the peak years of 2020, 2021 and 2022.

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Realtors help new Glen Lake superintendent find local home

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It’s a well-known story. Finding an affordably-priced home in Leelanau County is difficult. For Glen Lake School, finding the right superintendent has also been a challenge. Jason Misner started on the job in August. The local community wanted to make sure the Misner family stayed. That meant finding them a home. Up stepped local realtors, who gave them a head start and opportunity to make an offer before a potential bidding war began on the house previously owned by the late John Peppler.

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Real estate sales dwindling, prices peaking

Over the past couple years the real estate industry has seen unprecedented ups and downs: Ups as prices have steadily increased, and downs in terms of the number of homes available for sale. That’s been particularly true in Leelanau County, writes Ross Boissoneau in our October edition.

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Ihme tops local realtors, acquires Glen Arbor Realty

LVR Realty owner Ranae Ihme enjoyed a banner 2016. She was the highest grossing agent in Glen Arbor (within the Traverse Area Association of Realtors (TAAR) MLS system) and was the third highest grossing agent in Leelanau County last year.

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Real estate sales surge in Glen Arbor

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It wasn’t quite a “road to Damascus” epiphany, but Rob Serbin did find the road to Little Traverse Inn last year. The Glen Arbor realtor finally sold the restaurant on M-22 for the second time in seven years, this time to Scotsman Graeme Leask, after it sat idle on the market for 18 months. The sale was emblematic of Serbin’s monster year, which saw his company’s net sales surge by 250 percent. Numerous realtors in the Glen Arbor area shared that good fortune.

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