Traverse City Real Estate in Northern Michigan

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Traverse City Homes for Sale - Real Estate in Traverse City

Traverse City: The Northern Michigan area offers a range of sophistication and culture that is exceptional in a rural or small town setting. Named one of the country’s Top 10 places to live by Outside Magazine, Traverse City is the Cherry Capital of the World and is one of the fastest growing regions in Michigan. With a spectacular natural environment, many safe and friendly communities, and comparatively lower housing costs than most metropolitan areas, one can easily see why Traverse City is a great place to live. Waterfront living is almost a given with the miles of Lake Michigan, Grand Traverse Bay and serene inland lake shoreline. Historic neighborhoods abound, or if you prefer something more rural but still minutes from downtown, Traverse City offers the best of both worlds. Excellent health care and employment opportunities are provided by the Munson Medical Center, which does its part in supporting Traverse City as the center of northern Michigan’s medical care system. Traverse City boasts plenty of shopping, whether you prefer a mall setting or unique shops in the city’s historic downtown area. The area offers a public school system that is among the best in the state, as well as private, parochial, and excellent higher education options. Traverse City provides a small-town feel with proximity to work and amenities that are a necessity in this day and age. Real estate options consist of single-family homes, condominiums, waterfront homes, resort-style living, and land for custom building.


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Traverse City Real Estate Prices of Homes for Sale in Traverse City Michigan


Traverse City real estate prices for residential homes for sale start below $200,000 and range as high as $4.5 million for lavish estates on large lots. Traverse City offers luxury waterfront properties for sale. Foreclosure properties can be a great investment opportunity, please check back for new updates. There are many neighborhoods to choose from, such as historic downtown, or popular suburban-like environments tailored to a safe family atmosphere. The Traverse City area also offers an abundance of recreational land for sale. World-class hunting and fishing along with other outdoor recreational activities are primary reasons as to why residents enjoy living here. Condominium and resort-style living is offered on many different levels as well as retiree and assisted living opportunities for our many seniors that call Northern Michigan their home. Large acreage parcels, cabins in the woods, lakefront, riverfront, downtown neighborhood living and more are available here.

View Current Rates
-- May 19th, 2012 --
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 30 yr. fixed rate: 3.73%
 15 yr. fixed rate: 3.03%
 30 yr. jumbo rate: 4.39%
 15 yr. jumbo rate: 3.60%
Average Prices of 3 Bed Homes
-- May 19th, 2012 --
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 2 Years Ago  $262,000
 1 Year Ago  $256,000
 6 Months Ago   $255,000
 1 Month Ago  $255,000
 Today  $248,000

Traverse City Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $248,689 compared to $248,135 the previous week, for a slight increase of less than +1%.  For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Traverse City MI. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Traverse City to help you find the best home!


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