Jan. 11, 2021
The actual property market ended 2020 on one other excessive notice, with a record-breaking month of December serving to to high all earlier year-end numbers. The 326 house gross sales final month for $123,999,847 dwarfed earlier totals, with the subsequent highest models being 305 in December 2016, whereas the gross sales quantity in December 2019 of $90,797,031 was the earlier high-water mark. The 153 houses bought in Grand Traverse County was truly decrease than December 2019’s 164, although the gross sales quantity from final month was increased ($56,893,917 in comparison with $47,512,349). The county with the biggest acquire was Benzie, with 49 houses bought in comparison with 28 in December 2019; its greenback quantity was moe than doubled, at $17,955,566 versus $6,968,550.
Gross sales for everything of 2020 topped the $1 billion mark for the second 12 months in a row. The gross sales of three,455 houses within the five-county space totaled $1,220,513,667; gross sales in 2016 had set the earlier file of three,389 houses bought, whereas the gross sales quantity of $1,026,722,416 in 2019 was subsequent greatest. Residential waterfront properties set a file with 780 gross sales for $474,067,731, besting 2016’s 764 gross sales and the $361,157,394 of 2019. Vacant land additionally rebounded to a level not seen beforehand, with 1,237 parcels for $122,784,190. The subsequent greatest years had been 2018, with 967 parcels bought for $96,088,250, and 2017, with 971 bought for $87,135,606.
