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Spring is in the Air 231-838-6700 | www.PatLeavy.coM
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REAL ESTATE MARKET UPDATE
Why Now is the Time to List
T
here is a good chance you’ve been hearing about how hot the real estate market is. Like many property owners, you may be considering a move but you’ve been waiting for the right time. As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling. 2017 was a record year as you can see from the stats in the charts. In 2016 the total volume sold was $383,192,993 and in 2017 the total volume sold was $503,365,253, which was a 31% increase. The average sale price of homes and condos in 2016 was $265,369 and in 2017 was $326,887. This is a 23% increase. These are amazing numbers for anyone considering selling.
Homes & Condos up AVERAGE SALE PRICE 23%
2017 $326,887
up% 7
NUMBER OF TRANSACTIONS SOLD
2016 $265,369
2017 1540
2016 1444
Average Days On Market HOMES 2018 January / Febraury
163
$250,000,000 –
down% 6.86
down% 15.65
CONDOS 2018 January / Febraury
2017 January / February
2017 January / February
167
175
198
Top 10 Offices in 2017 - Volume Sold
$200,000,000 –
$150,000,000 –
$100,000,000 –
$50,000,000 –
*According to NMMLS
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Kidd & Leavy Real Estate Co. LLC
Graham Real Berkshire Estate Hathaway Charlevoix
Pat O’Brien & Associates Boyne City
Coldwell Banker Schmidt Petoskey
Harbor Real Estate Sothebys One Petoskey International Realty
Coldwell Banker SchmidtHarbor Springs
Berkshire Hathaway Harbor Springs
Pat O’Brien & Associates Charlevoix
3/19/18 9:15 AM
2017 was a record year for me and I ended the year with over $95,000,000 in sales.
I
’m sharing this information with you because since I sold so many of my listings last year, my inventory for properties for sale is now low. I am hearing from my prospective buyers that they just can’t find what they are looking for. Prices are rising with the inventory so low. I’d love to visit with you to talk about your property and tell you what your current market value is today! I can offer you marketing and a sales history unlike any other agent. I was the #1 real estate agent in Northern Michigan in 2013, 2014, 2015, 2016 and 2017. I have reservations in numerous magazines for ads in 2018 and I would love to include your property. If you have ever considered selling, please give me call or send me an email. I work hard for my sellers to get their properties sold and make them the most money possible.
Transactions Sold
Pat’s Stats Volume Sold
Average Sale Price
2017 - 81
2017 - $95,550,814
2017 - $1,189,429
2016 - 67
2016 - $66,019,750
2016 - $992,778
up 20.89%
up 44.73%
WHY PAT LEAVY
Why Pat Leavy
up 19.80%
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PAT LEAVY’S RECENT SALES
LAKE CHARLEVOIX
SOLD
SOLD
445 Crooked Tree Drive
2421 Eagle Island Road
Charlevoix
Petoskey
Boyne City
$10,900,000
$599,000
$1,375,000
WALLOON LAKE
BOYNE CITY
LAKE MICHIGAN
SOLD
SOLD
SOLD
06124 East Bay Drive
313 Front Street
409 Glenn Drive
Boyne City
Boyne City
Harbor Springs
$1,590,000
$759,000
$11,495,000
WATER VIEWS
WALLOON LAKE
WALLOON LAKE
SOLD
SOLD
4036 Harborview Ridge
5145 Indian Garden Road
5112 Lake Grove
Bay Harbor
Petoskey
Petoskey
$760,000
$2,599,000
$4,100,000
LAKE MICHIGAN
LAKE MICHIGAN
WALLOON LAKE
SOLD
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SOLD
WALLOON LAKE
10034 / 9875 Anglers Cove
SOLD
2
PETOSKEY WATER VIEWS
SOLD
SOLD
4010 S Lake Shore Drive
4040 S Lake Shore Drive
04760 Longfield Farm Trail
Harbor Springs
Harbor Springs
Boyne City
$500,000
$3,750,000
$2,550,000 3/14/18 4:41 PM
WALLOON LAKE
SOLD
SOLD
WALLOON LAKE
SOLD
8926 M-68
3749 M-75
04029 M-75
Indian River
Boyne City
Walloon Lake
$699,000
$1,450,000
$1,150,000
LAKE CHARLEVOIX
DOWNTOWN PETOSKEY
LAKE MICHIGAN
SOLD
SOLD
SOLD
5131 Maple Grove Road
924 E Mitchell
3830 Peninsula Drive
Charlevoix
Petoskey
Bay Harbor
$5,900,000
$970,000
$1,150,000
LAKE MICHIGAN
LAKE MICHIGAN
LAKE MICHIGAN
SOLD
SOLD
SOLD
4250 Peninsula Drive
7164 N Preserve Drive
7194 N Preserve Drive
Bay Harbor
Bay Harbor
Bay Harbor
$4,990,000
$599,000
$825,000
LAKE MICHIGAN
ROUND ISLAND
MULLET LAKE
SOLD
SOLD
SOLD
7224 N Preserve Drive
27300 S Round Island
560 Scotts Bay Drive
Bay Harbor
Goetzville
Indian River
$1,599,000
$1,725,000
$870,000
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PAT LEAVY’S RECENT SALES
BURT LAKE
3 3/14/18 4:41 PM
PAT LEAVY’S RECENT SALES
WALLOON LAKE
WALLOON LAKE
SOLD
SOLD 1271 South Shore Drive
3003 St. Louis Club Road
Boyne City
Boyne City
Petoskey
$2,142,500
$799,000
$987,000
LAKE MICHIGAN
BAY HARBOR LAKE
BAY HARBOR LAKE
SOLD
SOLD
SOLD
3390 Village Harbor Drive
930 Vista Drive
1060 Vista Drive
Bay Harbor
Bay Harbor
Bay Harbor
$1,499,000
$1,499,000
$1,149,000
BURT LAKE
WATER VIEWS
WATER VIEWS
SOLD
SOLD
1712 S Wahbee
3376 Cliffs Drive
3564 Cliffs Drive
Indian River
Bay Harbor
Bay Harbor
$699,000
$599,000
$609,000
CROOKED LAKE
WALLOON LAKE
BAY HARBOR LAKE
SOLD
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SOLD
769 / 779 South Shore Drive
SOLD
4
WALLOON LAKE
SOLD
SOLD
7169 Stanley Court
7851 & 7859 Zenith Heights Rd
1090 Vista Drive
Petoskey
Boyne City
Bay Harbor
$899,000
$999,000
$1,049,000 3/14/18 4:41 PM
PAT LEAVY’S ACTIVE LISTINGS
BAY HARBOR WATERFRONT
BAY HARBOR WATER VIEWS
BAY HARBOR WATER VIEWS
7384 N Preserve Drive, Bay Harbor
602’ of Waterfront 3.6 Acres | Permitted for Private Marina
4200 Main St. #12, Bay Harbor 2 Bedrooms | 2½ Baths 1,330 Sq. Ft. | Furnished
4040 Harborview Ridge, Bay Harbor 4 Bedrooms | 4½ Baths 4,000 Sq. Ft. | Sunset Views
$4,900,000
$219,000
$964,900
WALLOON LAKE ACCESS
BAY HARBOR WATER VIEWS
MACKINAC ISLAND
2816 Park Lane, Boyne City 3 Bedrooms | 3 Baths 3,876 Sq. Ft. | 737’ of Shared Waterfront
Unit #17 Bay Ridge, Bay Harbor Golf Course Homesite | Sunset Views
3821 Cedar Point Ln., Mackinac Island 5 Bedrooms | 3½ Baths 4,500 Sq. Ft. | 100’ of Waterfront
$489,000
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$229,000
BAY HARBOR GOLF COURSE
BAY HARBOR WATER VIEWS
6737 Cottage Court, Bay Harbor 5 Bedrooms | 3½ Baths 3,270 Sq. Ft. | Remodeled
5904/5934 Coastal Cliffs Ct., Bay Harbor 6 Bedrooms | 4½ Baths Sunset Water Views | Guest House
$386,000
$2,499,999
$2,695,000 WALLOON LAKE WATERFRONT
TBD Eagle Island, Boyne City
100’ of Waterfront | 2.5 Acres
$395,000 3/14/18 4:41 PM
PETOSKEY
WALLOON LAKE WATERFRONT
1821 Killarney, Petoskey 100’ of Waterfront | Flat Lot
201 Lakewood Court, Petoskey 3 Bedrooms | 2½ Baths 1,848 Sq. Ft. | Remodeled
Lot 4 Camp Daggett Rd., Petoskey 280’ of Waterfront | 7.65 Acres
$599,000 BAY HARBOR WATER VIEWS
$329,000
$1,824,550
HARBOR SPRINGS
PETOSKEY
145 Traverse Street, Harbor Springs 4 Bedrooms | 5 Full / 3 Half Baths 8,824 Sq. Ft. | 3 Car Garage
6 Bedrooms | 3½ Baths 4,900 Sq. Ft. | 3 Car Garage
$5,000,000
$769,000
LAKE CHARLEVOIX WATERFRONT
LAKE MICHIGAN WATERFRONT
BAY HARBOR WATERFRONT
07575 Indian Trails, Charlevoix 5 Bedrooms | 5½ Baths 285’ of Waterfront | 2.5 Acres
3707 Pointe Drive, Mackinaw City 2 Bedrooms | 1 Bath 201’ of Waterfront | 2 Car Garage
3830 Peninsula Dr. Lot #27, Bay Harbor
$4,999,000
$415,000
$1,299,000
7554 N Preserve Drive, Bay Harbor
Expansive Sunset Water Views
$170,000
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PAT LEAVY’S ACTIVE LISTINGS
WALLOON LAKE WATERFRONT
3443 Aurora, Petoskey
130’ of Waterfront Sunset Water Views
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PAT LEAVY’S ACTIVE LISTINGS 6 17300.indd 8
LAKE CHARLEVOIX
BOYNE CITY
BAY HARBOR WATER VIEWS
527 Bay Street, Boyne City 5 Bedrooms | 4½ Baths 3,490 Sq. Ft. | 100’ of Waterfront
04587 Reycraft, Boyne City 6 Bedrooms | 6 Baths 104 Acres | 3 Car Garage
4200 Main Street, Bay Harbor 2 Bedrooms | 2½ Baths 1,330 Sq. Ft. | Furnished
$1,799,000
$950,000
$170,000
BAY HARBOR WATER VIEWS
MULLET LAKE
BAY HARBOR
3600 Vlg. Hbr. Dr. #64, Bay Harbor 3 Bedrooms | 3 Baths 2,035 Sq. Ft. | Incredible Rental
10 Bedrooms | 10 Full / 5 Half Baths 14 Acres | 1,500’ of Waterfront
3063 Red Pine Pt. Dr., Indian River
4205 Main Street, Bay Harbor 2 Bedrooms | 2 Baths 1,155 Sq. Ft. | Furnished
$449,000
$5,500,000
$260,000
LACHINE
BAY HARBOR WATER VIEWS
LAKE MICHIGAN WATERFRONT
140 Beaver Creek, Lachine 16 Bedrooms | 7½ Baths 3,000 Acres | 4,400’ of Waterfront
Unit 15 & 16 Bay Ridge Drive, Bay Harbor
Sunset Water Views
14581 Park Ave., Charlevoix 3 Bedrooms | 3½ Baths 2,426 Sq. Ft. | Remodeled
$5,900,000
$499,000
$2,990,000 3/14/18 4:41 PM
WALLOON LAKE
SOLD
LAKE MICHIGAN
SOLD
SOLD
00483 Shadow Trails Road
7881 Indian Garden Road
558 W Lake Street
Boyne City
Petoskey
Petoskey
$990,000
$1,000,000
$1,265,000
BURT LAKE
CROOKED LAKE
LAKE CHARLEVOIX
SOLD
SOLD
SOLD
3018 W Burt Lake
7301 Channel Road
4030 Springwater
Brutus
Petoskey
Boyne City
$1,390,000
$1,395,000
$2,199,000
LAKE CHARLEVOIX
NORTHERN MICHIGAN
SOLD 4000 Hemingway Pointe Club
East Jordan
$549,900
SOLD The Next One Could Be You!
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PAT LEAVY’S RECENT SALES
WALLOON LAKE
5 3/14/18 4:41 PM
Pat Leavy
USPS Mktg. Mail Postage Paid Petoskey, MI Permit No. 110
Kidd & Leavy Real Estate 325 E. Lake St. Petoskey, MI 49770 (231) 838-6700
Pat Leavy W
231-838-6700 | www.PatLeavy.coM | patleavy@kiddleavy.com hether you’re buying or selling a vacation home or yearround residence in beautiful Northwest Michigan, Pat believes buying a home is more than square footage and a floor plan. Northern Michigan is an extraordinary opportunity to experience and share a real treasure. Pat becomes personally involved in your pursuit to buy or sell your property. He has invested 18 years in the market area and has attained the leading position as the realtor of choice which means every shopper in the Petoskey, Bay Harbor, Burt Lake, Walloon Lake, Charlevoix, Harbor
Springs, and Boyne City area begins their quest with a look at the window at Kidd Leavy Real Estate, located in downtown Petoskey, Walloon Lake and Boyne City. His enthusiasm and knowledge of the market translates into results for you. Pat would consider it a privilege to work with you, regardless of the value of your property. Pat can be reached at (231) 838-6700 or email him at patleavy@kiddleavy.com. View properties 24 hours a day at www.patleavy.com.Â
Photo Credit: Carol Greenslade
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3/19/18 9:17 AM
BAY HARBOR WATER ACCESS
WALLOON LAKE WATERFRONT
Only Double Sided Lot Available 130’ on Bay Harbor Lake and Lake Michigan
4190 Peninsula Drive, Bay Harbor
3770 N Beach Street, Bay Harbor 5 Bedrooms | 5½ Baths 5,500 Sq. Ft. | Sunset Views
1171 Linwood Lane, Petoskey
$2,400,000
$1,990,000
$599,000
BAY HARBOR WATERFRONT
LAKE CHARLEVOIX WATERFRONT
LAKE MICHIGAN WATERFRONT
3275 Village Harbor Drive, Bay Harbor 5 Bedrooms | 4 Full / 2 Half Baths 159’ of Waterfront | Private Dock
1251 Lakeshore Drive, Boyne City 3 Bedrooms | 2 Baths
137’ of Waterfront
9 Bedrooms | 7 Baths | 3 Guest Houses 2,000’ of Shared Waterfront
$2,199,000
$625,000
$1,399,000
94’ of Waterfront Sunset Views | Flat Lot
2841 N. Lake Shore, Harbor Springs
WALLOON LAKE WATERFRONT
LAKE MICHIGAN WATERFRONT
LAKE CHARLEVOIX VIEWS
LAKE CHARLEVOIX WATERFRONT
Lot 3 Camp Daggett Rd., Petoskey
114’ of Waterfront 7.65 Acres
3739 Pointe Dr., Mackinaw City 3 Bedrooms | 2 Baths 1,838 Sq. Ft. | 130’ of Waterfront
311 Front St., Boyne City 4 Bedrooms | 3½ Baths 2,725 Sq. Ft. | New Build
527 Bay St., Boyne City
$1,000,000
$595,000
$737,500
$599,000
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PAT LEAVY’S ACTIVE LISTINGS
BAY HARBOR WATERFRONT
100’ of Waterfront Build to Suit
9 3/19/18 9:16 AM