Why Live in East Traverse City
At the start of the Old Mission Peninsula, East Traverse City offers a slow-paced lifestyle by Grand Traverse Bay and its two arms, known locally as East Bay and West Bay. “I’m a big advocate for [East Traverse City],” says Brian McGillivary, a Realtor with Berkshire Hathaway HomeServices, who has lived in the neighborhood for about 25 years. “It’s quieter and less congested, but you’re still right on the edge of downtown.” For some, it’s a modest place to live, convenient not only to downtown but to neighborhood stores, restaurants and public beaches. Those with waterfront properties enjoy the same amenities along with their million-dollar estates. Life by the water here also comes with a unique weather phenomenon. “We have three seasons: winter, summer and fall,” McGillivary says. “We don’t really have spring weather because the bay is a big ice cube that keeps the area cold. We basically have a long extension of winter, and then boom — it’s summer.” East Traverse City has a mix of condominiums and single-family homes. One-to-three-bedroom condos sell for around $200,000 to $500,000. As for single-family homes, small cottages and ranch-style homes sell for around $160,000 to
Home Trends in East Traverse City, MI
On average, homes in East Traverse City, Traverse City sell after 34 days on the market compared to the national average of 51 days. The median sale price for homes in East Traverse City, Traverse City over the last 12 months is $350,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$370,000
Median Townhouse Sale Price
$381,400
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$237,000
Average Price Per Sq Ft
$324
Number of Homes for Sale
14
Last 12 months Home Sales
118
Median List Price
$365,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%