Why Live in Old Mission Peninsula
Vineyards and wine fuel Old Mission Peninsula, which stretches 19 miles into the Grand Traverse Bay of Lake Michigan, just shy of the 45th parallel. These factors create longer moderate temperatures, allowing grapes and cherries to ripen for the nearly dozen wineries in this certified American Viticultural Area. “Every winery offers a unique experience,” says Brian McGillivary, a Realtor with Berkshire Hathaway HomeServices, who has lived in Traverse City for about 25 years. “They make world-class wines that win awards every year.” In 2022 and 2023, USA Today ranked it the second-best wine region in the country. The peninsula splits Grand Traverse Bay into what locals refer to as the East and West Bays, which have waterfront homes and convenient beach access. From condos to single-family homes, there’s a lot to contemplate. “There are a thousand things that play into home values here,” McGillivary says. “Do you have a shared or private waterfront? Some have docks and some don’t. You may or may not have a water view. You could be right on the water or you may have to cross a busy road to get to the beach. The East Bay has the sunrise and the West Bay tends to be pricier because it
Home Trends in Old Mission Peninsula, MI
On average, homes in Old Mission Peninsula, Traverse City sell after 56 days on the market compared to the national average of 51 days. The median sale price for homes in Old Mission Peninsula, Traverse City over the last 12 months is $795,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$795,000
Median Single Family Sale Price
$799,950
Median Townhouse Sale Price
$495,000
Median 2 Bedroom Sale Price
$595,000
Median 1 Bedroom Sale Price
$420,000
Average Price Per Sq Ft
$558
Number of Homes for Sale
34
Last 12 months Home Sales
218
Median List Price
$815,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-11%