real estate Archives

Commercial real estate can spur residential development

Commercial real estate has been on the uptick for Northern parts of Michigan and Grand Traverse County for a while now. Growth in commercial real estate frequently spurs growth in residential development and the Traverse City area is no exception. A new residential development is under way for the Hammond Road area.

Real estate still booming in Northern Michigan

Summer is coming and Grand Traverse County is looking forward to a healthy tourist season. Northern Michigan is becoming a tourist destination, and this is contributing to strong growth in the commercial real estate industry in and around the area. Much of this business is food-centered as hungry tourists must be fed.

Economic opportunity contributing to real estate growth

Northern Michigan is enjoying a renaissance and Grand Traverse County is reaping some of the benefit. Traverse City has long been a tourist destination for its beautiful scenery, including both forests and beaches. People have come to the area for vacation but now the perception of the area is changing. It is becoming an appealing location for businesses, and this is having a positive impact on the real estate environment.

Real estate development potential in underused building

Traverse City continues to enjoy a surge in development as projects in the downtown area are undertaken and new opportunities still exist. There is a large building downtown that is unused and could present an interesting real estate investment opportunity. This part of Michigan is continuing to be a healthy market for potential investors.

2019 shaping up to be another good year for real estate

The holidays are over, and people are turning their attention to hopes and plans for 2019. Some of these plans include real estate purchases. According to local experts, the 2019 market in real estate will probably resemble the 2018 market. In northern Michigan, that spells good news as the local market was very healthy in 2018.

Farm land may be valuable real estate in northern Michigan

Real estate in the Traverse City region of Michigan continues to be a promising prospect. There are significant commercial and residential projects in the works. Another area that shows promise is in the farming industry. According to one real estate source, one of northern Michigan's biggest assets may be its farmland.

Community involvement in real estate development benefits all

Development continues in the Grand Traverse area in Michigan. An exciting real estate project was recently announced, and the community has an opportunity to invest in the project. The multi-million-dollar mixed-use building project is scheduled to begin in the summer of 2019. Community residents have an opportunity to buy in as part owners.

The real estate market is healthy in northern Michigan

Grand Traverse County, Michigan, and surrounding areas continues to be healthy environment for buying and selling property. Prices of single family homes in the region have largely seen an increase. The number of homes available has largely gone up while there has been a decrease in average days on the market (DOM). This all points to continued health in the real estate market.

Hotels are making an impact in Traverse City real estate

The hotel industry in the Traverse City area is experiencing a fair amount of activity. Properties for sale have been sold, and there are additional projects in the proposal phase. This points to increased growth and opportunity in the local hotel and corporate real estate industry in Michigan.