Traverse City Experiences Growth with New Real Estate Office

News Summary

Traverse City, Michigan, is witnessing a significant growth in its real estate sector, driven by a surge in home sales and new business openings. A new office by @properties REMI Christie’s International Real Estate has opened downtown, targeting top local agents and reflecting economic vitality. Recent reports show a 33% increase in home sales from May to June, alongside a notable demographic shift as the city attracts new residents seeking a sustainable lifestyle. Continued infrastructure improvements and community initiatives further enhance Traverse City’s appeal as a thriving destination.

Traverse City Experiences Growth with New Real Estate Office and Rising Home Sales

Traverse City has welcomed a new real estate office in the downtown area, signaling ongoing growth in the local housing market. The @properties REMI Christie’s International Real Estate has recently opened its doors in the historic former Cousin Jenny’s building, located at the intersection of Union and State streets. This development is attracting top local real estate agents, contributing to the dynamism of the region’s housing sector.

New Office Attracts Leading Agents

The new office has quickly become a hub for high-performing local real estate professionals. Its strategic location in downtown Traverse City, coupled with the reputation associated with the Christie’s brand, renowned globally for luxury auctions, positions it as a prominent player in the regional market. The influx of skilled agents suggests confidence in the area’s continued growth and a commitment to serving an expanding client base.

Market Surge Evident in Home Sales

Recent data indicates a significant uptick in home sales within Grand Traverse County. In June alone, 282 homes were sold, marking a 33% increase from May’s total of 212. This sharp rise underscores a robust rebound in the local housing market, despite overall variations year-over-year.

Looking at the first half of 2025, the total number of homes sold approaches the pace of the previous year, with 1,099 properties changing hands by the end of June. Nonetheless, this figure reflects a slight decline of 1.9% compared to the same period in 2024, which recorded 1,120 sales. Historically, the record for year-to-date sales through June was set in 2021, when 1,459 homes were sold.

Factors Influencing the Market and Community Development

The region’s housing market is supported by a variety of factors, including the area’s increasing popularity among climate refugees from the West Coast and Arizona, drawn by its natural beauty and active lifestyle. This influx of residents contributes to the growing demand for housing and influences local development plans.

Developers emphasize the importance of creating affordable and suitable housing options for the local workforce, particularly within the expanding hospitality sector. As the region attracts more visitors and residents, the need for diverse housing opportunities is becoming more critical.

Expansion and Infrastructure Improvements

The Cherry Capital Airport is undergoing a substantial expansion to meet rising passenger numbers, which have reached approximately 770,000 annually. This upgrade aims to improve connectivity and support the region’s continued growth, potentially attracting even more visitors and new residents.

Real Estate Market Trends

The local housing inventory features a broad range of properties priced around $500,000, with various amenities and locations catering to diverse preferences. Real estate professionals suggest that the market is stabilizing, with buyers now placing emphasis on flexibility and clean, straightforward offers to secure transactions successfully.

Regional Outlook and Community Considerations

Grand Traverse County is also reviewing the need for additional judicial resources to manage increasing Probate Court workloads, reflecting broader community growth and administrative demands. Additionally, the Grand Traverse Band of Ottawa & Chippewa Indians has distributed over $700,000 in gaming revenue to local governments, supporting community programs and infrastructure projects.

Overall, Traverse City continues to demonstrate resilience and growth, driven by new business developments, rising home sales, and regional investments in infrastructure and community services. Market observers recognize the area’s steady outlook, with key developments reinforcing its position as a desirable destination for residents and visitors alike.

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Additional Resources

• Record Eagle: June Sees Boost in Regional Home Sales
• Forbes: Climate Resiliency Drawing New Buyers to Traverse City
• MLive: Lush Golf Course in Your Own Backyard in Northern Michigan
• Northern Express: What Does $500K Get You in Northern Michigan Real Estate?
• Crain’s Detroit: Properties REMI Christie’s International Real Estate Expands