Karmin Philp, Realtor

03/18/2025

Quick question is anyone else getting their facebook loaded with sports sites baseball, football and basketball? I am by no means a big sports watcher - Michigan Football yes - otherwise no. Today, they have flooded my FB and food too hate these things . I just block them
but seriously leave me alone . Rant over

07/05/2023

There comes a time in your life when priorities with family come
first, I am there with my hubby and his various health issues a result of Agent
Orange in Viet Nam. My focus needs to assist and care for him. Therefore, I am officially retiring as an active real estate agent, I will be happy to refer you to a Key Realtor who will take excellent care of you. To my past clients it’s been an honor an privilege to work with you and you have been a blessing . Happy to refer you to a successful agent to assist you . God Bless

07/05/2023

It has come to the time
for me to retire and take care of my husband - happy to refer clients to trusted agents and happy to do so

04/03/2023

Looking to sell or buy, call me happy to help you .

Weekly Market Statistics
03/27/2023 thru 04/02/2023
Robert J Reamer
Certified General Appraiser
Thank You For The Opportunity To Earn Your Business!!!


88 New Listing
72 Closed Sales
197 Pending

Sales By Classification
52 Residential $16,000 to $1,395,000 Median $300,000 Mean $358,676
18 Vacant Land $11,000 to $525,000 Median $49,950 Mean $99,961
02 Commercial $9/sf to $1,900,000

Sales by Location
11 Antrim County
06 Benzie County
29 Grand Traverse County
03 Kalkaska County
10 Leelanau County
13 Wexford County

Expired Listings 31

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values
Current Listings 149
Sales 05/22 to 04/23 966 05/21 to 04/22 1,115
Average DOM 57 or 1.9 Months
Value Direction Year over Year Up 9.4%
Value Direction Quarter over Quarter Up 5.3%
Market Activity Down 13.4%
Inventory Supply 2.1 Month

Direct Water Homes All Values
Current Listings 29
Sales 05/22 to 04/23 125 05/21 to 04/22 147
Average DOM 67 or 2.2 Months
Value Direction Year over Year Up 11.9%
Value Direction Quarter over Quarter Down 1.4%
Market Activity Down 14.9%
Inventory Supply 2.9 Months

The value direction and activity indicated above are taken from sales in Grand Traverse County using a 24 month comparison of the last year vs the 12 months prior. Value directions are for the entire county all value ranges and should only be used to identify trends and never used to apply an increase or decrease in market value for a specific property. The trend can be significantly influenced by more sales at the upper end of the value range or REO sales at the lower end of the value spectrum. To determine price changes for a specific property a much more detailed data search specific to that market segment should be completed.

Inventory levels rose modestly, values quarter over quarter for off water homes turned positive as limited inventory continues to push prices higher. I have seen very strong demand for new construction over the last 60 days.

Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Licensed Real Estate Broker
Licensed Builder

Phone: 231.649.0877
Email: [email protected]
Website:

Robert J Reamer specializing in residential MI Real Estate Property Appraisals.

03/31/2023

This property is just waiting for a hobby farmer, homesteader, someone who wants to live off the grid. It has air, heat, electric also has a generator, propane stove & fridge and more. Propane furnace and a heat pump, current owner heats with wood their choice. 2 New Amish barns built in 2018, with....

03/06/2023

Market update


Weekly Market Statistics
02/27/2023 thru 03/05/2023
Robert J Reamer
Certified General Appraiser
Thank You For The Opportunity To Earn Your Business!!!


101 New Listing
88 Closed Sales
200 Pending

Sales By Classification
50 Residential $55,000 to $3,250,000 Median $287,500 Mean $416,614
30 Vacant Land $5,500 to $600,000 Median $68,750 Mean $116,885
05 Commercial $950 to $830,000

Sales by Location
13 Antrim County
06 Benzie County
39 Grand Traverse County
09 Kalkaska County
11 Leelanau County
10 Wexford County

Expired Listings 29

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values
Current Listings 156
Sales 03/22 to 02/23 1004 03/21 to 02/22 1,132
Average DOM 55 or 1.8 Months
Value Direction Year over Year Up 10.5%
Value Direction Quarter over Quarter Down -2.8%
Market Activity Down 11.3%
Inventory Supply 2.2 Month

Direct Water Homes All Values
Current Listings 29
Sales 03/22 to 02/23 125 03/21 to 02/22 152
Average DOM 65 or 2.2 Months
Value Direction Year over Year Up 6.9%
Value Direction Quarter over Quarter Down 4.1%
Market Activity Down 17.7%
Inventory Supply 2.7 Months

The value direction and activity indicated above are taken from sales in Grand Traverse County using a 24 month comparison of the last year vs the 12 months prior. Value directions are for the entire county all value ranges and should only be used to identify trends and never used to apply an increase or decrease in market value for a specific property. The trend can be significantly influenced by more sales at the upper end of the value range or REO sales at the lower end of the value spectrum. To determine price changes for a specific property a much more detailed data search specific to that market segment should be completed.

A good week in the market. Values and activity both improved last week.

Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Licensed Real Estate Broker
Licensed Builder

Phone: 231.649.0877
Email: [email protected]
Website:

Robert J Reamer specializing in residential MI Real Estate Property Appraisals.

02/27/2023

Weekly Market Statistics
02/20/2023 thru 02/26/2023
Robert J Reamer
Certified General Appraiser
Thank You For The Opportunity To Earn Your Business!!!


65 New Listing
62 Closed Sales
205 Pending

Sales By Classification
34 Residential $65,000 to $1,199,000 Median $294,950 Mean $359,968
27 Vacant Land $9,500 to $975,000 Median $110,000 Mean $152,998
01 Commercial $16/sf

Sales by Location
05 Antrim County
14 Benzie County
24 Grand Traverse County
03 Kalkaska County
07 Leelanau County
09 Wexford County

Expired Listings 11

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values
Current Listings 156
Sales 03/22 to 02/23 906 03/21 to 02/22 1,135
Average DOM 55 or 1.8 Months
Value Direction Year over Year Up 12.2%
Value Direction Quarter over Quarter Down -4.1%
Market Activity Down 20.2%
Inventory Supply 2.1 Month

Direct Water Homes All Values
Current Listings 29
Sales 03/22 to 02/23 127 03/21 to 02/22 159
Average DOM 66 or 2.2 Months
Value Direction Year over Year Up 6.9%
Value Direction Quarter over Quarter Down -3.8%
Market Activity Down 20.1%
Inventory Supply 2.7 Months

The value direction and activity indicated above are taken from sales in Grand Traverse County using a 24 month comparison of the last year vs the 12 months prior. Value directions are for the entire county all value ranges and should only be used to identify trends and never used to apply an increase or decrease in market value for a specific property. The trend can be significantly influenced by more sales at the upper end of the value range or REO sales at the lower end of the value spectrum. To determine price changes for a specific property a much more detailed data search specific to that market segment should be completed.

The market continues to deteriorate, 30 year mortgage rates closed at 6.88% on Friday MND's Daily Mortgage Rate Index (mortgagenewsdaily.com) and are expected to continue rising. While inventory levels remain historically low, there is significant pressure on values with the quarter over quarter decline going further into the red. At some point if the trend continues it will get very very ugly. The data is not looking good, plan for the worst and hope for the best. Every adversity is someone's opportunity. Connect with foreclosure companies, connect with cash buyers looking to purchase foreclosures, connect with vacant landowners seeking to sell off a portion of their parcel to generate cash. Vacant land is one bright spot in the market with sales on the rise. Land Contract sales may come back into favor offering sellers a fixed rate of return and buyers a below market rate and lower closing costs. Educate sellers on seller financing options if the property is free and clear. These are just a few of the many opportunities in the coming market. The market is certainly changing, and we will all have to adapt to the changing opportunities.

Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Licensed Real Estate Broker
Licensed Builder

Phone: 231.649.0877
Email: [email protected]
Website: www.RobertJReamer.com



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Robert J Reamer specializing in residential MI Real Estate Property Appraisals.

02/06/2023

Weekly Market Statistics
01/30/2023 thru 02/05/2023
Robert J Reamer
Certified General Appraiser
Thank You For The Opportunity To Earn Your Business!!!


106 New Listing
63 Closed Sales
210 Pending

Sales By Classification
35 Residential $33,000 to $805,000 Median $355,000 Mean $374,803
22 Vacant Land $11,300 to $979,000 Median $59,000 Mean $117,068
06 Commercial $390 to $575,000

Sales by Location
10 Antrim County
05 Benzie County
28 Grand Traverse County
08 Kalkaska County
05 Leelanau County
07 Wexford County

Expired Listings 26

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values
Current Listings 156 Sales 02/22 to 01/23 1,077 02/21 to 01/22 1,135
Average DOM 54 or 1.8 Months
Value Direction Year over Year Up 12.1%
Value Direction Quarter over Quarter Down -8.2%
Market Activity Down 5.1%
Inventory Supply 2.2 Month

Direct Water Homes All Values
Current Listings 26
Sales 02/22 to 01/23 130 02/21 to 01/22 159
Average DOM 62 or 2.1 Months
Value Direction Year over Year Up 7.0%
Value Direction Quarter over Quarter Down -15.9%
Market Activity Down 18.2%
Inventory Supply 2.5 Months

The value direction and activity indicated above are taken from sales in Grand Traverse County using a 24 month comparison of the last year vs the 12 months prior. Value directions are for the entire county all value ranges and should only be used to identify trends and never used to apply an increase or decrease in market value for a specific property. The trend can be significantly influenced by more sales at the upper end of the value range or REO sales at the lower end of the value spectrum. To determine price changes for a specific property a much more detailed data search specific to that market segment should be completed.
Quarter over Quater values continue to deteriorate, inventory levels rose modestly. Hard to tell with any certainty where the market is going as the data is all over the board.

Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Licensed Real Estate Broker
Licensed Builder

Phone: 231.649.0877
Email: [email protected]
Website:

Robert J Reamer specializing in residential MI Real Estate Property Appraisals.

01/30/2023

Weekly Market Statistics
01/23/2023 thru 01/29/2023
Robert J Reamer
Certified General Appraiser
Thank You For The Opportunity To Earn Your Business!!!


68 New Listing
57 Closed Sales
208 Pending

Sales By Classification
31 Residential $40,000 to $1,860,000 Median $255,000 Mean $332,713
14 Vacant Land $4,750 to $3,450,000 Median $67,250 Mean $323,875
12 Commercial $22/sf to $1,600,000

Sales by Location
12 Antrim County
04 Benzie County
22 Grand Traverse County
10 Kalkaska County
05 Leelanau County
04 Wexford County

Expired Listings 16

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values
Current Listings 159 Sales 02/22 to 01/23 900 02/21 to 01/22 1,152
Average DOM 56 or 1.9 Months
Value Direction Year over Year Up 16.4%
Value Direction Quarter over Quarter Down -3.6%
Market Activity Down 21.3%
Inventory Supply 2.1 Month

Direct Water Homes All Values
Current Listings 24
Sales 02/22 to 01/23 130 02/21 to 01/22 158
Average DOM 63 or 2.1 Months
Value Direction Year over Year Up 6.9%
Value Direction Quarter over Quarter Down -18.8%
Market Activity Down 17.7%
Inventory Supply 2.2 Months

The value direction and activity indicated above are taken from sales in Grand Traverse County using a 24 month comparison of the last year vs the 12 months prior. Value directions are for the entire county all value ranges and should only be used to identify trends and never used to apply an increase or decrease in market value for a specific property. The trend can be significantly influenced by more sales at the upper end of the value range or REO sales at the lower end of the value spectrum. To determine price changes for a specific property a much more detailed data search specific to that market segment should be completed.
Waiting for spring......

Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Licensed Real Estate Broker
Licensed Builder

Phone: 231.649.0877
Email: [email protected]
Website:

Robert J Reamer specializing in residential MI Real Estate Property Appraisals.

01/13/2023

Have a great weekend

01/02/2023

Have an awesome day

12/30/2022

Thinking of buying or selling in 2023 call me 231-944-9548 look forward to helping you .