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May 2, 2024
Which local realtors sold the most real estate in 2023? The popular “Top Realtors” issue of the Traverse City Business News is out now, giving readers a look at the most successful agents in the region.
The top-selling realtor in the region for 2023 was by RE/MAX of Elk Rapids’ Don Fedrigon, followed by RE/MAX Bayshore’s Bob Brick and The Mitten Group’s Sam Flamont. The rankings are based on 2023 combined residential and commercial sales in the five-county region. Click here to view the entire list.
Residential sales for 2023 were down from 2022 for the five-county area in both units sold and overall sales volume, according to year-end totals from the Northern Michigan Multiple Listing Service (MLS). But what is up is the average sales price of a home, reaching a new record high of $502,697, which is significantly higher than the prior year’s record high of $466,940. Though inventory remains tight and mortgage interest rates have nearly doubled since 2022, demand hasn’t waned much.
This month’s TCBN also includes a host of additonal real estate stories, including reaction to the much-discussed National Assocation of Realtors lawsuit and a look at unique local properties on the market.
In the healthcare section, writer Rick Haglund asks “Can Munson Remain Independent In A Wave of Michigan Hospital Mergers?” The education section includes a feature on how a Great Lakes bottom mapping project could boost the local and regional economies.
Click here to subcribe to the TCBN, and click here find out where you can pick up a copy.
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This article was originally published by a www.traverseticker.com . Read the Original article here. .