Slabtown, a wonderful neighborhood tucked away on the west side of town has seen a large increase in popularity due to its close proximity to the downtown shops, restaurants, beaches, and parks. The fact that Slabtown is just outside of the main traffic cycles of downtown but still has the historic feel make it a very sought-after neighborhood. Ashton, Darrow and Veteran's Park all offer terrific spaces to relax and play. Famous institutions like Sledder's Family Tavern and The Dairy Lodge fall within Slabtown's boundaries. Hickory Hills Ski Area is another wonderful amenity on the west end of Slabtown that is actually owned and operated by The City of Traverse City. With winter coming Hickory Hills Ski Area is a great place to spend some time outdoors!
So why is it called Slabtown.......?
Lumber was king in Traverse City and throughout most of the northern Great Lakes from the late 1800's through the early 1900's. More money and more millionaires were created during Michigan's lumber boom than during the entire California gold rush. Grand Traverse Bay, at the time, had a number of very large sawmills that shaped the lumber into usable boards for the building of cities like Chicago and Detroit. The first cuts of these logs, or "slabs" were used by locals in the area close to the mills to build their homes at very little cost. Years later those slab homes are gone but the name remains.
Sales Statistics for Slabtown-
The statistics below show that the Slabtown neighborhood is still selling, but like most areas the market has started to plateau, especially with home prices- The market is finding the balance between affordability for home buyers and profit for sellers.
| Year | Units Sold | Sales Volume | Avg. Price | High Sale | Low Sale |
| 2012 | 15 | $3,946,500 | $263,100 | $433,900 | $135,700 |
| 2013 | 15 | $3,034,400 | $202,293 | $330,000 | $90,000 |
| 2014 | 16 | $4,173,280 | $260,830 | $469,000 | $101,000 |
| 2015 | 19 | $6,682,525 | $351,711 | $650,000 | $169,125 |
| 2016 | 15 | $4,618,400 | $312,093 | $590,000 | $170,000 |
No comments:
Post a Comment