A year in review for Central Neighborhood- Downtown Traverse City

Charming cobblestone streets and iconic Victorian homes fill Central Neighborhood of downtown Traverse City. This neighborhood holds many turn-of-the-century mansions, and to compliment those home owners, most remain with as much character as they did when they were built. The historic mansions on Sixth Street (known as “Silk Stocking Row”) include the immense 32-room house built by Traverse City founder Perry Hannah and dozens of other elegant homes. The majority of the houses in the neighborhood were constructed between 1890 and 1914.

This is one of the most desired neighborhoods in Traverse City for its alluring historical charm but also because of its proximity to businesses, schools and downtown - for this reason, the strength of the home values are high in the Central Neighborhood.

Central Grade School as well as Thirlby Field are located here!  

Thirlby Field, also known as Harry Running Stadium, is a 7,000-seat football stadium.  It was built in 1934 on a site where football has been played since 1896. It is the home of the Traverse City Central Trojans, Traverse City West Titans and St. Francis Gladiators football teams.  Mr. Thirlby, a local farmer gave the land to the Traverse City Schools for athletic contests, and at that time, the visiting teams would travel by train right to the field. 

Stats for Central Neighborhood

Looking to sell downtown? Now is the time, with top sales prices and a shortage of inventory for our buyers, it doesn’t get much better to put that home on the market!  The average price of a home in Central Neighborhood has increased roughly 21% and even the lowest sales price has increased over 17% from 2016. Thinking about your next move?  The next couple of months are a great time to put together a strategy for the coming year so you're poised to take advantage before the snow melts.

Year	Units Sold	Total Sales	Average Price	High Sale	Low Sale
2012	41	$9,694,126	$236,442	$865,000	$48,000
2013	54	$13,037,400	$241,433	$715,000	$71,840
2014	54	$15,589,521	$288,694	$731,500	$112,000
2015	73	$20,745,807	$284,189	$965,000	$100,000
2016	88	$24,824,295	$282,094	$710,000	$140,000
2017	73	$25,958,579	$355,596	$1,310,000	$169,950

Give us a call for a free market analysis, whether you're ready to sell now or in the future - we're here to help! And if you are looking to buy we would love the opportunity to help you find your home! 

Call Blake Bernard and Clare Bailey (231)714-4787