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Hot month in home sales
Posted: 07.15.2011 at 6:39 PM
Kate Fox

Kate Fox is a Multi-Media Journalist for 7 & 4 News. You can see her work on 7 & 4 News at 5 and 6.

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LEELANAU COUNTY -- Home sales in Leelanau County are hotter than ever this past month.

The Traverse Area Association of Realtors report that June was a very good month for real estate sales.

According to its data base, last month, some 30 units in Leelanau County sold for more than $8 million dollars.

Also a sign that property values are staring to rebound, median-unit-prices in June are at $224,000.

This is an increase of more than $23,000 from last year.

TAAR Vice President Kimberly Pontius says, "What we had in 2005-2006 was not normal, that was the top of the bubble, things were at the other end of the spectrum. In 2009 we kind of bottomed out as far as the market concerned... So now what I’m seeing is a return to normal and I’m very pleased that this is going on.”

To check out the full story click on the video above.

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