Kin Capital Mortgage Inc

Petoskey, a small Northern Michigan town with fewer than 6,000 year-round residents, has joined the ranks of Nantucket, Mass., and Napa, Calif., as a luxury housing market where more than half of new home listings are priced at $1 million or more.

Realtor.com identified 13 “pure luxury” U.S. housing markets where more than half of all active listings are priced at $1 million or above. The report, based on March data, put Petoskey in 11th place, with 53% of its active listings priced above $1 million.

Petoskey’s median list price in March was $1.11 million, according to the report. Data showed the northwestern Lower Peninsula city on Little Traverse Bay has an average of about 104 $1 million-plus listings per year.

Petoskey is grouped in the report alongside well-known U.S. playgrounds for the wealthy like the island of Nantucket, Mass., where 99% of active listings in March exceeded $1 million, with a median list price of $4.08 million.

Read more here:
https://www.crainsdetroit.com/real-estate/residential/cdb-petoskey-luxury-housing-ranks-20260408/?utm_source=facebook&utm_medium=soc-own

At Kin Capital Mortgage, we're a small but mighty team of mortgage experts offering flexible solutions and a deep understanding of the local market. Let us find the perfect fit for your unique needs. Call us today!

Kin Capital Mortgage specializes in Conventional, FHA, VA, Jumba, and non-QM loans. Whether you are buying a home or refinancing in Michigan or Florida, we can help you realize your dream of home ownership or save you money when getting your new lower monthly payment. CaIl us today! (313) 980-1388

Your Mortgage Made Easy. We are home loan experts dedicated to making sure your home purchase or refinance experience is top-notch. Closing loans quickly in both Michigan and Florida!