Local Insights
CRYSTAL LAKE, FRANKFORT, MI
Expert Real Estate Advice from our Broker, Tamara Vomastek
Tamara Vomastek, our luxury real estate broker in Northern Michigan, has been guiding families to their dream homes for over eight years. With a strong commitment to excellence, she expertly assists both sellers and first-time buyers, ensuring a smooth and rewarding real estate experience. Tamara brings her deep knowledge of the local market to offer insights into the Northeast Michigan real estate markets, and aims to answer any questions you may have before buying or selling in the area.
TAMARA'S INSIGHTS
What are the key factors driving demand around Crystal Lake?
The exceptional quality of life offered here in Crystal Lake is what drives demand. The region’s natural beauty and abundance of recreational opportunities attract buyers seeking an active, outdoor lifestyle. While the area maintains a charming small-town feel, it also offers fantastic amenities like breweries, restaurants, farmer’s markets, and boutique shopping. This balance of scenic living with modern conveniences helps both buyers and sellers understand the appeal of the location and the factors influencing the local housing market.
How has the Northeast Michigan real estate market evolved over the past few years?
In 2022 and early 2023, Michigan’s real estate market, like much of the U.S., experienced a strong surge of demand fueled by low mortgage rates and the desire for more space during the COVID-19 pandemic. Many buyers, especially remote workers, were drawn to Michigan’s suburban and rural areas, attracted by both affordability and a desirable lifestyle. However, inventory remained limited due to a shortage of new construction and homeowners’ reluctance to sell amid uncertain conditions. This imbalance led to competitive bidding and rising home prices throughout the state.
What types of homes are most in demand right now around Crystal Lake?
Demand is strongest in the $200,000 to $400,000 range, though this varies significantly by region. Buyers are primarily seeking move-in ready homes. The luxury market is also thriving, particularly for waterfront properties, golf communities, and homes with stunning views. Second homes, especially at scenic waterfront locations, are experiencing robust demand as well. New construction homes are highly sought after due to their modern designs, energy efficiency, and minimal need for immediate repairs or updates.
Can you describe the community feel of Crystal Lake and its surrounding townships, including Frankfort, Beulah and Benzonia?
Crystal Lake and Northern Michigan offer a strong sense of community, with local events, farmer’s markets, and community gatherings that foster a friendly and welcoming atmosphere. These areas are characterized by a combination of great school systems, well-maintained neighborhoods, and diverse shopping, dining, and entertainment options, making them appealing to a wide range of buyers.
What are some hidden gems in Northeast Michigan that new buyers might not be aware of?
Frankfort Mineral Springs is a hidden gem, a small and peaceful park near downtown, famous for its natural springs once believed to have healing properties. Another highlight is the Betsie Valley Trail, a scenic 22-mile path connecting Frankfort to Thompsonville, popular for walking, running, and biking. Just across Betsie Bay, the Elberta Dunes natural area offers hiking trails through dunes, forests, and along the lakeshore. Frankfort offers a blend of natural beauty, outdoor activities, cultural experiences, and small-town charm, making it an attractive destination for residents and visitors alike.
Are there any upcoming developments or infrastructure projects that could impact Crystal Lake’s real estate market?
Development is constantly underway, and property values in Frankfort are expected to keep rising due to its strong small-town community appeal.
What amenities and services do families typically look for in Crystal Lake?
Visiting families and year-round residents are always pursuing opportunities to create lasting memories on or by the water and enjoying outdoor activities year-round, from boating and lake activities in the warmer months, to hiking and skiing in the winter months.
What competitiveness in the market should first-time homebuyers know about?
Jacksonville is very competitive with first time home buyers. Communities like Nocatee see many first time homebuyers. I always suggest writing a heartfelt letter to the seller as a first-time home buyer. An experienced agent/broker is essential for a first time home buyer.
How competitive is the market for first-time homebuyers in the Crystal Lake area?
First time home buyers are competitive in every market right now with interest rates still relatively high and the lack of inventory.
How does Jacksonville compare to nearby areas in terms of prices and lifestyle?
Greater Jacksonville is now classified as a metropolitan (“metro”) city along with Miami, Orlando and Tampa. Jacksonville is still the most affordable compared to the other three.
What seasonal trends do you see in the buying/selling process in northern Michigan?
While spring is always a great time to list your home, the off seasons can also be advantageous due to less competition among available properties.
How does Crystal Lake compare to nearby areas in terms of home prices and lifestyle?
The community lifestyle is relaxed and laid-back, with residents embracing an outdoor lifestyle that encompasses a variety of interests, including biking, hiking, surfing, and skiing.
You had a record year of sales this year. What made this year different from the past years?
I credit our developer for the vision behind creating a development that truly meets buyers’ desires: beautiful homes on the water surrounded by woods and peacefulness. Today’s buyers seek modern amenities, even in their “up north” cottages, and at Terra, we deliver that in the homes we build. This year has been a record one for me, as I’ve successfully represented properties that perfectly matched buyers’ needs. My approach as a broker is to “do the right thing” and always put my clients first.
Whether you’re looking to sell or buy your first home, Tamara’s dedication and expertise make her the ideal guide in the Crystal Lake area. Her insights into the local real estate market, combined with her personalized approach, ensure that every client feels confident and well-supported throughout the process.
New Lisitings
Discover a prime mixed-use lot on Main Street in the heart of Frankfort, MI. This 50 x 150-foot parcel offers endless development potential in a thriving community. With mixed-use zoning, you can create a commercial space on the ground floor with residential units above. Perfect for a café, boutique, or office spaces, this property offers excellent visibility and accessibility, providing the ideal foundation for your vision.
This is a rare opportunity to build on a private 100′ lot with direct Lake Michigan frontage in the exclusive Crystal Downs Country Club. With EGLE approval and a building permit secured, construction can begin immediately using the current builder or your own. Located behind a sand dune with waterfront boulders in place, Lot 30 offers stunning Lake Michigan views.
