I come up nearly every weekend. It's where I want to retire. Although Heston's affection for Michigan's north woods apparently has faded, he seems to be the only one. Real estate agents across the northern Lower Peninsula say the demand for sylvan hideaways has been fueled by low interest rates and a strong economy. But that demand in turn has pushed up prices in some areas beyond the reach of the common man.
Prices vary widely with location.
But as a general rule, waterfront and view properties have nearly doubled in the last five years, and other properties have increased by about a third. She's been selling real estate in the Traverse City area for 27 years. We have bidding wars on lakefront property. But within 15 miles of the city, forget it. I think prices may level out, but they won't go down.