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ArAs we step into the heart of winter, I wanted to share perspectives on what’s unfolding across our real estate landscape for 2026
I hope you find this edition informative!
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2026 HOUSING MARKET OUTLOOK
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What the Housing Data Is Actually Pointing To
After several years of stalled decision-making, 2026 is shaping up to be a year defined by balance rather than extremes. Buyers and sellers are not entering an easy market, but they are entering one with more clarity, more choice, and healthier alignment across key fundamentals.
Here are a few signals shaping the year ahead:
- Inventory is rebuilding without destabilizing prices, creating more choice and improved negotiating conditions rather than volatility.
- Mortgage rates are expected to remain within a narrower range, with improving spreads quietly supporting affordability even without dramatic rate cuts.
- Income growth is beginning to outpace home price growth, a necessary step toward gradual affordability improvement.
- Market conditions are becoming more predictable, shifting the advantage toward informed strategy rather than urgency.
While the national outlook is improving, outcomes in 2026 will be driven far more by local market dynamics than headlines.....
CLICK HERE TO READ FULL ARTICLE
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THE NEXT ERA IN LUXURY LIVING:
What Buyers Want in 2026
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Luxury Buyer Priorities to Watch
What I’m seeing locally: Homes that combine strong design, functionality, and location continue to stand out, even in a more selective market.
Insights from The Institute of Luxury Home Marketing:
Luxury buyers are prioritizing homes that support how they live day to day. Well-designed kitchens and entertaining spaces remain central, with professional appliances, secondary prep kitchens, wine storage, and integrated gathering areas now considered baseline expectations rather than upgrades.
Lifestyle-driven design continues to shape demand, with greater emphasis on wellness, flexibility, strong indoor–outdoor flow, and proximity to walkable districts, nature, and curated amenities.
Innovative features gaining traction include:
- Flexible living spaces that adapt to multiple uses
- AI-driven home automation managing lighting, energy, and security
- Expanded wellness features beyond traditional gyms
- Immersive entertainment spaces such as golf simulators and tasting rooms
- Discreet security features emphasizing privacy and peace of mind
Looking ahead, ultra-high-net-worth buyers remain largely opportunity-driven, while the broader luxury market is becoming more strategic, investing in enduring quality while keeping finishes adaptable over time.
*** Excerpts taken from article written by The Institute of Luxury Home Marketing
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FEATURED PROPERTIES FOR SALE
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WELCOME TO
SUMMIT OVER BAY HARBOR
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3575 Charlevoix Avenue
Resort Township, MI 49770
Blush Models Units 14 - 31
Jade Models Units 2 - 13
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Rising above Little Traverse Bay, The Summit Over Bay Harbor offers a rare opportunity to create a bespoke waterfront residence in one of Northern Michigan's most prestigious resort settings.
Residences at The Summit Over Bay Harbor are offered as custom build opportunities, allowing buyers to select architectural details, interior finishes, and premium upgrades tailored to their lifestyle.
Designed for those who value elevated living, privacy, and unforgettable surroundings, each residence captures sweeping water views and dramatic sunsets from multiple levels.
Perfectly located across from The Cliffs at Bay Harbor and minutes from Petoskey, Charlevoix, Boyne City, and Harbor Springs, this is Northern Michigan luxury living at its finest.
See a sampling of some of our Units Below!
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An Exclusive Look at 4 of 31 Residences
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3575 Charlevoix Avenue
Petosky, MI 49770
Unit #31
6 BED | 6.2 BATH
$3,695,000
This expansive offering features approximately 5,586 square feet of interior living space, complemented by a 1,139 square foot rooftop terrace designed for entertaining, relaxation, and evening gatherings overlooking Lake Michigan. An additional 720 square feet of unfinished lower-level space provides flexibility for storage or future customization, bringing the total square footage to approximately 7,445 square feet...
CLICK HERE FOR FULL LISTING DETAILS
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3575 Charlevoix Avenue
Petosky, MI 49770
Unit # 22
6 BED | 6.2 BATH
$3,495,000
This expansive offering features approximately 5,586 square feet of interior living space, complemented by a 1,139 square foot rooftop terrace designed for entertaining, relaxation, and evening gatherings overlooking Lake Michigan. An additional 720 square feet of unfinished lower-level space provides flexibility for storage or future customization, bringing the total square footage to approximately 7,445 square feet...
CLICK HERE FOR FULL LISTING DETAIL
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3575 Charlevoix Avenue
Petosky, MI 49770
Unit #5
3 BED | 3.2 BATH
$2,995,000
This expansive offering features approximately 5,078 square feet of interior living space, complemented by a 598 square foot rooftop terrace designed for entertaining, relaxation, and evening gatherings overlooking Lake Michigan. Floor-to-ceiling windows flood the interiors with natural light and frame the bay as a living work of art. The main living level is ideal for hosting, anchored by a gourmet kitchen, premium appliances, generous island, fireplace, wet bar, and private balcony suspended above the water...
CLICK HERE FOR FULL LISTING DETAILS
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3575 Charlevoix Avenue
Petosky, MI 49770
Unit #7
3 BED | 3.2 BATH
$2,845,000
This expansive offering features approximately 5,078 square feet of interior living space, complemented by a 598 square foot rooftop terrace designed for entertaining, relaxation, and evening gatherings overlooking Lake Michigan. Floor-to-ceiling windows flood the interiors with natural light and frame the bay as a living work of art. The main living level is ideal for hosting, anchored by a gourmet kitchen, premium appliances, generous island, fireplace, wet bar, and private balcony suspended above the water...
CLICK HERE FOR FULL LISTING DETAILS
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Contact me for further details 313-218- 5300
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#1 LUXURY FIRM IN MICHIGAN
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As we close out 2025, we just want to say thank you. What we accomplished together this year was nothing
short of incredible!
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With 11 offices across the State of Michigan now, as well as a robust International network of highly vetted referral partners, remember I can assist you wherever your real estate needs may take you.
Contact Me First!
Candice Rich, CNE®, CLHMS®
Global Luxury & Relocation Advisor
O: 248.724.6124
C: 313.218.5300
[email protected]
Candicerich.com
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"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned."
Maya Angelou
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