Lowell Michigan Real Estate Market Report Sept 2011
Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.
It has really grown in the last 20 years, in many ways. Lowell has a great
school system, a thriving business community, a lively arts society, and
is one of the growing Grand Rapids suburban communities in Kent County.
LOWELL MI July 1 to Sept 30, 2011 RE STATS:
Active Listings: 150
Average Sold Price: $163,405
PENDING Sales: 26 homes
SOLD Homes: 45 Sold Homes
Average Sold Price to List Price: 93.41%
Absorption Rate for Lowell Listings is 6.3 months for the
current housing inventory. If no other homes enter the market, it
will take 6.3 months for the current homes to sell at the current
rate of sales. This figure is in the normal range and hasn’t changed
all year.
Lowell Homes are selling for a little more than the first half of
2011, on average. Although, the average sale price to list
price has fallen, as we are seeing throughout the Greater
Grand Rapids area. With record low interest rates, now couldn’t
be a better time to purchase a home.
Search Lowell MI Bank Owned –Short Sale Homes
Additional Lowell Articles:
Lowell Michigan Real Estate Market Reports
If you would like additional information about Lowell Area Homes,
please contact me through phone, email or my web site.
Copyright 2011 All rights reserved
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in West
Michigan. We believe Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263