Kentwood Michigan Real Estate Market Report Sept 2011

Kentwood Michigan Real Estate Market Report Sept 2011

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

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Kentwood home sales have recouped some of their value this year.

We are still seeing some home price reduction on homes in poor/dated

condition.  Good news for buyers, Kentwood has affordable housing at the

lowest interest rates in recent history.  The Absorption Rate is 4 months

which puts Kentwood in the high normal for the Grand Rapids area home sales.

 

July 1 to Sept 30, 2011 Kentwood STATS:

338 Active Listings for sale

72 Pending Home Sales

182 Sold Homes

$105,479 Average Sold Price

95.86% of List Price

Absorption Rate: 4 months

 

 

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

 

More Kentwood Michigan Articles:

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Copyright 2011 All rights reserved

Photo of Kentwood Public Library by Bonnie Westbrook

____________________________________________________________________________

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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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