East Grand Rapids Michigan Real Estate Market Report July – December 2014

by Terry & Bonnie Westbrook
East Grand Rapids is a community of homes

priced from the mid $100,000’s to over $1,000,000,

with the majority of homes selling from $300K to $400K.

East Grand Rapids is a very popular place to live in our area,

great public school system, its’ walkability, being close

to downtown GR Medical Mile, businesses, attractions and

shopping in Gaslight and Breton Villages.

Don’t mind feeding these deer.

East Grand Rapids Real Estate Report July-December 2014

Active Listings – 65 from $159,000 to $ 3,500,000

Sold Homes – 132 from $ 106,000 to $ 1,200,000

Average List Price – $ 580,197

Average Sold Price – $ 346,650

Sold home prices have fallen slightly in East Grand Rapids

in the last six months. Home inventory numbers are up slightly,

so good news for buyers. We have heard through the real estate

grape-vine that some small homes are being torn down and mega-

mansions are replacing them. With aging stock and no new land

to develop, this is the only option left to those determined to live

at an East Grand Rapids address.

If you have been thinking of selling your East Grand Rapids home,

2015 could be the time to call for a custom analysis of what your home

might be worth in today’s market. And valuable advice on what updates

current buyers are willing to pay for and which ones they aren’t.

If you have questions about buying/selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

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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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

Grand Rapids Real Estate