Kentwood Michigan Real Estate Market Report July - September 2015 - Grand Rapids Real EstateGrand Rapids Real Estate

Kentwood Michigan Real Estate Market Report July – Sept 2015

By Bonnie and Terry Westbrook

Kentwood Michigan is a large suburban city southeast of Grand

Rapids, 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 Grand Rapids area with over 9000

students and 16 buildings within a 24.25 square mile area.

2015 Real Estate Market Activity July – September

Kentwood Active Listings = 142

From $39,900 to $975,000

Pending Sales = 109

Sold Homes = 288

Average Sold Price = $ 182,327

Kentwood homes are selling, inventory is quite low.

The same story as elsewhere in the Greater Grand Rapids

housing market. Fewer homes to choose from is frustrating

for buyers and a bonus for sellers. With 142 Active listings,

Pending and Sold in last 90 days at 397, demand far exceeds

the current inventory of homes for sale.

This means buyers will have to buy homes that aren’t exactly

what they are looking for, compromises will have to happen. This

usually means the chosen home will need updates, repairs,

and overall deferred maintenance will need to be done.

If you are thinking of buying or selling a Kentwood home,

give Terry a call for advice on how to manage the current selling market.

Grand Rapids Real Estate