Forest Hills MI Neighborhood Real Estate Market Report Caravelle Village Jan-April 2016

By Terry and Bonnie Westbrook

January 1 to April 30, 2016

Active For Sale Homes = 0

Pending Home Sales = 1

Sold Homes = 2 $180,000 to $252,000

Average Sold Home Price = $ 218,666

Homes in Caravelle Village are selling in days,

typical of the shortage for affordable housing in Forest

Hills. All three of these homes sold for close to or over

listed price within days of listing. This seems like a dream

come true for sellers, but it does have a negative side.

If you are looking for a new home in Forest Hills, it

could take months to find and negotiate the sale of your

new home. Meanwhile, the new buyers of your just sold

home are anxious to move in. This housing dilemma is stifling

the market right now for many potential sellers.

Considering selling your Caravelle Village home?

Please contact Terry for an idea of what your house is worth

on today’s market.

If you would like information about buying or selling a

Forest Hills Home, please contact Terry at 616-292-7263.

SEARCH FOR FOREST HILLS HOMES

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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!

Contact Terry 616-292-7263