East Grand Rapids is a small city, population of 10,784 located just east of

 Grand Rapids city limits. It has been a desired place to live in the Grand

Rapids area for many years. East Grand Rapids is primarily residential with

 some commercial business areas.  Many homeowners are attracted by 

Reeds Lake which plays a prominent role in the community, its award

winning public school system, proximity to downtown Grand Rapids,

and its overall small town feeling.

East Grand Rapids is definitely a community that you can walk to school,

the ice cream store, or just around the tree lined blocks to visit the

picturesque lakes, Reeds Lake & Fisk Lake.

Homes range in all prices here in East Grand Rapids.  There are small 3

bedroom bungalows and ranches that were built just before and after WWII,

there are mega-mansions built on the shores of Reeds Lake for wealthy

citizens, and all ranges in between.

                         RESIDENTIAL REAL ESTATE MARKET

                 EAST GRAND RAPIDS MI ~ November 2008

EAST GRAND RAPIDS Homes Listed at $850,000 +

EAST GRAND RAPIDS Active Listings:10

EAST GRAND RAPIDS  Average Active Price: $1,743,800

EAST GRAND RAPIDS Sold Homes : 1

EAST GRAND RAPIDS  Average Sold Price/SqFt: – $ 309.54  

 East Grand Rapids Homes Listed $450,000 to $ 850,000

East Grand Rapids Homes Active listings:32

East Grand Rapids Average Active Price: $ 608,003

East Grand Rapids SOLD Homes: 7

East Grand Rapids Average Sold Price: $ 522,143

East Grand Rapids Average Sold Price/SqFt: $ 152.57

 

 

 

 

Homes Listed $ 300,000 – $ 450,000

East Grand Rapids Homes Active Listings: 41

East Grand Rapids Average Active Price: $ 397,927

East Grand Rapids SOLD Homes: 17

East Grand Rapids Average Sold Homes Price:  $ 354,441

East Grand Rapids  Average Sold Price/SqFt: $ 135.91

 

 

 

 

Homes Listed $ 200,000 – $300,000

East Grand Rapids Active Listings: 25

East Grand Rapids Average Active Price: $ 264,604

East Grand Rapids SOLD homes: 34

East Grand Rapids Average Sold price: $231,003

East Grand Rapids Average Sold Price/SqFt: $ 123.61

 

 

 

 

Homes Listed $0- $200,000    

 East Grand Rapids Homes Active Listings: 39

 East Grand Rapids  Active Average Price: $ 164,454

 East Grand Rapids SOLD Homes: 49

East Grand Rapids Sold Home Price: $156,774

East Grand Rapids Sold price/SqFt: $ 113.61

It is difficult to do a market synopsis for a housing area this broad.

East Grand Rapids homes in the lower values seem to be the most active,

especially under $200,000.  This is still a very strong market in our

weakened economy but buyers are still looking for bargains.  If you need

to sell your East Grand Rapids home, you will need to anticipate the new

buyers price threshold to sell your home in the current market, which seems

to be going down every month.

 

 

East Grand Rapids Market Report October 2008

East Grand Rapids Market Report Sept 2008 

East Grand Rapids Market Report August 2008

 

 

If you have questons about your Grand Rapids or East Grand Rapids Home

in this market, please contact me directly.

 

Grand Rapids -Ada MI Real Estate ~ Copyright 2008

 Five Star Real Estate LLC

Reeds Lake photo by Bonnie Westbrook