Caledonia MI Absorption Report ~ Crystal Springs ~ Dec 22, 2008

    Crystal Springs Development in Caledonia, Michigan is a large,

    residential suburban housing development that was started in the

    late 1980’s and most construction was finished in the 1990’s although

    some newer homes have been built since 2000. There are also a few

    vacant lots left to develop.

    This development covers a large area around the Stonewater Golf

    Course at Crystal Springs south of 68th Street to 72nd Street and

    encompassing Kalamazoo Avenue on the east and west.  This

    development has single family homes and condos, many located

    right on the Stonewater Golf Course

    The public school system is Kentwood, even though the address is

    Caledonia.

    Crystal Springs is close to the shopping plaza at 68th and

    Kalamazoo, Kentwood High School, and a short hop to M-6, which is

    the south beltline for the Greater Grand Rapids area connecting US

    131 on the west and I96 on the east side of the city.

    Kentwood High School Football Stadium

                       December 2008 Real Estate

                        Residential Market Report

                    Crystal Springs Neighborhood

    The absorption rate for Crystal Springs, Caledonia MI is 14.7

    months, which means if no new listings come on the market, it will

    take 14.7 months  for the existing homes inventory to sell at the

    current rate of sale.

    Active Listings: 28 Active Crystal Springs Listings

    Average Price: $250,509

    Price per Sq Ft: $107.09 (Main Floor only)

    Average days on the Market: 109

    PENDING: 0 homes

    SOLD: 23 Crystal Springs Sold Homes

    Average Price: $ 205,735

    Average Price Per Sq Ft: $ 96.63 (Main floor only)

    Average Days on the Market: 71

    Expired: 29 Expired Crystal Springs listings

    Average Expired Price: $254,748

    Average Price Per Sq Ft: $108.34 (Main floor only)

    Average Days on the Market: 146

     

    Crystal Springs Homes that are priced competitively are selling.

    As you can see by the statistics, the homes that have their price

    per square foot around $100 are selling in under 3 months. 

    Many sellers have retired from the market and will try again in

    the spring.  They might find a better buying market, but prices are

    still on the downward trend.  With lower interest rates, this may

    spur the local economy and put more buyers into the game.

     

    Watermark CC purchases Crystal Springs GC

    Crystal Springs GC has a new look & a new name

    Caledonia MI Sept 2008 Real Estate Market Report

    Kentwood MI Real Estate Market Report Oct 2008

    Caledonia MI Crystal Springs Market Report Oct 2008

    Caledonia MI Crystal Springs Market Report Nov 2008

    If you would like additional information about Caledonia

    or Kentwood Homes, please contact me directly at

    1-888-240-1968 ext 0

    Grand Rapids Ada Real Estate  Copyright 2008 All rights reserved

    photo of golf tournament by Terry Westbrook

2 thoughts on “Caledonia MI Absorption Report ~ Crystal Springs ~ Dec 22, 2008

  1. Pingback: Caledonia Michigan Real Estate Report ~ Crystal Springs Feb 2009 « GRMiRealEstate’s Weblog

  2. Pingback: Caledonia Michigan Crystal Springs Neighborhood Real Estate Market Report – April 2010 « GRMiRealEstate’s Weblog

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