Kentwood Michigan is a large suburb of Grand Rapids with a 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 area with over 9000 students and 16 buildings within a 24.25 square mile area.
The downward trend of the last few years in Kentwood home sales is still continuing this year. We are seeing a slight price erosion from last month’s figures.
The upper end homes in Kentwood aren’t seeing the kind of activity that the lower end homes are getting. They are priced too high for today’s timid buyers or it could be condition. Your list price has to be close to the sale price or your home just doesn’t get serious buyer activity. And if you still have the brown shag carpeting, you will need to upgrade or lower your price if you want to see a sold sign.
In 2006, Kentwood has 495 home sales:avg sold price:$159,788.
In 2007, Kentwood had 434 homes sales: avg sold price:$151,009.
In 2008, Kentwood had 722 home sales:avg sold price: $115,127.
Home sales for Kentwood – $70,000 to $400,000 price range:
155 sold since September 2008.
Kentwood Absorption Rate for this price range is 9.16 months, at the current rate of sale (which means if no new listings come on the market, it will take 9.16 months to sell the listed homes).
Grand Rapids Ada Real Estate ~ Five Star Real Estate
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Photo of Kentwood High School by Bonnie Westbrook