Monthly Archives: July 2009

Wyoming Michigan Ranch ~ Sale Pending

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Can you  picture yourself in this well maintained Wyoming Michigan

Ranch home with cathedral ceilings, original refinished oak hardwood floors

in the living room dining room and hallway?

It also has newer laminate kitchen cabinets, neutral vinyl floors in the

kitchen.  All kitchen appliances, range, refrigerator, dishwasher, and

microwave are included with the home.

The bath has been remodeled with a new tub/shower unit, vinyl flooring,

and a new vanity cabinet with integral sink counter top.

The lower level recreation room has been dry walled  but needs to be taped

and seams finished, the ceiling has been prepped for finishing and the floors

have been freshly painted. The washer and dryer are in the lower level

laundry  area and are also included in the home sale. A Home Warranty

is included to protect against major repairs in the first year of home

ownership.

The spacious, privacy fenced back yard has a large 15′ by 15′ wooden

deck,  a 8′ by 18′ storage building and a children’s play set, all are

included with the home.

This wonderful home is located at 1029 Iowa Street  SW in

Wyoming Michigan, just around the corner from 40th Street Park.

1029 Iowa St SW Wyoming Mi home for sale

1029 Iowa St SW Wyoming Mi home for sale1029 Iowa St SW Wyoming Mi home for sale

40th Street Park Wyoming MI

All this for $79,900   ~   MLS # 721583       

More photos & video on our Website

 

 

If you would like further information about Grand Rapids or

Wyoming Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2008 All rights reserved

photos of 1029 Iowa St SW by Bonnie Westbrook.

Playing L. E. Kaufman Golf Course in Grand Rapids Michigan ~ June 2009

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Kent County Michigan Amateur Golf Championship Tournament

here on July 11th & 12th 2009

This is the kind of real estate I prefer to all others, especially on

the weekend.  No hassles, just blue sky, green grass, and an

18 hole challenge.

I didn’t play particularly well today, but the course was in good shape, and

I had 3 new friends to share the morning round.

I took a few pictures so you can see a sampling of what this course looks like.

It is hard to believe to you are about 10-15 minutes away from downtown

Grand Rapids.

1st t

The First Tee – water on the left & right.

 

2nd hole(1)

The fifth hole from the right of the fairway, yes I made par.

 

2nd

The 2nd Green

 

18th

The 14th Tee – better hit it straight or you will be in the woods.

 

18th green

The 18th Green

 

18th green w deer

Another player is out near the green, wonder if he found a stray ball.

 

Westbrook Realty Grand Rapids Real Estate

Copyright 2009 all rights reserved

photos of LE Kaufman Golf Course by Terry Westbrook

Kentwood Michigan Real Estate Market Report ~ June 2009

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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.

Kentwood high school kentwood mi

Kentwood home sales are still on a general downward trend

in price. Over 1/3 of Kentwood Homes Equity has dissolved in

the last 3 years, according to the current stats.

We are still seeing a small price erosion from last month’s figures,

again this month, though the spring activity is high.  Foreclosures are

still affecting the average market price here as Grand Rapids has seen

jobs disappear.

The homes under $ 150K in Kentwood are seeing about 70% of  the

overall sales of Kentwood homes.  The homes over $150K may be

priced too high for today’s timid buyers (many of them think prices

will erode still further) 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 light blue carpeting,

you will need to upgrade or lower your price if you want to see a

sold sign this year.

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

In 2009, Kentwood has had 462 home sales: avg sold price:$ 102,268

 

Home sales for Kentwood – Up to $149,999:

150 Active Listings with Avg price $ 126,875

139 sold since January 2009

66 Pending sales

Avg sold price   $96,722

Avg Days on Market – 88

 

Home sales for Kentwood – $150,000 UP:

74 Active Listings with avg price of $ 189,463

25 sold since January 2009  Low: $150,000  High: $925,000

7 Pending Sales

Avg sold price $150K+  $204,449

Avg Days on Market – 143

66 Expired Listings with Avg DOM of 192 days

 

Kentwood Absorption Rate for this price range is 5.67 months,

at the current rate of sale (which means if no new listings come

on the market, it will take 5.67 months to sell the active listed

homes). This is down from last month, which is good news, though

the average prices on the lower end are still going down.  I would

assume this is due to bank foreclosures and short sales which have

driven down home price averages for most of Kentwood.

 

Kentwood Michigan Top Best Buy Homes June 2009

Kentwood Michigan Absorption Report May 2009

 

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me:

phone: 1-888-240-1968 ext 0

or email: Terry@terrywestbrook.com

Grand Rapids Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

East Grand Rapids Michigan Real Estate Market Report ~ June 2009

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Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 12 months, which means if no new listings come on the

East Grand Rapids market, it will take 12 months for the existing

home inventory to sell.

There are 169 active listings on the East Grand Rapids market now,

up slightly from last month, ranging from $99,980 to $2,039,000.

32 Pending Home Sales

84 Sold Homes with sold prices ranging from $ 25,000 to $ 1,275,000

since Jan 1, 2009 in the East Grand Rapids housing inventory.

 

East Grand Rapids Homes  up to  $200,000

Active Listings – 34

Pending  – 15

Sold – 36  

Avg Sold Price – $ 137,382

 

East Grand Rapids Homes  $200,000 to $300,000     

Active Listings  -  46

Pending – 10

Sold -  23

Avg Sold Price – $  251,570

 

East Grand Rapids Homes $ 300,000 to $500,000

Active Listings -  52

Pending -  4

Sold  – 9

Avg Sold Price – $ 367,611

 

East Grand Rapids Homes  $ 500,001 ++

Active Listings  -  37

Pending – 3

Sold – 3

 

The lower end of this market (under $300K) has seen about 85 %

of the sales in the last six months.  With the current lowest list price

at $ 99,980,   it looks like the bargain basement days in EGR housing

is phasing out.  Almost  half of these sales have been over $ 100

a square foot.  Homes in the higher prices are selling, but much

slower than normal.  

 

East Grand Rapids Best Buy Homes June 2009

East Grand Rapids April 2009 Absorption Report

West Michigan Schools Ranked in Top US 1500

 

If you have any questions about the value of your East GR home,

please contact me directly:

ph 1-888-240-1968 ext 0

email:terry@terrywestbrook.com

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Rockford Michigan Real Estate Market Report ~ June 2009

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Current Real Estate Market Report ~ Rockford Michigan ~ June 2009

Current Absorption Rate for Rockford Michigan is 7.5 months

on average, which means if no new listings come on the market,

it will take 7.5 months to sell current inventory.  This is a

50%. decrease from last month, so inventory is selling.

 

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes less than $200,000 since May 1, 2009 sold prices appear

to be still declining slightly, even though 126 homes sold in

Rockford Public School District last month.  Foreclosure & bank

owned homes could be tipping the figures downward.

The over $200K market has taken a 15% decrease in average

sold price from last month.

 

255 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 40

Pending Rockford Homes: 57

Average sold price  $ 128,688

High Sold price $190,000

Low Sold price  $46,200

Average Sold Price/SqFt  $94.67

 

Over $ 200,000 Rockford MI Homes

220 Active Rockford MI Listings

Sold Rockford Homes  15

Pending Rockford Homes 14

Average Rockford List Price:  $ 365,519

Average Rockford Sold Price: $ 255,261

Average Sold Price/SqFt  $ 140.45

High Sold Price $ 410,000

Low Sold Price  $200,000

 

Inventories have increased with the spring market and sales are

starting to take off in Rockford over the last 2 months.  The absorption

rate is 7.5 months which is a normal market range for our area.

It appears that smaller homes are selling faster because the price

per sq ft has gone up while the average sale price has declined by

15% from last months report.  It is important  that you have your

home in  great condition and priced correctly. Over-priced homes

will not sell in this buyer’s market.

 

If you have any questions about  Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

 

Rockford Michigan Real Estate Market Report ~ May 2009

Rockford Michigan Real Estate Market Report ~ April 2009

Rockford Michigan Real Estate Market Report ~ March 2009

Rockford Michigan Top Best Home Buys ~ June 2009

Rockford Michigan Video Tour

 

Grand Rapids -Ada Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook