Caledonia Michigan Real Estate Report ~ July 2009

Current Caledonia MI Absorption Report

Absorption rate for Caledonia MI Market is currently 8.6 months,

which means if no other homes come on the market, it will take

8.6 months for the current inventory to sell at the current

sales rate. This stat is one third less than last month’s figure.

We are seeing a definite upturn in sales in Caledonia homes and

sell times are returning to the normal range.

Ruehs Park Caledonia Michigan

There are 156 current active listings, from $39,000 to

$1,284,900 in Caledonia MI.

The current average Caledonia home listed price is much higher

[about $324,828] than the average sold price [$188,447].

25 Pending Home Sales, and 69 Sold Homes since Jan 1, 2009.

The average sold price/Square foot is $ 98.42

Sold High $875,000 Sold Low – $34,000

There are 6 homes in million dollar + range listed, so this skews the

figures somewhat in the upper brackets.

The Caledonia market is much brisker this month as buyers try to get

situated in their new homes before school starts. Newer and higher

end homes are selling, only 3 homes sold at $100,000 or under.

Average sold price per square foot rose again this month. There

are some excellent buys in Caledonia but they are

disappearing fast. Don’t wait until they are gone.

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook

Grand Rapids Real Estate