Current Real Estate Market Report For East Grand Rapids Michigan
Absorption rate for East Grand Rapids MI housing market is currently
at 7 months, which means if no new listings come on the
East Grand Rapids market, it will take 7 months for the existing
home inventory to sell.
There are 123 active listings on the East Grand Rapids market now,
down about 30% from last month, ranging from $99,980 to $2,039,000.
25 Pending Home Sales
123 Sold Homes with sold prices ranging from $ 25,000 to $ 1,300,000
since Jan 1, 2009 in the East Grand Rapids housing inventory.
East Grand Rapids Homes up to $200,000
Active Listings – 29
Pending – 15
Sold – 45
Avg Sold Price – $ 139,240
East Grand Rapids Homes $200,000 to $300,000
Active Listings - 47
Pending – 4
Sold - 31
Avg Sold Price – $ 250,468
East Grand Rapids Homes $ 300,000 to $450,000
Active Listings - 46
Pending - 3
Sold – 32
Avg Sold Price – $ 363,813
East Grand Rapids Homes $ 450,000 ++
Active Listings - 47
Pending – 3
Sold – 15
The lower end of this market (under $300K) has seen about 75 %
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 over. Homes in the higher prices are selling, but at a
slower rate. The Absorption rate is in the normal range for East
Grand Rapids homes at this point, something we haven’t seen
for a few years.
East Grand Rapids June 2009 Absorption Report
East Grand Rapids Top Best Buy Homes July 2009
East Grand Rapids Michigan ~ America’s Hometown
If you have any questions about East GR homes,
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