Caledonia Michigan Real Estate Market Report August 2009
Absorption rate for Caledonia MI Market is currently 6.6 months,
which means if no other homes come on the market, it will take
6.6 months for the current inventory to sell at the current
sales rate. This stat is 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.
Current active listings – 158
Low $39,000 High $1,284,900
Average List Price – $304,490
Average sold price – $216,058
Pending Home Sales – 24
Sold Homes – 71
Average sold price/Square foot is $ 108.68
Sold High $875,000 Sold Low – $37,000
These stats are from May 1, 2009
There are 5 homes in million dollar + range listed, so this skews the
figures somewhat in the upper brackets.
The Caledonia market is selling well as buyers try to get
situated in their new homes before school starts. Newer and higher
end homes are selling, only 2 homes pending under $100,000. The majority
of pending sales are $100,000 to $200,000 price range.
Average sold price and sold price/square foot rose again this month,
though average listed price fell by about $20K.
There are some excellent buys in Caledonia but they are
disappearing fast. Don’t wait until they are gone.
Additional Caledonia Michigan Articles:
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Copyright 2009 All rights Reserved
Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in West
Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research & services,
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We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263