Caledonia Michigan Real Estate Market Report – Jan-Dec 2009 - Grand Rapids Real EstateGrand Rapids Real Estate

Caledonia Michigan Real Estate Market Report – Jan-Dec 2009

Absorption rate for Caledonia MI Market is currently 7.16 months,

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

7.16 months for the current inventory to sell at the current

sales rate. This stat is one third+ less than summer’s figure.

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

sell times may be returning to a “normal” range of 3-6 months.

There are 123 current active listings, from $49,900 to

$1,100,000 in Caledonia MI.

The current average Caledonia home listed price is much higher

[about $293,852] than the average sold price [$136,037].

25 Pending Home Sales, and 52 Sold Homes since Jan 1, 2009.

The average sold price/Square foot is $ 84.61

Sold High $290,000 Sold Low – $34,000

There are 2 homes in million dollar + range listed, so this skews the

figures somewhat in the upper home price brackets.

The Caledonia market has been busy this year; buyers bought 8 homes

under $100K, the majority were between $100-200K.

Average sold price/square foot and average sold price overall lost

ground this year. There are 14 homes listed under $100K, and lots

of opportunities in the middle brackets to own a home in Caledonia.

With interest rates bound to rise, buying now could save you

thousands of dollars over the life of your mortgage.

Grand Rapids Real Estate