Caledonia Michigan Real Estate Market Report April – June 2010
Absorption rate for Caledonia MI Market is currently 6.5 months,
which means if no other homes come on the market, it will take 6.5 months for
the current inventory to sell at the current sales rate. This stat is down by one
third less than last year’s figure. We are seeing a definite slowdown after the first
quarter uplift in sales in Caledonia homes. Sell times are currently edging out of
the “normal” range of 3-6 months and back to a buyer’s market.
Caledonia Library Sign
153 current active listings
High price – $1,145,000
Low price – $ 49,900
Current average List price $272,376
Current average sold price $200,148
26 Pending Sales
44 Sold Homes
Average sold price/Square foot is $ 101.95
Sold High $525,000
Sold Low – $22,500
1 home in million dollar+ range skews the figures somewhat in the upper home price brackets.
The Caledonia market has been busy so far this year; buyers bought 2 homes
under $100K, the majority of homes purchased were between $100-300K. Currently,
there are only 10 homes listed under $100K, 39 homes listed over $ 500K, and that means
77 homes are listed between $100K and 499,999K, many opportunities in the middle
brackets to own a home in Caledonia. In general, higher priced listings are seeing
downward pricing pressure from buyers.
With interest rates at record low levels, buying now could save you thousands
of dollars over the life of your mortgage.
Caledonia Michigan Real Estate Articles
If you have any questions about Caledonia or Grand Rapids MI
homes, please contact me directly through my web site.
Copyright 2010 All rights Reserved
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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,
numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263