East Grand Rapids MI Real Estate Market Report Sept 2010

East Grand Rapids MI Real Estate Market Report Sept 2010

EGR Yacht Club Docks

East Grand Rapids Yacht Club

Active listings – 111

High Price – $ 3,500,00

Low Price – $ 132,600

Pending Home Sales – 16

High Price – $ 999,900

Low Price –  $ 99,900

Sold Homes41

High Price – $ 699,000

Low Price –  $ 112,000

Absorption rate for East Grand Rapids MI housing market is

just under 6 months, if no new listings come on the East Grand

Rapids market, it will take 6 months for the existing home inventory

to sell.


The middle of this market (over $200K-400K) is the busy end

of the sales in the third quarter, with 19 of the 41 sales tallied.

With the current lowest list price at $ 132,600, the bargain basement

days in EGR housing are over.  Homes on the higher priced shelf are

selling, but at a slower rate.

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

_____________________________________________________________________________________________________

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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