Lowell Michigan Real Estate Market Report Jan-June 2011
Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.
It has really grown in the last 20 years, in many ways. Lowell has a great
school system, a thriving business community, a lively arts society, and
is one of the growing Grand Rapids suburban communities in Kent County.
LOWELL MI MID-YEAR STATS:
Active Listings: 136
Average Sold Price: $132,408
PENDING Sales: 45 homes
SOLD Homes: 83 Sold Homes
Average Sold Price: $ 152,548
Average Sold Price to List Price: 96.32%
Absorption Rate for Lowell Listings is 6.3 months for the
current housing inventory. If no other homes enter the market, it
will take 6.3 months for the current homes to sell at the current
rate of sales. This figure is up from 2010 rates.
Lowell Homes are selling for less this year, or the lower
priced homes are selling, either way the average sold
price took a steep plunge from over $200, 000 for 2010. Although,
the average sale price to list price for sold homes has increased slightly.
Additional Lowell Articles:
Search Lowell MI Bank Owned –Short Sale Homes
Lowell Michigan Real Estate Market Reports
If you would like additional information about Lowell
Area Homes, please contact me through email or my web site.
Copyright 2011 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. We believe Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263