Caledonia Michigan Real Estate Market Report Jan-June 2011
The first half of 2011 has been a good real estate market in
Caledonia Michigan. Absorption rate for Caledonia MI Market is
currently 7.2 months,which means if no other homes come on the
market, it will take 7.2 months for the current inventory to sell
at the current sales rate. This stat has lowered since last year,
showing the uptake in home sales in Caledonia, Michigan.
Active Listings – 118
Average List Price – $227,573
Sold Homes = 60
Pending Sales = 38
Average Sold Price = $187,427
Average Sold $/Sq Ft = $ 99.97
Sale Price to List Price = 94.43%
The Caledonia Market has seen good activity this first half
of 2011, prices are inching up and inventory is slightly down.
The huge unknown for any real estate market this year, is when
and how the foreclosures and bank owned homes will re-enter
the marketplace. If they are dribbled back onto the market,
prices may hold steady. If these homes are dumped back on
the market, en mass, this would lead to further price erosion
for all homes. Now is a great time to sell, if you have been
considering moving to Caledonia.
More Caledonia Michigan Articles:
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Caledonia Michigan Real Estate
If you have any questions about Caledonia or Grand Rapids MI
homes, please contact me directly through 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