Caledonia Michigan Real Estate Market Report Jan – June 2011

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.

Pot of geraniums

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:

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

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

 

_____________________________________________________________________________

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!

ar125812212017642 Caledonia Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 Caledonia Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 Caledonia Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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Kentwood Michigan Real Estate Market Report Jan -June 2011

Kentwood Michigan Real Estate Market Report Jan-June 2011

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

kentwoodlibrarybldg thumb Kentwood Michigan Real Estate Market Report Jan Dec 2010

Kentwood home sales have recouped some of their value this year

though sales volume is down.  We are still seeing some home price

reduction on homes in poor/dated condition.  Good news for sellers,

Kentwood has decreased absorption rates as fewer homes are entering

the market, 60% less homes sold in 2010 than in 2009.

2011 Mid Year Kentwood STATS:

368 Active Listings for sale

124 Pending Home Sales

223 Sold Homes

$96,571 Average Sold Price

96.83% of List Price

Absorption Rate: 6.3 months

 

Home prices are still depressed in many areas of Kentwood

compared to a few years ago.  The Absorption rate is a bit lower than

last year, which is a good sign.

 

Foreclosures and short sales  are still affecting the average market price

in Kentwood.  Home prices will be affected by the way banks handle their

home inventory that is still being held.  If they take a measured approach

to putting these homes on the market, prices will not be affected as much

as if they dump the large home inventory they still hold on the market as

soon as possible. 

 

More Kentwood Michigan Articles:

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Copyright 2010 All rights reserved

Photo of Kentwood Public Library by Bonnie Westbrook

____________________________________________________________________________

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!

ar125812212017642 Kentwood Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 Kentwood Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 Kentwood Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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East Grand Rapids Michigan Real Estate Market Report Jan – June 2011

East Grand Rapids Michigan Real Estate Market Report  Jan-June 2011

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $120K to $400K.  Since this is such a large spread

it is difficult to produce true averages beyond a neighborhood

level, so take that in consideration with the following statistics.

Gaslight Village Shopping EGR

2011 First Half EGR STATS:

146 Active Listings for sale

30 Pending Home Sales

80 Sold Homes

$260,384 Average Sold Price

95.21% of Sale Price to List Price

Absorption Rate: 7.9 months

Synopsis:  East GR is seeing a slight rise in home prices

over 2010 averages, though the  Absorption rate is slightly higher.

Demand for East GR homes is about the same as 2010 but

indices are looking up, so far.  If the bank owned homes are

dumped back on the market, this would erode prices further.

 

 

More East Grand Rapids Articles:

SEARCH FOR EAST GRAND RAPIDS HOMES

SEARCH for EGR Bank Owned + Short Sale Homes

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. We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

GRAM on the Green Free Concerts 2011

GRAM on the Green Free Concerts 2011

Friday nights at the Grand Rapids Art Museum will be hopping

this summer!  With live music, the arts, dance, and just plain

people watching.  Come on over and join the fun!

GRAM on the Green

The third GRAM on the Green season will begin this week.

Every Friday evening from July 8th to August 19th 2011 there

will be live music in front of the Grand Rapids Art Museum.

Events:

Outdoor Sketching & Games – Wege Plaza  5:00 – 9:00 pm

Zumba Exercise Class – Rosa Parks Circle – 5:15 – 6:00 pm

Ballroom Dancing – Rosa Parks Circle – 8:30 – 10:30 pm

Galleries Open till 9:00 pm

Cash Bar on the Terrace till 8:30 pm

Friday Night Conversations  7:00 pm

LIVE MUSIC   6:00 pm & 7:30 pm

July 8th – Marshland Express – Randy Marsh

July 15th – End times Orchestra – Musical Theatre

July 22nd –An Dro – World Beat music w/ a Celtic Beat

July 29th – DJ Brandon Hill – Electronic/Dubstep/UK Bass

August 5th – Fauxgrass Quartet – Bluegrass

August 12th – The Concussions – Surf Music

August 19th – Dave Hardin Band – Americana

_____________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Real Estate Market Report April – June 2011 ar125812218972939 Forest Hills Michigan Real Estate Market Report April – June 2011 ar125812225271331 Forest Hills Michigan Real Estate Market Report April – June 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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Lowell Michigan Real Estate Market Report Jan- June 2011

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 Showboat Summer Concert

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 MICHIGAN HOMES

Search Lowell MI Bank Owned –Short Sale Homes

Lowell Michigan Real Estate Market Reports

Video Tour of Lowell Michigan

Lowell Michigan Events

If you would like additional information about Lowell

Area Homes, please contact me through email or my web site.

Copyright 2011     All rights reserved

_____________________________________________________________________________

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!

ar125812212017642 Lowell Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 Lowell Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 Lowell Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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Forest Hills Michigan Real Estate Market Report April – June 2011

Forest Hills Michigan Real Estate Market Report April – June 2011

Forest Hills is actually a school district in Ada–Cascade  real

estate market that is always active. These 2 Grand Rapids suburban

communities have wonderful neighborhoods, some older, some new

with Top Ranked Forest Hills Public Schools and private schools,

such as Ada Christian that attract many home owners.

This report will cover the second quarter 2011 Forest Hills real

estate market activity.

hands banner at Northern Trails

Forest Hills April – June 2011 Real Estate Market Report:

Active Listings – 440

Average Sold Price:

Above $250K = $ 404,154

Below $250K = $ 158,056

Pending – 90

Sold – 190

% Sale Price to List Price – 94.6%

Absorption Rate: 4.7 Months

Please bear in mind that this report is all about averages.

While it might take one home 330 days to sell, another may sell in

under a week.  Condition, location, and amenities play a big role

in a fast sale.  Even though there are many multi-million dollar homes

in this district, the majority of homes are under $400K with the

average sold price at around $300K.

 

The Absorption Rate at 4.7 months means that it will take about

4.7 months for the current inventory of homes to sell, if selling at the

current rate.  This is considered a normal market. Real estate is

selling in the Forest Hills district  As in a typical market, spring and

early summer experience many home sales.

 

Additional Forest Hills Articles:

SEARCH FOREST HILLS HOMES

SEARCH Forest Hills Bank Owned – Short Sale Homes

Forest Hills Real Estate Market Reports

Forest Hills District Ranks Top in State

Forest Hills District Posts MEAP Scores

If you would like specific information about an Ada, Cascade or

Forest Hills MI Home, please contact me directly.

Copyright 2011  All rights reserved

Photo of Forest Hills Northern Trails School Banner by Bonnie Westbrook

_____________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Real Estate Market Report Jan March 2011 ar125812218972939 Forest Hills Michigan Real Estate Market Report Jan March 2011 ar125812225271331 Forest Hills Michigan Real Estate Market Report Jan March 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Top Best Buy Homes June 2011

Kentwood Michigan Top Best Buy Homes June 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $85-$90/ per square foot.   Price per square foot is a

great leveler, if two similar homes are listed at similar prices, their

price per square foot and amenities should be similar.

The price should reflect the interior finish of the  home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

new kentwood library bldg

June 2011   TOP BEST BUYS in  Kentwood Michigan Homes

Top Kentwood MI Homes to Buy by Price per Square Foot:

 

6976 Eastern Ave      $79,900      936 Sq Ft     $85.36/SqFt

2780 60th St               $96,000     1080 Sq Ft    $88.89/SqFt

259 68th St                 $99,900      1172 Sq Ft   $85.24/SqFt

5261 Blaine Ave        $99,900     1150 Sq Ft   $86.87/SqFt

1718 Langley St        $117,500     1365 Sq Ft   $86.08/SqFt

4857 Marshall Ave    $119,900     1380 Sq Ft   $86.69/SqFt

4659 Summer Crk Ln  $119,900    1392 Sq Ft   $86.14/SqFt

3435 Meadow Lake Ct $124,900    1392 Sq Ft   $89.73/SqFt

5733 E Grove Dr            $126,900    1457 SqFt   $87.10/SqFt

5058 Alyssum              $127,900    1500 Sq Ft   $85.27/SqFt

5762 Sugarberry         $129,900    1460 Sq Ft   $88.97/SqFt

4516 Northbury           $129,900    1500 Sq Ft   $86.60/SqFt

25882 Blooming Bud Ln $137,655    1554 Sq Ft   $88.59/SqFt

3662 W Grove Dr           $147,000     1386 Sq Ft   $89.74/SqFt

5584 E Grove Dr            $ 147,900    1736 Sq Ft    $85.20/SqFt

3558 Raintree Ct         $149,900     1692 Sq Ft   $88.59/SqFt

5616 E Grove Dr           $154,900     1812 Sq Ft   $85.49/SqFt

1939 Hollow Creek Dr  $159,000    1795 Sq Ft   $88.58/SqFt

3428 Meadow Lake Ct  $164,900    1897 Sq Ft  $86.93/SqFt

2441 Whispering Mdw  $174,900     1978 Sq Ft    $88.42/SqFt

5727 W Grove Dr           $179,900     2080 Sq Ft    $86.49/SqFt

1931 Hollow Creek Dr   $179,900     2000 Sq Ft    $89.95/SqFt

2161 Stowe Valley         $179,900    2056 Sq Ft    $87.50/SqFt

7397 Misty View Ct        $184,900    2072 Sq Ft    $89.24/SqFt

3507 Long Grove Dr       $189,000     2108 Sq Ft    $89.66/SqFt

3445 N Meadow Grove   $229,900    2602 SqFt     $88.36/SqFt

3505 Birch Knoll              $249,900     2796 SqFt     $87.50/SqFt

51 Pending Sale homes last month

34 Sold Homes in Kentwood last month

Average sold price = $ 103,998

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales.  Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing.  Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider.  Foreclosures are “somewhat” easier

to purchase but many are sold as-is, so funds for home repairs and

improvements are crucial.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you.  Interest rates are still at record

lows and inventory is very affordable in Kentwood.

 

SEARCH FOR KENTWOOD HOMES

SEARCH KENTWOOD MI Short Sale & Foreclosure Homes

More Kentwood Michigan Real Estate Articles

Home Buying Questions & Answers

If you would like to view a Kentwood Home, please call

1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

All information is subject to verification & no liability for omission

or error is assumed.

_____________________________________________________________________________________________________

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!

ar125812212017642 Kentwood Michigan Top Best Buy Homes May 2011 ar125812218972939 Kentwood Michigan Top Best Buy Homes May 2011 ar125812225271331 Kentwood Michigan Top Best Buy Homes May 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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