Lowell Michigan Real Estate Market Report April – Sept 2012

Posted on October 23, 2012 by Terry & Bonnie

Lowell Michigan Real Estate Market Report April – Sept 2012

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 April thru Sept, 2012 Real Estate STATS:

Active Listings: 123 From $ 37,500 to $ 850,000

Average Sold Price: $148,854 From $ 17,100 to $ 450,000

PENDING Sales: 32 homes

SOLD Homes: 122 Sold Homes

Lowell housing is rising in listing price and sold price for the last

six months. Time to buy in Lowell is now, while interest rates are low,

and before inventory gets tighter. All indications are showing inventory

is shrinking and home prices are rising. If you have been sitting on the

fence about buying or selling, time to take action.

SEARCH LOWELL MICHIGAN HOMES

Search Lowell MI Bank Owned –Short Sale Homes

Additional Lowell Articles:

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 phone, email or my web site.

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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

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report June-Sept 2012

Posted on October 16, 2012 by Terry & Bonnie

Forest Hills Michigan Real Estate Market Report June-Sept 2012

Forest Hills is a school district in Ada–Cascade Michigan

real estate market that is always active. This Grand Rapids suburban

community has wonderful neighborhoods, some new and some older

with Top Ranked Forest Hills Public Schools, private schools, and

a life style that attracts many home owners.

2012 Real Estate Market Activity

Under $250,000 Homes:

Forest Hills Current Listings = 144

Average Sold price – $180,497

Average Time on Market = 3-4 months

Average Sold Price/Sq Ft = $ 105.79

$ 250,001 and Up Homes:

Forest Hills Current Listings = 197

Average Sold Price = $ 440,603

Average Sold Price/Sq Ft = $153.24

Home inventory is shrinking and prices are rising in Forest Hills

for the last 6 months of market time. Homes have gone up an

average of 10%, and sold price/square foot has risen in both

low and high end homes. Still a good time to buy, interest rates are

still low, but home inventory is getting smaller.

Call Terry if you are interested in buying or selling a Forest Hills home.

He has over 35 years of experience in selling and buying West Michigan

and Forest Hills homes.

SEARCH FOREST HILLS HOMES

Additional Forest Hills Articles:

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 Homes, please contact me directly.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

Posted on October 9, 2012 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

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. East Grand Rapids is a very popular

place to live and the months of home inventory, lowest in the

Grand Rapids area, shows this.

East Grand Rapids Real Estate Report April – Sept 2012

Active Listings – 62 from $130,000 to $ 1,950,000

Average List Price – $ 484,823

Pending Sales – 23

Sold Homes – 140 from $ 76,677 to $ 1,200,000

Average Sold Price – $ 290,550

Average Days on Market – 80

Absorption Rate - 2.28 months

Home inventory is down to a new level in East GR, but as you can see

by the graph above, home sales are still not driving prices up, so far.

Though prices are leveling out and low prices are hovering around

$ 130K in the starter range. The Absorption Rate is 2.28 months,

which means if no new homes enter the market, it will take 2.28 months

for the current inventory to be sold or absorbed, at the current rate

of sales. This is back into Seller Control category, which we haven’t seen

for at least 5 years.

If you have questions about buying or selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS HOMES

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

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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

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market April-Sept 2012

Posted on October 8, 2012 by Terry & Bonnie

Kentwood Michigan Real Estate Market April-Sept 2012

Kentwood Michigan is a large suburban city southeast of Grand

Rapids, 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.

2012 2nd & 3rd Quarter Real Estate Market Activity

Kentwood Current Listings = 211

Average List price – $127,946

Average Time on Market = 84 days

Average Sold Price = $ 124,553

Absorption Rate = 3.11 months

The average home in Kentwood is selling for about 23% more

than first quarter of 2012. The time on the market and the Absorption

rate are both close to 3 months and no change from earlier stats. Real

estate prices are on the upswing in Kentwood.

SEARCH for Kentwood Michigan Homes

More Kentwood Michigan Articles:

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

any Kentwood home, please contact Terry.

____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Real Estate Market Report April-Sept 2012

Posted on October 7, 2012 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report April-Sept 2012

2012 2nd & 3rd Quarter Real Estate Market Activity

Current Active Listings = 83

Average List price – $274,755

Average Time on Market = 80-90 days

Average Sold Price = $ 183,328

Absorption Rate = 2.9 months

Caledonia real estate has seen an increase in sales price

and shrinking inventory. Prices have risen and many who were

waiting on the sidelines are back in the selling market. The absorption

rate is down from 4.6 months in the first quarter to 2.9 months in the

last 2 quarters. All signs of a definite recovery for Caledonia real estate

for the main buying and selling period this year.

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

More Caledonia Michigan Articles:

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.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Rockford Michigan Real Estate Market Report April–Sept 2012

Posted on October 5, 2012 by Terry & Bonnie

Rockford Michigan Real Estate Market Report April–Sept 2012

Rockford is a northern suburban city near Grand Rapids,

about 15-20 minutes by freeway from the center of the city. It is a

small town on the Rogue River with: an excellent public school system,

diverse businesses, and resources.

April 1 to Sept 30, 2012 Rockford Real Estate Stats

339 Active Rockford MI Listings

Pending Home Sales: 97

Sold Rockford Homes: 337

Average sold price $ 203,203

Average sold price/sq ft = $114

Absorption Rate : 3.8 months

Housing sales in Courtland Township, Algoma Township and

City of Rockford are included in this report. Rockford’s housing market

ranges from $30K at the low end to over $1 million at the high end.

The average sold home price has increased a bit over 10% from 2012

first quarter statistics. The Absorption Rate is at 4.68 months, which

means if no new homes enter the market, it would take 4.68 months for

the existing homes to sell. This is a good rate for the Grand Rapids area,

as listing inventory dips to near average levels.

If you have any questions about Rockford homes, please contact

me directly: 1-616-292-7263 or email: terry@terrywestbrook.com

SEARCH FOR ROCKFORD MICHIGAN HOMES

SEARCH for Rockford MI Bank Owned –Short Sale Homes

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Monthly Archives: October 2012

Lowell Michigan Real Estate Market Report April – Sept 2012

SEARCH LOWELL MICHIGAN HOMES

Forest Hills Michigan Real Estate Market Report June-Sept 2012

Forest Hills Michigan Real Estate Market Report June-Sept 2012

SEARCH FOREST HILLS HOMES

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

SEARCH EAST GRAND RAPIDS HOMES

Kentwood Michigan Real Estate Market April-Sept 2012

SEARCH for Kentwood Michigan Homes

Caledonia Michigan Real Estate Market Report April-Sept 2012

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

Rockford Michigan Real Estate Market Report April–Sept 2012

SEARCH FOR ROCKFORD MICHIGAN HOMES

More Rockford Articles: