East Grand Rapids Michigan Real Estate Market Report Oct-Dec 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 $100K 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.

Autumn Grass

East Grand Rapids Real Estate Report Oct 1 – Dec 31 2012

Active Listings – 13 from $145,000 to $ 1,050,000

Average List Price – $ 484,823

Pending Sales – 2

Sold Homes – 47 from $ 96,111 to $ 1,065,000

Average Sold Price – $ 274,516

Average Days on Market – 52-57 days

Home prices are rising in East Grand Rapids, just as home inventory

is shrinking. Good news for home sellers, prices starting to rise. Low

appraisals is still a problem in most areas, though we predict East GR and

Forest Hills will be the first to recover. If you have been thinking of selling

your East Grand Rapids home, spring of 2013 could be the time!

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

give Terry a call at 616-292-7263.

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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!

Contact Terry 616-292-7263

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