East Grand Rapids Michigan Real Estate Market Report Jan-Dec 2010

East Grand Rapids Michigan Real Estate Market Report  Jan-Dec 2010

Tree at EGR gaslight village

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, so take that in consideration

with the following statistics.

 

2010 EGR STATS:

107 Active Listings for sale

10 Pending Home Sales

172 Sold Homes 

$256,760 Average Sold Price

111 Days Average Market Time

94.47% of List Price

Absorption Rate: 7 months

Synopsis:  25% Fewer homes were sold in 2010 than

 in 2009, though the average sold price is similar to

last year and the Absorption rate is slightly higher.

Demand for East homes is still high and the turnover

rate is better here than many other areas of metro GR.

Overall, a good year for buyers in East GR.

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. 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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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