East Grand Rapids Michigan Real Estate Market Report Sept 2011

East Grand Rapids Michigan Real Estate Market Report  Sept 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.

EastGrandRapids_ leaves

July 1 to Sept 30, 2011 EGR STATS:

94 Active Listings for sale

11 Pending Home Sales

83 Sold Homes

$286,813 Average Sold Price

92.9% of Sale Price to List Price

Absorption Rate: 4.4 months

East GR is seeing a slight rise in home prices over first half

2011 averages, and the Absorption rate is much lower.  Average

sold price is about 10% higher but % of sale price to list price

 

 

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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. 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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