East Grand Rapids Michigan Real Estate Market Report April – June 2010

East Grand Rapids Michigan Real Estate Market Report April – June 2010

Large home on Reeds Lake

Second Quarter East Grand Rapids Real Estate Market Report

5 Month Absorption rate for East Grand Rapids MI housing market

which means if no new listings come on the East Grand Rapids market, it will

take 5 months for the existing home inventory to sell.  The Absorption rate is

in normal range for East Grand Rapids homes.

There are 119 active listings on the East Grand Rapids market,

a smaller inventory  than 3 months ago  ranging from

$67,000 to $3,500,000.

17 Pending Home Sales

53 Sold Homes with sold prices ranging from $ 72,800 to $ 1,050,000

Solds by Market Time

22 homes sold in the 0-30 days – 41.51%

9 homes sold in 31-60 days  – 16.98 %

9 homes sold in 61-90 days – 16.98%

6 homes sold in 91-120 days – 11.32 %

7 homes sold in 120+ days – 13.21%


The lower end of this market (under $300K) is the busy end

of the sales in the East Grand Rapids market.   Homes in the higher price

bracket are selling, but at a much slower rate and not at 2006 prices.

The good news for sellers is that over 50% of the homes that are priced

correctly are seeing 92-93% of list price and selling in less than 60 days.

Other Blog articles about East Grand Rapids:

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

Free Friday Night Movies in the Park

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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!

ar125812212017642 Grand Rapids Michigan – City of Bridges ar125812218972939 Grand Rapids Michigan – City of Bridges ar125812225271331 Grand Rapids Michigan – City of Bridges

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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