East Grand Rapids Michigan Real Estate Market Report Jan – June 2011

East Grand Rapids Michigan Real Estate Market Report  Jan-June 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.

Gaslight Village Shopping EGR

2011 First Half EGR STATS:

146 Active Listings for sale

30 Pending Home Sales

80 Sold Homes

$260,384 Average Sold Price

95.21% of Sale Price to List Price

Absorption Rate: 7.9 months

Synopsis:  East GR is seeing a slight rise in home prices

over 2010 averages, though the  Absorption rate is slightly higher.

Demand for East GR homes is about the same as 2010 but

indices are looking up, so far.  If the bank owned homes are

dumped back on the market, this would erode prices further.

 

 

More East Grand Rapids Articles:

SEARCH FOR EAST GRAND RAPIDS HOMES

SEARCH for EGR Bank Owned + Short Sale Homes

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. We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

East Grand Rapids Michigan Top Best Buy Homes May 2011

East Grand Rapids Michigan Top Best Buy Homes May 2011

This is our list of the Top Best Buy East Grand Rapids Houses

to buy based on price/square foot.  Price per square foot is a

great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar and it should reflect

the interior finish of the home.  East GR has homes listed at almost

$500/ Sq Ft and under $100/Sq Ft, so the range here is wide.

 

For example, if it has crystal chandeliers, wood flooring, a new

kitchen, this would be more value per square foot than a home

that still has the 1980’s decor and/or is in derelict condition.

 

Please note that this list can change daily as some homes sell, prices

are adjusted and other homes come on the market.  If you would like

to sign up for daily new listing email, just contact Terry.  You can also

sign up for saved searches on our website.  This saves your profile

search and lets you monitor and control your search details.

 

bleeding heart blooming

May 2011 –  TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $73.42 to $119.78

Highest List Price -  $ 359,000

Lowest List Price -  $ 122,500

The Top East GR Homes to Buy by Price per Square Foot:

1600 Wealthy St SE   $122,500     1248 Sq Ft   $98.16/SqFt

2151 Tenway             $145,000    1396 Sq Ft    $103.87/SqFt

1647 Franklin St        $149,900     1400 Sq Ft   $107.07/SqFt

712 Lovett Ave          $153,900     1543 Sq Ft   $99.74/SqFt

1058 Orchard Ave      $159,900    1335 Sq Ft    $119.78/SqFt

2144 Hall St SE          $164,000     1742 Sq Ft    $94.66/SqFt

2405 Oakwood Dr      $165,000      1786 Sq Ft   $92.39/SqFt

1032 San Juan Dr      $179,900     1696 Sq Ft   $106.07/SqFt

441 Rosewood            $179,900     1680 Sq Ft   $107.08/SqFt

2437 Hall St                 $185,000     1720 Sq Ft    $107.56/SqFt

1138 Lakeside Dr       $187,900      1736 Sq Ft    $108.24/SqFt

2437 Hall St                 $189,900     1720 Sq Ft    $110.41/SqFt

1440 Sherwood          $214,000      2044 Sq Ft    $104.70/SqFt

1436 Rosalind             $229,900     2123 Sq Ft    $108.20/SqFt

1626 Sherman           $240,000      3056 Sq Ft    $78.53/SqFt

715 Cambridge Blvd   $240,000    2177 Sq Ft    $110.24/SqFt

541-3 Greenwood       $269,900    3676 Sq Ft    $73.42/SqFt

1447 Woodcliff Ave    $289,900     2861 Sq Ft    $101.33/SqFt

2733 Maplewood Dr     $295,000    2746 Sq Ft    $107.43/SqFt

2424 Lake Dr                $359,000    3218 Sq Ft     $111.56/SqFt

14 Sold, 22 Pending in the last month in EGR

Average Sale Price  $ 169,525

Average Price/SqFt  $111.02

Home sales have increased this month, home inventory

is  moving in East GR.  Distressed properties are still popping up

but much scarcer than other areas around GR.  Price per square

foot is moving up slowly but surely.

 

SEARCH EAST GRAND RAPIDS HOMES

Bank Owned & Short Sale EGR Homes Search

Related Posts:

Which Mortgage Do I Choose?

East GR  Real Estate Market Articles

Home Buyer Questions & Answers

East Grand Rapids – America’s Hometown

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present

condition.  Sold-As-Is*

If you would like to view an East Grand Rapids Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

_____________________________________________________________________________________________________

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!

ar125812212017642 East Grand Rapids Michigan Top Best Buy Homes April 2011 ar125812218972939 East Grand Rapids Michigan Top Best Buy Homes April 2011 ar125812225271331 East Grand Rapids Michigan Top Best Buy Homes April 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

East Grand Rapids Michigan Top Best Buy Homes April 2011

East Grand Rapids Michigan Top Best Buy Homes April 2011

This is our list of the Top Best Buy East Grand Rapids Houses

to buy based on price/square foot.  Price per square foot is a

great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar and it should reflect

the interior finish of the home.

For example, if it has crystal chandeliers, wood flooring, a new

kitchen, this would be more value per square foot than a home

that still has the 1980’s decor and/or is in derelict condition.

Please note that this list can change daily as some homes sell, prices

are adjusted and other homes come on the market.

Easter_tree_lady

April 2011 –  TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $73.42 to $114.84

Highest List Price -  $ 359,000

Lowest List Price -  $ 122,500

 

The Top East GR Homes to Buy by Price per Square Foot:

1600 Wealthy St SE   $122,500     1248 Sq Ft   $98.16/SqFt

604 Greenwood          $129,873    1238 Sq Ft   $104.91/SqFt

2151 Tenway             $145,000    1396 Sq Ft    $103.87/Sq Ft

1608 Wealthy St SE   $148,900    1608 Sq Ft   $92.60/SqFt

2144 Hall St SE          $164,900     1742 Sq Ft   $94.66/SqFt

1350 Pinecrest Ave  $165,000     1632 Sq Ft    $110.10/SqFt

1032 San Juan Dr      $179,900     1696 Sq Ft   $106.07/SqFt

2405 Oakwood Dr      $185,000      1786 Sq Ft    $103.58/SqFt

1138 Lakeside Dr       $187,900      1736 Sq Ft    $108.24/SqFt

2437 Hall St                 $189,900     1720 Sq Ft    $110.41/SqFt

1108 Kenesaw           $215,000      1919 Sq Ft    $112.04/SqFt

1245 Woodshire Ave  $234,800    2248 Sq Ft    $104.45/SqFt

1626 Sherman           $240,000      3056 Sq Ft    $78.53/SqFt

715 Cambridge Blvd   $250,000    2177 Sq Ft    $114.84/SqFt

915 Plymouth Rd SE   $269,000     2398 Sq Ft   $112.18/SqFt

541-3 Greenwood       $269,900    3676 Sq Ft    $73.42/SqFt

1447 Woodcliff Ave   $289,900     2861 Sq Ft    $101.33/SqFt

2733 Maplewood Dr     $295,000    2746 Sq Ft    $107.43/SqFt

2424 Lake Dr                $359,000    3218 Sq Ft     $111.56/SqFt

 

12 Sold, 15 Pending in the last month in EGR

Average Sale Price  $ 330,375

Average Price/SqFt  $135.49

Seeing home inventory moving in East GR this past month,

typical of a spring market.  Distressed properties are almost

gone from the market, higher priced homes are selling, with

40% of sold homes in the over $300,000+ category.

 

 

SEARCH EAST GRAND RAPIDS HOMES

 

Additional Articles:

Which Mortgage Do I Choose?

East GR  Real Estate Market Articles

Home Buyer Questions & Answers

East Grand Rapids – America’s Hometown

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present

condition.  Sold-As-Is*

If you would like to view an East Grand Rapids Best Buy Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

_____________________________________________________________________________________________________

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!

ar125812212017642 East Grand Rapids Michigan Top Best Buy Homes March 2011 ar125812218972939 East Grand Rapids Michigan Top Best Buy Homes March 2011 ar125812225271331 East Grand Rapids Michigan Top Best Buy Homes March 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

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!

ar125812212017642 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2009 ar125812218972939 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2009 ar125812225271331 East Grand Rapids Michigan Real Estate Market Report Jan Dec 2009

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

East Grand Rapids MI Real Estate Market Report Sept 2010

East Grand Rapids MI Real Estate Market Report Sept 2010

EGR Yacht Club Docks

East Grand Rapids Yacht Club

Active listings – 111

High Price – $ 3,500,00

Low Price – $ 132,600

Pending Home Sales – 16

High Price – $ 999,900

Low Price –  $ 99,900

Sold Homes41

High Price – $ 699,000

Low Price –  $ 112,000

Absorption rate for East Grand Rapids MI housing market is

just under 6 months, if no new listings come on the East Grand

Rapids market, it will take 6 months for the existing home inventory

to sell.


The middle of this market (over $200K-400K) is the busy end

of the sales in the third quarter, with 19 of the 41 sales tallied.

With the current lowest list price at $ 132,600, the bargain basement

days in EGR housing are over.  Homes on the higher priced shelf are

selling, but at a slower rate.

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM