Grand Rapids Real Estate

SEARCH EAST GRAND RAPIDS HOMES

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and the current neighborhood markets in

Ada, Cascade, Forest Hills, Caledonia, Rockford and East Grand Rapids.

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

East Grand Rapids Michigan Real Estate Market Report Sept. 2015 – Feb. 2016

Posted on March 10, 2016 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Sept. 2015 – Feb 2016

by Terry and Bonnie Westbrook
East Grand Rapids is a community of homes

priced from the mid $100,000’s to over $1,000,000,

with the majority of homes selling from $300K to $400K.

East Grand Rapids is a very popular place to live in GR,

great public school system, its’ walkability, being close

to downtown GR Medical Mile, businesses, attractions and

shopping in Gaslight and Breton Villages.

East Grand Rapids Real Estate Report

Sept. 2015 – Feb. 2016

For the last 6 Months:

35 Active Listings – from $169,900 to $ 2,800,000

33 Pending Listings

102 Sold Homes – from $ 157,000 to $ 3,500,000

Average List Price – $ 642,217

Average Sold Price – $ 404,276

Sold home prices have risen sharply in the last 6 months

in East Grand Rapids, about 10% for the average sold price.

For sale home inventory numbers are down and sales are

gobbling up listings almost as fast as they appear.

In the lower price brackets, be prepared to pay more

than list price, regardless of condition, to be a successful buyer

in today’s East Grand Rapids real estate.

However, the higher bracket homes may take a while to sell,

days on the market vary for the last six months from 0 to 539 days.

The average home spent about 64 days on the market before going

pending.

Been thinking of selling your East Grand Rapids home?

2016 could be the time to call for a custom analysis of what your home

might be worth in today’s market. And valuable advice on what updates

current buyers are willing to pay for and which ones they aren’t.

Don’t over improve your home! Buyers will pay more for some

improvements, but not all.

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

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS HOMES

__________________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and the current neighborhood markets in

Ada, Cascade, Forest Hills, Caledonia, Rockford and East Grand Rapids.

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

East Grand Rapids Michigan Real Estate Market Report July – December 2014

Posted on January 22, 2015 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report July – December 2014

by Terry & Bonnie Westbrook
East Grand Rapids is a community of homes

priced from the mid $100,000’s to over $1,000,000,

with the majority of homes selling from $300K to $400K.

East Grand Rapids is a very popular place to live in our area,

great public school system, its’ walkability, being close

to downtown GR Medical Mile, businesses, attractions and

shopping in Gaslight and Breton Villages.

Don’t mind feeding these deer.

East Grand Rapids Real Estate Report July-December 2014

Active Listings – 65 from $159,000 to $ 3,500,000

Sold Homes – 132 from $ 106,000 to $ 1,200,000

Average List Price – $ 580,197

Average Sold Price – $ 346,650

Sold home prices have fallen slightly in East Grand Rapids

in the last six months. Home inventory numbers are up slightly,

so good news for buyers. We have heard through the real estate

grape-vine that some small homes are being torn down and mega-

mansions are replacing them. With aging stock and no new land

to develop, this is the only option left to those determined to live

at an East Grand Rapids address.

If you have been thinking of selling your East Grand Rapids home,

2015 could be the time to call for a custom analysis of what your home

might be worth in today’s market. And valuable advice on what updates

current buyers are willing to pay for and which ones they aren’t.

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

give Terry a call at 616-292-7263.

_____________________________________________________________________________________

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!

East Grand Rapids Michigan Real Estate Market Report January-March 2014

Posted on April 19, 2014 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report January-March 2014

by Terry & Bonnie Westbrook

East Grand Rapids is a community of homes priced from the

mid $100,000’s to over $1,000,000 with the majority of homes

selling from $300K to $500K.

East Grand Rapids is a very popular place to live in the Greater

Grand Rapids area, its’ walkability, close to downtown GR businesses,

shops, and restaurants in Gaslight Village are the main reasons.

East Grand Rapids Real Estate Report January-March 2014

Active Listings – 42 from $169,900 to $ 1,450,000

Pending Sales – 28

Sold Homes – 35

Average Sold Price – $ 348,017

The average sold home price has fallen slightly in East GR

in the last three months. This is due to a dearth of homes for sale,

rather than a declining market. Home inventory numbers are at all

time lows, just a few years from too many homes on the market.

Listing prices are definitely rising, but the average sale price dropped.

Lower priced homes, between one hundred and two hundred thousand

are difficult for buyers to find. The low number of home transactions

for the first quarter is due to low inventory, also.

Grand Rapids is experiencing this throughout the Greater Grand Rapids

market, and it affects all price points. Buyers are still wary of buying a

home that is over priced, so sellers are still sitting on the market if they

are over optimistic about their selling price.

If you have been thinking of selling your East Grand Rapids home,

2014 could be the time to call for a custom analysis of what your home

might be worth in today’s market! If you have questions about

buying/selling an East Grand Rapids home,

give Terry a call at: 616-292-7263.

SEARCH EAST GRAND RAPIDS HOMES

______________________________________________________________________________

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

OUR FLICKR PHOTO STREAM

East Grand Rapids Michigan Real Estate Market Report July – December 2013

Posted on January 2, 2014 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report July – December 2013

by Terry & Bonnie Westbrook

East Grand Rapids is a community of homes priced from the

mid $100,000’s to over $1,000,000 with the majority of homes

selling from $200K to $400K.

East Grand Rapids is a very popular place to live in our area,

its walkability, close to downtown GR businesses, and shops, restaurants

in Gaslight Village are the main reasons.

East Grand Rapids Real Estate Report July-December 2013

Active Listings – 41 from $144,900 to $ 1,599,000

Pending Sales – 58

Sold Homes – 116 from $ 126,000 to $ 1,312,500

Average List Price – $ 416,871

Average Sold Price – $ 362,493

Sold home prices have risen about 10% in East Grand Rapids

in the last six months. Home inventory numbers are down, so this is

good news for home sellers, especially those waiting for an improving

market. Interest rates are still low, so buyers can still make a wise decision by

choosing to own their own home.

If you have been thinking of selling your East Grand Rapids home,

2014 could be the time to call for a custom analysis of what your home

might be worth in today’s market!

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

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS HOMES

_____________________________________________________________________________________

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

East Grand Rapids Michigan Real Estate Market Report April-July 2013

Posted on August 12, 2013 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report April-July 2013

by Bonnie Westbrook

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $1,000,000 with the majority of homes

selling from $200K to $400K. Only 25% of these homes have been

on the market for over 90 days.

East Grand Rapids is a very popular place to live in our area, its

walkability, close to downtown GR and the core retail area a few

of the main reasons.

East Grand Rapids Real Estate Report April 1 – July 31 2013

Active Listings – 61 from $144,900 to $ 1,000,000

Pending Sales – 22

Sold Homes – 97 from $ 136,900 to $ 1,625,000

Average Sold Price – $ 326,757

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

is shrinking. Good news for home sellers,especially those waiting for an improving

market. Interest rates are still low, so buyers can still make a wise decision by

choosing to own their own home.

If you have been thinking of selling your East Grand Rapids home, summer of 2013

could be the time to call for a custom analysis of what your home might be worth

in today’s market!

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

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS HOMES

_____________________________________________________________________________________

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

East Grand Rapids Michigan Real Estate Market Report Oct-Dec 2012

Posted on March 18, 2013 by Terry & Bonnie

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.

SEARCH EAST GRAND RAPIDS HOMES

____________________________________________________________________________________________

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

SEARCH for EGR Bank Owned + Short Sale Homes

East Grand Rapids Michigan Real Estate Market Report Sept 2011

Posted on October 6, 2011 by Terry & Bonnie

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.

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

SEARCH FOR EAST GRAND RAPIDS HOMES

More East Grand Rapids Articles:

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!

Contact Terry 616-292-7263

East GR Real Estate Market Articles

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

Posted on July 6, 2011 by Terry & Bonnie

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.

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.

East Grand Rapids Michigan Top Best Buy Homes August 2010

Posted on August 27, 2010 by Terry & Bonnie

East Grand Rapids Michigan Top Best Buy Homes August 2010

We have a 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, marble tile, 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.

August 2010 – 23 TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $78.36 to $114.43

Highest List Price – $ 315,000

Lowest List Price – $ 104,900

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

2238 Audubon Dr SE $104,900 920 Sq Ft $114.02/SqFt

2610 Albert Dr SE $144,500 1500 SqFt $96.33/SqFt

2665 Richards Dr SE $130,000 1862 Sq Ft $112.84/SqFt

630 Rosewood Ave $145,500 1862 Sq Ft $78.36/SqFt

2144 Tenway Dr SE $149,900 1362 Sq Ft $110.06/SqFt

1442 Eastlawn SE $160,000 1818 Sq Ft $82.51/SqFt

2840 Cascade Rd $160,000 1792 Sq Ft $89.29/SqFt

2053 Englewood Dr $169,900 1954 Sq Ft $101.98/SqFt

2338 Burchard $169,900 1635 Sq Ft $103.91/SqFt

2937 Lake Dr SE $179,900 1602 Sq Ft $112.30/SqFt

3030 Cascade Rd $189,900 1878 Sq Ft $101.12/SqFt

1765 Whitfield SE $199,000 1786 Sq Ft $86.52/SqFt

2405 Oakwood Dr $199,900 1786 Sq Ft $111.93/SqFt

2029 Hall St SE $204,900 1821 Sq Ft $112.52/SqFt

2953 Beechwood Dr $209,900 1867 Sq Ft $112.43/SqFt

1401 Pinecrest Ave $218,000 2116 Sq Ft $103.02/SqFt

2900 Lake Dr SE $219,900 1966 Sq Ft $111.85/SqFt

1536 Eastlawn SE $229,900 2312 Sq Ft $99.44/SqFt

1706 Exeter SE $230,000 2010 Sq Ft $114.43/SqFt

1773 Oxford Dr SE $254,900 2010 Sq Ft $106.12/SqFt

1740 Vesta Lane $259,900 2561 Sq Ft $101.48/SqFt

1524 Lake Grove $269,900 2521 Sq Ft $107.06/SqFt

2428 Hall St $315,000 2901 SqFt $108.58/SqFt

***Underlined homes have had recent price reductions.

East Grand Rapids homes are selling. If you have been waiting

for the right time to buy, don’t wait much longer. We are

seeing definite signs of competition for homes in East Grand

Rapids and Forest Hills.

Homes in good condition and priced appropriately are selling.

The homes available this month in East Grand Rapids are

priced higher, lowest and highest prices are both higher than

they have been for the past 2 years.

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present

condition.*

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. 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