East Grand Rapids Michigan Real Estate Market Report ~ June 2009

East Grand Rapids  

Units Sold  June 2009

Sales Price Graph (Includes Sold Homes Only) Quick Sheet for June 2009

East Grand Rapids Sale July 2009

Units Sold

East Grand Rapids Units Sold July 2009

Active Listings in East Grand Rapids as of July 1, 2009

(Not all homes may be shown due to map scale)

East Grand Rapids Homes for sale Map July 2009

Median Sold Price $202,500

Average days on Market 66

Percent Sold/List 92.11%

Current Inventory 159

Months Inventory 8.3

Average $ per Sqft. $99.08

Information is deemed reliable but not guaranteed.

If you would like to view a listed East Grand Rapids home, please contact me

at 616-292-7263 or email me at Terry@TerryWestbrook.com

Westbrook Realty  Grand Rapids Real Estate

East Grand Rapids Michigan Real Estate Absorption Report ~ April 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 11.29 months, which means if no new listings come on the

East Grand Rapids market, it will take 11.29 months for the existing

home inventory to sell.

There are 166 active listings on the East Grand Rapids market now,

up 26 from last month, ranging from $99,980 to $2,039,000.

 

20 Pending Home Sales w/ prices ranging from $ 99,900 to $ 499,000.

 

63 Sold Homes with sold prices ranging from $ 25,000 to $ 330,000

since Sept 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has seen 2/3 of the sales

in the last seven months.  With the current lowest list price at 99,900,

 it looks like the bargain basement days in EGR housing is phasing out.

 

East Grand Rapids March 2009 Absorption Report

East Grand Rapids December 2008 Absorption Report

If you have any questions about the value of your East GR home,

please contact me directly: 

ph 1-888-240-1968 ext 0

email:terry@terrywestbrook.com

 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

East Grand Rapids Michigan Real Estate Market Report ~ June 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 12 months, which means if no new listings come on the

East Grand Rapids market, it will take 12 months for the existing

home inventory to sell.

There are 169 active listings on the East Grand Rapids market now,

up slightly from last month, ranging from $99,980 to $2,039,000.

32 Pending Home Sales

84 Sold Homes with sold prices ranging from $ 25,000 to $ 1,275,000

since Jan 1, 2009 in the East Grand Rapids housing inventory.

 

East Grand Rapids Homes  up to  $200,000

Active Listings – 34

Pending  – 15

Sold – 36  

Avg Sold Price – $ 137,382

 

East Grand Rapids Homes  $200,000 to $300,000     

Active Listings  -  46

Pending – 10

Sold -  23

Avg Sold Price – $  251,570

 

East Grand Rapids Homes $ 300,000 to $500,000

Active Listings -  52

Pending -  4

Sold  – 9

Avg Sold Price – $ 367,611

 

East Grand Rapids Homes  $ 500,001 ++

Active Listings  -  37

Pending – 3

Sold – 3

 

The lower end of this market (under $300K) has seen about 85 %

of the sales in the last six months.  With the current lowest list price

at $ 99,980,   it looks like the bargain basement days in EGR housing

is phasing out.  Almost  half of these sales have been over $ 100

a square foot.  Homes in the higher prices are selling, but much

slower than normal.  

 

East Grand Rapids Best Buy Homes June 2009

East Grand Rapids April 2009 Absorption Report

West Michigan Schools Ranked in Top US 1500

 

If you have any questions about the value of your East GR home,

please contact me directly:

ph 1-888-240-1968 ext 0

email:terry@terrywestbrook.com

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Top Best Buy Homes East Grand Rapids Michigan June 2009

We have gathered a list of the top East Grand Rapids Houses to buy

based on price per square foot. Please note that this list can change daily

as some homes sell, prices are adjusted and other homes come on the

market. Check back often or just subscribe to our blog to get up-to-date

local real estate information that you want to know.

East Grand Rapids homes for sale

The total square footage is noted here, although only the main floors

are used to figure price per square foot.

June 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $73.63 to $99.32

Highest List Price -  $274,950

Lowest List Price -  $132,900

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

 

2735 Richards Dr        $132,900    1400 Sq Ft   $94.93/SqFt

2610 Richards Dr        $ 133,000   1716 Sq Ft   $77.51/SqFt

1635 Breton Rd SE      $139,900    2300 Sq Ft   $73.63/SqFt

1408 Edgewood         $168,500    1874 Sq Ft    $89.91/SqFt

 

1063 Kenesaw Dr       $175,000    2162 SqFt    $99.32/SqFt

244 Morningside Dr     $179,900    1946 Sq Ft   $92.45/SqFt

2150 Anderson Dr      $209,900    3322 Sq Ft   $75.61/SqFt

3000 Lake Dr             $265,000    3346 Sq Ft    $79.19/SqFt

2470 Lake Dr SE        $274,950   3143 Sq Ft    $87.48/SqFt

 

Note: The bargains are fewer & prices appear to be getting more

expensive here in East Grand Rapids this month.   No homes

under $100K are listed this month, compared to one last month.

If you have been waiting for the right time to buy, don’t wait much

longer.  We are starting to see signs of the below appraisal home

 

prices seriously slowing in certain desirable areas, like East Grand

Rapids and Forest Hills.

*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

 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

East Grand Rapids Real Estate Market Report – Jan-April 2009

East Grand Rapids Michigan is doing fairly well in this market cycle.

The statistics are still in the buyers favor but sales continue to

close and inventory is inching downward. All signs of a recovering

market and a return to normal levels, though the 19 months of

inventory says we have a way to go before home inventory returns

East Grand Rapids to previous levels of about 6-9 months.

 

East Grand Rapids Jan to April 2009

Sales Price Graph (Includes Sold Homes Only)

 

EGR housing units sold

Comparison of Units Sold 2008 to 2009 – Includes Sold & Pending Homes

 

EGR Sales Price Graph

 Sold & Pending Homes Sales Price Graph April 2008 to April 2009

Avg. Days on Market 98 

Percent Sold/List 93.80%

Current Inventory 152

Months Inventory 19

Average $ per Sq ft. $107.30 (Total Finished Living Area)

If you have any questions about an East Grand Rapids home,

please contact me at: 1=888-240-1968 x 0

or email me at: terry@terrywestbrook.com

 

Westbrook RealtyGrand Rapids Real Estate

All information is deemed correct but no liability assumed. All data from

GRAR.

Best Buy East Grand Rapids Michigan Homes ~ May 2009

We have gathered a list of the top East Grand Rapids Houses  to buy

based on price per square foot. Please note that this list can change daily

as some homes sell, prices are adjusted and other homes come on the

market. Check back often or just subscribe to our blog to get up-to-date

local real estate information that you want to know.

East Grand Rapids homes for sale

The total square footage is noted here, although only the main floors

are used to figure price per square foot.

May 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $63.55 to $99.57

Highest List Price –  $389,900

Lowest List Price –  $ 89,900

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

2200 Estelle Dr SE       $ 89,900     1274 Sq Ft   $70.57/SqFt

 

 

3009 Lake Dr. SE         $139,900    1996 Sq Ft  $99.57/SqFt

1635 Breton Rd SE      $139,900    2300 Sq Ft   $73.63/SqFt

 

2610 Richards Dr         $ 140,000   1716 Sq Ft   $81.59/SqFt

2946 Cascade Road    $144,900    2280 Sq Ft   $63.55/SqFt

2326 Brighton Dr         $159,000    2100 Sq Ft    $83.68/SqFt

1638 Wealthy St SE      $169,900   2400 Sq Ft    $80.90/SqFt

2150 Anderson Dr SE   $209,900   3322 Sq Ft    $75.61/SqFt

 

 

2470 Lake Dr SE          $279,950   3143 Sq Ft    $89.07/SqFt

3047 Cascade Rd        $159,900    1726 Sq Ft   $92.64/SqFt

244 Morningside Dr     $184,900    1946 Sq Ft   $95.02/SqFt

2131 Robinson Road   $389,900    4300 Sq Ft   $90.67/SqFt

 

Note: The bargains are fewer and prices appear to be getting more

expensive here in East Grand Rapids this month.   One home

under $100K is listed this month, compared to none last month.

If you have been waiting for the right time to buy, don’t wait much

longer.  We are starting to see signs of the below appraisal home

prices seriously slowing in certain desirable areas, like East Grand

Rapids and Forest Hills.

 

*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

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Top Best Home Buys ~ East Grand Rapids Michigan ~ April 2009

We have gathered a list of the top East Grand Rapids Houses to buy

based on price per square foot. Please note that this list can change daily

as some homes sell, prices are adjusted and other homes come on the

market. Check back often or just subscribe to our blog to get up-to-date

local real estate information that you want to know.

East Grand Rapids homes for sale

The total square footage is noted here, although only the main floors are

used to figure price per square foot.

April 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $63.55 to $95.02

Highest List Price -  $389,900

Lowest List Price -  $ 139,900

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

2218 Lake Dr.              $139,900    1900 Sq Ft  $87.88/SqFt

944 Breton Rd SE        $144,900    1646 Sq Ft  $88.03/SqFt

2946 Cascade Road    $144,900    2280 Sq Ft   $63.55/SqFt

1635 Breton Rd SE      $149,900    2300 Sq Ft   $78.89/SqFt

2610 Richards Dr         $ 153,000   1716 Sq Ft   $89.16/SqFt

 

2326 Brighton Dr         $159,000    2100 Sq Ft    $83.68/SqFt

1638 Wealthy St SE      $169,900   2400 Sq Ft    $80.90/SqFt

2101 Lake Dr SE          $179,900   1976 Sq Ft    $91.04/SqFt

2150 Anderson Dr SE   $209,900   3322 Sq Ft    $75.61/SqFt

1080 Idema Dr SE        $239,900   4746 Sq Ft    $71.36/SqFt

 

1341 Cornell Dr SE       $269,900   3820 Sq Ft    $77.78/SqFt

2470 Lake Dr SE          $279,950   3143 Sq Ft    $89.07/SqFt

3047 Cascade Rd        $159,900    1726 Sq Ft   $92.64/SqFt

244 Morningside Dr     $184,900    1946 Sq Ft   $95.02/SqFt

2131 Robinson Road   $389,900    4300 Sq Ft   $90.67/SqFt

 

Note: The bargains appear to be getting more expensive and there

are fewer of them each month here in East Grand Rapids. No homes

under $100K are listed this month.  If you have been waiting for the

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

to see signs of the dropping home prices seriously slowing in certain

desirable areas, like East Grand Rapids and Forest Hills.

 

 

*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

 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

East Grand Rapids Absorption Report ~ March 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

march 2009 Absorption rate for East Grand Rapids MI housing

market is currently at 11.66 months, which means if no new listings

come on the East Grand Rapids market, it will take 11.66 months

for the existing home inventory to sell.

There are 154 active listings on the East Grand Rapids market now,

ranging from $109,899 to $2,039,000.

18 Pending Home Sales w/ prices ranging from $ 99,900 to $ 2,495,000.

75 Sold Homes with sold prices ranging from $ 25,000 to $ 912,500

since Sept 1, 2008 in the East Grand Rapids housing inventory.

 

The lower end of this market (under $300K) has seen 2/3 of the sales

in the last seven months.  Since this market has such a wide range of

home prices, it is difficult to analyze.  The higher priced listings are

selling, as well as the bargains below $100,000.  The lowest priced

listing is now over $ 100,000 which we haven’t seen for over 6 months

here in the East Grand Rapids housing market.

 

East Grand Rapids December 2008 Absorption Report

 

If you have any questions about the value of your East GR home,

please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Top Home Buys East Grand Rapids Michigan ~ March 2009

We have gathered a list of the top East Grand Rapids Houses to buy

based on price per square foot. Please note that this list can change daily

as some homes sell, prices are adjusted and other homes come on the

market. Check back often or just subscribe to our blog to get up-to-date

local real estate information that you want to know.

East Grand Rapids homes for sale

The total square footage is noted here, although only the main floors are

used to figure price per square foot.

 

March 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $63.55 to $96.65

Highest List Price -  $389,900

Lowest List Price -  $ 99,900

 

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

2701 Albert Dr             $ 99,900     1571 Sq Ft   $93.28/SqFt

706 Rosewood Ave     $ 124,900    1676 Sq Ft  $74.52/SqFt

1151 Idema Dr            $129,900    1344 Sq Ft   $96.65/SqFt

1549 Rosalind Rd        $134,900    2094 Sq Ft  $74.70/SqFt

 

2218 Lake Dr.              $139,900    1900 Sq Ft  $87.88/SqFt

2946 Cascade Road     $144,900    2280 Sq Ft   $63.55/SqFt

2610 Richards Dr         $ 156,000   1716 Sq Ft   $90.91/SqFt

1635 Breton Road       $160,000    2300 Sq Ft    $84.21/SqFt

 

1638 Wealthy St SE      $169,900   2400 Sq Ft    $80.90/SqFt

2101 Lake Dr SE          $182,500   1976 Sq Ft    $92.36/SqFt

2150 Anderson Dr SE   $209,900   3322 Sq Ft    $75.61/SqFt

1341 Cornell Dr SE       $269,900   3820 Sq Ft    $77.78/SqFt

 

2470 Lake Dr SE          $279,950   3143 Sq Ft    $89.07/SqFt

3047 Cascade Rd        $159,900    1726 Sq Ft   $92.64/SqFt

244 Morningside Dr     $187,900    1946 Sq Ft   $96.56/SqFt

2131 Robinson Road   $389,900    4300 Sq Ft   $90.67/SqFt

 

*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 a list of top best buys in your area, please contact us

1-888-240-1968 x 0 or email us through our web site:

Grand Rapids Ada MI Real Estate ~ Five Star Real Estate

Copyright 2009 All rights reserved

Top Home Buys ~ East Grand Rapids MI ~ Feb 2009

We have gathered a list of the top East Grand RapidsHouses to buy

based on price per square foot. Please notethat this list can change daily

as some homes sell, prices areadjusted and other homes come on the

market.Check back often or just subscribe to our blog to get up-to-date

local real estate information that you want to know.

East Grand Rapids homes for sale

The total square footage is noted here, although only the main floors are

 used to figure price per square foot. 

February 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $54.31 to $96.65

Highest List Price –  $399,900

Lowest List Price – $ 47,900 

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

706 Rosewood Ave     $ 132,900    1676 Sq Ft  $79.30/SqFt

1549 Rosalind Rd        $139,900    2094 Sq Ft  $77.46/SqFt

2218 Lake Dr.              $139,900    1900 Sq Ft  $87.88/SqFt

1448 Eastlawn Rd       $ 47,900       882 Sq Ft   $54.31/SqFt 

 

2701 Albert Dr             $ 99,900     1571 Sq Ft   $93.28/SqFt

1151 Idema Dr            $129,900    1344 Sq Ft   $96.65/SqFT

2610 Richards Dr         $ 163,900   1716 Sq Ft   $95.51/SqFt

1635 Breton Road       $160,000    2300 Sq Ft    $84.21/SqFt 

 

1408 Edgewood Ave    $175,000   1874 Sq Ft    $93.38/SqFt

1406 Laurel Ave SE      $169,900   2000 Sq Ft    $84.95/SqFt

1638 Wealthy St SE      $169,900   2400 Sq Ft    $80.90/SqFt

2946 Cascade Road     $159,900    2280 Sq Ft   $70.13/SqFt

 

 2101 Lake Dr SE          $187,500   1976 Sq Ft    $94.89/SqFt

2150 Anderson Dr SE   $219,000   3322 Sq Ft    $78.89/SqFt

1341 Cornell Dr SE       $269,900   3820 Sq Ft    $77.78/SqFt

2470 Lake Dr SE          $279,950   3143 Sq Ft    $89.07/SqFt 

 

244 Morningside Dr     $187,900    1946 Sq Ft   $96.56/SqFt

2131 Robinson Road   $399,900    4300 Sq Ft   $93.00/SqFt

 

 *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 a list of top best buys in your area, please contact us through

our web site:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Copyright 2009 All rights reserved