Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan–Dec 2011

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan–Dec 2011

Quick Snapshot of Crystal Springs Real Estate Activity

Jan 1 through Dec 31, 2011

SMDeck thumb Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011

9 Active Listings  Ranging from $ 167,000 to $ 449,000

1 Pending Sales

13 Sold Properties

Average sold price = $ 235,415

 

Absorption Rate for Crystal Springs = 8.33 months

Home inventory is still high for this area.  Homes are selling

but they must be in great condition if you expect buyers to

pay top dollar.

 

StoneWater Country Club is now part of Watermark properties,

so if you belong to StoneWater, you may also play Watermark

Country Club and Sunnybrook Country Club….a great trio of local

courses to challenge your game.

 

SEARCH FOR Kentwood Homes

Search Foreclosed & Short Sale Kentwood Homes

StoneWater Country Club

Michigan Golf Photos

Kentwood  Michigan Real Estate Articles

____________________________________________

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 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011 ar125812218972939 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011 ar125812225271331 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Neighborhood Real Estate Report Crystal Springs Sept 2011

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Sept 2011

 Quick Snapshot of Crystal Springs Real Estate Activity

                July 1 through Sept 30, 2011

 Stonewater Golf Course water feature

20 Active Listings

Ranging from $ 179,900 to $ 469,000

5 Pending Sales

5 Sold Properties

Average sale price = $ 255,400

 

Home inventory is moving slowly here but 10 homes have sold in

the past 3 months.  Buyers are looking for their next home to be

in great condition and priced correctly for today’s market.

 

StoneWater Country Club is now part of Watermark properties,

so if you belong to StoneWater CC, you may also play Watermark

Country Club and Sunnybrook Country Club….a great trio of local

courses to challenge your game.

 

SEARCH FOR Kentwood Homes

Search Foreclosed & Short Sale Kentwood Homes

StoneWater Country Club

Michigan Golf Photos

Kentwood  Michigan Real Estate Articles

____________________________________________

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 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011 ar125812218972939 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011 ar125812225271331 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan June 2011

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report Sept 2011

Kentwood Michigan Real Estate Market Report Sept 2011

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

kentwoodlibrarybldg thumb Kentwood Michigan Real Estate Market Report Jan  June 2011

Kentwood home sales have recouped some of their value this year.

We are still seeing some home price reduction on homes in poor/dated

condition.  Good news for buyers, Kentwood has affordable housing at the

lowest interest rates in recent history.  The Absorption Rate is 4 months

which puts Kentwood in the high normal for the Grand Rapids area home sales.

 

July 1 to Sept 30, 2011 Kentwood STATS:

338 Active Listings for sale

72 Pending Home Sales

182 Sold Homes

$105,479 Average Sold Price

95.86% of List Price

Absorption Rate: 4 months

 

 

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

 

More Kentwood Michigan Articles:

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Copyright 2011 All rights reserved

Photo of Kentwood Public Library by Bonnie Westbrook

____________________________________________________________________________

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 Kentwood Michigan Real Estate Market Report Jan  June 2011 ar125812218972939 Kentwood Michigan Real Estate Market Report Jan  June 2011 ar125812225271331 Kentwood Michigan Real Estate Market Report Jan  June 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Top Best Buy Homes Sept 2011

Kentwood Michigan Top Best Buy Homes Sept 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $85-$90/ per square foot.   Price per square foot is a

great leveler, if two similar homes are listed at similar prices, their

price per square foot and amenities should be similar.

The price should reflect the interior finish of the  home. For example,

if the home has newer flooring, new mechanicals & a decent kitchen,

this would be more per square foot than a home that still has pre-1970’s

fixtures, decor and/or is in poor condition.

Kentwood Jaycee Park Kentwood MI

 

Top Kentwood MI Homes to Buy $85-$90 per Square Foot:

187 68th St Se            $69,750      816 Sq Ft    

5059 Pillar Creek        $75,860      848 Sq Ft  

5261 Blaine SE            $99,900      1150 Sq Ft   

487 Brownell Dr          $105,000    1176 Sq Ft  

6912 Madison Ave      $109,900    1224 Sq Ft  

3276 Tallman Ave       $109,900     1232 Sq Ft  

 

4857 Marshall Ave       $117,900    1360 Sq Ft  

4622 Blaine SE              $117,900    1372 Sq Ft  

934 Sluyter                    $119,900     1400 Sq Ft

5600 E DeBlaay Ct        $123,900     1430 Sq Ft

5069 Alyssum Dr          $131,900    1487 Sq Ft  

5940 Wind Brook Ct      $139,900    1575 Sq Ft  

4606 Brookmeadow Ct   $149,900    1689 Sq Ft  

1546 Maple Hollow St     $150,000    1736 Sq Ft  

2054 Willmont Dr             $155,000     1804 Sq Ft

5616 E Grove Dr              $154,900     1812 Sq Ft  

1939 Hollow Creek Dr    $157,000    1795 Sq Ft  

2161 Stowevalley Dr    $174,900     2056 Sq Ft   

 

1931 Hollow Creek Dr   $179,900     2000 Sq Ft

2027  Glen Canyon Dr    $204,900     2375 Sq Ft   

 

40 Pending homes, 50 Sold Homes in Kentwood last month.

Average sold price = $ 123,808

Average original price = $138,055

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales.  Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing.  Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider.  Foreclosures are “somewhat” easier

to purchase but many are sold as-is; so, funds for home repairs

and improvements are crucial to making this transaction viable

for buyers.

 

 

SEARCH FOR KENTWOOD HOMES

SEARCH KENTWOOD MI Short Sale & Foreclosure Homes

More Kentwood Michigan Real Estate Articles

Home Buying Questions & Answers

If you would like to view a Kentwood Home, please call

1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

All information is subject to verification & no liability for omission

or error is assumed.

_____________________________________________________________________________________________________

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 Kentwood Michigan Top Best Buy Homes July 2011 ar125812218972939 Kentwood Michigan Top Best Buy Homes July 2011 ar125812225271331 Kentwood Michigan Top Best Buy Homes July 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan-June 2011

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan – June 2011

Quick Snapshot of Crystal Springs Real Estate Activity

Jan 1 through June 30, 2011

SMDeck thumb Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs – May 2011

30 Active Listings

Ranging from $ 159,000 to $ 469,000

4 Pending Sales

6868 Cornerstone Dr

6929 Shady Knoll Dr

7046 Shady Knoll Dr

6900 Crystalline Ct

15 Sold Properties

Average sale price = $ 172,240

Sale price to List Price = 97%

Absorption Rate for Crystal Springs = 9.5 months

Home inventory is still high for this area.  Homes are selling

but they must be in great condition if you expect buyers to

pay top dollar.

StoneWater Country Club is now part of Watermark properties,

so if you belong to StoneWater, you may also play Watermark

Country Club and Sunnybrook Country Club….a great trio of local

courses to challenge your game.

 

SEARCH FOR Kentwood Homes

Search Foreclosed & Short Sale Kentwood Homes

StoneWater Country Club

Michigan Golf Photos

Kentwood  Michigan Real Estate Articles

____________________________________________

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 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs – May 2011 ar125812218972939 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs – May 2011 ar125812225271331 Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs – May 2011

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Top Best Buy Homes June 2011

Kentwood Michigan Top Best Buy Homes June 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $85-$90/ per square foot.   Price per square foot is a

great leveler, if two similar homes are listed at similar prices, their

price per square foot and amenities should be similar.

The price should reflect the interior finish of the  home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

new kentwood library bldg

June 2011   TOP BEST BUYS in  Kentwood Michigan Homes

Top Kentwood MI Homes to Buy by Price per Square Foot:

 

6976 Eastern Ave      $79,900      936 Sq Ft     $85.36/SqFt

2780 60th St               $96,000     1080 Sq Ft    $88.89/SqFt

259 68th St                 $99,900      1172 Sq Ft   $85.24/SqFt

5261 Blaine Ave        $99,900     1150 Sq Ft   $86.87/SqFt

1718 Langley St        $117,500     1365 Sq Ft   $86.08/SqFt

4857 Marshall Ave    $119,900     1380 Sq Ft   $86.69/SqFt

4659 Summer Crk Ln  $119,900    1392 Sq Ft   $86.14/SqFt

3435 Meadow Lake Ct $124,900    1392 Sq Ft   $89.73/SqFt

5733 E Grove Dr            $126,900    1457 SqFt   $87.10/SqFt

5058 Alyssum              $127,900    1500 Sq Ft   $85.27/SqFt

5762 Sugarberry         $129,900    1460 Sq Ft   $88.97/SqFt

4516 Northbury           $129,900    1500 Sq Ft   $86.60/SqFt

25882 Blooming Bud Ln $137,655    1554 Sq Ft   $88.59/SqFt

3662 W Grove Dr           $147,000     1386 Sq Ft   $89.74/SqFt

5584 E Grove Dr            $ 147,900    1736 Sq Ft    $85.20/SqFt

3558 Raintree Ct         $149,900     1692 Sq Ft   $88.59/SqFt

5616 E Grove Dr           $154,900     1812 Sq Ft   $85.49/SqFt

1939 Hollow Creek Dr  $159,000    1795 Sq Ft   $88.58/SqFt

3428 Meadow Lake Ct  $164,900    1897 Sq Ft  $86.93/SqFt

2441 Whispering Mdw  $174,900     1978 Sq Ft    $88.42/SqFt

5727 W Grove Dr           $179,900     2080 Sq Ft    $86.49/SqFt

1931 Hollow Creek Dr   $179,900     2000 Sq Ft    $89.95/SqFt

2161 Stowe Valley         $179,900    2056 Sq Ft    $87.50/SqFt

7397 Misty View Ct        $184,900    2072 Sq Ft    $89.24/SqFt

3507 Long Grove Dr       $189,000     2108 Sq Ft    $89.66/SqFt

3445 N Meadow Grove   $229,900    2602 SqFt     $88.36/SqFt

3505 Birch Knoll              $249,900     2796 SqFt     $87.50/SqFt

51 Pending Sale homes last month

34 Sold Homes in Kentwood last month

Average sold price = $ 103,998

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales.  Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing.  Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider.  Foreclosures are “somewhat” easier

to purchase but many are sold as-is, so funds for home repairs and

improvements are crucial.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you.  Interest rates are still at record

lows and inventory is very affordable in Kentwood.

 

SEARCH FOR KENTWOOD HOMES

SEARCH KENTWOOD MI Short Sale & Foreclosure Homes

More Kentwood Michigan Real Estate Articles

Home Buying Questions & Answers

If you would like to view a Kentwood Home, please call

1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

All information is subject to verification & no liability for omission

or error is assumed.

_____________________________________________________________________________________________________

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 Kentwood Michigan Top Best Buy Homes May 2011 ar125812218972939 Kentwood Michigan Top Best Buy Homes May 2011 ar125812225271331 Kentwood Michigan Top Best Buy Homes May 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM