Kentwood Michigan Real Estate Market Report Jan-Mar 2013

Posted on April 24, 2013 by Terry & Bonnie

Kentwood Michigan is a large suburban city southeast of Grand

Rapids, 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.

2013 1st Quarter Real Estate Market Activity

Kentwood Current Listings = 78

Pending Sales – 67

Sold Homes = 184

Average Sold Price = $ 121,207

The homes for sale inventory in Kentwood is at very low levels.

With spring comes peak demand and there is a little over 2 months of house

inventory listed for sale. This has driven the average sold price up about

10% from the end of 2012 statistics.

The sold price range of homes is from $ 29,000 to $ 390,000 in this

Grand Rapids suburban community, with the majority being

in the mid-to-lower price ranges.

With not many homes for competition, this is a perfect time to consider

putting your Kentwood home on the market. Give Terry a call today,

he can discuss pricing, staging, and sales strategies to get the most

for your property.

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More Kentwood Michigan Articles:

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

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

any Kentwood home, please contact Terry.

____________________________________________________________________________

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report Jan – March 2012

Posted on April 10, 2012 by Terry & Bonnie

Kentwood Michigan Real Estate Market Jan-Mar 2012

Kentwood Michigan is a large suburb south east of Grand Rapids,

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.

2012 First Quarter Real Estate Market Activity

Kentwood Current Listings = 240

Average Sale price – $103,891

Average Time on Market = 74-92 days

Average Sold Price/Sq Ft = $ 72.89

Absorption Rate = 3 months

The average home is selling in Kentwood for just over $100,000,

though there were 9 sales over $140,000, the majority are in

the $90-120K range. The time on the market and the Absorption

rate are both close to 3 months. With an average of 80 homes

a month selling for the first quarter, real estate is moving in Kentwood.

SEARCH for Kentwood Michigan Homes

More Kentwood Michigan Articles:

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

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

any Kentwood home, please contact Terry.

____________________________________________________________________________

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report Jan -June 2011

Posted on July 6, 2011 by Terry & Bonnie

Kentwood Michigan Real Estate Market Report Jan-June 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.

Kentwood home sales have recouped some of their value this year

though sales volume is down. We are still seeing some home price

reduction on homes in poor/dated condition. Good news for sellers,

Kentwood has decreased absorption rates as fewer homes are entering

the market, 60% less homes sold in 2010 than in 2009.

2011 Mid Year Kentwood STATS:

368 Active Listings for sale

124 Pending Home Sales

223 Sold Homes

$96,571 Average Sold Price

96.83% of List Price

Absorption Rate: 6.3 months

Home prices are still depressed in many areas of Kentwood

compared to a few years ago. The Absorption rate is a bit lower than

last year, which is a good sign.

Foreclosures and short sales are still affecting the average market price

in Kentwood. Home prices will be affected by the way banks handle their

home inventory that is still being held. If they take a measured approach

to putting these homes on the market, prices will not be affected as much

as if they dump the large home inventory they still hold on the market as

soon as possible.

More Kentwood Michigan Articles:

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

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

a specific Kentwood home, please contact me.

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report April – June 2010

Posted on July 22, 2010 by Terry & Bonnie

Kentwood Michigan Real Estate Market Report April- June 2010

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.

Kentwood high school kentwood mi

Foreclosures and short sales are still affecting the average

market price here as Grand Rapids has seen high unemployment.

The homes under $150K in Kentwood are about 90% of the

overall sales. The homes over $150K are selling but at a slower rate.

In 2007, Kentwood had 434 homes sales: average sold price:$151,009

In 2008, Kentwood had 722 home sales:average sold price: $115,127

In 2009, Kentwood has had 448 home sales: average sold price:$ 100,561

Home sales for Kentwood – Up to $150,000:

Active Listings 114

Average list price $111,707

Pending Sales 18

Sold 323

Average Sold Price $95,550

Kentwood Absorption Rate for this price range is 1 month,

at the current rate of sale (which means if no new listings come

on the market, it will take 1 month to sell the active listed

homes). This is a phenomenal rate for the Grand Rapids area and

shows that Kentwood is a popular and affordable city to live in.

This figure has probably been affected by the Homeowner Tax

Credit that expired on April 30, 2010. I wouldn’t expect this rate

to hold up for the 3rd quarter of 2010.

Home sales for Kentwood – $150,001 & UP:

Active Listings 40

Average list price $ 190,426

Pending Sales 6

Sold Listings 15

Average sold price $177,286

Kentwood Absorption Rate for this price range is 5.7 months,

at the current rate of sale, which means if no new listings come

on the market, it will take 5.7 months to sell the active listed

homes.

Kentwood Michigan Real Estate Information

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

a specific Kentwood home, please contact me.

Photo of Kentwood High School 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. 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report Jan- March 2010

Posted on April 12, 2010 by Terry & Bonnie

Kentwood Michigan Real Estate Market Report Jan-Mar 2010

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.

Kentwood high school kentwood mi

Kentwood home sales are still on a general downward trend

in price. Over 1/3 of Kentwood Homes Equity has dissolved in

the last 3 years, according to the current stats.

We are still seeing some price reduction even though activity is high.

On the good news for sellers, Kentwood has one of the lowest

absorption rates in the area.

Foreclosures and short sales are still affecting the average

market price here as Grand Rapids has seen jobs disappear.

The homes under $150K in Kentwood are about 80% of the

overall sales. The homes over $150K are selling but at a slower rate.

In 2007, Kentwood had 434 homes sales: avg sold price:$151,009

In 2008, Kentwood had 722 home sales:avg sold price: $115,127

In 2009, Kentwood has had 448 home sales: avg sold price:$ 100,561

Home sales for Kentwood – Up to $150,000:

126 Active Listings w/ Average list price $ 120,801

51 sold Average sold price $106,969

Kentwood Absorption Rate for this price range is 3.8 months,

at the current rate of sale (which means if no new listings come

on the market, it will take 3.8 months to sell the active listed

homes). This is a great rate for the Grand Rapids area and shows

that Kentwood is a popular and affordable city to live in.

Home sales for Kentwood – $150,001 & UP:

58 Active Listings w/ average list price of $ 192,430

8 sold Average sold price $150K+ = $208,103

Kentwood Absorption Rate for this price range is 13.39 months,

at the current rate of sale which means if no new listings come

on the market, it will take 13.39 months to sell the active listed

homes.

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: kentwood mi real estate values

Kentwood Michigan Real Estate Market Report Jan-Mar 2013

SEARCH for Kentwood Michigan Homes

Kentwood Michigan Real Estate Market Report Jan – March 2012

SEARCH for Kentwood Michigan Homes

Kentwood Michigan Real Estate Market Report Jan -June 2011

Kentwood Michigan Real Estate Market Report Jan-June 2011

Kentwood Michigan Real Estate Market Report April – June 2010

Kentwood Michigan Real Estate Market Report April- June 2010

Home sales for Kentwood – Up to $150,000:

Home sales for Kentwood – $150,001 & UP:

Kentwood Michigan Real Estate Market Report Jan- March 2010