Lowell Michigan Real Estate Market Report Sept 2011

Lowell Michigan Real Estate Market Report  Sept 2011

Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.

It has really grown in the last 20 years, in many ways. Lowell has a great

school system, a  thriving business community, a lively arts society, and

is one of the growing Grand Rapids suburban communities in Kent County.

Fallasburg_Covered_ Bridge_Lowell_MI

LOWELL MI July 1 to Sept 30, 2011 RE STATS:

Active Listings: 150

Average Sold Price: $163,405

PENDING Sales: 26 homes

SOLD Homes: 45 Sold Homes

Average Sold Price to List Price:  93.41%

Absorption Rate for Lowell Listings is 6.3 months for the

current housing inventory. If no other homes enter the market, it

will take 6.3 months for the current homes to sell at the current

rate of sales. This figure is in the normal range and hasn’t changed

all year.

Lowell Homes are selling for a little more than the first half of

2011, on average.  Although, the average sale price to list

price has fallen, as we are seeing throughout the Greater

Grand Rapids area.  With record low interest rates, now couldn’t

be a better time to purchase a home.

 

 

SEARCH LOWELL MICHIGAN HOMES

Search Lowell MI Bank Owned –Short Sale Homes

Additional Lowell Articles:

Lowell Michigan Real Estate Market Reports

Video Tour of Lowell Michigan

Lowell Michigan Events

If you would like additional information about Lowell Area Homes,

please contact me through phone, email or my web site.

Copyright 2011     All rights reserved

_____________________________________________________________________________

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

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Lowell Michigan Real Estate Market Report Jan- June 2011

Lowell Michigan Real Estate Market Report  Jan-June 2011

Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.

It has really grown in the last 20 years, in many ways. Lowell has a great

school system, a  thriving business community, a lively arts society, and

is one of the growing Grand Rapids suburban communities in Kent County.

 

Lowell MI Showboat Summer Concert

LOWELL MI MID-YEAR STATS:

Active Listings: 136

Average Sold Price: $132,408

PENDING Sales: 45 homes

SOLD Homes: 83 Sold Homes

Average Sold Price: $ 152,548

Average Sold Price to List Price:  96.32%

Absorption Rate for Lowell Listings is 6.3 months for the

current housing inventory. If no other homes enter the market, it

will take 6.3 months for the current homes to sell at the current

rate of sales. This figure is up from 2010 rates.

Lowell Homes are selling for less this year, or the lower

priced homes are selling, either way the average sold

price took a steep plunge from over $200, 000 for 2010. Although,

the average sale price to list price for sold homes has increased slightly.

 

Additional Lowell Articles:

SEARCH LOWELL MICHIGAN HOMES

Search Lowell MI Bank Owned –Short Sale Homes

Lowell Michigan Real Estate Market Reports

Video Tour of Lowell Michigan

Lowell Michigan Events

If you would like additional information about Lowell

Area Homes, please contact me through email or my web site.

Copyright 2011     All rights reserved

_____________________________________________________________________________

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 Lowell Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 Lowell Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 Lowell Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Lowell Michigan Top Best Buy Homes April 2011

Lowell Michigan Top Best Buy Homes April 2011

A list of the TOP Best Lowell  Michigan Houses to buy,

based on price 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 should be similar.

The price should reflect the interior finish of the  home.

For example, if it has updated decor, new flooring, & an

updated kitchen and baths, this would be more per square

foot than a home that still has the 1980’s decor and/or is in

poor condition.

Please note that this list can change daily as some homes

sell, prices are adjusted and other homes come on the market.

Damopenspringflooding thumb Lowell Michigan Top Best Buy Homes March 2011

The total square footage is noted here, although only the

main floors are used to figure price per square foot.

April 2011  TOP BEST BUY Lowell Homes

 

The Top Lowell Homes to Buy by Price per Square Foot:

218 N Center St          $48,400       855 Sq Ft      $56.61/SqFt

13901 Oberley Dr       $70,000       1288 Sq Ft   $51.22/SqFt

1376 Grand River Dr   $75,000       896 Sq Ft     $83.71/SqFt

10776 Deerwood Dr   $89,900      1224 Sq Ft    $73.45/SqFt

225 Donna Dr SE         $89,900      1232 Sq Ft    $72.97/SqFt

10925 Sconcewood    $89,900      1224 Sq Ft    $73.45/SqFt

622 N Washington      $94,000      1168 Sq Ft    $80.48/SqFt

10846 Sconcewood    $99,800    1360 Sq Ft     $73.38/SqFt

10820 Sconcewood    $99,900      1224 Sq Ft    $81.62/SqFt

1679 Stonewood         $107,900    1172 Sq Ft    $92.06/SqFt

9795 36th St                $109,900     1480 Sq Ft    $74.26/SqFt

503 N Washington       $114,900     1517 Sq Ft    $75.74/SqFt

10933 Woodbushe Dr  $116,000      1256 Sq Ft    $92.36/SqFt

925 Beech St                 $119,900     1384 Sq Ft     $86.63/SqFt

1845 Woodpine Ct        $119,900     1290 Sq Ft     $92.95/SqFt

11712 Grand River       $124,900     1440 Sq Ft    $86.74/SqFt

10960 Deerwood Dr      $124,900    1498 Sq Ft    $83.38/SqFt

12502 52nd St                $127,873     1458 Sq Ft   $87.70/SqFt

1250 Highland Hill        $145,000     1508 Sq Ft    $96.15/SqFt

13198 Grand River        $149,900    2040 Sq Ft    $73.48/SqFt

1638 Wales                   $150,000     2047 Sq Ft   $73.28/SqFt

203 N Hudson St          $169,900      2568 Sq Ft   $66.16/SqFt

13217 52nd St              $179,900       2755 Sq Ft    $65.30/SqFt

900 Beech St                $179,900     1936 SqFt     $92.92/SqFt

10 Sold Homes, 10 Pending Sales in Lowell in the last month

$85,040 Average sold price

70% of sales under $ 100,000 last month

Sold homes got 96.25% of list price to sale price

The best priced homes are selling in Lowell this month but most

activity is in the lower price brackets. “Price” seems to be the

motivator although condition can make the difference between

competing homes.

.

SEARCH LOWELL HOMES

 

Additional Lowell Michigan Articles:

Lowell Michigan Real Estate Blogs

Lowell Michigan Photo Tour

Home Buyer Questions & Answers

*Some of these homes may be bank owned foreclosures or

short sales and not habitable as is or available for a mortgage

in present condition.*

If you have questions about any of these homes, please

contact Terry: 1-616-292-7263

Or email : 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 Lowell Michigan Top Best Buy Homes March 2011 ar125812218972939 Lowell Michigan Top Best Buy Homes March 2011 ar125812225271331 Lowell Michigan Top Best Buy Homes March 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Lowell Michigan Top Best Homes Jan 2011

Lowell Michigan Top Best Buy Homes Jan 2010

A list of the TOP Best Lowell  Michigan Houses to buy,

based on price 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 should be similar.

The price should reflect the interior finish of the  home.

For example, if it has updated decor, new flooring, & an

updated kitchen and baths, this would be more per square

foot than a home that still has the 1980’s decor and/or is in

poor condition.

Please note that this list can change daily as some homes

sell, prices are adjusted and other homes come on the market.

Lowell MI  Showboat

The total square footage is noted here, although only the

main floors are used to figure price per square foot.

January  2011  30 TOP BEST BUY Lowell Homes

The Top Lowell Homes to Buy by Price per Square Foot:

3230 Emery St            $ 55,000       1440 Sq Ft   $38.19/SqFt

825 Hunt St               $ 59,900        825 SqFt     $55.46/SqFt

730 E Main St             $ 59,900      1446 Sq Ft   $41.42/SqFt

803 N Washington St   $ 69,000      928 Sq Ft     $74.35/Sq Ft

810 Grindle Dr             $79,900       1300 Sq Ft    $61.46/Sq Ft

 

13901 Oberley Dr        $ 79,900        1288 Sq Ft   $62.03/SqFt

1456 Baywicke Dr       $ 82,500        1056 Sq FT  $78.13/SqFt

251 Valley Vista Dr      $ 83,600       1124 Sq Ft    $74.38/Sq Ft

1297 Jane Ellen Dr       $ 85,000       917 Sq Ft     $96.92/SqFt

721 N Washington St    $ 86,000      1716 Sq Ft    $50.12/Sq Ft

 

325 Alden Nash           $ 92,500      3972 Sq Ft    $91.40/SqFt

410 Hunt St                $94,900      1360 Sq Ft    $69.78/SqFt

10880 Woodbushe Dr    $95,900      1056 Sq Ft    $90.81/Sq Ft

10925 Sconcewood      $99,900      1224 Sq Ft    $81.62/SqFt

311 High St                $99,900      2249 Sq Ft    $44.42/SqFt

 

10820 Sconcewood      $109,900      1224 Sq Ft   $89.79/SqFt

10846 Sconcewood      $110,000      1360 Sq Ft   $80.88/SqFt

10933 Woodbushe Dr   $116,000      1256 Sq Ft    $92.36/SqFt

829 N Monroe St         $117,000       1564 Sq Ft   $74.81/Sq Ft

725 Lafayette St        $117,500       1456 Sq Ft    $80.70/SqFt

 

925 Beech Ave            $119,900    1384 Sq Ft    $86.63/SqFt

10960 Deerwood Dr      $124,900    1498 Sq Ft    $83.38/Sq Ft

811 Shepard Dr           $125,100    2394 Sq Ft     $52.26/Sq Ft

10989 Woodbushe Dr   $125,900    1596 Sq Ft    $78.88/Sq Ft

1250 Highland Hill        $145,900    1508 Sq Ft    $96.75/SqFt

 

1638 Wales               $160,000     2047 Sq Ft   $78.16/SqFt

3033 Court Dr SE        $169,900     1816 Sq Ft   $93.56/SqFt

203 N Hudson St         $169,900    2568 SQ Ft   $66.16/Sq Ft

2309 Gee St              $174,900     1900 Sq Ft    $92.05/SqFt

13217 52nd St           $218,900     2755 Sq Ft    $79.46/SqFt

*****Underlined homes have seen recent price reductions.

There are still bargain priced homes for sale in Lowell,

15 homes priced under $100K.  In Lowell prices are still low

and sellers have been lowering prices to attract buyers.

Mortgage rates are still low, but headed up, along with

steeper loan requirements in the next 90 days.

 

Additional Lowell Michigan Articles:

Lowell Michigan Real Estate Blogs

Lowell Michigan Photo Tour

Home Buyer Questions & Answers

*Some of these homes may be bank owned foreclosures or

short sales and not habitable as is or available for a mortgage

in present condition.*

If you have questions about any of these homes, please

contact Terry: 1-616-292-7263

Or email : 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!

ar125812212017642 Lowell Michigan Top Best Buy Homes Nov 2010 ar125812218972939 Lowell Michigan Top Best Buy Homes Nov 2010 ar125812225271331 Lowell Michigan Top Best Buy Homes Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM