Lowell Michigan Real Estate Market Report Jan – Mar 2012

Lowell Michigan Real Estate Market Report  Jan – Mar 2012

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.

Englehart Library

LOWELL MI Jan to March, 2012 Real Estate STATS:

Active Listings: 122

Average Sold Price: $137,737

PENDING Sales: 22 homes

SOLD Homes: 55 Sold Homes

Average Sold Price to List Price:  94.5%

Absorption Rate for Lowell Listings is 4.7 months for the

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

will take 4.7 months for the current homes to sell at the current

rate of sales. This figure is in the normal range and has dropped

2 months from last year.

Lowell Homes are selling for about 10% less than 2011.

Although, the average sale price to list price has risen slightly,

we still aren’t seeing a dramatic price increase.  The lower

active listing count will affect this eventually.

 

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 2012     All rights reserved

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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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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