Kentwood MI Absorption Report ~ Jan 2009

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.

The downward trend of the last few years in Kentwood home sales

is still continuing this year. We are seeing a slight price erosion from

last month’s figures.

The upper end homes in Kentwood aren’t seeing the kind of activity

that the lower end homes are getting. They are priced too high for

today’s timid buyers or it could be condition. Your list price has to

be close to the sale price or your home just doesn’t get serious

buyer activity. And if you still have the brown shag carpeting, you

will need to upgrade or lower your price.

In 2006, Kentwood has 495 home sales:avg sold price:$159,788.

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

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

Home sales for Kentwood – $70,000 to $150,000 price range:

95 sold since September 2008.

Kentwood Absorption Rate for this price range is 7.68 months,

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

on the market, it will take 7.68 months to sell the listed homes).

146 Active Kentwood Listings $70K- $150K

Average Kentwood sold price: $112,522

Average Kentwood Sold Price per Sq Ft: $84.57

Average Kentwood List Price: $ 123,717

Average Kentwood List Price/SqFt: $ 98.58

Kentwood Home Sales – $150,000 to $400,000 Price Range

27 Sold Homes since September 1, 2008

Kentwood Absorption Rate for this price range is 17 months.

Average Kentwood Sold Price is $179,048

Average Kentwood Sold Price per Sq Ft is $89.38

Average Kentwood List Price: $ 187,977

Average Kentwood List Price/SqFt: $ 107.37

If you would like additional information about Kentwood or

Grand Rapids Homes, please contact me directly. These free

reports can be emailed to your inbox, contact me.

photo of Kentwood High School Football Stadium by Bonnie Westbrook

Grand Rapids Real Estate