Caledonia Michigan Real Estate Market Report August 2009

Caledonia Michigan Real Estate Market Report August 2009

Absorption rate for Caledonia MI Market is  currently 6.6 months,

which means if no other homes come on the market, it will take

6.6 months for the current inventory to sell at the current

sales rate.  This stat is less than last month’s figure, we are seeing

a definite upturn in sales in Caledonia homes and sell times are

returning to the normal range.

Ruehs Park Caledonia Michigan

Current active listings – 158

Low $39,000   High $1,284,900

Average List Price  – $304,490

Average sold price  – $216,058

Pending Home Sales – 24

Sold Homes – 71

Average sold price/Square foot is $ 108.68

Sold High $875,000   Sold Low – $37,000

These stats are from May 1, 2009

There are 5 homes in million dollar + range listed, so this skews the

figures somewhat in the upper brackets.


The Caledonia market is selling well as buyers try to get

situated in their new homes before school starts. Newer and higher

end homes are selling, only 2 homes pending under $100,000.  The majority

of pending sales are $100,000 to $200,000 price range.

Average sold price and  sold price/square foot rose again this month,

though average listed price fell by about $20K.

There are some excellent buys in Caledonia but they are

disappearing fast.  Don’t wait until they are gone.

Additional Caledonia Michigan Articles:

Caledonia Michigan Video Tour

Caledonia MI Real Estate

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Copyright  2009 All rights Reserved

Photo of Ruehs Park Caledonia Michigan 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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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