East Grand Rapids MI Real Estate Market Report Sept 2010
East Grand Rapids Yacht Club
Active listings – 111
High Price – $ 3,500,00
Low Price – $ 132,600
Pending Home Sales – 16
High Price – $ 999,900
Low Price – $ 99,900
Sold Homes – 41
High Price – $ 699,000
Low Price – $ 112,000
Absorption rate for East Grand Rapids MI housing market is
just under 6 months, if no new listings come on the East Grand
Rapids market, it will take 6 months for the existing home inventory
to sell.
The middle of this market (over $200K-400K) is the busy end
of the sales in the third quarter, with 19 of the 41 sales tallied.
With the current lowest list price at $ 132,600, the bargain basement
days in EGR housing are over. Homes on the higher priced shelf are
selling, but at a slower rate.
East Grand Rapids Real Estate Market Reports
East Grand Rapids Michigan ~ America’s Hometown
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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.
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