Caledonia Michigan Real Estate Neighborhood Market Report – Crystal Springs 2010

Crystal Springs Development in Caledonia, Michigan is a large,

residential suburban housing development that was started in the

late 1980s and most construction was finished in the 1990s

although some newer homes have been built since 2000. There are

also a few vacant lots left to develop.

This development covers an area around Stonewater Golf Course

at Crystal Springs south of 68th Street to 72nd Street and encompassing

Kalamazoo Avenue on the east and west.  This development has single

family homes and condos, many located right on Stonewater Golf Course.

The public school system is Kentwood, though the address is Caledonia.

Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,

Kentwood High School, and a short hop to M-6, which is the south beltline for

the Greater Grand Rapids area connecting US 131 on the west and I96 on the

east side of the city.

Jan-Dec 2010 Real Estate

Residential Market Report

Crystal Springs Neighborhood

Active Listings: 12 Active Listings

Average Price: $279,350

Price per Sq Ft: $111.21 (Main Floor only)

Average days on the Market: 75

PENDING: 4 homes

SOLD: 15 Sold Homes

Average Price: $ 210,133

Average Price Per Sq Ft: $ 96.48 (Main floor only)

Average Days on the Market: 116

Absorption Rate for Crystal Springs Listings is 9.6 months for the

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

it will take 9.6 months for the current homes to sell at the current

rate of sales.

Crystal Springs Homes that are priced competitively are selling.

Average list price is up and sold price is down from 2009.  Sold homes are

nearly half of 2009 totals but have  started to rebound late in the year.

The average sold price has fallen anther 10% from 2009 average sold

price.

Additional Crystal Springs Articles:

Watermark CC purchases Crystal Springs GC

Crystal Springs GC has a new look & a new name

Caledonia Michigan Real Estate Reports

Kentwood Michigan Real Estate Reports

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

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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

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