East Grand Rapids Michigan Real Estate Market Report Jan-June 2011
East Grand Rapids is a community of homes priced from the
low $100,000’s to over $2,000,000 with the majority of homes
selling from $120K to $400K. Since this is such a large spread
it is difficult to produce true averages beyond a neighborhood
level, so take that in consideration with the following statistics.
2011 First Half EGR STATS:
146 Active Listings for sale
30 Pending Home Sales
80 Sold Homes
$260,384 Average Sold Price
95.21% of Sale Price to List Price
Absorption Rate: 7.9 months
Synopsis: East GR is seeing a slight rise in home prices
over 2010 averages, though the Absorption rate is slightly higher.
Demand for East GR homes is about the same as 2010 but
indices are looking up, so far. If the bank owned homes are
dumped back on the market, this would erode prices further.
More East Grand Rapids Articles:
SEARCH FOR EAST GRAND RAPIDS HOMES
SEARCH for EGR Bank Owned + Short Sale Homes
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. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263