East Grand Rapids Michigan Real Estate Market Report Sept 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.
July 1 to Sept 30, 2011 EGR STATS:
94 Active Listings for sale
11 Pending Home Sales
83 Sold Homes
$286,813 Average Sold Price
92.9% of Sale Price to List Price
Absorption Rate: 4.4 months
East GR is seeing a slight rise in home prices over first half
2011 averages, and the Absorption rate is much lower. Average
sold price is about 10% higher but % of sale price to list price
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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