Caledonia Michigan Real Estate Market Report Oct-Dec 2012

Posted on February 25, 2013 by Terry & Bonnie

2012 4th Quarter Real Estate Market Activity

Current Active Listings = 48

Caledonia Pending Home Sales = 2

Caledonia Sold Homes = 46

Average Sold Price = $ 181,169

Average Sold Price Per Sq Ft = $ 95.48

Caledonia real estate has had a slight decrease in sales price

for the fourth quarter but severely shrinking inventory will affect

traditionally higher spring sales. Prices should rise with increased

demand and fewer homes to buy. Now is a perfect time to put your

Caledonia home on the market – before everyone else decides that

now is a good time to sell.

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

More Caledonia Michigan Articles:

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report Oct – Dec 2012

Posted on February 21, 2013 by Terry & Bonnie

Forest Hills Michigan Real Estate Market Report Oct– Dec 2013

Forest Hills is a school district in Ada–Cascade Michigan

real estate market that is always active. This Grand Rapids suburban

community has wonderful neighborhoods, some new and some older

with Top Ranked Forest Hills Public Schools, private schools, and

a life style that attracts many home owners.

Fourth Quarter 2012 Real Estate Market Activity

Under $250,000 Homes:

Forest Hills Current Listings = 30

Forest Hills Pending Home Sales = 81

Forest Hills Sold Homes = 178

Average Sold price – $154,229

$ 250,001 and Up Homes:

Forest Hills Listings = 90

Forest Hills Sold Homes = 62

Average Sold Price = $ 393,754

Average Sold Price/Sq Ft = $154.00

Home inventory is shrinking and prices are rising in Forest Hills

for the last 9 months of market time. Homes in good condition are

selling fast, prices in the fourth quarter are still declining, buyers are

appear to buying smaller homes. Inventory is at all time lows, so it

is a good time to sell your Forest Hills Home.

Call Terry if you are interested in buying or selling a Forest Hills home.

He has over 40 years of experience in selling and buying West Michigan

and Forest Hills homes.

SEARCH FOREST HILLS HOMES

Additional Forest Hills Articles:

Forest Hills Real Estate Market Reports

Forest Hills District Ranks Top in State

Forest Hills District Posts MEAP Scores

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

7 Reasons to Buy a West Michigan Home Now

Posted on February 19, 2013 by Terry & Bonnie

7 Reasons to Buy a West Michigan Home Now

This may sound like the same old rhetoric, especially coming from a

real estate blog. But if you are considering buying a home in the

next year or two, you might want to step up your timetable.

1. Home prices will bounce along the bottom this winter,

but prices are expected to rise 10% over the next four years.

2. Home inventory is still declining – making finding your dream home

much more difficult.

3. INTEREST RATES ARE STILL LOW!

4. Rents are rising – it is not quite the bargain it was a few years ago.

5. Long term home ownership creates family wealth.

6. Most young adult still desire a home of their own.

Increased demand + higher interest rates = higher home prices.

Experts estimate the First Time Home Buyer Grant Program will be gone

by June 2013.

7. When Home Prices Rise, your buying power decreases drastically.

You can’t save money fast enough to keep up with rising home prices

and rising interest rates. Especially if 20% down payment becomes the

new industry standard.

If you are thinking of buying a home I will be happy to discuss your options

and availability of homes in the West Michigan area. Give me a call at

616-292-7263.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

2013 Michigan Home Buyer Assistance Fund

Posted on February 18, 2013 by Terry & Bonnie

2013 Michigan Home Buyer Assistance Fund

Michigan is one of the states that has made a settlement with the

big banks in the National home foreclosure law suit. Because Michigan was one

of the hardest hit by home foreclosures, this settlement awards $ 15 million

to assist new buyers in acquiring homes.

These grants are awarded on a first come- first served basis until the money

runs out. This grant program is for new home buyers with a preference for

military and disabled veterans.

First Time Home Buyer is defined as not owning a home for the last 3 years.

If you are active reserve, active military, or a veteran you are eligible for

$5000 of grant money. If you are a first time home buyer you are eligible for

$3000 of grant money with this program.

MSHA is administering this fund for the state; lots questions and details

can be viewed at their website. As of Feb.12, 2012, there is $ 10,814,802.59

of grant funds left in the program.

If you have any questions about your eligibility or how to buy a home with

the MSHDA National Assistance Grant Program, please call me and I would

happy to discuss this program with you.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Monthly Archives: February 2013

Caledonia Michigan Real Estate Market Report Oct-Dec 2012

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

Forest Hills Michigan Real Estate Market Report Oct – Dec 2012

Forest Hills Michigan Real Estate Market Report Oct– Dec 2013

SEARCH FOREST HILLS HOMES

7 Reasons to Buy a West Michigan Home Now

2013 Michigan Home Buyer Assistance Fund