Monthly Archives: January 2015

East Grand Rapids Michigan Real Estate Market Report July – December 2014

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East Grand Rapids Michigan Real Estate Market Report July – December 2014

by Terry & Bonnie Westbrook
East Grand Rapids is a community of homes

priced from the mid $100,000’s to over $1,000,000, 

with the majority of homes selling from $300K to $400K.

 

East Grand Rapids is a very popular place to live in our area,

great public school system, its’ walkability, being close

to downtown GR Medical Mile, businesses, attractions and

shopping in Gaslight and Breton Villages.

 

ForestHillsMIwinter

Don’t mind feeding these deer.

 

East Grand Rapids Real Estate Report July-December 2014

 

Active Listings – 65 from $159,000 to $ 3,500,000

Sold Homes – 132 from $ 106,000 to $ 1,200,000

Average List Price – $ 580,197

Average Sold Price – $ 346,650

 

Sold home prices have fallen slightly in East Grand Rapids

in the last six months. Home inventory numbers are up slightly,

so good news for buyers.  We have heard through the real estate

grape-vine that some small homes are being torn down and mega-

mansions are replacing them.  With aging stock and no new land

to develop, this is the only option left to those determined to live

at an East Grand Rapids address.

 

If you have been thinking of selling your East Grand Rapids home,

2015 could be the time to call for a custom analysis of what your home

might be worth in today’s market.  And valuable advice on what updates

current buyers are willing to pay for and which ones they aren’t.

 

If you have questions about buying/selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

 

SEARCH EAST GRAND RAPIDS HOMES

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

Copyright 2015 All rights reserved.

_____________________________________________________________________________________

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!

Forest Hills Michigan Real Estate Market Report July – December 2014

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Forest Hills Michigan Real Estate Market Report

July – December 2014

by Terry & Bonnie Westbrook

 

Forest Hills is a public school district in Ada–Cascade Michigan.

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

community that has wonderful neighborhoods, some new, some older

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

a suburban life style that attracts many home owners.

 

Ada Park Pathway

2014 Real Estate Market Activity July – December

 

Active Listings = 162

From $ 62,900 to $ 2,724,900

Sold Homes = 483

Average Sold price – $308,128

 

Forest Hills home prices are slowly on the rise, while the inventory

of homes is at an all time low.  This is frustrating to buyers, especially

ones who have seen dozens of homes on the market in the past 7-8

years sit for long spells before selling.  If a good home with lots of

updates comes on the market now, buyers are trying to be the first

ones to look, so they can beat out their competition in the buying process.

 

If your home needs updates or repairs, do not expect the above 

scenario to take place.  The home will eventually sell, but not at

full market price it would get if updates were already done.

 

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.  If you are a seller, he can provide valued advice

on what to update to get your home sold quickly.

 

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 Home, please contact me directly.

Copyright 2015 All rights reserved

_____________________________________________________________________________

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!