Caledonia Michigan Real Estate Market Report October 2015 – March 2016

Posted on March 24, 2016 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report Oct 2015 – March 2016

by Bonnie Terry Westbrook

2016 Real Estate Market Activity

October 1, 2015 to March 24, 2016

Current Active Listings = 69

from $135,000 to $1,300,000

Caledonia Pending Home Sales = 67

Caledonia Sold Homes = 119

from $ 34,675 to $ 999,900

Average Sold Price = $ 253,271

Caledonia Real Estate Market is right on target with

the Greater Grand Rapids market area. Homes are

selling at a fairly fast rate. The average single family

home average sold price has slipped down one or two

percentage points; mainly because the median priced

homes are the majority of sales. As you can see from the

statistics above, buying activity is depleting home inventory

at a steady pace this winter.

The Spring and Summer market is going to be fast

and furious for Caledonia home buyers. Be sure you have done

your “homework” before you go out looking! Sellers have the

luxury of choosing from multiple offers, so don’t set yourself

up for disappointment by not being prepared.

Caledonia has a strong appeal for home buyers

in the Greater Grand Rapids market. If you are considering a move

to or from Caledonia, it is not too early to start the process.

Give Terry a call if you would like to know what your Caledonia home

might be worth on today’s Market at: 616-292-7263.

SEARCH CALEDONIA MI 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.

Caledonia MI Flickr Photo-Stream

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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

Forest Hills MI Real Estate Market Report September – February 2016

Posted on March 17, 2016 by Terry & Bonnie

Forest Hills Michigan Real Estate Market Report

September – February 2016

by Terry and Bonnie Westbrook

2016 Real Estate Market Activity Forest Hills

Sept. 2015 – Feb. 2016

Active Listings = 148 From $ 50,000 to $ 2,600,000

Pending Listings – 126

Sold Homes = 418

Average Sold price: $50,000 – 239,000 = $185,000

Average Sold price: $240,000 – 350,000 = $228,619

Average Sold price: $351,000 – $3,000,000 =$ 485,000

Forest Hills home prices are on the rise, but not the

home inventory. Twenty percent fewer homes are on the

market this year compared to last year, which affects sold

figures and comparables.

Especially in the lower price ranges, finding an updated,

attractive house to buy under $200,000 is very

competitive, and under $100,00 is very rare in 2016.

Be prepared for competitive bidding if you are a

lower price bracket home hunter. Be ready for extensive

home remodeling and updates, or learn to love vintage.

The inventory of older homes far outweighs new

construction available in Forest Hills.

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

A Grand Rapids suburban community that has wonderful neighborhoods,

some new, some older. It boasts Top Ranked Forest Hills Public Schools,

private schools, and a suburban life style that attracts many home owners.

Call Terry about buying or selling a Forest Hills home.

If you are a seller, he can provide valued advice on what

updates pay off and which don’t. 616-292-7263

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.

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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!

East Grand Rapids Michigan Real Estate Market Report Sept. 2015 – Feb. 2016

Posted on March 10, 2016 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Sept. 2015 – Feb 2016

by Terry and 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 GR,

great public school system, its’ walkability, being close

to downtown GR Medical Mile, businesses, attractions and

shopping in Gaslight and Breton Villages.

East Grand Rapids Real Estate Report

Sept. 2015 – Feb. 2016

For the last 6 Months:

35 Active Listings – from $169,900 to $ 2,800,000

33 Pending Listings

102 Sold Homes – from $ 157,000 to $ 3,500,000

Average List Price – $ 642,217

Average Sold Price – $ 404,276

Sold home prices have risen sharply in the last 6 months

in East Grand Rapids, about 10% for the average sold price.

For sale home inventory numbers are down and sales are

gobbling up listings almost as fast as they appear.

In the lower price brackets, be prepared to pay more

than list price, regardless of condition, to be a successful buyer

in today’s East Grand Rapids real estate.

However, the higher bracket homes may take a while to sell,

days on the market vary for the last six months from 0 to 539 days.

The average home spent about 64 days on the market before going

pending.

Been thinking of selling your East Grand Rapids home?

2016 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.

Don’t over improve your home! Buyers will pay more for some

improvements, but not all.

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

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and the current neighborhood markets in

Ada, Cascade, Forest Hills, Caledonia, Rockford and East Grand Rapids.

We believe: Grand Rapids is a Great Place to Live!

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Monthly Archives: March 2016