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
Copyright 2016 All rights reserved.
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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!