Crystal Springs ~ Kentwood Absorption Report June 2009
Crystal Springs Development in Caledonia, Michigan is a large, residential
suburban housing development that was started in the late 1980’s and
most construction was finished in the 1990’s although some newer homes
have been built since 2000. There are also a few vacant lots left to develop.
This development covers a large area around the Stonewater Golf Course
at Crystal Springs south of 68th Street to 72nd Street and encompassing
Kalamazoo Avenue on the east and west. This development has single
family homes and condos, many located right on the Stonewater Golf Course.
The public school system is Kentwood, even though the address is Caledonia.
Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,
Kentwood High School, and a short hop to M-6, which is the south beltline for
the Greater Grand Rapids area connecting US 131 on the west and I96 on the
east side of the city.
June 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 28 Active Listings
Average Price: $267,893
Price per Sq Ft: $112.54 (Main Floor only)
Average days on the Market: 140
PENDING: 8 homes
SOLD: 13 Sold Homes
Average Price: $ 205,731
Average Price Per Sq Ft: $ 92.05 (Main floor only)
Average Days on the Market: 100
Absorption Rate for Crystal Springs Listings is 8 months for the
current housing inventory. If no other homes enter the market, it
will take 8 months for the current homes to sell at the current
rate of sales.
Crystal Springs Homes that are priced competitively are selling.
As you can see by the statistics, the homes that have their price
per square foot under $100 are selling in about 3 months.
Many sellers have retired from the market and will try again in
the spring. They might find a better buying market, but prices are
still on the downward trend. With lower interest rates, this may
spur the local economy and put more buyers into the game.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Caledonia MI June 2009 Real Estate Market Report
Top Best Buys Caledonia Michigan June 2009
Video Tour of Caledonia Michigan
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
photo of Kentwood High School Football Stadium by Bonnie Westbrook