Wyoming Michigan is a large suburban community of Grand Rapids, MI.
Wyoming MI homes are moderately priced, which should make it an active
market in this economy.
Obviously the lower price levels have affected the average price
(low price $54,200 vs high price of $236,835).
I assume some of the lowest price levels are bank owned foreclosures
negatively affecting the market price.
As you can see by the graph pictured below, Wyoming homes listed at a
high price are not selling until the price gets close to the average or below.
188 Wyoming MI Homes Actively on the Market October 2008
36 Wyoming MI Pending Sales for January to November
61 Wyoming Sold Homes for January to November
Wyoming MI chart of November 2008 listings
Wyoming MI November 2008 listings price
Wyoming MI Nov 2008 listings $/sqft
Wyoming MI Nov 2008 listings DOM
In Wyoming, MI there is a lot of sold activity in the lower price brackets,
$ 50,000 to $ 85,000. There are some great bargains here for
savvy home buyers. The lowest average sold prices have risen about
$15,000 since August. At the top end, it looks like the higher prices have
started moving towards the middle, they have lost about $13,000 in
average sold prices.
Wyoming MI Market Report August 2008
Wyoming MI Market Report Sept 2008
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