Caledonia Michigan Real Estate Market Report Jan-Mar 2013

Posted on April 16, 2013 by Terry & Bonnie

by Bonnie Westbrook

2013 First Quarter Real Estate Market Activity

Current Active Listings = 81

Caledonia Pending Home Sales = 21

Caledonia Sold Homes = 36

Average Sold Price = $ 171,596

Caledonia real estate has had a slight decrease in average

sales price for the first quarter but we don’t see this trend continuing.

Home inventory is starting to get short in other Grand Rapids suburban

markets and Caledonia will be affected, as well. Interest rates are still

low, so it is a good time to buy in Caledonia.

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If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

_____________________________________________________________________________

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

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Caledonia Michigan Real Estate Market Report Oct-Dec 2012

Posted on February 25, 2013 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report Oct-Dec 2012

2012 4th Quarter Real Estate Market Activity

Current Active Listings = 48

Caledonia Pending Home Sales = 2

Caledonia Sold Homes = 46

Average Sold Price = $ 181,169

Average Sold Price Per Sq Ft = $ 95.48

Caledonia real estate has had a slight decrease in sales price

for the fourth quarter but severely shrinking inventory will affect

traditionally higher spring sales. Prices should rise with increased

demand and fewer homes to buy. Now is a perfect time to put your

Caledonia home on the market – before everyone else decides that

now is a good time to sell.

SEARCH CALEDONIA MI HOMES

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More Caledonia Michigan Articles:

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Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Real Estate Market Report April-Sept 2012

Posted on October 7, 2012 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report April-Sept 2012

2012 2nd & 3rd Quarter Real Estate Market Activity

Current Active Listings = 83

Average List price – $274,755

Average Time on Market = 80-90 days

Average Sold Price = $ 183,328

Absorption Rate = 2.9 months

Caledonia real estate has seen an increase in sales price

and shrinking inventory. Prices have risen and many who were

waiting on the sidelines are back in the selling market. The absorption

rate is down from 4.6 months in the first quarter to 2.9 months in the

last 2 quarters. All signs of a definite recovery for Caledonia real estate

for the main buying and selling period this year.

SEARCH CALEDONIA MI HOMES

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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.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Real Estate Market Report Jan-Mar 2012

Posted on April 6, 2012 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report Jan-Mar 2012

2012 First Quarter Real Estate Market Activity

Caledonia Current Listings = 107

Average Sale price – $158,704

Average Time on Market = 3.3 months

Average Sold Price/Sq Ft = $ 88.49

Absorption Rate = 4.6 months

Caledonia real estate has seen an almost 10% decrease in

average list price to sold price since the first of the year. Even

though housing inventory is shrinking, prices haven’t made a

recovery yet. Average time on the market is back in the normal

range, even though it may take several months for sellers to

reach their sale price.

Average sale price is somewhat misleading in the Caledonia

market, where sold homes range from $850,000 to $25,000.

We are still waiting to see how the foreclosures and bank owned

houses still not listed will re-enter the marketplace. If they are

released slowly back onto the market, prices may hold steady.

If these homes are dumped back on the market, en mass, this will

lead to further price erosion for all homes.

SEARCH CALEDONIA MI HOMES

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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.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan–Dec 2011

Posted on February 8, 2012 by Terry & Bonnie

Kentwood Michigan Neighborhood Real Estate Report – Crystal Springs Jan–Dec 2011

Quick Snapshot of Crystal Springs Real Estate Activity

Jan 1 through Dec 31, 2011

9 Active Listings Ranging from $ 167,000 to $ 449,000

1 Pending Sales

13 Sold Properties

Average sold price = $ 235,415

Absorption Rate for Crystal Springs = 8.33 months

Home inventory is still high for this area. Homes are selling

but they must be in great condition if you expect buyers to

pay top dollar.

StoneWater Country Club is now part of Watermark properties,

so if you belong to StoneWater, you may also play Watermark

Country Club and Sunnybrook Country Club….a great trio of local

courses to challenge your game.

SEARCH FOR Kentwood Homes

Search Foreclosed & Short Sale Kentwood Homes

StoneWater Country Club

Michigan Golf Photos

Kentwood Michigan Real Estate Articles

____________________________________________

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

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Real Estate Market Report Jan–Dec 2011

Posted on February 3, 2012 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report Jan-Dec 2011

Caledonia real estate has the an inventory problem, just like

most of the area. Too many homes for sale and too few buyers.

Months of inventory peaked at almost a 2 year supply at the beginning of

2011 and fell in the spring and summer months, then started climbing

again as fall progressed into winter. Though high inventory is way below

last winter’s highs.

Average sale price is still depressed in Caledonia as elsewhere, as

evidenced by the distance between average list price and average sale

price in the chart above.

The huge unknown for any real estate market this year, is when

and how the foreclosures and bank owned homes will re-enter

the marketplace. If they are dribbled back onto the market,

prices may hold steady. If these homes are dumped back on

the market, en mass, this will lead to further price erosion

for all homes.

SEARCH CALEDONIA MI HOMES

SEARCH BANK OWNED SHORT SALE CALEDONIA 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.

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Neighborhood Real Estate Report Crystal Springs 2011

Posted on January 19, 2012 by Terry & Bonnie

Kentwood Michigan Neighborhood Real Estate Report Crystal Springs 2011

Quick Snapshot of Crystal Springs Real Estate Activity

January 1 through December 31, 2011

8 Active Listings from $ 167,000 to $ 469,000

0 Pending Sales

17 Sold Properties

Average 2011 Sold price = $ 234,882

StoneWater Country Club is now part of Watermark properties,

if you belong to StoneWater CC, you may also play Watermark

Country Club and Sunnybrook Country Club….a great trio of local

courses to challenge your game.

SEARCH FOR Kentwood Homes

SEARCH FOR CALEDONIA HOMES

Search Foreclosed & Short Sale Kentwood Homes

StoneWater Country Club

Michigan Golf Photos

Kentwood Michigan Real Estate Articles

____________________________________________

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

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Top Best Buy Homes Dec 2011

Posted on December 26, 2011 by Terry & Bonnie

Caledonia Michigan Top Best Buy Homes Dec 2011

Caledonia is a popular place to live. In fact, it has increased

in population by 37% in the last 10 years, according to the 2010

census, one of the fastest growing areas in greater Grand Rapids.

The Top 17 Caledonia Homes to Buy by Price/Square Foot:

114 W Main St $91,900 1290 Sq Ft $71.24/SqFt

135 Casey Ct $92,500 1200 Sq Ft $77.08/SqFt

7050 84th St $105,000 1400 Sq Ft $75.00/SqFt

123 Johnson SE $ 119,900 1668 Sq Ft $71.88/SqFt

8956 Braden $124,900 1619 Sq Ft $77.15/SqFt

8610 Grainery Ave $130,000 1450 Sq Ft $89.66/SqFt

324 Vine St SE $149,900 1782 Sq Ft $84.12/SqFt

8543 Grainery Ave $164,900 1722 Sq Ft $95.76/SqFt

8877 Alanada Dr $165,743 2058 Sq Ft $80.54/SqFt

7586 E Morgan Ln $169,750 2070 Sq Ft $82.00/SqFt

8519 Haystack Rd $174,900 2212 Sq Ft $79.07/SqFt

6721 Hayfield Rd SE $175,000 1800 Sq Ft $97.22/SqFt

6126 S Costner Ct $199,900 2085 Sq Ft $95.88/SqFt

7935 Creekwood Ct $199,900 2240 Sq Ft $89.24/SqFt

8403 96th St SE $210,715 2340 Sq Ft $90.05/SqFt

8428 Curley Trail $218,900 2626 Sq Ft $83.36/SqFt

7070 Thornapple River $229,000 2636 Sq Ft $86.87/SqFt

Caledonia real estate is selling fairly quickly, if priced correctly.

Only 3 of these homes have been on the market for less than 3 months.

Mid priced homes in good condition are selling almost as fast as they

hit the market.

Give Terry a call if you are looking for a Caledonia home.

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Home Buying Questions Answered

Home Buying List a Must

***Please note that this list can change daily as some homes

sell, prices are adjusted and other homes come on the market.

Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present condition.

If you would like to see a Caledonia Home, please

contact me: 1-888-240-1968 ext 0

or email me at terry@terrywestbrook.com

___________________________________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Population Growth in Kent County Michigan

Posted on December 23, 2011 by Terry & Bonnie

Population Growth in Kent County Michigan

Which areas within the county are people moving to?

The townships that grew the most in the last 10 years are:

Ada, Caledonia, Courtland, Algoma, Byron, Gaines and Lowell.

These areas have seen a twenty per cent growth in the last 10 years

while Kent County as a whole has seen a six per cent population growth.

In our opinion, these population growth spurts usually follow jobs

and life-style choices. All of the above areas are near Grand Rapids but

offer a suburban life-style and proximity to large employers and good school

systems.

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SEARCH BYRON MI HOMES

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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

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Waterfront Homes Dec 2011

Posted on December 5, 2011 by Terry & Bonnie

Forest Hills Michigan Waterfront Homes Dec 2011

Many people searching for a waterfront home will be planning

on actually buying in the spring, so they can enjoy the waterfront all

summer. If you want to get the best price and the best selection,

you need to consider an off-season purchase.

Winter is an excellent time to buy a waterfront home in Forest Hills, MI.

Not only will you have fewer competitors looking for that perfect home,

you will also have the leisure to negotiate. And do a little redecorating or

altering the home to fit your needs, once you are an owner. This gives

you ample time to be ready for the busy summer season when you just

want to sit back enjoy your Forest Hills Michigan waterfront home.

SEARCH FOREST HILLS HOMES

________________________________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM