Grand Rapids Real Estate

SEARCH EAST GRAND RAPIDS HOMES

__________________________________________________________________________________

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!

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.

__________________________________________________________________________________

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!

East Grand Rapids Michigan Real Estate Market Report July – December 2013

Posted on January 2, 2014 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report July – December 2013

by Terry & 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 $200K to $400K.

East Grand Rapids is a very popular place to live in our area,

its walkability, close to downtown GR businesses, and shops, restaurants

in Gaslight Village are the main reasons.

East Grand Rapids Real Estate Report July-December 2013

Active Listings – 41 from $144,900 to $ 1,599,000

Pending Sales – 58

Sold Homes – 116 from $ 126,000 to $ 1,312,500

Average List Price – $ 416,871

Average Sold Price – $ 362,493

Sold home prices have risen about 10% in East Grand Rapids

in the last six months. Home inventory numbers are down, so this is

good news for home sellers, especially those waiting for an improving

market. Interest rates are still low, so buyers can still make a wise decision by

choosing to own their own home.

If you have been thinking of selling your East Grand Rapids home,

2014 could be the time to call for a custom analysis of what your home

might be worth in today’s market!

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

_____________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report April-July 2013

Posted on August 12, 2013 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report April-July 2013

by Bonnie Westbrook

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $1,000,000 with the majority of homes

selling from $200K to $400K. Only 25% of these homes have been

on the market for over 90 days.

East Grand Rapids is a very popular place to live in our area, its

walkability, close to downtown GR and the core retail area a few

of the main reasons.

East Grand Rapids Real Estate Report April 1 – July 31 2013

Active Listings – 61 from $144,900 to $ 1,000,000

Pending Sales – 22

Sold Homes – 97 from $ 136,900 to $ 1,625,000

Average Sold Price – $ 326,757

Home prices are rising in East Grand Rapids, just as home inventory

is shrinking. Good news for home sellers,especially those waiting for an improving

market. Interest rates are still low, so buyers can still make a wise decision by

choosing to own their own home.

If you have been thinking of selling your East Grand Rapids home, summer of 2013

could be the time to call for a custom analysis of what your home might be worth

in today’s market!

If you have questions about buying or selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report Jan-Mar 2013

Posted on April 16, 2013 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Jan-Mar 2013

by Bonnie Westbrook

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $100K to $400K. East Grand Rapids is a very popular

place to live in our area, its walkability and core retail area are two of

the reasons.

East Grand Rapids Real Estate Report Jan 1 – Mar 31 2013

Active Listings – 35 from $136,900 to $ 1,595,000

Pending Sales – 20

Sold Homes – 40 from $ 122,000 to $ 1,280,000

Average Sold Price – $ 364,196

Home prices are rising in East Grand Rapids, just as home inventory

is shrinking. Good news for home sellers, prices are finally rising. Interest rates are

still low, so buyers can still make a wise decision by choosing to buy a home.

If you have been thinking of selling your East Grand Rapids home, spring of 2013

could be the time!

If you have questions about buying or selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report Oct-Dec 2012

Posted on March 18, 2013 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Oct – Dec 2012

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $100K to $400K. East Grand Rapids is a very popular

place to live and the months of home inventory, lowest in the

Grand Rapids area, shows this.

Autumn Grass

East Grand Rapids Real Estate Report Oct 1 – Dec 31 2012

Active Listings – 13 from $145,000 to $ 1,050,000

Average List Price – $ 484,823

Pending Sales – 2

Sold Homes – 47 from $ 96,111 to $ 1,065,000

Average Sold Price – $ 274,516

Average Days on Market – 52-57 days

Home prices are rising in East Grand Rapids, just as home inventory

is shrinking. Good news for home sellers, prices starting to rise. Low

appraisals is still a problem in most areas, though we predict East GR and

Forest Hills will be the first to recover. If you have been thinking of selling

your East Grand Rapids home, spring of 2013 could be the time!

If you have questions about buying or selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids MI Tree Disposal 2013

Posted on January 2, 2013 by Terry & Bonnie

East Grand Rapids Michigan Tree Disposal 2013

by Bonnie and Terry Westbrook

Now that the holidays are over, clean up and disposal is on your

mind, especially if you have a fresh fir tree or wreaths. These

can be disposed of in an environmentally safe way by your local

government. Most provide a place or method for tree disposal.

Christmas Tree

East Grand Rapids residents may place discarded Christmas trees

and wreaths for collection and disposal at the curb on their regular

waste collection service day for two weeks, beginning Mon. January 7th.

If you are unfamiliar with the East GR’s collection schedule, you can call

the public works dept. at 940-4817 or go their website and view the yard

collection map.

_____________________________________________________________________________

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!

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

Posted on October 9, 2012 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report April-Sept 2012

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $120K to $400K. East Grand Rapids is a very popular

place to live and the months of home inventory, lowest in the

Grand Rapids area, shows this.

East Grand Rapids Real Estate Report April – Sept 2012

Active Listings – 62 from $130,000 to $ 1,950,000

Average List Price – $ 484,823

Pending Sales – 23

Sold Homes – 140 from $ 76,677 to $ 1,200,000

Average Sold Price – $ 290,550

Average Days on Market – 80

Absorption Rate - 2.28 months

Home inventory is down to a new level in East GR, but as you can see

by the graph above, home sales are still not driving prices up, so far.

Though prices are leveling out and low prices are hovering around

$ 130K in the starter range. The Absorption Rate is 2.28 months,

which means if no new homes enter the market, it will take 2.28 months

for the current inventory to be sold or absorbed, at the current rate

of sales. This is back into Seller Control category, which we haven’t seen

for at least 5 years.

If you have questions about buying or selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report Jan -Mar 2012

Posted on April 5, 2012 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Jan -Mar 2012

East Grand Rapids is a city with homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $120K to $400K. East Grand Rapids is a very popular

place to live in the Grand Rapids area.

2012 First Quarter Real Estate Market Activity

East Grand Rapids Current Listings = 83

Average Sale price – $270,878

Average Time on Market = 2 months

Average Sold Price/Sq Ft = $ 123.13

Absorption Rate = 3.9 months

Home inventory is down to a new level in East GR and

homes are taking a few months to sell. Please note that

average time on the market reflects only the latest “improved”

price by the seller, not the whole time the home was listed.

If you have been considering selling your East Grand Rapids

home, now is the perfect time, give Terry a call.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263

East Grand Rapids Michigan Real Estate Market Report Jan-Dec 2011

Posted on February 1, 2012 by Terry & Bonnie

East Grand Rapids Michigan Real Estate Market Report Jan-Dec 2011

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $120K to $400K. East Grand Rapids is a very popular

place to live and the months of home inventory, lowest in the

Grand Rapids area, shows this.

Home inventory is down to a new level in East GR, but as you can see

by the graph above, home sales are still not driving prices up, so far.

If you have been considering selling your East Grand Rapids home,

now is the perfect time, before spring home inventory rises.

SEARCH EAST GRAND RAPIDS 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

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

Contact Terry 616-292-7263