East Grand Rapids MI Real Estate Market Report Nov 2008

Posted on December 2, 2008 by Terry & Bonnie

East Grand Rapids is a small city, population of 10,784 located just east of

Grand Rapids city limits. It has been a desired place to live in the Grand

Rapids area for many years. East Grand Rapids is primarily residential with

some commercial business areas. Many homeowners are attracted by

Reeds Lake which plays a prominent role in the community, its award

winning public school system, proximity to downtown Grand Rapids,

and its overall small town feeling.

East Grand Rapids is definitely a community that you can walk to school,

the ice cream store, or just around the tree lined blocks to visit the

picturesque lakes, Reeds Lake & Fisk Lake.

Homes range in all prices here in East Grand Rapids. There are small 3

bedroom bungalows and ranches that were built just before and after WWII,

there are mega-mansions built on the shores of Reeds Lake for wealthy

citizens, and all ranges in between.

Reeds Lake East Grand Rapids mi

RESIDENTIAL REAL ESTATE MARKET

EAST GRAND RAPIDS MI ~ November 2008

EAST GRAND RAPIDS Homes Listed at $850,000 +

EAST GRAND RAPIDS Active Listings:10

EAST GRAND RAPIDS Average Active Price: $1,743,800

EAST GRAND RAPIDS Sold Homes : 1

EAST GRAND RAPIDS Average Sold Price/SqFt: – $ 309.54

East Grand Rapids real estate market report Oct 2008

East Grand Rapids Homes Listed $450,000 to $ 850,000

East Grand Rapids Homes Active listings:32

East Grand Rapids Average Active Price: $ 608,003

East Grand Rapids SOLD Homes: 7

East Grand Rapids Average Sold Price: $ 522,143

East Grand Rapids Average Sold Price/SqFt: $ 152.57

EGR 450-850K $ per SqFt 11-08

EGR 300 -450K $ per SqFt Listings 11-08

Homes Listed $ 300,000 – $ 450,000

East Grand Rapids Homes Active Listings: 41

East Grand Rapids Average Active Price: $ 397,927

East Grand Rapids SOLD Homes: 17

East Grand Rapids Average Sold Homes Price: $ 354,441

East Grand Rapids Average Sold Price/SqFt: $ 135.91

EGR 200-300K Area Listings 11-08

Homes Listed $ 200,000 – $300,000

East Grand Rapids Active Listings: 25

East Grand Rapids Average Active Price: $ 264,604

East Grand Rapids SOLD homes: 34

East Grand Rapids Average Sold price: $231,003

East Grand Rapids Average Sold Price/SqFt: $ 123.61

Homes Listed $0- $200,000

East Grand Rapids Homes Active Listings: 39

East Grand Rapids Active Average Price: $ 164,454

East Grand Rapids SOLD Homes: 49

East Grand Rapids Sold Home Price: $156,774

East Grand Rapids Sold price/SqFt: $ 113.61

EGR 0-200K Area Listings 11-08

It is difficult to do a market synopsis for a housing area this broad.

East Grand Rapids homes in the lower values seem to be the most active,

especially under $200,000. This is still a very strong market in our

weakened economy but buyers are still looking for bargains. If you need

to sell your East Grand Rapids home, you will need to anticipate the new

buyers price threshold to sell your home in the current market, which seems

to be going down every month.

East Grand Rapids Market Report October 2008

East Grand Rapids Market Report Sept 2008

East Grand Rapids Market Report August 2008

If you have questons about your Grand Rapids or East Grand Rapids Home

in this market, please contact me directly.

Five Star Real Estate LLC

Reeds Lake photo by Bonnie Westbrook

Waterfront Real Estate Report ~ August 2008 ~Eastern Kent County Michigan ~

Posted on September 9, 2008 by Terry & Bonnie

Like all counties in Michigan, we are blessed with water, lots of water, in the

form of inland lakes, rivers and streams. Many people who live here have

residences that have private waterfront access, the prices range from $99,000

at the low end to $4,000,000 at the high end to live on the waterfront in

Eastern Kent County.

Eastern Kent County would include Ada, Alto, Belding, Belmont, Caledonia,

Cannon, Cannon Twp, Cannonsburg, Cascade, Comstock Park, Dutton, East

Grand Rapids, Forest Hills, Gaines, Gaines Twp, Grand Rapids, Kentwood,

Rockford, & Vergennes Twp.

This Private Waterfront Real Estate Market Report gives you the current

picture for the hot market time from March to August 2008.

The chart below tells us that 15 properties have sold, 3 pending,

82 currently For Sale, and 18 have expired.

Reeds Lake, East Grand Rapids, MI

Average Price for Private Access Waterfront Real Estate

Current For Sale = $618,500

Pending Sales = $466,300

Sold Homes = $419,853

Average Days on the Market

Current For Sale = 80 days

Pending = 78 days

Sold = 56 days

Expired = 101 days

Average Price per Square Foot

Current For Sale = $222.39

Pending = $201.98

Sold = $196.93

Expired = $189.01

Status	Total	Avg Price	$/SqFt	Median	Low	High	Avg DOM
ACT/CNT	82	$618,500	$222.39	$429,000	$99,900	$4,000,000	80
PND	3	$466,300	$201.98	$599,000	$300,000	$599,000	78
SLD/RNT/LSE	15	$419,853	$196.93	$275,000	$145,000	$1,275,000	56
WTH	0	$0	$0.00	$0	$0	$0	0
EXP	18	$378,292	$189.01	$286,950	$149,900	$1,275,000	101
Total	118	$552,737	$213.54	$395,000	$99,900	$4,000,000	80

All information is subject to verification and no liability for omission

or error is assumed

If you would like additional information about waterfront homes

in Kent County, please contact me directly at:

1-888-240-1968 ext 0

F.Y.I. ~ The 4 million dollar property listed is on Reeds Lake, the beautiful lake

in East Grand Rapids, captured in a photo by Bonnie Westbrook.

East Grand Rapids Mi Real Estate Market Report ~ August 2008

Posted on August 29, 2008 by Terry & Bonnie

East Grand Rapids is a small city, population of 10,784 located just east

of Grand Rapids city limits. It has been a desired place to live in the Grand

Rapids area for many years. It is primarily residential with some commercial

business areas. Many homeowners are attracted by Reeds Lake which plays

a prominent role in the community, its award winning public school system,

proximity to downtown Grand Rapids, and its overall small town feeling.

This is definitely a community that you can walk to school, the ice cream

store, or just around the tree lined blocks to visit the picturesque lakes,

Reeds Lake & Fisk Lake.

Homes range in all prices here in East Grand Rapids. There are

small 3 bedroom bungalows and ranches that were built just before and

after WWII, there aremega-mansions built on the shores of Reeds Lake

for wealthy citizens, and all ranges in between.

Reeds Lake at John Collins Park - East Grand Rapids

RESIDENTIAL REAL ESTATE MARKET

EAST GRAND RAPIDS MI ~ AUGUST 2008.

Homes Listed at $850,000 +

5 For Sale

Average price $ 2,092,980

High $4,000,000 Low $1,175,000

Average Days on Market 78

1 Home Sold – $ 1,275,000

50 Days on the Market

3 Home Listings Expired

Average Price: $ 1,233,333

Average Days on Market: 156

Homes Listed $450,000 to $ 850,000

18 Homes Available

Average price $ 583,083

Average Days on Market 83

1 Home Pending Sale

Price: $599,000 59 Days on Market

5 Homes Sold, 9 Expired

Average Sold Price: $ 531,000

Average Days on Market: 33

Average Expired Price: $606,366

Average Days on Market: 114

Homes Listed $ 300,000 – $ 450,000

37 Homes Available

Average Price: $ 374,118

Average Days on Market: 67

1 Pending, 10 Sold, 12 Expired, 1 Withdrawn

Average Sold Price: $355,440

Average Days on Market: 76

Average Expired Price: $395,941

Average Days on Market: 100

Homes Listed $ 200,000 – $300,000

30 Homes Available

Average Price: $ 257,899

Average Days on Market: 94

30 Sold Homes, 10 Expired, 3 Withdrawn

Average price: $154,303

Average Days on Market: 54

Homes Listed $0- $200,000

36 Available

Average Price: # 166,163

Average Days on Market: 68

9 Pending Sales

Average Price $ 150,100

Average Days on Market: 71

32 Sold Homes

Average Price: $170,306

Average Days on Market: 41

If you would like to know the value of your East Grand Rapids Home

in this market, please contact me directly.

1-888-240-1968 ext 0

Free Summer Concerts ~ John Collins Park ~ East Grand rapids MI

Posted on July 31, 2008 by Terry & Bonnie

Summer and outdoor concerts just seem to go together. If you haven’t

attended one yet this summer, time to remedy that. Tuesday Night Free

Summer Concerts at John Collins Park in East Grand Rapids might

be just what you were looking for.

Pack a light supper or buy one there, just dig out the lawn chairs and

spend an evening listening to music.

Ahhh, summertime and the livin’ is easy…

Summer Daisies

Tuesday August 5 – Jeff Large

Local artist who has a far ranging style that is

not specific to any one genre but plays from

the heart. www.jefflarge.com

Tuesday August 19 – Wonderland Jazz Ensemble

Five experienced musicians that are drawn together to

pursue a traditional jazz blended with original compositions

and innovative arrangements.

http://cdbaby/cd/wonderland jazz

Place: John Collins Park on Reeds Lake, East Grand Rapids

Time: 7 pm

Concerts will be canceled if weather is inclement.

Sponsored by City of East Grand Rapids & United Bank of Michigan

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Category Archives: East Grand Rapids MI Real Estate

East Grand Rapids MI Real Estate Market Report Nov 2008

Waterfront Real Estate Report ~ August 2008 ~Eastern Kent County Michigan ~

East Grand Rapids Mi Real Estate Market Report ~ August 2008

Free Summer Concerts ~ John Collins Park ~ East Grand rapids MI