Grand Rapids MI Cascade Woods Home Coming on the Market Soon

Grand Rapids MI Cascade Woods Home Coming on the Market Soon

If you are looking for a fabulous home in Cascade, this 4 bedroom

classic beauty will be on the market in a few weeks.  This home has had

major improvements made this winter.  This all brick colonial has

quality construction, a new kitchen, new wood flooring, new

ceramic tile flooring, new  carpeting, new kitchen appliances, a

completely finished lower level family – game  room, freshly painted

on the main floors and professional landscaping.

Cascade Woods Brick Colonial

If move-in condition is important to you – look no further!

Contact Terry for more information or  a private showing – 616-292-7263


_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

East Grand Rapids Michigan Top Best Buy Homes March 2010

East Grand Rapids Michigan Top Best Buy Homes March 2010

We have gathered a list of the top East Grand Rapids Houses to buy

based on price per square foot.  Price per square foot is a great leveler.

If two similar homes are listed at similar prices, their price per square

foot should be similar.  It should reflect the interior finish of the home.

For example, if it has crystal chandeliers, marble tile, a new kitchen,

this would be more per square foot than a home that still has the

1970’s decor and/or is in derelict condition.

Please note that this list can change daily as some homes sell, prices are

adjusted and other homes come on the market.

Gaslight Village Sign East GR MI

The total square footage is noted here, although only the main floors

are used to figure price per square foot.

March 2010 – 30 TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $57.07 to $119.88

Highest List Price –  $ 339,500

Lowest List Price –  $ 67,000

The Top East GR Homes to Buy by Price per Square Foot:

2201 Audubon Dr Se   $ 67,000      1174 Sq Ft   $57.07/SqFt

729 Gladstone Dr SE   $ 74,999      800 Sq Ft   $93.75/SqFt

2361 Burchard St        $125,900    1455 Sq Ft   $109.00/SqFt

612 Gladstone Dr SE   $139,900     1268 Sq Ft  $110.33/SqFt

2714 Cascade Rd SE   $139,900    1900 SqFt     $107.62/SqFt

630 Rosewood Ave    $149,500     1862 Sq Ft    $80.29/SqFt

2115 Tenway Dr SE     $149,900    1395 Sq Ft   $107.46/SqFt

2665 Richards Dr SE   $149,900    1573 SqFt     $116.65/SqFt

1647 Franklin St          $149,900    1392 Sq Ft   $107.69/SqFt

210 Hodenpyl Rd SE    $152,900    2336 Sq Ft   $117.80/SqFt

252 Hodenpyl Rd       $154,900    1489 Sq Ft    $104.03/SqFt

2530 Cascade Rd SE   $159,900    2200 SqFt    $99.38/SqFt

847 Orchard Ave        $159,900    1350 Sq Ft   $118.44/SqFt

2144 Tenway Dr SE    $162,900    2158 Sq Ft   $119.60/SqFt

2937 Lake Dr              $179,900   1602 Sq Ft    $112.30/SqFt

2840 Cascade Rd        $189,000     2272 Sq Ft   $105.47/SqFt

1420 Laurel Ave SE     $189,900   1728 Sq Ft    $109.90/SqFt

1707 Hall St SE           $189,900   2229 Sq Ft    $108.33/SqFt

1401 Rosalind Rd SE   $199,900   1909 SqFt     $104.71/SqFt

2150 Anderson Dr      $209,000    3322 Sq Ft   $75.29/SqFt

3030 Cascade Rd SE    $209,900    3000 Sq Ft  $111.77/SqFt

1401 Pinecrest Ave   $220,000    2350 Sq Ft   $103.97/SqFt

1146 San Jose Dr SE  $225,000    2446 Sq Ft   $109.97/SqFt

911 Ogden Ave SE     $227,500    1919 Sq Ft   $118.55/SqFt

1746 Danby Ln SE      $239,000    3479 Sq Ft   $109.43/SqFt

1773 Oxford Dr SE     $260,000     3000 Sq Ft   $108.24/SqFt

3030 Fulton St E        $263,000    3460 Sq Ft   $106.05/SqFt

1245 Woodshire Ave $269,500    2248 Sq Ft   $119.88/SqFt

1120 Breton Rd SE    $269,500    3364 Sq Ft   $106.77/SqFt

1418 Woodcliff Dr     $339,500   3114 Sq Ft    $109.02/SqFt

East Grand Rapids homes are selling. If you have been waiting for the

right time to buy, don’t wait much longer.  We are seeing definite signs

of competition for homes in East Grand Rapids and  Forest Hills.

Homes in good condition and priced appropriately are selling. There

is an increase in homes available this month in East Grand Rapids but

prices are generally higher.

*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 view an East Grand Rapids Best Buy Home,

please contact us @1-888-240-1968 x 0 or email us :

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. 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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Caledonia Michigan Top Best Buy Homes March 2010

Caledonia Michigan Top Best Buy Homes March 2010

We have gathered a list of the TOP Caledonia Michigan Houses to buy,

based on price per square foot.   Price per square foot is a great leveler.

If two similar homes are listed at similar prices, their price per square foot

should be similar.  The price should reflect the interior finish of the  home.

For example, if it has crystal chandeliers,marble tile, & a new kitchen, this

would be more per square foot than a home that still has the 1970’s decor

and/or is in derelict condition.

Please note that this list can change daily as some homes

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

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

Blacksmith sign sm web

The total square footage is noted here, although only the

main floors are used to figure price per square foot.

Lowest price/Sq Ft range from $31.04 to $88.20 in Caledonia.

March 2010   TOP BEST BUY Caledonia MI Homes

Highest list price is $249,000 Lowest list price is $34,800

The Top 22 Caledonia Homes to Buy by Price per Square Foot:

105 Johnson St SE       $ 34,800    1121 Sq Ft    $31.04/SqFt

8585 Acorn Ave SE      $ 49,900     1282 Sq Ft   $38.92/SqFt

3526 68th St SE           $ 89,900     2247 Sq Ft   $78.86/SqFt

2100 92nd St SE          $114,000    1300 Sq Ft   $87.69/SqFt

215 Elm St SE              $114,999    1318 Sq Ft   $87.25/SqFt

401 Emmons St SE      $119,900    1578 Sq Ft   $75.98/SqFt

9628 Morse Lake Ave  $127,000    2751 Sq Ft   $54.04/SqFt

3009 76th St SE             $129,900   1650 Sq Ft  $78.73/SqFt

8530 Garbow Dr           $129,900    2050 Sq Ft  $86.60/SqFt

213 Johnson St SE       $131,900    1942 SqFt   $67.92/SqFt

8956 Braden St SE       $134,900    1619 Sq Ft   $83.32/SqFt

1648 Crescent Pointe   $144,900     2047 Sq Ft  $70.79/SqFt

4508 Rolling Ridge Dr    $148,624    2070 Sq Ft   $71.80/SqFt

308 Elm St SE               $158,500     2907 Sq Ft   $88.20/SqFt

444 Green Lake Dr       $160,000     2140 Sq Ft   $74.77/SqFt

7575 E Morgan Lane    $164,500     2070 Sq Ft    $79.47/SqFt

8706 Alaska Ave SE      $174,900     3121 Sq Ft   $56.04/SqFt

327 Johnson St            $178,500     3000 Sq Ft   $59.50/SqFt

9585 Kalamazoo Ave     $209,900    2500 Sq Ft   $83.96/SqFt

6812 60th St SE            $212,000    2418 Sq Ft    $87.68/SqFt

323 Johnson St SE        $212,900   3800 Sq Ft    $73.59/SqFt

9555 Kraft Ave SE        $249,000      3216 Sq Ft  $77.43/SqFt

Only 3 homes priced under $100K, we are starting to see prices

creep up, so if you have been waiting for the best time to buy

in Caledonia, don’t wait much longer.

The Buyers Tax Credit is still available for First Time Buyers and

homeowners who have lived in their homes for the past 5 of

8 years. This tax credit will expire on April 30th, 2010.  We don’t

expect it to be renewed and interest rates will likely go up.

NOW is the best time to buy a Caledonia home.

*Some of these homes may be bank owned foreclosures and

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

Caledonia Michigan Real Estate

If you would like to see a Caledonia Top Best Buys 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. 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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Grand Rapids Michigan NE Walk Out Ranch

Grand Rapids Michigan NE Walk Out Ranch

Another Westbrook Realty SOLD Home!

This updated home at a choice location near Kent Country Club has 4

bedrooms, 2.5 baths, cathedral ceilings, and a remodeled kitchen to

entice you in. If you lived here,  you can have your morning coffee

on the deck or enjoy casual dining in the evening shade.  This home

is situated on a hill overlooking the backyard neighbors but trees and

shrubs give you valued privacy on a city lot.

[youtube=http://www.youtube.com/watch?v=MvBmPWbBwl4&hl=en_US&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999]

For more information, go to www.terrywestbrook.com

or give us a call for a private showing.  With the 2010 tax credit

expiring soon, this well built home shouldn’t be on the market long.

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263


Grand Rapids NE Applewood Condo Sold

Grand Rapids NE Applewood Condo Sold

Another Westbrook Realty SOLD Home!

If you have been considering moving into a condominium,

this could be the home you have been looking for.  It has lots of pluses and is

located near Knapp’s Corners shopping and entertainment complex.

Take a video tour with us of this well maintained home. It has 3

bedrooms, 2 1/2 baths, cathedral ceiling and skylights in the

Great Room, and a covered deck to enjoy those summer sunsets.

[youtube=http://www.youtube.com/watch?v=wnWQvSmbGpg&hl=en_US&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999]
Grand Rapids condo for sale

Call 616-292-7263 for a private showing.

Bird's Eye View of 2035 Tall Meadow St NE

More information available at: www.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. 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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Kentwood Michigan Top Best Buy Homes February 2010

Kentwood Michigan Top Best Buy Homes February 2010

We have gathered a list of the TOP Kentwood Michigan Houses

to buy, based on price per square foot.   Price per square foot

is a great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar.  The price should reflect

the interior finish of the  home.   For example, if it has crystal chandeliers,

marble tile, & a new kitchen, this would be more per square foot than

a home that still has the 1970’s decor and/or is in derelict condition.

Kentwood MI City Hall


The total square footage is noted here, although only the

main floors are used to figure price per square foot.

Lowest prices/Sq Ft range from $32.37 to $68.15 in Kentwood this month.

February  2010  31 TOP BEST BUYS in  Kentwood MI Homes

The lowest list price is $ 29,900

the highest list price is $194,900

Top Kentwood MI Homes to Buy by Price per Square Foot:

7213 Regal Ave          $29,900    750 Sq Ft      $39.87/SqFt

126 58th St SE          $29,900     772 Sq Ft      $38.73/SqFt

337 60th St  SE         $48,600     1457 Sq Ft    $33.36/SqFt

453 Pine Place St     $49,900     1248 Sq Ft    $39.98/SqFt

3394 32nd St SE        $54,900     1696 Sq Ft    $32.37/SqFt

4525 Grantwood      $57,900     1470 Sq Ft    $60.31/SqFt

36  58th St SE         $59,900      1540 Sq Ft    $57.60/SqFt

303 60th St SE        $59,900       1520 Sq FT   $39.41/SqFt

5444 Eastern Ave   $59,900       976 Sq Ft     $61.37/SqFt

315 60th St SE        $60,000      864 Sq Ft      $69.44/SqFt

155 Wavell St SE       $70,000     1350 Sq Ft    $51.85/SqFt

2097 60th St SE         $70,000    1300 Sq Ft    $53.85/SqFt

245 58th St               $79,900     1200 Sq Ft     $66.58/SqFt

4528 Grantwood      $80,000      1650 Sq Ft    $64.00/SqFt

74 Jonquil St SW      $82,900     1280 Sq Ft    $64.77/SqFt

4651 Brooklyn Ave    $99,900    1800 Sq Ft   $67.73/SqFt

3075 Paris Park Dr     $103,900   1711 Sq Ft   $60.72/SqFt

876 Bellewood Dr      $109,900   2282 Sq Ft  $48.16/SqFt

4072 Brookmeadow   $112,900   1978 Sq Ft  $57.08/SqFt

1570 Marwood Dr      $114,900   1686 Sq Ft  $68.15/SqFt

4361 Plymouth Ave   $119,900   2800 Sq Ft   $66.98/SqFt

1449 48th St SE         $119,900   2260 Sq Ft   $67.40/SqFt

2528 Mapleview Ct    $119,900   1992 Sq Ft   $60.19/SqFt

1456 54th St SE        $122,000   2125 Sq Ft   $57.41/SqFt

3615 Kalamazoo Ave  $124,900  2725 Sq Ft  $45.83/SqFt

5848 Valley Lane Dr   $129,900  2046 Sq Ft  $63.49/SqFt

1820 Pembroke St     $137,900  2224 Sq Ft   $62.01/SqFt

1889 60th St SE         $139,900   2436 Sq Ft   $57.43/SqFt

1260 44th St SE         $140,000   2877 Sq Ft   $65.91/SqFt

1160 Edsel St SE       $179,900   3128 Sq Ft    $62.51/SqFt

3350 SandyHook Ct   $194,900   2969 Sq Ft   $65.64/SqFt

Kentwood &  Wyoming have been hit hard by unemployment, auto-

motive plant shutdowns and loss of population. Short Sales are

extremely difficult for most home buyers to consider as a purchase.

Please keep in mind the time alone [3-9 months] of negotiating with

the banks makes it almost impossible for some buyers to consider.

Please note that this list can change daily as some homes

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

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

*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 view a Kentwood Top Best Buys Home,

please call 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

All information is subject to verification & no liability for

omission or error is assumed.

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Kentwood Michigan Open House Sunday Feb 28th – Bailey’s Grove 12- 2 pm

Kentwood Michigan Open House Sunday Feb 28th – Bailey’s Grove 12-2 pm

This tastefully decorated home is Open from 12 to 2 pm at:


family room 3592 meadow grove kentwood mi

This home has 6 bedrooms, 4 baths, a great open floor plan and finished

lower level.  The home sits on a wooded lot that borders on a nature

area in Bailey’s  Grove.    A finished lower level with game room, craft

room, bedroom with daylight windows and a full bath.

kitchen 3592 Meadow grove kentwood mi

A lovely gourmet kitchen with working island, large pantry, and all appliances

included. A main floor utility room and flex room with bath.        Video Link

Come and see this home this Sunday, Feb 28th 2010.  We will be waiting for you.

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Watermark Golf Course Home Open Sunday Feb 28, 2010 3-5pm

This  luxurious home on Watermark Golf Course is Open this Sunday,

February 28th from 3 to 5 pm.

Watermark Dr SE in Cascade Township, Grand Rapids Michigan

Nov. 2010 Update: this home has been withdrawn from the market.

great room 1698 watermark dr gr mi 49546

This photo shows the Great Room with fireplace, views of the golf course,

and access to the kitchen and eating area.  This home has 5 bedrooms

and 4 baths, a finished lower level with Game Room, Kitchen, Billiard

Room, Theatre Room, and Home Office.

game room 1698 watermark dr gr mi 49546

Situated on the 6th tee at prestigious Watermark Golf Course, you can

literally walk out your back door and start playing golf. Or just watch

your friends from the deck as they tee off

6th tee watermark country club grand rapids mi 49546

Video Link

Come out and see us Sunday – We will be waiting for you!

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

NW Grand Rapids Michigan Home

NW Grand Rapids Michigan Home

Update: This home has been withdrawn from the market.

This unique A Frame home on the northwest side of Grand Rapids has an

open floor plan, 3 bedrooms, 2 baths in 1923 finished square feet.

Front elevation(1)
The main floor has an open cathedral ceiling in the Great Room which is open

to the kitchen and upper loft. Large windows let in lots of natural light and a

brick wood burning fireplace adds lots of architectural appeal.

Fireplace loft(1)

Great Room
A large master suite with private bath upstairs just off a loft that

overlooks  the living area below.

Two bedrooms and full bath on the main floor. A  family room with

fireplace  on the walk out lower level that has sliding glass door to the

front of the home.

Family room(1)

An attached 2 car garage and a large utility laundry room are also on this

level.  A wrap around deck offers plenty of room for outdoor living and

entertaining in the warmer months.

Close to public and parochial elementary schools on the NW side,

John Ball Park & Zoo, Millenium Park, 3 golf courses, and downtown

Grand Rapids.

Oakleigh School GR MI West Side Christian school GR MI

Map picture

More information at Westbrook Realty

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Grand Rapids Michigan Real Estate: Foreclosures, Short Sales Dominate

Grand Rapids Michigan Real Estate:  Foreclosures, Short Sales Dominate

As the inventory of existing homes seeks a new normal, we find that the

distressed properties are a big portion of our market.  Following the trends

in this area can give us insight into the future. The following chart shows

how they affect our market every month. And I see some encouraging

information.

HUD home notice

Percentage of Foreclosures/Short Sales of Grand Rapids sold properties.

Short Sales and Foreclosures Grand Rapids mi 2009

Looking at the chart you can see that Foreclosures & Short Sales control

over 59% of our current market volume in January 2010 but the $ Dollar

percentage is only 44%. I am guessing the dollar percentage of total sales

will increase over time so the short sales and foreclosures will not have

as much of an effect on current  traditional (non-foreclosure + short sale)

sales.

Experts in the financial markets have written extensively about the increase

coming in the foreclosure market, last month figures were estimated to be

3 million or more homes that are facing foreclosure in U.S. in the next

6-12 months.

G R MI home

So, will a buyer always go for the distressed sale home over the traditional sale?

Apparently not.  We hear from our buyer clients over and over that they

DO NOT WANT TO DO REPAIRS or UPDATING. They want to purchase a

home and get on with their life – not devote 6 months to 12 months of their

spare time and money on painting, repairs and updating. If they can buy a

home that is in good condition and is a foreclosure or short sale home, great!

But that is not usually the case.


We have seen that banks are starting to do basic repairs and updates before

putting homes on our local market.  What a difference this makes to first time

buyers who don’t have money for extra repairs and updates.

_____________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263