Kentwood Michigan Real Estate Market Report Jan -June 2011

Posted on July 6, 2011 by Terry & Bonnie

Kentwood Michigan Real Estate Market Report Jan-June 2011

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

Kentwood home sales have recouped some of their value this year

though sales volume is down. We are still seeing some home price

reduction on homes in poor/dated condition. Good news for sellers,

Kentwood has decreased absorption rates as fewer homes are entering

the market, 60% less homes sold in 2010 than in 2009.

2011 Mid Year Kentwood STATS:

368 Active Listings for sale

124 Pending Home Sales

223 Sold Homes

$96,571 Average Sold Price

96.83% of List Price

Absorption Rate: 6.3 months

Home prices are still depressed in many areas of Kentwood

compared to a few years ago. The Absorption rate is a bit lower than

last year, which is a good sign.

Foreclosures and short sales are still affecting the average market price

in Kentwood. Home prices will be affected by the way banks handle their

home inventory that is still being held. If they take a measured approach

to putting these homes on the market, prices will not be affected as much

as if they dump the large home inventory they still hold on the market as

soon as possible.

More Kentwood Michigan Articles:

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Photo of Kentwood Public Library by Bonnie Westbrook

____________________________________________________________________________

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 Top Best Buy Homes June 2011

Posted on July 1, 2011 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes June 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $85-$90/ 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 and amenities should be similar.

The price should reflect the interior finish of the home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

June 2011 TOP BEST BUYS in Kentwood Michigan Homes

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

6976 Eastern Ave $79,900 936 Sq Ft $85.36/SqFt

2780 60th St $96,000 1080 Sq Ft $88.89/SqFt

259 68th St $99,900 1172 Sq Ft $85.24/SqFt

5261 Blaine Ave $99,900 1150 Sq Ft $86.87/SqFt

1718 Langley St $117,500 1365 Sq Ft $86.08/SqFt

4857 Marshall Ave $119,900 1380 Sq Ft $86.69/SqFt

4659 Summer Crk Ln $119,900 1392 Sq Ft $86.14/SqFt

3435 Meadow Lake Ct $124,900 1392 Sq Ft $89.73/SqFt

5733 E Grove Dr $126,900 1457 SqFt $87.10/SqFt

5058 Alyssum $127,900 1500 Sq Ft $85.27/SqFt

5762 Sugarberry $129,900 1460 Sq Ft $88.97/SqFt

4516 Northbury $129,900 1500 Sq Ft $86.60/SqFt

25882 Blooming Bud Ln $137,655 1554 Sq Ft $88.59/SqFt

3662 W Grove Dr $147,000 1386 Sq Ft $89.74/SqFt

5584 E Grove Dr $ 147,900 1736 Sq Ft $85.20/SqFt

3558 Raintree Ct $149,900 1692 Sq Ft $88.59/SqFt

5616 E Grove Dr $154,900 1812 Sq Ft $85.49/SqFt

1939 Hollow Creek Dr $159,000 1795 Sq Ft $88.58/SqFt

3428 Meadow Lake Ct $164,900 1897 Sq Ft $86.93/SqFt

2441 Whispering Mdw $174,900 1978 Sq Ft $88.42/SqFt

5727 W Grove Dr $179,900 2080 Sq Ft $86.49/SqFt

1931 Hollow Creek Dr $179,900 2000 Sq Ft $89.95/SqFt

2161 Stowe Valley $179,900 2056 Sq Ft $87.50/SqFt

7397 Misty View Ct $184,900 2072 Sq Ft $89.24/SqFt

3507 Long Grove Dr $189,000 2108 Sq Ft $89.66/SqFt

3445 N Meadow Grove $229,900 2602 SqFt $88.36/SqFt

3505 Birch Knoll $249,900 2796 SqFt $87.50/SqFt

51 Pending Sale homes last month

34 Sold Homes in Kentwood last month

Average sold price = $ 103,998

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, so funds for home repairs and

improvements are crucial.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you. Interest rates are still at record

lows and inventory is very affordable in Kentwood.

SEARCH FOR KENTWOOD HOMES

SEARCH KENTWOOD MI Short Sale & Foreclosure Homes

Kentwood Michigan Top Best Buy Homes May 2011

Posted on June 1, 2011 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes May 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $80-$90/ 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 and amenities should be similar.

The price should reflect the interior finish of the home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

Kentwood Michigan Top Best Buy Homes April 2011

MAY 2011 TOP BEST BUYS in Kentwood Michigan Homes

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

308 Farnham St $69,900 780 Sq Ft $89.62/SqFt

6976 Eastern Ave $79,900 936 Sq Ft $85.36/SqFt

311 Nora St $85,800 960 Sq Ft $85.08/SqFt

1242 Brookmark St $89,900 1000 Sq Ft $89.90/SqFt

43 Majestic St $89,900 1000 Sq Ft $89.90/SqFt

1629 Mapleview $89,900 1000 Sq Ft $89.90/SqFt

6453 Edgeknoll Ct $99,000 1157 Sq Ft $85.57/SqFt

259 68th St $99,900 1172 Sq Ft $85.24/SqFt

5261 Blaine Ave $99,900 1150 Sq Ft $86.87/SqFt

1055 Gentian Dr $99,900 1137 Sq Ft $87.86/SqFt

4659 Summer Crk Ln $122,500 1392 Sq Ft $88.00/SqFt

1319 Rye Grass Dr $123,000 1432 Sq Ft $85.89/SqFt

3435 Meadow Lake Ct $124,900 1392 Sq Ft $89.73/SqFt

5059 Alyssum $129,900 1500 Sq Ft $86.60/SqFt

4522 Country Hill $129,900 1512 Sq Ft $85.91/SqFt

4614 Morningside Dr $134,900 1540 Sq Ft $87.60/SqFt

2582 Blooming Bud Ln $137,655 1554 Sq Ft $88.59/SqFt

4734 Conductor $137,900 1580 Sq Ft $87.28/SqFt

5584 E Grove Dr $147,900 1736 Sq Ft $85.20/SqFt

3558 Raintree Ct $149,900 1692 Sq Ft $88.59/SqFt

2172 SummerBrook $149,900 1692 Sq Ft $88.59/SqFt

5616 E Grove Dr $154,900 1812 Sq Ft $85.49/SqFt

1939 Hollow Creek Dr $159,000 1795 Sq Ft $88.58/SqFt

2348 Meadow Lake Ct $164,900 1897 Sq Ft $86.93/SqFt

6494 Bentree Ct $169,900 1996 Sq Ft $85.12/SqFt

5311 S Elderberry Ct $169,900 1908 Sq Ft $89.05/SqFt

5727 W Grove Dr $179,900 2080 Sq Ft $86.49/SqFt

1931 Hollow Creek Dr $179,900 2000 Sq Ft $89.95/SqFt

3507 Long Grove Dr $189,000 2108 Sq Ft $89.66/SqFt

6907 Terra Cotta Dr $217,300 2481/SqFt $87.59/SqFt

99 Pending homes, 40 Sold Homes in Kentwood last month.

Average sold price = $ 106,353

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, so funds for home repairs and

improvements are crucial.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you. Interest rates are still at record

lows and inventory is very affordable in Kentwood.

SEARCH FOR KENTWOOD HOMES

SEARCH KENTWOOD MI Short Sale & Foreclosure Homes

Kentwood Michigan Top Best Buy Homes April 2011

Posted on April 26, 2011 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes April 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $70-$80/ 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 and amenities should be similar.

The price should reflect the interior finish of the home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

Kentwood Michigan Top Best Buy Homes March 2011

April 2011 TOP BEST BUYS in Kentwood Michigan Homes

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

6639 Eastern Ave $79,900 1128 Sq Ft $70.83/SqFt

51 Marcus St SW $84,500 1072 Sq Ft $78.82/SqFt

1339 Brookmark St $84,900 1170 Sq Ft $72.56/SqFt

1727 Weymouth Dr $104,900 1344 Sq Ft $78.05/SqFt

5730 Jefferson Ave $ 108,000 1392 Sq Ft $77.59/SqFt

128 Maplelawn St $119,000 1600 Sq Ft $74.38/SqFt

58 Matt St SW $119,900 1500 Sq Ft $79.93/SqFt

515 Brownell St $124,900 1708 Sq Ft $73.13/SqFt

824 59th St $125,000 1644 Sq Ft $76.03/SqFt

6756 Adrian Ave $139,900 1764 Sq Ft $79.31/SqFt

5732 Buchanan $140,000 1924 Sq Ft $72.77/SqFt

3626 Running Brk $140,000 1758 Sq Ft $79.64/SqFt

4821 Curwood Ave $144,900 1838 Sq Ft $78.84/SqFt

5297 Queensbury $149,900 2000 Sq Ft $74.95/SqFt

2264 Embro Ave $150,000 1988 Sq Ft $75.45/SqFt

5928 Timberlake $150,000 2070 Sq Ft $72.46/SqFt

4628 Middlebury $154,900 2016 Sq Ft $76.84/SqFt

5970 Sable Ridge $155,000 2047 Sq Ft $75.72/SqFt

6544 Avalon Dr $158,000 2016 Sq Ft $78.37/SqFt

3067 Creekway Ct $158,900 2000 Sq Ft $79.45/SqFt

5940 E Timberlake $159,900 2216 Sq Ft $72.16/SqFt

4949 Weatherstone Ln $169,900 2405 Sq Ft $70.64/SqFt

3340 Mesa Verde Ct $190,000 2626 Sq Ft $72.35/SqFt

10 Pending homes, 72 Sold Homes in the last month in this

price bracket in Kentwood. Average sold price = $ 123,436

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, which means you have to

have funds for home improvements.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you. Interest rates are still at record

lows and inventory is very affordable in Kentwood.

SEARCH FOR KENTWOOD HOMES

Kentwood Michigan Top Best Buy Homes March 2011

Posted on March 24, 2011 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes March 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $70-$80/ 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 and amenities should be similar.

The price should reflect the interior finish of the home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

Kentwood Michigan Top Best Home Buys Jan 2011

March 2011 18 TOP BEST BUYS in Kentwood MI Homes

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

1727 Weymouth Dr $104,900 1344 Sq Ft $78.05/SqFt

243 Buck Creek Ct $109,900 1500 Sq Ft $73.27/SqFt

128 Maplelawn St $119,000 1600 Sq Ft $74.38/SqFt

58 Matt St SW $119,900 1500 Sq Ft $79.93/SqFt

964 Bellewood Dr $124,900 1750 Sq Ft $71.37/SqFt

515 Brownell St $124,900 1708 Sq Ft $73.13/SqFt

1328 Marwood $130,000 1730 Sq Ft $75.14/SqFt

1773 60th St SE $134,900 1825 Sq Ft $73.92/SqFt

6756 Adrian Ave $139,900 1764 Sq Ft $79.31/SqFt

5732 Buchanan $140,000 1924 Sq Ft $72.77/SqFt

2264 Embro Dr SE $150,000 1988 Sq Ft $75.45/SqFt

3067 Creekway Ct $158,900 2000 Sq Ft $79.45/SqFt

1835 Jeffrey St SE $159,900 2216 Sq Ft $72.16/SqFt

5940 E Timberlake $160,000 2216 Sq Ft $72.20/SqFt

5970 Sable Ridge Dr $160,000 2047 Sq Ft $78.16/SqFt

2915 Mulford Dr $169,900 2246 Sq Ft $75.65/SqFt

4949 Weatherstone Ln $174,900 2405 Sq Ft $72.72/SqFt

3340 Mesa Verde Ct $190,000 2626 Sq Ft $72.35/SqFt

Pending 16 homes, Sold 3 Homes in last 6 weeks in this price

bracket in Kentwood.

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, which means you have to

have funds for home improvements.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you. Interest rates are still at record

lows and inventory is very affordable in Kentwood.

SEARCH FOR KENTWOOD HOMES

Grand Rapids Michigan Real Estate Market Report by School District 2007-2010

Posted on February 21, 2011 by Terry & Bonnie

Grand Rapids Michigan Real Estate Market Report by School District 2007-2010

Real Estate is always local. Grand Rapids is such a large metropolitan

area, the real estate market report for the whole area is not necessarily

true for your specific neighborhood. Some areas are growing and some

areas are shrinking in population. Hopefully this report will give you a

glimpse of the big Grand Rapids picture by looking at the suburban pieces.

sub

We have split the Grand Rapids area up by public school district,

to give a logical approach to this report. This is a macro neighborhood

report, not a micro report. Bear in mind, these are average home prices for

large areas, not specific neighborhoods.

Belding

2010 – $ 59, 747

2009 – $ 55,110

2008 – $ 71,758

2007 – $ 100,416

Byron Center

2010 – $ 157,555

2009 – $ 160,220

2008 – $ 185,707

2007 – $ 200,766

Caledonia

2010 – $ 151,199

2009 – $ 153,360

2008 – $ 163,983

2007 – $ 191,724

Cedar Springs

2010 – $89,116

2009 $ 85,493

2008 – $ 99,170

2007 – $128,705

Comstock Park

2010 – $109,471

2009 – $ 112,010

2008 – $114,348

2007 – $138,251

East Grand Rapids

2010 – $236,347

2009- $ 230,518

2008 – $ 224,625

2007 – $279,909

Forest Hills

2010 – $229,430

2009 – $ 224,558

2008 – $ 272,793

2007 – $ 267,817

Godfrey-Lee

2010 – $32,959

2009 – $ 33,834

2008 – $ 41,515

2007 – $ 71,748

Godwin Heights

2010 - $41,771

2009 – $ 42,149

2008 – $ 53,574

2007 – $ 91,708

Grand Rapids

2010 – $58,696

2009 – $ 58,936

2008 – $ 65,803

2007 – $ 99,233

Grandville

2010 – $130,843

2009 – $ 135,538

2008 – $ 144,222

2007 – $ 162,095

Hudsonville

2010 – $144,483

2009 –

2008 –

2007 –

Jenison

2010 – $121,783

2009 – $ 123,639

2008 – $ 131,184

2007 – $ 139,372

Kelloggsville

2010 – $57,605

2009 – $ 57,135

2008 – $ 70,897

2007 – $ 93,322

Kenowa Hills

2010 – $ 116,720

2009 – $ 116,917

2008 – $ 124,367

2007 – $ 151,869

Kentwood

2010 – $97,418

2009 – $ 100,561

2008 – $ 114,940

2007 – $ 141,804

Lowell

2010 – $131,349

2009 – $ 127,542

2008 – $ 135,123

2007 – $ 164,888

Northview

2010 – $120,368

2009 – $ 116,275

2008 – $ 148,128

2007 – $ 160,557

Rockford

2010 – $158,455

2009 – $ 157,624

2008 – $ 176,048

2007 – $ 198,416

Wyoming

2010 – $63,976

2009 – $ 67,784

2008 – $ 82,756

2007 – $109,009

After doing this report, we can certainly see why Grand Rapids

is one of the TOP 5 best places in the country to buy a home

at a reasonable price.

photo of Grand Rapids Children’s Museum by Bonnie Westbrook

SEARCH 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Top Best Home Buys Jan 2011

Posted on January 27, 2011 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes Jan 2011

A list of the TOP Best Buy 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 the home has crystal chandeliers, marble tile, new windows, new mechanicals

& a new kitchen, this would be more per square foot than a home that still

has pre-1980’s fixtures, decor and/or is in poor condition.

Kentwood Michigan Top Best Buy Homes Nov 2010

January 2011 16 TOP BEST BUYS in Kentwood MI Homes

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

1727 Weymouth Dr $104,900 1344 Sq Ft $78.05/SqFt

2592 Grantwood $105,000 1368 Sq Ft $76.75/SqFt

4576 Country Hill Dr $106,500 1392 Sq Ft $76.51/SqFt

4705 Grantwood $109,000 1454 Sq Ft $74.97/SqFt

128 Maplelawn St $119,000 1600 Sq Ft $74.38/SqFt

1142 59th St SE $119,900 1540 Sq Ft $77.86/SqFt

58 Matt St SW $119,900 1500 Sq Ft $79.93/SqFt

243 Buck Creek Ct $119,900 1500 Sq Ft $79.93/SqFt

2382 Sunny Creek $124,468 1750 Sq Ft $72.11/SqFt

964 Bellewood Dr $124,900 1750 Sq Ft $71.37/SqFt

515 Brownell St $124,900 1708 Sq Ft $73.13/SqFt

244 Buck Creek Ct $127,900 1785 Sq Ft $71.65/SqFt

5756 Adrian Ave $139,900 1764 Sq Ft $79.31/SqFt

5940 E Timberlake $158,500 2216 Sq Ft $71.53/SqFt

3067 Creekway Ct $158,900 2000 Sq Ft $79.45/SqFt

2915 Mulford Dr $169,900 2246 Sq Ft $75.65/SqFt

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, which means you have to

have funds for home improvements.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you. Interest rates are still at record

lows and inventory is very affordable in Kentwood.

Kentwood Michigan Real Estate Market Report Jan-Dec 2010

Posted on January 6, 2011 by Terry & Bonnie

Kentwood Michigan Real Estate Market Report Jan-Dec 2010

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

Kentwood home sales have recouped some of their value this year

though sales volume is down. We are still seeing some home price

reduction on homes in poor/dated condition. Good news for sellers,

Kentwood has decreased absorption rates as fewer homes are entering

the market, 60% less homes sold in 2010 than in 2009.

2010 Kentwood STATS:

370 Active Listings for sale

88 Pending Home Sales

555 Sold Homes

$108,777 Average Sold Price

109 Days Average Market Time

95.19% of List Price

Absorption Rate: 6.9 months

Synopsis: More homes were sold in 2010 than

in 2009 and the average sold price is slightly higher

than last year. The Absorption rate is also higher

than last year as homes take longer to sell.

Foreclosures and short sales are still affecting the

average market price in Kentwood, although the average

home sold price is up about 8% from 2009 prices. The

homes under $ 150K are seeing about 80% of the overall

sales. The homes over $250K are selling but at a slower

rate and with longer market time.

In 2007, Kentwood had 434 home sales: avg sold price:$151,009

In 2008, Kentwood had 722 home sales:avg sold price: $115,127

In 2009, Kentwood had 448 home sales: avg sold price:$100,561

In 2010, Kentwood had 555 home sales: avg sold price: $108,777

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Photo of Kentwood High School by Bonnie Westbrook

____________________________________________________________________________

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Top Best Buy Homes Nov 2010

Posted on December 17, 2010 by Terry & Bonnie

Kentwood Michigan Top Best Buy Homes Nov 2010

A list of the TOP Best Buy 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 the home has crystal chandeliers, marble tile, new windows, new mechanicals

& a new kitchen, this would be more per square foot than a home that still

has pre-1980’s accoutrements, decor and/or is in poor condition.

Kentwood Michigan Top Best Buy Homes Oct 2010

November 2010 22 TOP BEST BUYS in Kentwood MI Homes

Lowest prices/Sq Ft range from $39.25 to $59.30

Lowest list price – $ 55,000

Highest list price – $154,900

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

4486 Burgis Ave $55,000 1213 Sq Ft $45.34/SqFt

142 Regent St SE $59,900 1250 SqFt $47.92/Sq Ft

5910 Pine Vista St $62,500 1054 Sq Ft $59.30/SqFt

232 43rd St SE $64,900 1233 Sq Ft $52.68/SqFt

872 Tierra St SE $66,000 1406 Sq Ft $46.94/Sq Ft

373 60th St SE $68,000 1470 Sq Ft $46.26/SqFt

3750 Breton Rd SE $68,000 1650 Sq Ft $41.21/Sq Ft

2700 32nd St SE $69,900 1778 Sq Ft $39.31/Sq Ft

5393 Newcastle Dr $69,900 1781 Sq Ft $39.25/Sq Ft

3075 Paris Park Dr $72,900 1711 SqFt $42.61/SqFt

5518 Edgelawn Dr $75,000 1454 Sq Ft $51.58/Sq Ft

1449 48th St SE $84,900 1779 Sq Ft $47.72/Sq Ft

876 Bellewood Dr $94,900 2282 Sq Ft $41.59/Sq Ft

5724 Burgis Ave $99,900 1710 SqFt $58.42/SqFt

1717 Lockmere Dr $110,000 2050 Sq Ft $53.66/Sq Ft

1024 52nd St $113,000 1932 SqFt $58.49/SqFt

2198 Innwood Dr $118,000 2100 Sq Ft $56.19/Sq Ft

1718 Pembroke St $120,000 2604 Sq Ft $46.08/SqFt

4677 Crosswinds Dr $123,500 2200 Sq Ft $56.14/Sq Ft

2631 Mapleview St $124,900 2155 Sq Ft $57.96/Sq Ft

3255 Nature View $125,500 2688 Sq Ft $46.69/Sq Ft

1160 Edsel St SE $154,900 2878 SqFt $53.82/SqFt

****Underlined homes have had recent price reductions

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales. Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing. Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider. Foreclosures are “somewhat” easier

to purchase but many are sold as-is, which means you have to

have funds for home improvements.

The FHA 203K loan will allow you to roll some home improvement

costs into your home loan. If you have been considering a

Kentwood home purchase, ask us about how this loan can work

for you. Interest rates are still at record lows and inventory

is very affordable in Kentwood.

Caledonia Michigan Real Estate Neighborhood Market Report – Crystal Springs 2010

Posted on December 2, 2010 by Terry & Bonnie

Caledonia Michigan Real Estate Neighborhood Market Report – Crystal Springs 2010

Crystal Springs Development in Caledonia, Michigan is a large,

residential suburban housing development that was started in the

late 1980s and most construction was finished in the 1990s

although some newer homes have been built since 2000. There are

also a few vacant lots left to develop.

This development covers an area around Stonewater Golf Course

at Crystal Springs south of 68th Street to 72nd Street and encompassing

Kalamazoo Avenue on the east and west. This development has single

family homes and condos, many located right on Stonewater Golf Course.

The public school system is Kentwood, though the address is Caledonia.

Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,

Kentwood High School, and a short hop to M-6, which is the south beltline for

the Greater Grand Rapids area connecting US 131 on the west and I96 on the

east side of the city.

Jan-Dec 2010 Real Estate

Residential Market Report

Crystal Springs Neighborhood

Active Listings: 12 Active Listings

Average Price: $279,350

Price per Sq Ft: $111.21 (Main Floor only)

Average days on the Market: 75

PENDING: 4 homes

SOLD: 15 Sold Homes

Average Price: $ 210,133

Average Price Per Sq Ft: $ 96.48 (Main floor only)

Average Days on the Market: 116

Absorption Rate for Crystal Springs Listings is 9.6 months for the

current housing inventory. If no other homes enter the market,

it will take 9.6 months for the current homes to sell at the current

rate of sales.

Crystal Springs Homes that are priced competitively are selling.

Average list price is up and sold price is down from 2009. Sold homes are

nearly half of 2009 totals but have started to rebound late in the year.

The average sold price has fallen anther 10% from 2009 average sold

price.

Additional Crystal Springs Articles:

Watermark CC purchases Crystal Springs GC

Crystal Springs GC has a new look & a new name

Caledonia Michigan Real Estate Reports

Kentwood Michigan Real Estate Reports

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

_______________________________________________________________________________

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

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Category Archives: Kentwood Michigan Real Estate

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In 2007, Kentwood had 434 home sales: avg sold price:$151,009

In 2008, Kentwood had 722 home sales:avg sold price: $115,127

In 2009, Kentwood had 448 home sales: avg sold price:$100,561

In 2010, Kentwood had 555 home sales: avg sold price: $108,777

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Caledonia Michigan Real Estate Neighborhood Market Report – Crystal Springs 2010