East Grand Rapids Michigan Real Estate Market Report ~ June 2009

East Grand Rapids  

Units Sold  June 2009

Sales Price Graph (Includes Sold Homes Only) Quick Sheet for June 2009

East Grand Rapids Sale July 2009

Units Sold

East Grand Rapids Units Sold July 2009

Active Listings in East Grand Rapids as of July 1, 2009

(Not all homes may be shown due to map scale)

East Grand Rapids Homes for sale Map July 2009

Median Sold Price $202,500

Average days on Market 66

Percent Sold/List 92.11%

Current Inventory 159

Months Inventory 8.3

Average $ per Sqft. $99.08

Information is deemed reliable but not guaranteed.

If you would like to view a listed East Grand Rapids home, please contact me

at 616-292-7263 or email me at Terry@TerryWestbrook.com

Westbrook Realty  Grand Rapids Real Estate

Caledonia Michigan Real Estate Market Report ~ June 2009

Caledonia    June 2009     

Units Sold

Caledonia Units sold July 2009

Sales Price Graph (Includes Sold Homes Only) Quick Sheet for June 2009

Caledonia Sales Price Graph July 2009

Active Listings Mapped in Caledonia as of July 1, 2009

(Not all homes may be shown due to map scale)

Caledonia Active Lisitngs July 2009

Caledonia Michigan has plenty of homes for sale, current count is 166

active listings, ranging in price from $39,000 to $ 1,284,900.

Average List price is $ 327,393

Average Price/SqFt = $ 157.13

Average days on market is 128 days

If you would like to view a Caledonia Michigan home, please

contact us at 616-292-7263 or email: Terry@TerryWestbrook.com

Westbrook Realty Grand Rapids Michigan Real Estate

Information is deemed reliable but not guaranteed

Top Best Buy Homes Caledonia Michigan ~ July 2009

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

based on price per square foot.

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.

Caledonia MI homes for sale

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 $27.86 to $89.98 in Caledonia.

We are starting to see prices creep up and inventory go

down, so if you have been waiting for the best time to

buy in Caledonia, don’t wait much longer.

 

July 2009  BEST BUY Caledonia Homes

Highest list price is $299,900

Lowest list price is $39,900 

 

The Top 26 Caledonia Homes to Buy by Price per Square Foot:

9628 Morse Lake Ave   $ 144,900    2751 Sq Ft  $61.66SqFt

6929 Hammond Ave     $ 73,900     1624 Sq Ft  $45.50/SqFt

213 Johnson St SE       $ 139,900    1942 SqFt   $72.04/SqFt

9583 Scotsmoor Ct SE  $ 168,714     2140 Sq Ft  $78.84/SqFt

9615 Scotsmoor Dr SE  $ 180,000    2140 Sq Ft  $84.11/SqFt

 

8706 Alaska Ave SE      $219,900     3121 SqFt   $70.46/SqFt

2806 84th St  SE          $59,900     1028 Sq Ft   $58.27/SqFt

4684 84th St  SE          $114,900     1888 Sq Ft   $60.86/SqFt

1616 Crescent Pointe  $164,988     2174 Sq Ft   $75.89/SqFt

1790 South Park Dr     $ 249,990     3453 Sq Ft   $72.40/SqFt

 

2947 92nd St SE          $285,000     4158 SqFt     $68.54/SqFt

430 Greenridge Dr       $164,000     2073 Sq Ft   $79.11/Sq Ft

7695 92nd St SE         $117,900     2926 Sq Ft    $40.29/Sq Ft

7553 68th St SE         $ 56,900      1520 Sq Ft     $37.43/Sq Ft

8241 Alaska Ave        $129,900      1950 Sq Ft    $89.22/Sq Ft

 

5780 68th St             $159,900      1777 Sq Ft    $89.98/SqFt

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

8850 Vincent Ave      $299,900      5170 Sq Ft    $88.99/SqFt

5420 Whitneyville     $ 39,000       1400 Sq Ft    $27.86/SqFt

7356 48th St SE        $126,900     1692 Sq Ft    $75.00/SqFt

 

3940 68th St SE      $ 94,900       2247 Sq Ft     $80.70/SqFt

1648 Crescent Pte  $159,000     2047 SQ Ft     $77.67/SqFt

7007 Glen Creek    $224,900       3644 Sq Ft      $88.40/SqFt

470 S Shore Dr       $124,900       1400 Sq Ft      $89.21/SqFt

209 Terrace SE       $144,900       1650 Sq Ft     $87.82/SqFt

 

323 Johnson St      $239,900      3800 Sq Ft      $82.92/SqFt

 

*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 Top Best Buys Home, please

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

or email me at terry@terrywestbrook.com

Grand Rapids Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

All information is subject to verification & no liability for

omission or error is assumed

Grand Rapids Michigan Real Estate Market Report ~ Centennial Park Condos ~ July 2009

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the  Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

every level.  This community also has a clubhouse and restaurant for

members.

We have relocated several clients into this community and they find it a

wonderful place to live. Just minutes from 28th Street & Cascade shopping,

dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

golf bag, putter, hat and golf balls

                          Centennial Park Meadows Condos 

                             Real Estate Market Report

                                    July 2009

               0 For Sale,  0 Pending,  6 SOLD,

Centennial Condos Active Listings: 0

Centennial Condos Active Average Price $0

Centennial Condos Active average $/SqFt – $ 0

Centennial Condos Active average days on market – 0

Centennial Condos Sold Listings: 6

Centennial Condos Sold average price – $ 165,667

Centennial Condos Sold average $/SqFt – $ 95.71

Centennial Condos Sold average days on market – 161

 

The Absorption Rate for Centennial Park Condos is 0 months,

which means if no new listings come on the market, it will take

0 months for the existing condos to sell at the current rate

of sales.  This market is seeing sales and with no condos on the

market, it is difficult to say how long before they would sell.  With

the high number for sale over the winter, there may be sellers that

are waiting for a better market.

The average sold price is low for this area but higher than it was this

winter.

 

If you would like information about Grand Rapids – Cascade MI Condos

or Grand Rapids – Cascade MI Homes, please contact me directly.

If you would like this report emailed to your inbox every month, please

contact us.

Grand Rapids – Ada Real EstateWestbrook Realty

Copyright 2009  All rights reserved

photo of Golf Equipment by Bonnie Westbrook

Grand Rapids Michigan Real Estate Market Report ~ Quail Crest Condos ~ July 2009

The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township.  There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the late 1990’s.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance. Forest

Hills Public Schools are the school district,Watermark Country Club,

Forest Hills  & 28th Street shopping are a short distance away.

The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condos Entrance Cascade MI

  Quail Crest Condominiums Real Estate  Market Report 

                         July 2009

             13 For Sale, 2 Pending, 2 Sold

Quail Crest Condos Active Listings: 13

Quail Crest Condos Average Active Price – $218,331

Quail Crest Condos Average Active Price/SqFt – $ 149.22

Quail Crest Condos Average Active days on market 104

Quail Crest Condos Sold Listings: 2

Quail Crest Condos average sold price – $212,500

Quail Crest Condos average sold price/SqFt – $ 136.63

Quail Crest Condos average days on market – 236

 

The absorption rate for Quail Crest Condos is 19.69 months, which

means if no new listings come on the market, it will take 19.69 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s condo  buyers, or there is a glut of condos on

the market.  Prices are still dropping on average sold prices, though

the average list price has risen.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market.  That may be the route to take, if you can

play the role of landlord successfully.

 

Forest Hills MI Real Estate Market Report June 2009

 

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly.  We can

also have these monthly market reports emailed to your

inbox, just contact us.

Grand Rapids Ada MI Real Estate  – Westbrook Realty

Copyright 2009  All rights reserved

photo of Quail Crest Entrance by Bonnie Westbrook

Caledonia Michigan Crystal Springs Real Estate Market Report ~ June 2009

Crystal Springs ~ Kentwood Absorption Report June 2009

Crystal Springs Development in Caledonia, Michigan is a large, residential

suburban housing development that was started in the late 1980’s and

most construction was finished in the 1990’s although some newer homes

have been built since 2000. There are also a few vacant lots left to develop.

This development covers a large area around the 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 the Stonewater Golf Course.

The public school system is Kentwood, even 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.

Kentwood high school kentwood mi

                     June 2009 Real Estate

                    Residential Market Report

                    Crystal Springs Neighborhood

Active Listings: 28 Active Listings

Average Price: $267,893

Price per Sq Ft: $112.54 (Main Floor only)

Average days on the Market: 140

PENDING: 8 homes

SOLD: 13 Sold Homes

Average Price: $ 205,731

Average Price Per Sq Ft: $ 92.05 (Main floor only)

Average Days on the Market: 100

 

Absorption Rate for Crystal Springs Listings is 8 months for the

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

will take 8 months for the current homes to sell at the current

rate of sales.

Crystal Springs Homes that are priced competitively are selling.

As you can see by the statistics, the homes that have their price

per square foot under $100 are selling in about 3 months.

Many sellers have retired from the market and will try again in

the spring.  They might find a better buying market, but prices are

still on the downward trend.  With lower interest rates, this may

spur the local economy and put more buyers into the game.

 

Watermark CC purchases Crystal Springs GC

Crystal Springs GC has a new look & a new name

Caledonia MI June 2009 Real Estate Market Report

Top Best Buys Caledonia Michigan June 2009

Video Tour of Caledonia Michigan

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009     All rights reserved

photo of Kentwood High School Football Stadium by Bonnie Westbrook

Grand Rapids Michigan ~ Watermark Residences Market Report ~ June 2009

The Residences at Watermark are located on Watermark Golf Course  just

south of Cascade Road.   Yes, I play Watermark golf course every chance

I get.  Watermark is a premier course with friendly players.

It  has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

watermark residences entrance grand rapids mi

                              Watermark Residences

                 June 2009 Real Estate Market Report

For Sale: 6

There are 6 active Watermark Homes  currently on the market.

The median Watermark Homes current active price is $ 897,450

The average Watermark Homes current price per sq ft is $ 284.99

The average days on the market for active Watermark Homes is 149

The high price is $ 2,700,000 and the low price is $ 399,900.

Sold: 1

There has been 1 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 440,000

The average Watermark Sold Homes price per sq ft is $206.57

The average days on the market for Watermark Sold Homes is 73.

Pending: 1

Expired: 7

At the current rate of sales, we have a 18 month Absorption rate at the

Watermark Residences.  This means that it will take 18 months for the

current listed homes to sell based on the current rate of sales.

Watermark buyers don’t seem very interested at the present prices.

The listed avg. price/square foot is about $80 more than the only sale

so far this year.  The $2.7 million home does inflate the figures but

price/sq ft should be similar.  Summer has seen another sale here, but

overpriced homes just aren’t selling no matter where they are located.

 

Additional articles about Watermark Residences:

Watermark Residences May 2009 Market Report

Watermark Residences March 2009 Market Report

Watermark Country Club ~ Pool Time

 

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

terry@terrywestbrook.com

Grand Rapids – Ada Real Estate  – Westbrook Realty

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids Township Michigan Real Estate Market Report ~ June 2009

Current Absorption Rate for Grand Rapids Township homes is 8.8 months,

which means if no new listings come on the market, it will take 8.8 months

to sell the existing inventory of homes.  The average sold home price has

risen from last month.  Summer inventory is up compared to last month

and absorption rate is closer to normal levels.

If you want your Grand Rapids Township home to sell, it must  be in

tip top condition and priced to sell.

Meijer Gardens Entrance

There are 167 Active listings currently for sale.

The average List price is $ 316,177

Average List price $/SqFt  $145.57

113 Sold & Pending Grand Rapids Township Homes since 1-09

The average SOLD price is $ 248,640

Average Sold Price /SqFt  $118.41

High Sold Price $ 720.000

Low Sold Price  $  53,000

Grand Rapids Township MI Absorption Report May 2009

Grand Rapids Township MI Top Best Home Buys June 2009

 

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Grand Rapids -Ada Real EstateWestbrook Realty

Copyright 2009  All rights reserved

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

Forest Hills Michigan Real Estate Market Report ~ June 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills is actually a school district in AdaCascade MI. This market

is always active. These Grand Rapids suburban communities have

wonderful neighborhoods, some new and some older with Top Ranked

Forest Hills Public Schools, and private schools, such as Ada Christian

& St Roberts that attract  many home owners.

This report will cover the Feb 1, 2009  to June 30, 2009 real estate

market activity.

Forest Hills Eastern High school Ada Township MI

          Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 19.22 months, which means if no

new listings come on the market, it will take 19.22 months to sell the existing

$ 300K+ homes at the current rate of sale.  This rate is up from last

month, sold prices are still inching downward.  Inventory is ticking up, but

sales are holding fairly steady. Your Forest Hills home has a good chance

to sell if it is in good condition and priced correctly.

 

$300,000+ Homes

237 Active Forest Hills Listings

Average price of $611,882

Average price/square foot $198.88

Low price of $300,000

High price of $2,700,000.

Sold Forest Hills Listings 53

Average sold price $475,835

Average Sold price/sq ft $ 161.96

Lowest sold price $300,000

Highest sold price $1,325,000

Pending Listings 21

Forest Hills Active Listings $74,000 – $300,000

The Absorption rate for Forest Hills homes in this price range is 7.3

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 7.3 months to sell all current inventory.

This is up slightly from last month, but still within normal range.

 

Forest Hills Active Listings 219

Average Active  Price $207,556

Average Active Price/SqFt $117.88

Average Active Days on the Market  113

High Active Price $300,000

Low Active Price $74,900

Sold Forest Hills Listings 127

Average Sold Price  $189,179

Average Sold Price/sq ft $97.44

Average Sold Days on the Market 97 Days

High Sold Price  $300,000

Low Sold price is $53,000

Pending Sales 52

Market Synopsis: Although the absorption rate is one of the lowest in

the area, for the under 300K homes, this market area is still seeing

some slight reduction in average sold price and price per sq ft.  With

more active listings coming on the market this summer, this will not

help current inventory sell faster or for more money.

 

Forest Hills MI Top Best Buy Homes ~ June 2009

 Forest Hills Market Report May 2009

Forest Hills Michigan Public Schools Update 2009

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly:

email: terry@terrywestbrook.com

ph. 1-888-240-1968 x 0

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Lowell Michigan Real Estate Market Report ~ June 2009

Lowell Michigan Real Estate Absorption Report ~ June 2009

Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.

It has really grown in the last 20 years, in many ways. Lowell has a great

school system, a  thriving business community, a lively arts society, and

is one of the best kept secrets in Kent County.

These are the statistics for home sales in the Lowell School District.

Lowell MI Chamber of Commerce sign

Active Listings: 190 Active Listings

Average Price: $252,024

Price per Sq Ft: $129.48 (Main Floor only)

Average days on the Market: 169

PENDING: 31 homes

SOLD: 80 Sold Homes

Average Sold Price: $ 145,964

Average Sold Price Per Sq Ft: $ 86.91 (Main floor only)

Average Sold Days on the Market: 102

 

These stats are figured from Jan 1, 2009 to June 30, 2009

Absorption Rate for Lowell Listings is 10.2 months for the

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

will take 10.2 months for the current homes to sell at the current

rate of sales. This is getting closer to the normal range of 6-8 months.

Lowell Homes that are priced competitively are selling.

As you can see by the statistics, the homes that have their price

per square foot under $90 are seeing the most activity. There are

quite a few foreclosure or short sale homes which are bringing

down the average sales price and square footage rates lower than

they might normally be, but average list price is down slightly

and average sold price is up from last months stats.

Some sellers have retired from the market and will try again soon,

filling an already saturated market.

They might find a better buying market, but price is still king.

Today’s buyer is looking for a well priced bargain in great condition.

 

Lowell Michigan Real Estate Market Report May 2009

Lowell Michigan Top Best Buys June 2009

Lowell Michigan Real Estate Market Report April 2009

Lowell Michigan Real Estate Market Report March 2009

Video Tour of Lowell Michigan

 

If you would like additional information about Lowell

Area Homes, please contact me through email or my web site.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009     All rights reserved