East Grand Rapids Michigan Real Estate Absorption Report ~ April 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 11.29 months, which means if no new listings come on the

East Grand Rapids market, it will take 11.29 months for the existing

home inventory to sell.

There are 166 active listings on the East Grand Rapids market now,

up 26 from last month, ranging from $99,980 to $2,039,000.

 

20 Pending Home Sales w/ prices ranging from $ 99,900 to $ 499,000.

 

63 Sold Homes with sold prices ranging from $ 25,000 to $ 330,000

since Sept 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has seen 2/3 of the sales

in the last seven months.  With the current lowest list price at 99,900,

 it looks like the bargain basement days in EGR housing is phasing out.

 

East Grand Rapids March 2009 Absorption Report

East Grand Rapids December 2008 Absorption Report

If you have any questions about the value of your East GR home,

please contact me directly: 

ph 1-888-240-1968 ext 0

email:terry@terrywestbrook.com

 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Wyoming Michigan Ranch ~ Sale Pending

Can you  picture yourself in this well maintained Wyoming Michigan

Ranch home with cathedral ceilings, original refinished oak hardwood floors

in the living room dining room and hallway?

It also has newer laminate kitchen cabinets, neutral vinyl floors in the

kitchen.  All kitchen appliances, range, refrigerator, dishwasher, and

microwave are included with the home.

The bath has been remodeled with a new tub/shower unit, vinyl flooring,

and a new vanity cabinet with integral sink counter top.

The lower level recreation room has been dry walled  but needs to be taped

and seams finished, the ceiling has been prepped for finishing and the floors

have been freshly painted. The washer and dryer are in the lower level

laundry  area and are also included in the home sale. A Home Warranty

is included to protect against major repairs in the first year of home

ownership.

The spacious, privacy fenced back yard has a large 15′ by 15′ wooden

deck,  a 8′ by 18′ storage building and a children’s play set, all are

included with the home.

This wonderful home is located at 1029 Iowa Street  SW in

Wyoming Michigan, just around the corner from 40th Street Park.

1029 Iowa St SW Wyoming Mi home for sale

1029 Iowa St SW Wyoming Mi home for sale1029 Iowa St SW Wyoming Mi home for sale

40th Street Park Wyoming MI

All this for $79,900   ~   MLS # 721583       

More photos & video on our Website

 

 

If you would like further information about Grand Rapids or

Wyoming Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2008 All rights reserved

photos of 1029 Iowa St SW by Bonnie Westbrook.

Kentwood Michigan Real Estate Market Report ~ June 2009

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 high school kentwood mi

Kentwood home sales are still on a general downward trend

in price. Over 1/3 of Kentwood Homes Equity has dissolved in

the last 3 years, according to the current stats.

We are still seeing a small price erosion from last month’s figures,

again this month, though the spring activity is high.  Foreclosures are

still affecting the average market price here as Grand Rapids has seen

jobs disappear.

The homes under $ 150K in Kentwood are seeing about 70% of  the

overall sales of Kentwood homes.  The homes over $150K may be

priced too high for today’s timid buyers (many of them think prices

will erode still further) or it could be condition.  Your list price has to

be close to the sale price or your home just doesn’t get serious

buyer activity.  And if you still have the light blue carpeting,

you will need to upgrade or lower your price if you want to see a

sold sign this year.

In 2006, Kentwood has 495 home sales:avg sold price:$159,788

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

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

In 2009, Kentwood has had 462 home sales: avg sold price:$ 102,268

 

Home sales for Kentwood – Up to $149,999:

150 Active Listings with Avg price $ 126,875

139 sold since January 2009

66 Pending sales

Avg sold price   $96,722

Avg Days on Market – 88

 

Home sales for Kentwood$150,000 UP:

74 Active Listings with avg price of $ 189,463

25 sold since January 2009  Low: $150,000  High: $925,000

7 Pending Sales

Avg sold price $150K+  $204,449

Avg Days on Market – 143

66 Expired Listings with Avg DOM of 192 days

 

Kentwood Absorption Rate for this price range is 5.67 months,

at the current rate of sale (which means if no new listings come

on the market, it will take 5.67 months to sell the active listed

homes). This is down from last month, which is good news, though

the average prices on the lower end are still going down.  I would

assume this is due to bank foreclosures and short sales which have

driven down home price averages for most of Kentwood.

 

Kentwood Michigan Top Best Buy Homes June 2009

Kentwood Michigan Absorption Report May 2009

 

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

a specific Kentwood home, please contact me:

phone: 1-888-240-1968 ext 0

or email: Terry@terrywestbrook.com

Grand Rapids Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

East Grand Rapids Michigan Real Estate Market Report ~ June 2009

Current Real Estate Market Report For East Grand Rapids Michigan

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 12 months, which means if no new listings come on the

East Grand Rapids market, it will take 12 months for the existing

home inventory to sell.

There are 169 active listings on the East Grand Rapids market now,

up slightly from last month, ranging from $99,980 to $2,039,000.

32 Pending Home Sales

84 Sold Homes with sold prices ranging from $ 25,000 to $ 1,275,000

since Jan 1, 2009 in the East Grand Rapids housing inventory.

 

East Grand Rapids Homes  up to  $200,000

Active Listings – 34

Pending  – 15

Sold – 36  

Avg Sold Price – $ 137,382

 

East Grand Rapids Homes  $200,000 to $300,000     

Active Listings  -  46

Pending – 10

Sold -  23

Avg Sold Price – $  251,570

 

East Grand Rapids Homes $ 300,000 to $500,000

Active Listings -  52

Pending -  4

Sold  – 9

Avg Sold Price – $ 367,611

 

East Grand Rapids Homes  $ 500,001 ++

Active Listings  -  37

Pending – 3

Sold – 3

 

The lower end of this market (under $300K) has seen about 85 %

of the sales in the last six months.  With the current lowest list price

at $ 99,980,   it looks like the bargain basement days in EGR housing

is phasing out.  Almost  half of these sales have been over $ 100

a square foot.  Homes in the higher prices are selling, but much

slower than normal.  

 

East Grand Rapids Best Buy Homes June 2009

East Grand Rapids April 2009 Absorption Report

West Michigan Schools Ranked in Top US 1500

 

If you have any questions about the value of your East GR home,

please contact me directly:

ph 1-888-240-1968 ext 0

email:terry@terrywestbrook.com

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Caledonia Michigan Real Estate Market Report ~ June 2009

Current Caledonia MI Absorption Report

Absorption rate for Caledonia MI Market is  currently 12.75 months,

which means if no other homes come on the market, it will take

12.75 months for the current inventory to sell at the current

sales rate.  This stat is almost half of last month’s figure.

Ruehs Park Caledonia Michigan

There are 170 current active listings, from $39,000 to $1,284,900

in Caledonia MI.

The current average Caledonia home listed price is much higher

[about $323,358] than the average sold price [$181,175].

21 Pending Home Sales, and 59 Sold Homes since Jan 1, 2009.

The average sold price/Square foot is $ 95.30

Sold High $875,000   Sold Low – $34,000

There are 6 homes in million dollar + range listed, so this skews the

figures somewhat in the upper brackets.

The Caledonia market is much brisker this month.  Sales have doubled

this month over the previous 5 months sales total.  Newer and higher

end homes are selling, though over 1/3 of the sales were under $100

a sq/ft.  

Average sold price per square foot rose this month for the first time in

months. There are some excellent buys in Caledonia but they are

disappearing fast.  Don’t wait until they are gone.

 

Caledonia April 2009 Real Estate Market Report

Caledonia May 2009 Absorption Report

Caledonia Michigan Video Tour

Caledonia MI Top Best Buy Homes June 2009

 

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Grand Rapids  Ada Real Estate  ~ Westbrook Realty

Copyright  2009 All rights Reserved

Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook

Best Buy Homes Kentwood Michigan June 2009

We have gathered a list of the Top Kentwood Home

Buys.  Please note: This list can change daily as some

homes sell, prices are  adjusted and other  homes come

on the market. The homes listed below are probably

dated and would need updating with new carpeting,

paint, and kitchen-bath redos at a minimum to bring

them to current market standards. They might need major

repair work done, such as new roofs & mechanicals.

*Some of these homes may be bank owned foreclosures and

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

kentwood mi top best buys in homes 3-09

Check back often or just subscribe to our blog to get

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

The total square footage is noted here, although only the

main floors are used to figure price per square foot.  The

lowest prices/Sq Ft range from $25.25 to $55.93 in

Kentwood this month.

Homes on the list this month are still bargain

prices.   Kentwood & Wyoming have been hit hard by the

automotive shutdowns and subsequent job losses.

June  2009  BEST BUYS in  Kentwood Homes

The lowest list price is $34,900

the highest list price is $103,900

Top Kentwood Homes to Buy by Price per Square Foot:

6654 Andale SW       $ 60,000     1548 Sq Ft   $48.08/SqFt

2261 76th St SE        $ 49,900      1620 Sq Ft   $30.80/SqFt

6410 College Ave SE $ 90,000    1760 Sq Ft    $51.14/SqFt

1509 Kendall St         $59,900     1500 Sq Ft    $55.93/SqFt

 

3685 Giddings Ave     $69,900    1470 Sq Ft   $47.55/SqFt

1681 52nd St SE        $ 34,900    1382 Sq Ft   $25.25/SqFt

35  Maplelawn St SE  $ 39,900     792 Sq Ft    $50.38/SqFt

311 Nora St SE           $44,000     960 Sq Ft     $45.83/SqFt

 

2705 Ridgemoor Dr    $ 60,000    1505 Sq Ft   $39.87/SqFt

68 Nancy St SE           $74,900     1368 Sq Ft   $54.75/SqFt

1612 Sunny Creek      $82,500     2367 Sq Ft   $56.51/SqFt

3394 32nd St SE        $85,000     1696 Sq Ft   $50.12/SqFt

 

5034 Marwood Ct       $89,000     1968 Sq Ft   $45.12/SqFt

5393 Newcastle Dr     $90,000    2696 Sq Ft   $50.53/SqFt

439 Pine Place St        $99,850    1750 Sq Ft   $57.06/SqFt

1049 Springwood Dr  $99,900    2200 Sq Ft   $45.41/SqFt

 

5818 Pinetree Ave     $103,900   2200 Sq Ft   $47.23/SqFt

5713 Haughey Ave     $ 35,900   768  Sq Ft     $46.74/SqFt

5733 Averill Ave SW  $49,900     1096 Sq Ft   $45.53/SqFt

5772 Crippen Ave      $56,900     1200 SqFt    $47.42/SqFt

 

5810 Averill Ave         $64,000    1306 Sq Ft   $49.00/SqFt

5706 Averill Ave         $69,400    1350 Sq Ft   $51.41/SqFt

 

 

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

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

All information is subject to verification & no liability for

omission or error is assumed.

Best Buy Homes Grand Rapids Township Michigan June 2009

We have gathered a list of the top Grand Rapids Township Houses

 to buy based on price per square foot.  An added bonus, these

Grand Rapids Township Homes are in East Grand Rapids or

Forest Hills Public School system.  If you are new to the Grand Rapids

area, Grand Rapids Township taxes are lower than East Grand Rapids,

Grand Rapids, or Ada Township.

**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.

Meijer Gardens Entrance Grand Rapids Township MI

The total square footage is noted here, although only the

main floors are used to figure price per square foot.

Grand Rapids Township:

Lowest price per Sq Ft    $54.73

Highest price per Sq Ft   $157.75

June 2009  BEST BUY GR Township Homes

Highest list price is $ 139,900

Lowest list price is  $57,900

Top Best Buy GR Township Homes by Price per Square Foot:

 

 

4198 Knapp Ct            $ 57,900     1200 SqFt     $ 57.90/SqFt

2493 Dunnigan Ave     $74,000       1352 Sq Ft   $54.73/SqFt

2056 Galahad St         $104,900    1500 SqFt    $  87.42/SqFt

2847 Winesap Ave    $150,000    1505 Sq Ft   $ 96.33/SqFt

222 Elmer St               $109,900     1600 SqFt    $112.03/SqFt

68 Elmhurst Dr            $114,900    1322 SqFt    $114.90/SqFt

 

1874 Leffingwell          $119,900    1650 SqFt    $80.47/SqFt

3500 Vineyard Ave      $124,900     1347 SqFt    $113.55/SqFt

943 Patterson Ave       $129,900   1480 SqFt   $110.55/SqFt

4382 Knapp Ct NE       $130,000    1368 SqFt    $95.03/SqFt

1150 Farnsworth         $139,450    1600 SqFt    $157.75/SqFt

1039 Eastmont Dr        $139,900    1848 SqFt    $133.49/SqFt

 

In this area of Grand Rapids, as well as others, there are few

really great home bargains left on the market. If you have been

waiting for prices to start climbing and inventory to shrink, the

time appears to be here.

 

*Some of these homes may be bank owned foreclosures and

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

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

Best Buy Homes Rockford Michigan June 2009

We have gathered a list of the top Rockford Houses to buy

based on price per square foot.

Please note: This list can change daily as some

homes sell, prices are  adjusted and other  homes come

on the market. The homes listed below are probably

dated and would need updating with new carpeting,

paint, and kitchen-bath redos at a minimum to bring

them to current market standards. They might need major

repair work done, such as new roofs & mechanicals.

*Some of these homes may be bank owned foreclosures and

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

Check back often or just subscribe to our blog to get

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

rockford michigan top best homes for sale

The total square footage is noted here, although only the

main floors are used to figure price per square foot, even if

the basement is finished.

June 2009  BEST BUYS Rockford, Michigan.

The lowest list price is $ 32,000

The highest list price is $199,900

Lowest price/Sq Ft range from $35.71 to $74.15

The Top Rockford Homes to Buy by Price per Square Foot:

 

1656 10 Mile Rd NE        $ 32,000     896 Sq Ft    $35.71/SqFt

4812 Pettis Ave NE        $ 34,200      672 Sq Ft   $50.89/SqFt

5035 Bear Ave               $114,900    1629 Sq Ft   $70.53/SqFt

6452 Bella Vista Dr NE    $119,900   1848 SqFt   $64.88/SqFt

4853 Cannonsburg Rd   $133,900   2550 Sq Ft   $66.22/SqFt

 

4351 Porter Hollow Dr    $134,900   2000 Sq Ft  $67.45/SqFt

6674 Echo Dr NE            $149,900   2387 Sq Ft   $62.80/SqFt

5134 Corchel Hls NE     $199,900    2696 SqFt   $74.15/SqFt

7635 10 Mile Rd NE        $119,900   1832 Sq Ft   $65.45/SqFt

8596 Sunny Hours Trl   $189,000   4454 Sq Ft   $67.97/SqFt

 

9699 10 Mile Rd NE         $57,500     1162 Sq Ft   $49.48/SqFt

485 West River Dr        $86,000     1330 Sq Ft   $64.66/SqFt

6480 Belmont Ave NE    $ 89,900     1773 Sq Ft  $50.71/SqFt

1240 Buth Dr NE            $124,900   2609 Sq Ft   $62.86/SqFt

271 N Monroe St           $ 71,900    1510 Sq Ft   $47.62/SqFt

 

150 Northland Dr          $189,900    3100 SqFt   $70.33/SqFt

647 Highlander Dr NE   $199,320    3050 Sq Ft   $65.35/SqFt

 

There are still quite a few bargains to be had in the Rockford

area.   If you are thinking of buying in Rockford, now is the time

to be looking. The low priced homes are disappearing from the

market in other areas of Grand Rapids.

Don’t overlook the $8000 tax credit for first time home buyers.

This will be available for homes closed until November 30, 2009,

unless Congress extends it.  There is the possibility of using

the $8000 tax credit towards your down payment.

Contact me for details.

 

If you would like to view a Rockford Top Best Buys Home,

please contact us 1-888-240-1968 ext 0

or email terry@terrywestbrook.com

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Top Best Buy Homes East Grand Rapids Michigan June 2009

We have gathered a list of the top East Grand Rapids 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.

East Grand Rapids homes for sale

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

are used to figure price per square foot.

June 2009 BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $73.63 to $99.32

Highest List Price -  $274,950

Lowest List Price -  $132,900

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

 

2735 Richards Dr        $132,900    1400 Sq Ft   $94.93/SqFt

2610 Richards Dr        $ 133,000   1716 Sq Ft   $77.51/SqFt

1635 Breton Rd SE      $139,900    2300 Sq Ft   $73.63/SqFt

1408 Edgewood         $168,500    1874 Sq Ft    $89.91/SqFt

 

1063 Kenesaw Dr       $175,000    2162 SqFt    $99.32/SqFt

244 Morningside Dr     $179,900    1946 Sq Ft   $92.45/SqFt

2150 Anderson Dr      $209,900    3322 Sq Ft   $75.61/SqFt

3000 Lake Dr             $265,000    3346 Sq Ft    $79.19/SqFt

2470 Lake Dr SE        $274,950   3143 Sq Ft    $87.48/SqFt

 

Note: The bargains are fewer & prices appear to be getting more

expensive here in East Grand Rapids this month.   No homes

under $100K are listed this month, compared to one last month.

If you have been waiting for the right time to buy, don’t wait much

longer.  We are starting to see signs of the below appraisal home

 

prices seriously slowing in certain desirable areas, like East Grand

Rapids and Forest Hills.

*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

 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Top Best Buy Homes ~ Caledonia Michigan ~ June 2009

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

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 $43.05 to $79.11 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.

June 2009  BEST BUY Caledonia Homes

Highest list price is $285,000

Lowest list price is $59,900

The Top 20 Caledonia Homes to Buy by Price per Square Foot:

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

6937 McCords Ave        $ 59,900     1032 Sq Ft   $58.04/SqFt

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

10464 Patterson Ave   $ 74,900      1740 Sq Ft  $43.05/SqFt

7239 Kettle Lake Dr     $104,900     2000 Sq Ft  $73.36/SqFt

 

9390 92nd St SE          $108,300     1442 Sq Ft  $75.10/SqFt

9112 Enchantment Dr   $134,900    1910 Sq Ft  $70.63/SqFt

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

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

8500 Rainbows End Rd  $180,000   2372  SqFt   $75.89/SqFt

 

8706 Alaska Ave SE      $229,900     3121 SqFt   $73.37/SqFt

2806 84th St  SE          $64,900     1028 Sq Ft   $63.13/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     $ 259,999     3453 Sq Ft   $75.30/SqFt

 

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

572 145th Ave            $129,000     1836 Sq Ft   $70.26/SqFt

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

 

*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