Caledonia Michigan Real Estate Market Report Jan-Dec 2010

Caledonia Michigan Real Estate Market Report  Jan-Dec 2010

Absorption rate for Caledonia MI Market is  currently 8.5 months

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

8.5 months for the current inventory to sell at the current

sales rate.  This stat has risen since last year, showing the slowdown

in home sales has hit Caledonia, as well as the rest of Grand Rapids.

snowcoveredfirtrees thumb Caledonia Michigan Real Estate Market Report – Jan Dec 2009

Active Listings – 166

Average List Price – $210,083

Sold Homes = 207

Pending Sales = 23

Average Sold Price = $181,509

Average Price /Sq Ft = $ 98.00

Sale Price to List Price = 95.66%

Average Square Feet = 1832

The Caledonia Market has more listings than this time last

year, by about 25%.  Inventory is high, as sales have slowed.

This is a great time to buy a Caledonia MI home, with low

interest rates, high inventory, and slow sales.  The experts tell

us there is a shadow inventory of foreclosures that will hit the

market sometime in the future.  Whether they dribble into the

market or hit it in huge floods, the downward pressure on prices

will likely prevail.

 

More Caledonia Michigan Articles:

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

Copyright  2011 All rights Reserved

Photo of Snow Covered Fir Trees by Bonnie Westbrook

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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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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