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Caledonia Michigan Real Estate Market Report April-Sept 2012

2012 2nd & 3rd Quarter Real Estate Market Activity

Current Active Listings = 83

Average List price – $274,755

Average Time on Market = 80-90 days

Average Sold Price = $ 183,328

Absorption Rate = 2.9 months

Caledonia real estate has seen an increase in sales price

and shrinking inventory. Prices have risen and many who were

waiting on the sidelines are back in the selling market. The absorption

rate is down from 4.6 months in the first quarter to 2.9 months in the

last 2 quarters. All signs of a definite recovery for Caledonia real estate

for the main buying and selling period this year.

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If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

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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. We believe: Grand Rapids is a Great Place to Live!

Contact Terry 616-292-7263

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Caledonia Michigan Real Estate Market Report Jan-Mar 2012

2012 First Quarter Real Estate Market Activity

Caledonia Current Listings = 107

Average Sale price – $158,704

Average Time on Market = 3.3 months

Average Sold Price/Sq Ft = $ 88.49

Absorption Rate = 4.6 months

Caledonia real estate has seen an almost 10% decrease in

average list price to sold price since the first of the year. Even

though housing inventory is shrinking, prices haven’t made a

recovery yet. Average time on the market is back in the normal

range, even though it may take several months for sellers to

reach their sale price.

Average sale price is somewhat misleading in the Caledonia

market, where sold homes range from $850,000 to $25,000.

We are still waiting to see how the foreclosures and bank owned

houses still not listed will re-enter the marketplace. If they are

released slowly back onto the market, prices may hold steady.

If these homes are dumped back on the market, en mass, this will

lead to further price erosion for all homes.