Caledonia Michigan Real Estate Market Report Jan-Mar 2012

Caledonia Michigan Real Estate Market Report Jan-Mar 2012

grape hyacinths in bloom


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.

 

SEARCH CALEDONIA MI HOMES

 

SEARCH BANK OWNED SHORT SALE CALEDONIA HOMES

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  2012 All rights Reserved

_____________________________________________________________________________

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!

ar125812212017642 Caledonia Michigan Real Estate Market Report Jan–Dec 2011 ar125812218972939 Caledonia Michigan Real Estate Market Report Jan–Dec 2011 ar125812225271331 Caledonia Michigan Real Estate Market Report Jan–Dec 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM