East Grand Rapids Michigan Real Estate Market Report Jan-Dec 2010
East Grand Rapids is a community of homes priced from the
low $100,000’s to over $2,000,000 with the majority of homes
selling from $120K to $400K. Since this is such a large spread
it is difficult to produce true averages, so take that in consideration
with the following statistics.
2010 EGR STATS:
107 Active Listings for sale
10 Pending Home Sales
172 Sold Homes
$256,760 Average Sold Price
111 Days Average Market Time
94.47% of List Price
Absorption Rate: 7 months
Synopsis: 25% Fewer homes were sold in 2010 than
in 2009, though the average sold price is similar to
last year and the Absorption rate is slightly higher.
Demand for East homes is still high and the turnover
rate is better here than many other areas of metro GR.
Overall, a good year for buyers in East GR.
East Grand Rapids Real Estate Market Reports
East Grand Rapids Michigan ~ America’s Hometown
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263