Grand Rapids Forest Hills Waterfront Home is Very Affordable.

The average sold price in Forest Hills Waterfront homes

today is $325,000, which is based on all home sales in

the last 90 days.  Based on the same criteria, lets track

the Forest Hills Waterfront home average sold price every

month since the first of the year:

• January 31, it was: $514,000
• February 28, it was $400,000
• March 31, it was $450,000
• April 30, it was  $364,750
• May 31, it was $342,000
• June 30, it was: $211,472
• July 31, it was: $498,300
• Aug 31, it was $338,642
• Sept 30, it was $299,950
• Oct 31, it was $ 308,383

What this looks like is the average sold price has declined 40% since

the beginning of the year.  This may or may not be true for every home,

but prices are not going up yet.

Online today a 15-year fixed loan is being touted at 3.31%, 30 year loan

rate is 4%, as of today. 

The Bottom Line :

If you are considering purchasing a Forest Hills Waterfront home and

if you are going to get a loan, we have not seen a better buying condition

in our area in a very, very long time. Think at least a decade, if not more.

SEARCH FOREST HILLS HOMES

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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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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