Crystal Springs ~ Kentwood Absorption Report February 2009
Crystal Springs Development in Caledonia, Michigan is a large, residential
suburban housing development that was started in the late 1980’s and
most construction was finished in the 1990’s although some newer homes
have been built since 2000. There are also a few vacant lots left to develop.
This development covers a large area around the Stonewater Golf Course
at Crystal Springs south of 68th Street to 72nd Street and encompassing
Kalamazoo Avenue on the east and west. This development has single
family homes and condos, many located right on the Stonewater Golf Course.
The public school system is Kentwood, even though the address is Caledonia.
Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,
Kentwood High School, and a short hop to M-6, which is the south beltline for
the Greater Grand Rapids area connecting US 131 on the west and I96 on the
east side of the city.
February 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 25 Active Listings
Average Price: $255,554
Price per Sq Ft: $105.27 (Main Floor only)
Average days on the Market: 123
PENDING: 4 homes
SOLD: 24 Sold Homes
Average Price: $ 204,579
Average Price Per Sq Ft: $ 96.31 (Main floor only)
Average Days on the Market: 77
Expired: 36 Expired listings
Average Expired Price: $256,977
Average Price Per Sq Ft: $109.03 (Main floor only)
Average Days on the Market: 154
Absorption Rate for Crystal Springs Listings is 12.5 months for the
current housing inventory. If no other homes enter the market, it
will take 12.5 months for the current homes to sell at the current
rate of sales.
Crystal Springs Homes that are priced competitively are selling.
As you can see by the statistics, the homes that have their price
per square foot around $100 are selling in under 3 months.
Many sellers have retired from the market and will try again in
the spring. They might find a better buying market, but prices are
still on the downward trend. With lower interest rates, this may
spur the local economy and put more buyers into the game.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Caledonia MI Sept 2008 Real Estate Market Report
Kentwood MI Real Estate Market Report Oct 2008
Caledonia MI Crystal Springs Market Report Oct 2008
Caledonia MI Crystal Springs Market Report Nov 2008
Caledonia MI Crystal Springs Market Report Dec 2008
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
Grand Rapids MI Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
photo of Kentwood High School by Bonnie Westbrook
Clements Mill Active Listings: 7Average Active Price: $250,371Average Active Price/SqFt: $121.52Average Active Days on Market: 64 Clements Mill Sold Listings: 23Average Sold Price: $275,421Average Sold Price/SqFt: $122.27Average Days on Market: 103 Clements Mill Expired Listings: 12Average Expired Price: $263,408Average Expired Price/SqFt: $ 126.19Average Expired Days on Market: 165 Absorption Rate for Clements Mill homes is averaging1.9 sold homes per month for 2008/2009 to date.With 7 current listings, there is a 3.6 month supply. 
Adacroft Commons Active Listings: 0Adacroft Commons Active Price – $Adacroft Commons Active Price/SqFt – $Adacroft Commons Active Days on Market – Adacroft Commons SOLD Listings: 9Adacroft Commons average sold price – $ 165,222Adacroft Commons average sold price/SqFt – $97.49Adacroft Commons average sold days on market -78 Adacroft Commons Expired Listings: 10Adacroft Commons average expired price – $ 186,410Adacroft Commons average expired price/SqFt – $ 134.36Adacroft Commons average days on market – 110 There are no current homes for sale in Adacroft Commonslisted on the local MLS board. This is an extremely desirable areato live, with its close proximity to Forest Hills Central Middle &High Schools. In the above stats you can see the $20,000disconnect between sellers and buyers, or $36 /SqFt. on themain floor. If you would like to sell in this market, you have tobe priced at the current market price, not 2004 prices, IF you wantto sell your home. 
