Top Home Buys Kentwood MI ~ January 2009

Posted on January 12, 2009 by Terry & Bonnie

We have gathered a list of the top Kentwood Homes

to buy. Please note that this list can change daily

as some homes sell, prices are adjusted and other homes

come on the market. Check back often or just subscribe

to our blog to get up-to-date local real estate information

that you want to know.

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The total square footage is noted here, although only the

main floors are used to figure price per square foot. The

lowest price/Sq Ft range from $30.22 to $57.71 here.

The lowest list price is $24,500 and the highest list price is

$182,635 for January 2009 BEST BUY Homes in

Kentwood.

Top Kentwood Homes to Buy by Price per Square Foot:

44 Violet St SW $ 38,700 774 Sq Ft $50.00/SqFt

114 Peony St SW $ 45,000 1489 Sq Ft $30.22/SqFt

62 60th St SW $ 60,000 1352 Sq Ft $44.38/SqFt

6654 Andale Ave SW $ 69,900 1248 Sq Ft $56.01/SqFt

1132 60th St SE $ 56,900 986 Sq Ft $57.71/SqFt

2179 32nd St SE $ 54,000 1197 Sq Ft $45.86/SqFt

3671 Kalamazoo SE $139,900 2652 Sq Ft $52.75/SqFt

50 Hyacinth St SW $ 24,500 740 Sq Ft $33.11/SqFt

124 Nancy St SE $ 25,200 800 Sq Ft $31.50/SqFt

978 52nd St SE $ 29,900 759 Sq Ft $39.39/SqFt

157 Nora St SE $ 33,000 999 Sq Ft $33.03/SqFt

56 58th St SE $ 48,000 992 Sq Ft $48.39/SqFt

4591 Burgis Ave SE $ 56,900 1488 Sq Ft $57.59/SqFt

136 Nancy St SE $ 59,000 1680 Sq Ft $35.12/SqFt

990 52nd St SE $ 69,900 1298 Sq Ft $53.85/SqFt

2705 Ridgemoor Dr $ 70,000 1505 Sq Ft $46.51/SqFt

2763 32nd St SE $ 83,900 1900 Sq Ft $51.92/SqFt

5693 Kalamazoo $ 93,600 1707 Sq Ft $54.83/SqFt

439 Pine Place St SE $ 99,850 1750 SqFt $57.06/SqFt

5818 Pinetree Ave $117,900 2200 SqFt $53.59/SqFt

1926 Waterbury Dr $155,000 3328 SqFt $55.36/SqFt

4533 Middlebury Dr $182,635 3453 SqFt $52.89/SqFt

190 56th St SW $ 39,900 1116 SqFt $35.75/SqFt

5754 Haughey Ave $ 75,000 1320 SqFt $56.82/SqFt

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present condition.*

If you would like a list of top best buys in your area, please

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Grand Rapids Beckwith Hills Two Story ~ Reduced Price

Posted on January 5, 2009 by Terry & Bonnie

dewberry-ct-frt-elevation-best-sm This home is in the desirable location of Beckwith Hills subdivision in

Northeast Grand Rapids, just west off the I96 expressway at Leonard.

This wonderful two story home at 1400 Dewberry Court NE has lots of

room for family activities.

Total finished square footage is 2638 of gracious living with a finished

lower level. The main floor has a large living room, family room, eat in

kitchen with a central island, main floor utility and half bath.

A deck off the sliding glass door to the dining area is convenient for

grilling and entertaining.

Three bedrooms up with a full bath, the master bedroom has a large

walk in closet. The finished lower level has a recreation room, full bath,

and study or home office, plus play area and additional storage.

1400 Dewberry Ct NE Grand Rapids MI home for sale

Offered at $ 169,900. MLS # 729848

Video Tour Link

For more information about this home, contact me directly at

1-888-240-1968 ext 2306

Elegant Living Available in East Grand Rapids MI

Posted on January 5, 2009 by Terry & Bonnie

East Grand Rapids Michigan 4 bedroom, 2.5 bath home with updated

amenities, decorated in a soft color palette, with many upgrades and extras

could be the home you return to after your long work day. This East Grand

Rapids all brick home has been lovingly maintained and kept up to date in

numerous ways.

3000 lake dr east grand rapids mi home for sale

A new recreation room with fireplace, two lower level bedrooms with daylight

windows and a newer full bath have been added to the lower level. And

extensive deck addition with pergola makes the back yard a wonderful place

to entertain friends and family in East Grand Rapids. A large enclosed porch

with a slate floor, solar window blinds, and a ceiling fan could be a fabulous

place to spend your evenings or weekends.

3000 Lake Dr SE East Grand Rapids mi home for sale

A large formal living room with fireplace, a dining room, a kitchen with central

island, a large laundry or craft room, a family room, a small den or office, a

half bath, and 2 bedrooms and a full bath are all on the main level. Many

rooms have recessed lighting, custom window treatments and soft updated

colors.

This home includes underground sprinkling, all appliances, and a one year

home warranty for buyers. Take a look at 3000 Lake Drive SE,

East Grand Rapids, you could decide to make elegant living your style

with this home.

3000 lake dr east grand rapids mi home for sale

Offered at $265,000 MLS # 729311

More information about this home can be seen at:

Kentwood Michigan Real Estate Market Report Dec 2008

Posted on January 5, 2009 by Terry & Bonnie

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings within

a 24.25 square mile area.

kentwood high school football stadium

The downward trend of the last few years in Kentwood home sales has been

continuing this year, with most of the fall due to foreclosures and bank owned

homes flooding the market with homes at bargain prices. The upper end

homes in Kentwood are sitting on the market, most at prices too high for

today’s buyer. Your list price has to be close to the sale price or your home

just doesn’t get serious buyer activity.

In 2006, Kentwood has 495 home sales – average sold price:$159,788.

In 2007, Kentwood had 434 homes sales – average sold price:$151,009.

In 2008, Kentwood had 722 home sales – average sold price: $115,127.

Home sales for Kentwood in the $70,000 to $150,000 price range

total of 140 selling in the third and fourth quarter of 2008.

Kentwood Absorption Rate for this price range is 12.26 months, at the

current rate of sale (which means if no new listings come on the market, it

will take 12.26 months to sell the listed homes).

Average Kentwood sold price: $116,503

Average Kentwood Sold Price per Sq Ft: $87.48

Average Kentwood List Price: $ 124,725

Average Kentwood List Price/SqFt: $ 97.90

Home Sales for Kentwood MI in the $150,000 to $400,000 Price Range

Third & Fourth Quarter Home Sales for Kentwood in this price range are 30.

Kentwood Absorption Rate for this price range is 35.6 months.

Average Kentwood Sold Price is $181,414

Average Kentwood Sold Price per Sq Ft is $101.66

Average Kentwood List Price: $ 186,727

Average Kentwood List Price/SqFt: $ 107.02

Kentwood MI Real Estate Market Report Oct 2008

Kentwood MI Real Estate Market Report November 2007

Kentwood MI Real Estate Market Report January 2008

If you would like additional information about Kentwood or

Grand Rapids Homes, please contact me directly. These free reports can

be emailed to your inbox, contact me to let me know your address and

which reports you are interested in.

Grand Rapids Ada Real Estate Five Star Real Estate LLC

photo of Kentwood High School Football Stadium by Bonnie Westbrook

Wyoming MI Absorption Report ~ Dec 15 2008

Posted on December 15, 2008 by Terry & Bonnie

Wyoming Michigan Real Estate Market Report

The Absorption Rate for Wyoming MI Homes is

7.3 months supply, which means that if no new

homes enter the market, it will take 7.3 months

to deplete the existing inventory of homes.

There are currently 161 Active Listings in

Wyoming.

Since July 1, 2008, there have been 133 SOLD

and Pending Wyoming MI Homes.

The high SOLD Price is $ 236,835, the low sold price is $ 53,000.

The average Sold Price is $ 96,754.

The average List Price is $ 100,627.

If you have questions about your Wyoming MI or Grand Rapids home,

please contact me directly.

Grand Rapids Ada Real Estate Five Star Real Estate

Grand Rapids Township Absorption Report ~ Dec 15, 2008

Posted on December 15, 2008 by Terry & Bonnie

Grand Rapids Township Current Real Estate Market Report

Current Absorption Rate for Grand Rapids Township homes is 10 months,

which means if no new listings come on the market, it will take 10 months

to sell the existing inventory of homes.

136 Sold and Pending Grand Rapids Township Homes since 7-1-08.

There are 196 Active listings currently for sale.

The average List price is $ 316,107.

The average SOLD price is $ 229,500.

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly.

Grand Rapids -Ada Real Estate – Five Star Real Estate

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

Should you Remodel Your Home or Move to…….??

Posted on December 15, 2008 by Terry & Bonnie

The Question of the Day: Do we Remodel or Move??

Dreaming of a back yard deck addition? Should you spend the money to

add it on or should you sell and look for a home with a deck already added?

Maybe you could get that extra bath since your teenager is in the bathroom

most of time.

The Wall Street Journal advises in this article: Questions you should

ask yourself before you hire a contractor or call a realtor.

So many things enter into the decision.

Sometimes it just gets down to:

Do you like the home you are in well enough to invest money into it?

Even knowing you may never get the investment back. You will enjoy the

improvements (a new deck) and you really don’t want to move. Your kids

like the school system, you are close to your elderly parents, so many

reasons to consider before you decide to remodel or move.

In this economy many contractors are more than anxious to talk to you

about improvements and the cost to complete your dream project may

never be lower. With the combination of lower interest rates, contractors

that are willing to complete projects for bargain prices, and the current

market in your area, it may be your best option to stay and invest in your

current home.

If you are contemplating a remodel, I would be happy to give you my

opinion on the return of investment for your home. This is just another

option to consider in your decision. Please contact me directly.

Grand Rapids -Ada Real Estate – Five Star Real Estate

E Grand Rapids MI Absorption Report ~ Dec 15, 2008

Posted on December 15, 2008 by Terry & Bonnie

Current Real Estate Market Report for East Grand Rapids MI

Absorption rate for East Grand Rapids MI housing market is currently

at 13.8 months, which means if no new listings come on the

East Grand Rapids market, it will take 13.8 months for the existing

home inventory to sell.

There are 142 active listings on the East Grand Rapids market now,

ranging from $70,000 to $4,000,000.

12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 449,900.

60 Sold Homes with sold prices ranging from $ 93,500 to $ 1,275,000

since June 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has been 2/3 of the sales

in the last six months.

If you have any questions about the value of your East GR home,

please contact me.

Grand Rapids Ada MI Real Estate ~ Five Star Realty

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Why Pricing Your Home is Soooo Crucial to Getting Top Dollar

Posted on December 2, 2008 by Terry & Bonnie

When we sit down with potential clients to list their home, there are so many issues

and hot buttons to discuss. Inevitably we come to the one where we really have to

agree to get the home sold quickly and for the most money.

P-R-I-C-E

Most homeowners want to start high and then come down – if they have to – to sell.

Of course, they are hoping their home is an exception, it will sell for more than the

market value of all the other homes in the area. We see this over and over again.

If you don’t price your home within the price bracket it will eventually sell for, you

are hurting your chances of selling it for top dollar. If you price your home correctly,

You are not giving away money!!

I repeat, YOU ARE NOT GIVING AWAY MONEY.

This phantom money that you think you might get if the one person comes along

who will do anything, pay anything to own your “special” home does not exist.

Let me repeat that –

The uneducated buyer with money falling out of their pockets, sprinkled in fairy dust,

so you can make the money you would like to out of your home sale —–

DOES NOT EXIST!!!

You are not letting go of money, you are letting go of the dream scenario where you

get the price that is 25-30% over market value. We have seen literally thousands of

home sales and it just isn’t going to happen.

What will happen, is your home will be posted on the MLS, online, many places where

buyers can look at it. Buyers then compare your price to others, and say, why would

I buy this house?? There are 10-15 others I can look at that are competitively priced

and look great.

Then…. they are gone.

They don’t come back and revisit your home as an option. Other homes are new on

the market to consider. Your home has been rejected as: too expensive, too

much work, not what they are looking for.

Buyer Activity on Listed Homes

The charts above illustrate the buyer trends we tell our sellers about. These

charts of buyer activity are on actual listings that are currently listed by us.

You can see that the first month is usually the only month that gets

high traffic.

Some of our sellers will listen, most don’t.

Sadly, two, six, eight months later, we are still trying to get them to agree to

the price they should be listed at, if they want their home to sell. Chasing this

downward price spiral is not the best way to get top dollar from your home.

When it first hits the market it has the most exposure and best chance of getting

the best price!

Have questions about pricing your Grand Rapids home?

Contact me directly at 1-888-240-1968 ext 0

Grand Rapids Ada Real Estate ~ Five Star Real Estate

East Grand Rapids MI Real Estate Market Report Nov 2008

Posted on December 2, 2008 by Terry & Bonnie

East Grand Rapids is a small city, population of 10,784 located just east of

Grand Rapids city limits. It has been a desired place to live in the Grand

Rapids area for many years. East Grand Rapids is primarily residential with

some commercial business areas. Many homeowners are attracted by

Reeds Lake which plays a prominent role in the community, its award

winning public school system, proximity to downtown Grand Rapids,

and its overall small town feeling.

East Grand Rapids is definitely a community that you can walk to school,

the ice cream store, or just around the tree lined blocks to visit the

picturesque lakes, Reeds Lake & Fisk Lake.

Homes range in all prices here in East Grand Rapids. There are small 3

bedroom bungalows and ranches that were built just before and after WWII,

there are mega-mansions built on the shores of Reeds Lake for wealthy

citizens, and all ranges in between.

Reeds Lake East Grand Rapids mi

RESIDENTIAL REAL ESTATE MARKET

EAST GRAND RAPIDS MI ~ November 2008

EAST GRAND RAPIDS Homes Listed at $850,000 +

EAST GRAND RAPIDS Active Listings:10

EAST GRAND RAPIDS Average Active Price: $1,743,800

EAST GRAND RAPIDS Sold Homes : 1

EAST GRAND RAPIDS Average Sold Price/SqFt: – $ 309.54

East Grand Rapids real estate market report Oct 2008

East Grand Rapids Homes Listed $450,000 to $ 850,000

East Grand Rapids Homes Active listings:32

East Grand Rapids Average Active Price: $ 608,003

East Grand Rapids SOLD Homes: 7

East Grand Rapids Average Sold Price: $ 522,143

East Grand Rapids Average Sold Price/SqFt: $ 152.57

EGR 450-850K $ per SqFt 11-08

EGR 300 -450K $ per SqFt Listings 11-08

Homes Listed $ 300,000 – $ 450,000

East Grand Rapids Homes Active Listings: 41

East Grand Rapids Average Active Price: $ 397,927

East Grand Rapids SOLD Homes: 17

East Grand Rapids Average Sold Homes Price: $ 354,441

East Grand Rapids Average Sold Price/SqFt: $ 135.91

EGR 200-300K Area Listings 11-08

Homes Listed $ 200,000 – $300,000

East Grand Rapids Active Listings: 25

East Grand Rapids Average Active Price: $ 264,604

East Grand Rapids SOLD homes: 34

East Grand Rapids Average Sold price: $231,003

East Grand Rapids Average Sold Price/SqFt: $ 123.61

Homes Listed $0- $200,000

East Grand Rapids Homes Active Listings: 39

East Grand Rapids Active Average Price: $ 164,454

East Grand Rapids SOLD Homes: 49

East Grand Rapids Sold Home Price: $156,774

East Grand Rapids Sold price/SqFt: $ 113.61

EGR 0-200K Area Listings 11-08

It is difficult to do a market synopsis for a housing area this broad.

East Grand Rapids homes in the lower values seem to be the most active,

especially under $200,000. This is still a very strong market in our

weakened economy but buyers are still looking for bargains. If you need

to sell your East Grand Rapids home, you will need to anticipate the new

buyers price threshold to sell your home in the current market, which seems

to be going down every month.

East Grand Rapids Market Report October 2008

East Grand Rapids Market Report Sept 2008

East Grand Rapids Market Report August 2008

If you have questons about your Grand Rapids or East Grand Rapids Home

in this market, please contact me directly.

Five Star Real Estate LLC

Reeds Lake photo by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Greater Grand Rapids MI Homes for Sale

Top Home Buys Kentwood MI ~ January 2009

Grand Rapids Beckwith Hills Two Story ~ Reduced Price

Elegant Living Available in East Grand Rapids MI

Kentwood Michigan Real Estate Market Report Dec 2008

Wyoming MI Absorption Report ~ Dec 15 2008

Wyoming Michigan Real Estate Market Report

Grand Rapids Township Absorption Report ~ Dec 15, 2008

Grand Rapids Township Current Real Estate Market Report

Should you Remodel Your Home or Move to…….??

The Question of the Day: Do we Remodel or Move??

E Grand Rapids MI Absorption Report ~ Dec 15, 2008

Current Real Estate Market Report for East Grand Rapids MI

Why Pricing Your Home is Soooo Crucial to Getting Top Dollar

P-R-I-C-E

I repeat, YOU ARE NOT GIVING AWAY MONEY.

DOES NOT EXIST!!!

Then…. they are gone.

East Grand Rapids MI Real Estate Market Report Nov 2008