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.
The downward trend of the last few years in Kentwood home sales
is still continuing this year. We are seeing a slight price erosion from
last month’s figures.
The upper end homes in Kentwood aren’t seeing the kind of activity
that the lower end homes are getting. They are priced too high for
today’s timid buyers or it could be condition. Your list price has to
be close to the sale price or your home just doesn’t get serious
buyer activity. And if you still have the brown shag carpeting, you
will need to upgrade or lower your price.
In 2006, Kentwood has 495 home sales:avg sold price:$159,788.
In 2007, Kentwood had 434 homes sales: avg sold price:$151,009.
In 2008, Kentwood had 722 home sales:avg sold price: $115,127.
Home sales for Kentwood – $70,000 to $150,000 price range:
95 sold since September 2008.
Kentwood Absorption Rate for this price range is 7.68 months,
at the current rate of sale (which means if no new listings come
on the market, it will take 7.68 months to sell the listed homes).
146 Active Kentwood Listings $70K- $150K
Average Kentwood sold price: $112,522
Average Kentwood Sold Price per Sq Ft: $84.57
Average Kentwood List Price: $ 123,717
Average Kentwood List Price/SqFt: $ 98.58
Kentwood Home Sales – $150,000 to $400,000 Price Range
27 Sold Homes since September 1, 2008
Kentwood Absorption Rate for this price range is 17 months.
Average Kentwood Sold Price is $179,048
Average Kentwood Sold Price per Sq Ft is $89.38
Average Kentwood List Price: $ 187,977
Average Kentwood List Price/SqFt: $ 107.37
Kentwood MI Real Estate Market Report Dec 2008
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.
Grand Rapids Ada Real Estate Five Star Real Estate LLC
Copyright 2009 All rights reserved
photo of Kentwood High School Football Stadium by Bonnie Westbrook
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. 
