Kentwood Michigan Real Estate Market Report Jan-Dec 2011

Kentwood Michigan Real Estate Market Jan-Dec 2011

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 MI 2011 sold homes chart

 Number of homes for sale has dropped in Kentwood by the end of 2011.

This should help recovery but sales is still lagging behind normal rates.

 

Kentwood MI 2011 home inventory chart

Months of inventory is way down also by the end of 2011, nearing normal

at the outside of 6 months.

 

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Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

any Kentwood home, please contact me.

Copyright 2012 All rights reserved

____________________________________________________________________________

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!

ar125812212017642 Kentwood Michigan Real Estate Market Report Jan  June 2011 ar125812218972939 Kentwood Michigan Real Estate Market Report Jan  June 2011 ar125812225271331 Kentwood Michigan Real Estate Market Report Jan  June 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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Kentwood Michigan Top Best Buy Homes July 2011

Kentwood Michigan Top Best Buy Homes July 2011

A list of the TOP Best Buy Kentwood Michigan Houses to buy,

based on $80-$90/ per square foot.   Price per square foot is a

great leveler, if two similar homes are listed at similar prices, their

price per square foot and amenities should be similar.

The price should reflect the interior finish of the  home. For example,

if the home has marble tile, new windows, new mechanicals & a new kitchen,

this would be more per square foot than a home that still has pre-1990’s

fixtures, decor and/or is in poor or tired condition.

 Kentwood Michigan Top Best Buy Homes May 2011

July 2011   TOP BEST BUYS in  Kentwood Michigan Homes

Top Kentwood MI Homes to Buy $80-$90 per Square Foot:

 

6676 Eastern Ave        $79,900      936 Sq Ft     $85.36/SqFt

5261 Blaine Ave          $99,900     1150 Sq Ft   $86.87/SqFt

5181 Breezefield  Ct   $100,000   1119 Sq FT   $89.77/SqFt

3276 Tallman Ave       $109,900     1232 Sq Ft   $89.20/SqFt

4622 Blaine SE             $117,900    1372 Sq Ft    $85.93/SqFt

4857 Marshall Ave       $117,900    1360 Sq Ft   $86.60/SqFt

934 Sluyter St               $119,900    1400 Sq Ft   $85.64/SqFt

3435 Meadow Lake Ct $124,900    1392 Sq Ft   $89.73/SqFt

5762 Sugarberry Dr      $129,900    1460 Sq Ft   $88.70/SqFt

5069 Alyssum Dr        $131,900    1487 Sq Ft   $88.70/SqFt

2582 Blooming Bud Ln $137,655    1554 Sq Ft   $88.59/SqFt

3558 Raintree Ct         $144,900     1692 Sq Ft   $85.64/SqFt

5616 E Grove Dr           $154,900     1812 Sq Ft   $85.49/SqFt

1939 Hollow Creek Dr  $159,000    1795 Sq Ft   $88.58/SqFt

2441 Whispering Mdw  $169,900    1978 Sq Ft  $85.89/SqFt

2161 Stowevalley Dr    $174,900     2056 Sq Ft    $85.07/SqFt

5727 W Grove Dr           $179,900     2080 Sq Ft    $86.49/SqFt

1931 Hollow Creek Dr   $179,900     2000 Sq Ft    $89.95/SqFt

3505 Birch Knoll Ct       $244,900     2796 Sq Ft    $87.59/SqFt

1265 Meadow Green    $285,000    3214/SqFt     $88.67/SqFt

52 Pending homes, 53 Sold Homes in Kentwood last month.

Average sold price = $ 101,979 down 4% from last month

Kentwood has been hit hard by the real estate downturn,

propelled by foreclosures and short sales.  Short Sales are

extremely difficult for most home buyers to consider as a

purchase due to timing.  Please keep in mind the time alone

[2-9 months] of negotiating with the banks makes it difficult

for some buyers to consider.  Foreclosures are “somewhat” easier

to purchase but many are sold as-is, so funds for home repairs and

improvements are crucial.

The FHA 203K loan will allow you to roll some home

improvement costs into your home loan. If you have been

considering a Kentwood home purchase, ask us about how

this loan can work for you.  Interest rates are still at record

lows and inventory is very affordable in Kentwood.

SEARCH FOR KENTWOOD HOMES

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More Kentwood Michigan Real Estate Articles

Home Buying Questions & Answers

If you would like to view a Kentwood Home, please call

1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

All information is subject to verification & no liability for omission

or error is assumed.

_____________________________________________________________________________________________________

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!

ar125812212017642 Kentwood Michigan Top Best Buy Homes May 2011 ar125812218972939 Kentwood Michigan Top Best Buy Homes May 2011 ar125812225271331 Kentwood Michigan Top Best Buy Homes May 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Kentwood Michigan Real Estate Market Report Jan -June 2011

Kentwood Michigan Real Estate Market Report Jan-June 2011

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.

kentwoodlibrarybldg thumb Kentwood Michigan Real Estate Market Report Jan Dec 2010

Kentwood home sales have recouped some of their value this year

though sales volume is down.  We are still seeing some home price

reduction on homes in poor/dated condition.  Good news for sellers,

Kentwood has decreased absorption rates as fewer homes are entering

the market, 60% less homes sold in 2010 than in 2009.

2011 Mid Year Kentwood STATS:

368 Active Listings for sale

124 Pending Home Sales

223 Sold Homes

$96,571 Average Sold Price

96.83% of List Price

Absorption Rate: 6.3 months

 

Home prices are still depressed in many areas of Kentwood

compared to a few years ago.  The Absorption rate is a bit lower than

last year, which is a good sign.

 

Foreclosures and short sales  are still affecting the average market price

in Kentwood.  Home prices will be affected by the way banks handle their

home inventory that is still being held.  If they take a measured approach

to putting these homes on the market, prices will not be affected as much

as if they dump the large home inventory they still hold on the market as

soon as possible. 

 

More Kentwood Michigan Articles:

SEARCH for Kentwood Michigan Homes

SEARCH for Bank Owned – Short Sale Kentwood Homes

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Copyright 2010 All rights reserved

Photo of Kentwood Public Library by Bonnie Westbrook

____________________________________________________________________________

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!

ar125812212017642 Kentwood Michigan Real Estate Market Report Jan Dec 2010 ar125812218972939 Kentwood Michigan Real Estate Market Report Jan Dec 2010 ar125812225271331 Kentwood Michigan Real Estate Market Report Jan Dec 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM