Rockford Michigan Real Estate Market Report Jan – June 2011

Posted on July 8, 2011 by Terry & Bonnie

Rockford Michigan Real Estate Market Report Jan-June 2011

Rockford is a northern suburb of Grand Rapids, about 15-20 minutes

by freeway from the center of the city. It is a small town on the Rogue

River with an excellent public school system and diverse businesses and

resources. It is a popular Grand Rapids suburban area that many like

to call home.

351 Active Rockford MI Listings

Pending Home Sales: 91

Sold Rockford Homes: 208

Average sold price $ 188.014

Sale Price to List Price – 96.%

Absorption Rate : 7 months

Housing sales in Courtland Township, Algoma Township and City

of Rockford are included in this report. Rockford’s housing market which

ranges $60,000 at the low end to over a $1 million at the high end.

The average sold home has increased in value from 2010 figures and

sold activity in Rockford seems to be up. So far, so good.

The real story of this year’s real estate story is held by the banks.

The bank owned inventory is very high and hasn’t been coming on the

market at the rate it has in the last few years. This has allowed the

housing market a brief reprieve this year and seen home prices increase

slightly because of a lack of distressed home inventory.

If you have any questions about Rockford or Grand Rapids

MI homes, please contact me directly: 1-616-292-7263 or

email: terry@terrywestbrook.com

More Rockford Articles:

SEARCH FOR ROCKFORD MICHIGAN HOMES

SEARCH for Rockford MI Bank Owned –Short Sale Homes

Rockford Michigan Real Estate Market Reports

Rockford Michigan Video Tour

Photo of Lake Bella Vista sunset 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Rockford Michigan Real Estate Market Report Jan-Dec 2010

Posted on January 10, 2011 by Terry & Bonnie

Rockford Michigan Real Estate Market Report Jan-Dec 2010

Rockford Michigan is a northern suburb of Grand Rapids, about

15-20 minutes by freeway from the center of the city. It is a small

town on the Rogue River with an excellent public school system and

diverse businesses and resources. The real estate picture for 2010

was not one of growth but 464 people bought homes in Rockford,

making it one of Grand Rapids most popular suburbs.

334 Active Rockford MI Listings

Absorption Rate : 9 months

Sold Rockford Homes: 464

Average sold price $ 162,135

Average Sold Price/SqFt $111.00

Housing sales in both Courtland Township, Algoma

Township and City of Rockford were down about 35-38%

from 2009 figures, though average prices were slightly higher.

Inventories will probably increase with the spring market and

buyers will have their pick of the best homes for sale, though

prices seem to be ticking up.

It is imperative that you have your home in great condition

and priced correctly, over-priced homes and tired looking homes

will not sell for top dollar in this buyer’s market. Good buys can

be had in all segments of Rockford’s housing market, which ranges

from over a million to $60,000 at the low end.

If you have any questions about Rockford or Grand Rapids

MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Rockford Michigan Real Estate Market Reports

Rockford Michigan Video Tour

Photo of Lake Bella Vista sunset 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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Rockford Michigan Real Estate Market Report ~ June 2009

Posted on July 1, 2009 by Terry & Bonnie

Current Real Estate Market Report ~ Rockford Michigan ~ June 2009

Current Absorption Rate for Rockford Michigan is 7.5 months

on average, which means if no new listings come on the market,

it will take 7.5 months to sell current inventory. This is a

50%. decrease from last month, so inventory is selling.

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes less than $200,000 since May 1, 2009 sold prices appear

to be still declining slightly, even though 126 homes sold in

Rockford Public School District last month. Foreclosure & bank

owned homes could be tipping the figures downward.

The over $200K market has taken a 15% decrease in average

sold price from last month.

255 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 40

Pending Rockford Homes: 57

Average sold price $ 128,688

High Sold price $190,000

Low Sold price $46,200

Average Sold Price/SqFt $94.67

Over $ 200,000 Rockford MI Homes

220 Active Rockford MI Listings

Sold Rockford Homes 15

Pending Rockford Homes 14

Average Rockford List Price: $ 365,519

Average Rockford Sold Price: $ 255,261

Average Sold Price/SqFt $ 140.45

High Sold Price $ 410,000

Low Sold Price $200,000

Inventories have increased with the spring market and sales are

starting to take off in Rockford over the last 2 months. The absorption

rate is 7.5 months which is a normal market range for our area.

It appears that smaller homes are selling faster because the price

per sq ft has gone up while the average sale price has declined by

15% from last months report. It is important that you have your

home in great condition and priced correctly. Over-priced homes

will not sell in this buyer’s market.

If you have any questions about Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Rockford Michigan Real Estate Market Report ~ May 2009

Rockford Michigan Real Estate Market Report ~ April 2009

Rockford Michigan Real Estate Market Report ~ March 2009

Rockford Michigan Top Best Home Buys ~ June 2009

Rockford Michigan Video Tour

Grand Rapids -Ada Real Estate – Westbrook Realty

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook

Rockford Michigan Real Estate Market Report ~ May 2009

Posted on May 27, 2009 by Terry & Bonnie

Current Absorption Report ~ Rockford Michigan ~ May 2009

Current Absorption Rate for Rockford Michigan is 15 months

on average, which means if no new listings come on the market,

it will take 15 months to sell current inventory. This is a small

decrease from last month. If you aren’t serious about selling

your Rockford home, don’t put it on the market. If you have

to sell, it must be priced correctly and be in excellent condition

with the huge inventory available, buyers can be very picky.

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes Less than $200,000 Since Jan 1, 2009 sold prices appear

to be still declining, even though 161 homes sold in

Rockford Public School District last month.

The over $200K market is rising in homes inventory but average

price per square foot seems to be stabilizing at $130/SqFt

258 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 84

Pending Rockford Homes: 45

Average sold price $ 132,396

High Sold price $196,330

Low Sold price $40,000

Average Sold Price/SqFt $88.36

Over $ 200,000 Rockford MI Homes

232 Active Rockford MI Listings

Sold Rockford Homes 27

Pending Rockford Homes 5

Average Rockford List Price: $ 353,298

Average Rockford Sold Price: $ 308,656

Average Sold Price/SqFt $ 130.00

High Sold Price $ 585,000

Low Sold Price $200,000

Inventories have increased with the spring market and sales are

starting to take off in Rockford over the last month. The absorption

rate is 15 months, at least 6–9 months longer than a normal market .

It is imperative that you have your home in great condition and priced

correctly. Over-priced homes will not sell in this buyer’s market.

If you have any questions about a Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Rockford Michigan Absorption Report ~ April 2009

Rockford Michigan Absorption Report ~ Feb 2009

Rockford Michigan Absorption Report ~ January 2009

Rockford Michigan Top Best Home Buys ~ April 2009

Grand Rapids -Ada Real Estate – Westbrook Realty

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook

Best Home Buys Rockford Michigan ~ May 2009

Posted on May 20, 2009 by Terry & Bonnie

We have gathered a list of the top Rockford Houses to buy

based on price per square foot.

Please note: This list can change daily as some

homes sell, prices are adjusted and other homes come

on the market. The homes listed below are probably

dated and would need updating with new carpeting,

paint, and kitchen-bath redos at a minimum to bring

them to current market standards. They might need major

repair work done, such as new roofs & mechanicals.

*Some of these homes may be bank owned foreclosures and

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

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

rockford michigan top best homes for sale

The total square footage is noted here, although only the

main floors are used to figure price per square foot, even if

the basement is finished.

May 2009 BEST BUYS Rockford, Michigan.

The lowest list price is $ 71,900

The highest list price is $200,000

Lowest price/Sq Ft range from $47.82 to $74.77

The Top Rockford Homes to Buy by Price per Square Foot:

271 N Monroe St $ 71,900 1510 Sq Ft $47.62/SqFt

6480 Belmont Ave NE $ 98,600 1773 Sq Ft $55.61/SqFt

5027 10 Mile Rd NE $102,000 1685 Sq Ft $60.53/SqFt

7041 S Cannon Place $110,000 1514 Sq Ft $72.66/SqFt

5035 Bear Ave $114,900 1629 Sq Ft $70.53/SqFt

7635 10 Mile Rd NE $119,900 1832 Sq Ft $65.45/SqFt

1240 Buth Dr NE $124,900 2609 Sq Ft $62.86/SqFt

4853 Cannonsburg Rd $134,900 2550 Sq Ft $66.72/SqFt

4351 Porter Hollow Dr $134,900 2000 Sq Ft $67.45/SqFt

6674 Echo Dr NE $149,900 2387 Sq Ft $62.80/SqFt

6845 Rex Dr $159,900 2340 Sq Ft $68.33/SqFt

8596 Sunny Hours Trl $189,000 4454 Sq Ft $67.97/SqFt

5134 Corchel Hls NE $200,000 2696 SqFt $74.18/SqFt

647 Highlander Dr NE $199,320 3050 Sq Ft $65.35/SqFt

There are still quite a few bargains to be had in the Rockford

area. We are seeing home inventory shrink and the

“super” buys are disappearing from the market. If you are

thinking of buying in Rockford, now is the time to be looking

seriously.

Don’t overlook the $8000 tax credit for first time home buyers.

This will be available for homes bought until December 2009,

unless Congress extends it. There is the possibility of using

the $8000 tax credit towards your down payment.

Contact me for details.

If you would like to view a Rockford Top Best Buys Home,

please contact us 1-888-240-1968 ext 0

or email terry@terrywestbrook.com

Grand Rapids Ada Real Estate ~ Westbrook Realty

Rockford Michigan Real Estate Market Report April 2009

Posted on April 24, 2009 by Terry & Bonnie

Current Absorption Report ~ Rockford Michigan ~ April 2009

Rockford Michigan Real Estate Market Report March 2009

Current Absorption Rate for Rockford Michigan is 24.69 months

on average, which means if no new listings come on the market,

it will take 24.69 months to sell current inventory. This is a

slight increase since last month. If you don’t need to sell

your Rockford home, don’t put it on the market. If you have

to sell, it must be priced correctly and be in excellent condition

with the huge inventory available, buyers can be picky.

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes Less than $200,000 Since Oct 1, 2008 sold prices are

still declining, even though 20 homes sold last month in Rockford

Public School District.

The over $200K market is starting to rise in average price and

price per square foot over the last month, though inventory is

still very high.

204 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 87

Average sold price $ 135,626

High sold price $196,330

Low sold price $40,000

Average Sold Price/SqFt $87.67

Over $ 200,000 Rockford MI Homes

159 Active Rockford MI Listings

Sold Rockford Homes 16

Average Rockford List Price: $ 352,855

Average Rockford Sold Price: $ 346,500

Average Sold Price/SqFt $135.57

High Sold Price $ 515,000

Low Sold Price $200,000

Inventories are increasing with the spring market and sales are

slowing in Rockford over the last 7 months. The absorption

rate is extremely high at 24.69 months. It is imperative that you

have your home in great condition and priced correctly. Over-priced

homes will not sell in this buyer’s market.

If you have any questions about a Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Rockford Michigan Absorption Report ~ Feb 2009

Rockford Michigan Absorption Report ~ January 2009

Rockford Michigan Top Best Home Buys ~ April 2009

Grand Rapids -Ada Real Estate – Westbrook Realty

Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook

Rockford Michigan Absorption Report ~ March 2009

Posted on March 18, 2009 by Terry & Bonnie

Rockford Michigan Real Estate Market Report March 2009

Current Absorption Rate for Rockford Michigan is 25.58 months

on average, which means if no new listings come on the market,

it will take 25.58 months to sell current inventory.

Rockford Public Library Rockford MI

The under $200K market is moving faster than the over $200K.

Homes Less than $200,000 Since Sept 1, 2008

208 Active Rockford MI Listings under $200,000

Sold Rockford Homes: 67

Average sold price $ 144,596

High sold price $200,000

Low sold price $40,000

Average Sold Price/SqFt $91.09

Over $ 200,000 Rockford MI Homes

163 Active Rockford MI Listings

Sold Rockford Homes 20

Average Rockford List Price: $ 348,502

Average Rockford Sold Price: $ 314,293

Average Sold Price/SqFt $124.52

High Sold Price $ 515,000

Low Sold Price $200,000

Inventories are increasing with the spring market and sales are

slowing in Rockford over the last 6 months. The absorption

rate is extremely high at 25.58 months. It is imperative that you

have your home in great condition and priced correctly. Over-priced

homes will not sell in this buyer’s market.

If you have any questions about a Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Grand Rapids -Ada Real Estate – Five Star Real Estate

Photo of Rockford Public Library by Bonnie Westbrook

Rockford MI Absorption Report ~ Jan 17, 2009

Posted on January 19, 2009 by Terry & Bonnie

Rockford Michigan Real Estate Market Report

Current Absorption Rate for Rockford Michigan is 18.35 months on

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

18.35 months to sell current inventory.

The under $200K market is moving faster than the over $200K.

345 Active Listings in Rockford MI today.

132 Sold Rockford Homes since July 1, 2008 with high price

at $385,000 and the low price at $50,000.

22 Pending Home Sales since June 30, 2008 to date.

Average Rockford List Price: $ 245,443

Average Rockford Sale Price: $ 207,554

If you have any questions about a Rockford or Grand Rapids

MI homes, please contact me directly.

Grand Rapids -Ada Real Estate – Five Star Real Estate

Photo of Downtown Rockford by Bonnie Westbrook

Top Home Buys Rockford Michigan ~ January 2009

Posted on January 12, 2009 by Terry & Bonnie

We have gathered a list of the top Rockford Houses 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.

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 $35.31 to $74.31 here.

The lowest list price is $54,900 and the highest list price is

$179,999 for January 2009 BEST BUY Homes in

Rockford, Michigan.

The Top Rockford Homes to Buy by Price per Square Foot:

10495 Summit Ave NE $ 86,400 1740 Sq Ft $49.66/SqFt

6597 Echo Dr NE $ 54,900 1555 Sq Ft $35.31/SqFt

8359 Courtland Dr NE $ 79,900 1469 Sq Ft $54.39/SqFt

7401 Wilkinson Dr NE $ 89,900 1600 Sq Ft $56.19/SqFt

7041 S Cannon Place $110,000 1514 Sq Ft $72.66/SqFt

9480 Fricke Dr NE $115,000 2550 Sq Ft $69.53/SqFt

6777 Kies St NE#1 $134,900 2709 Sq Ft $58.42/SqFt

4853 Cannonsburg Rd $138,900 2550 Sq Ft $68.69/SqFt

6304 Belding Rd NE $144,900 2980 Sq Ft $48.62/SqFt

6674 Echo Dr NE $154,900 2387 Sq Ft $64.89/SqFt

9210 Myers Lake Ave $ 89,900 2304 Sq Ft $39.02/SqFt

5600 10 Mile Rd NE $ 91,900 2298 Sq Ft $39.99/SqFt

9898 Whitten St NE $123,500 1792 Sq Ft $68.92/SqFt

10130 11 Mile Rd NE $112,500 2600 Sq Ft $43.27/SqFt

1900 Rogue River Dr $ 56,900 1510 Sq Ft $37.68/SqFt

6913 Northland Dr NE $ 74,500 1459 Sq Ft $51.06/SqFt

2331 Post Dr NE $124,000 1880 Sq Ft $65.96/SqFt

125 S Main St $ 59,900 1688 Sq Ft $35.49/SqFt

10 North Fremont St $ 74,900 1008 Sq Ft $74.31/SqFt

68 W Division St $179,999 1138 Sq Ft $70.30/SqFt

221 Hunters Lane NE#7 $ 89,900 1320 Sq Ft $68.11/SqFt

647 Highlander Dr NE $199,320 3050 Sq Ft $65.35/SqFt

9394 Parmeter Ave NE $ 99,900 2016 Sq Ft $49.55/SqFt

592 North Crest Ct NE $143,610 1936 Sq Ft $74.18/SqFt

8355 Nugent Ave NE $119,900 4000 Sq Ft $70.45/SqFt

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 Real Estate

Grand Rapids Real Estate Information

Tag Archives: Rockford MI Home Values

Rockford Michigan Real Estate Market Report Jan – June 2011

Rockford Michigan Real Estate Market Report Jan-Dec 2010

Rockford Michigan Real Estate Market Report ~ June 2009

Rockford Michigan Real Estate Market Report ~ May 2009

Current Absorption Report ~ Rockford Michigan ~ May 2009

Best Home Buys Rockford Michigan ~ May 2009

Rockford Michigan Real Estate Market Report April 2009

Current Absorption Report ~ Rockford Michigan ~ April 2009

Rockford Michigan Absorption Report ~ March 2009

Rockford Michigan Real Estate Market Report March 2009

Rockford MI Absorption Report ~ Jan 17, 2009

Rockford Michigan Real Estate Market Report

Top Home Buys Rockford Michigan ~ January 2009