Rockford MI Absorption Report ~ Jan 17, 2009

Rockford Michigan Real Estate Market Report

Downtown Rockford Michigan

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

Copyright 2008  All rights reserved

Photo of Downtown Rockford by Bonnie Westbrook

Rockford MI Real Estate Market Report Nov 2008

Rockford Michigan Home Values

Rockford Michigan is a quaint little village on the Rogue River.

It is 10 miles from downtown Grand Rapids, with several major

roads that will take you there.  There is a state of the art school

public system, many suburban housing developments, and a busy,

vital village with wonderful boutique shopping and every variety of

restaurants. It is also home to Wolverine World Wide, which is the

manufacturer of Hush Puppies, Merrell, Caterpillar, and Harley

Davidson shoes and apparel. You can get a hot dog at The Corner

Bar or have an evening of fine dining at Reds.

It is a great place to live in the Greater Grand Rapids area.

Rogue River Back waters

 

The housing inventory here is high, like all of the Grand Rapids area.

 

There are 120 Rockford homes for sale under $ 200,000, which

gives us a 92 month supply (if no other homes come on the market)

at the present rate of sales.

For Rockford homes over $ 200,000, there is a 31 month supply of

homes at the present rate of sales. 

This is a desirable community that continues to draw residents to live

in this area. For this market report, we used Rockford Public School

District as the boundary criteria.

 

     Rockford Michigan Real Estate Market Report

                                  April – October 2008

 

Under $ 200,000 Rockford MI Active Listings:  120

Average active Rockford MI listing price – $ 155,237

Average active Rockford MI price/SqFt – $ 109.77

Average Rockford MI days on market – 45

 

Under $ 200,000 Rockford MI SOLD Homes: 9

Average Rockford MI homes sold price is $125,122

Average Rockford MI Sold homes days on the market is 28 days

Average Rockford MI Sold Homes price /SqFt $ 82.24

Rockford MI real estate market report 3rd qtr 2008

Rockford MI real estate market report 3rd qtr 2008

Rockford MI real estate market report 3rd qtr 2008

Over $ 200,000 Rockford MI Active Listings:  200

Average active Rockford MI listing price – $ 325,809

Average active Rockford MI price/SqFt – $ 162.69

Average Rockford MI days on market – 102

 

Over $200,000 Rockford Mi Homes SOLD: 41

Average Sold price for Rockford MI Homes – $285,963.

Average price/SqFt for Sold Rockford MI homes – $ 137.98

Average Rockford MI homes days on the market – 73

Rockford MI real estate market report 11-08

Rockford MI real estate market report 11-08

Rockford MI real estate market report 11-08

Rockford MI Market Report October 2008

Rockford MI Market Report Sept 2008

 

If you have questions about a Rockford MI or Grand Rapids MI

homes, please contact me directly at:

1-888-240-1968 ext 0

 

Grand Rapids -Ada Real Estate – Five Star Real Estate

Copyright 2008  All rights reserved

Photo of Rockford Rogue River Backwaters by Bonnie Westbrook

Rockford Michigan ~ Real Estate Market Report ~ Sept 2008

Rockford Michigan is a quaint village on the Rogue River with many

 suburban neighborhoods surrounding it.  Rockford Michigan has an

excellent public school system and a large scale employer in Wolverine

Worldwide (they make the famous Hush Puppy shoes, among other

items). They have a vibrant downtown area with boutique shops and

 good restaurants.  The picture below shows the many turn-of-century

buildings that have been rehabbed to house current retail shops and

eateries. 

 

 

Main Street in Rockford MI

Main Street in Rockford MI

 

               Rockford Real Estate Market Report

                                     September 2008

Rockford market up to $ 200,000

                                              $/sq ft          DOM          Avg Price

Active listings  165                  $110.08           71           $152,445

Pending                22                $  95.30           69           $135,485

Sold                       58              $104.41           39           $142,317

Active listings range in price from $29,900 to $200,000.

Sold listings range in price from  $45,000 to $ 197,000.

Rockford Market over $200,000 

                                         $/sqft          DOM      Avg Price

Active Listings     196      164.09          80         $ 327,615

Pending                   9      146.86         79         $ 341,756

Sold                      22      144.43         53         $ 284,136

Active listings range in price from $200,000 to $1,300,000.

Sold listings range in price from $203,000 to $550,000.

368 homes sold so far in the Rockford Public School District

in 2008. The average home price is  $187,200.

Because Rockford is such a small city and covers a large district,

 this report is based on the Rockford Public School District, not

 the village of Rockford.

 

If you would like more information about  the value of your Rockford

home, please contact me directly at 1-888-240-1968 ext 0.

Grand Rapids Ada Real Estate – Five Star Real Estate

Copyright 2008 All rights reserved

photo of Downtown Rockford by Bonnie Westbrook