Current Caledonia MI Absorption Report
Absorption rate for Caledonia MI Market is currently 7.16 months,
which means if no other homes come on the market, it will take
7.16 months for the current inventory to sell at the current
sales rate. This stat is one third+ less than summer's figure.
We are seeing a definite upturn in sales in Caledonia homes and
sell times may be returning to a "normal" range of 3-6 months.
There are 123 current active listings, from $49,900 to
$1,100,000 in Caledonia MI.
Current average Caledonia home listed price is much higher
[about $293,852] than the average sold price [$136,037].
25 Pending Home Sales, and 52 Sold Homes since Jan 1, 2009.
The average sold price/Square foot is $ 84.61
Sold High $290,000 Sold Low - $34,000
There are 2 homes in million dollar + range listed, so this skews the
figures somewhat in the upper home price brackets.
The Caledonia market has been busy this year; buyers bought 8 homes
under $100K, the majority were between $100-200K.
Average sold price/square foot and average sold price overall lost
ground this year. There are 14 homes listed under $100K, and lots
of opportunities in the middle brackets to own a home in Caledonia.
With interest rates bound to rise, buying now could save you
thousands of dollars over the life of your mortgage.
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Copyright 2009 All rights Reserved
Photo of Snow Covered Fir Trees 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!
Contact Terry 616-292-7263