Grand Rapids Michigan Real Estate Blog

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Caledonia Michigan Real Estate Market Report - Jan-Dec 2009

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.

 

snow covered fir trees 

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.

 

Caledonia 2009 Real Estate

Caledonia Michigan Video Tour

 

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Grand Rapids Real Estate  ~ Westbrook Realty

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

________________________________________________________

 

 

 

Comment balloon 11 commentsTerry & Bonnie Westbrook • December 24 2009 09:20AM
Caledonia Michigan Real Estate Market Report - Jan-Dec 2009
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