East Grand Rapids MI Real Estate Market Report Oct 2010
East Grand Rapids Neighborhood
Active listings - 111
High Price – $ 3,500,00
Low Price – $ 132,600
Pending Home Sales – 16
High Price – $ 999,900
Low Price - $ 99,900
Sold Homes – 41
High Price – $ 699,000
Low Price - $ 112,000
Absorption rate for East Grand Rapids MI housing market is
just under 6 months, if no new listings come on the East Grand
Rapids market, it will take 6 months for the existing home inventory
to sell.
The middle of this market (over $200K-400K) is the busy end
of the sales in the third quarter, with 19 of the 41 sales tallied.
With the current lowest list price at $ 132,600, the bargain basement
days in EGR housing are over. Homes on the higher priced shelf are
selling, but at a slower rate.
East Grand Rapids Real Estate Market Reports
East Grand Rapids Michigan ~ America’s Hometown
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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
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