Grand Rapids Michigan Real Estate Blog

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East Grand Rapids MI ~ Real Estate Market Report ~ Sept 2008

East Grand Rapids is a small city, population of 10,784 located just east

of Grand Rapids city limits. East GR has been a desired place to live in the

Grand Rapids area for many years.

East GR is primarily residential with some commercial business areas.  Many

homeowners are attracted by Reeds Lake which plays a prominent role

in the community, its award winning public school system, proximity to

 downtown Grand Rapids, premier city services, and its overall small

 town feeling.  This is definitely a community that you can walk to school,

the ice cream store, or just around the tree lined blocks to visit the

picturesque lakes, Reeds Lake & Fisk Lake.

 Homes range in all prices here in East Grand Rapids.  There are small

3 bedroom bungalows and ranches that were built just before and after

WWII, there are mega-mansions built on the shores of Reeds Lake for

 wealthy citizens, and all ranges in between in East Grand Rapids.

Reeds Lake East Grand Rapids mi

                           RESIDENTIAL REAL ESTATE MARKET REPORT

                           EAST GRAND RAPIDS MI  September 2008

Homes Listed at $850,000 +

6 East Grand Rapids homes Available

Average price $ 1,918,333

High $4,000,000   Low  $850,000

Average Days on Market  64

Sold East Grand Rapids home $ 1,275,000  

 50  Days on the Market

East Grand Rapids Real Estate Price Chart 

Homes Listed $450,000 to $ 850,000

20 East Grand Rapids Homes Available

Average price  $ 587,605

Average Days on Market  79

1 Pending East Grand Rapids Home Sale

6 Sold East Grand Rapids Homes

Average Sold Price: $ 530,000

Average Days on Market:  38

 

 

 

Homes Listed $ 300,000 - $ 450,000

40  East Grand Rapids Homes Available

Average Price: $ 383,818

Average Days on Market: 80

Pending East Grand Rapids home sales

11 Sold East Grand Rapids Homes

Average Sold Price: $352,227

Average Days on Market: 69

East Grand Rapids MI Real Estate Price Chart

 

Homes Listed $ 200,000 - $300,000

28 East Grand Rapids Homes Available

Average Price: $ 261,668

Average Days on Market: 110

5 Pending East Grand Rapids home sales

28 Sold East Grand Rapids Homes

Average price: $233,146 

Average Days on Market: 74

East Grand Rapids Real Estate Price Chart

 

Homes Listed $0- $200,000    

39 East Grand Rapids homes Available

Average Price: $ 165,420

Average Days on Market: 95

9 Pending East Grand Rapids home Sales

Average Price $ 168,300

Average Days on Market: 57

 39 East Grand Rapids Sold Homes

Average Price: $155,323

Average Days on Market: 46

East Grand Rapids Real Estate Price Chart

 

If you would like to know the value of your East Grand Rapids

home in this market, please contact me directly.

Grand Rapids -Ada MI Real Estate ~ Copyright 2008

 Westbrook Realty

photo of Reed Lake 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 0 commentsTerry & Bonnie Westbrook • September 23 2008 09:07AM
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