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
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.
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