Grand Rapids Michigan Real Estate Blog

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East Grand Rapids MI Real Estate Market Report October 2008

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

Rapids city limits. It has been a desired place to live in the Grand Rapids area for

 many years. East Grand Rapids 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, and its overall small town feeling.

East Grand Rapids 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.

Reeds Lake East Grand Rapids mi

RESIDENTIAL REAL ESTATE MARKET ~

 EAST GRAND RAPIDS MI ~ October 2008.

Homes Listed at $850,000 +

8 For Sale

Average price $ 1,727,500

1 Home Sold - $ 1,275,000  

East Grand Rapids real estate market report Oct 2008

 East Grand Rapids Homes Listed $450,000 to $ 850,000

20 EGR Homes Available   Average price  $ 587,855

7 EGR Homes Sold, 14 Expired

Average EGR Sold Price: $ 522,143

Average Days on Market:  52

Average Expired Price: $606,729

Average Days on Market: 121

East Grand Rapids real estate market report Oct 2008 

Homes Listed $ 300,000 - $ 450,000

39  EGR Homes Available   Average Price: $ 384,435

Average Days on Market: 97

3 Pending, 14 Sold, 18 Expired, 1 Withdrawn

Average EGR Sold Price: $351,036

Average Days on Market: 75

Average Expired Price: $387,828

Average Days on Market: 103

East Grand Rapids real estate market report Oct 2008 

Homes Listed $ 200,000 - $300,000

28 EGR Homes Available

Average Price: $ 261,336

Average Days on Market:  106

32 Sold Homes, 14 Expired, 4 Withdrawn

EGR Average Sold price: $231,534 

EGR Average Sold Days on Market: 76

East Grand Rapids real estate market report Oct 2008 

Homes Listed $0- $200,000    

40 EGR Homes  Available  Average Price: # 161,835

Average Days on Market: 98

9 Pending Sales, 20 Expired, 3 Withdrawn

 42 EGR Sold Homes

Average EGR Sold Home Price: $157,274

Average Days on Market: 46

East Grand Rapids real estate market report Oct 2008

 

152 East Grand Rapids Homes have sold in 2008

Average East Grand Rapids home sold price is $237,724

 

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 EstateWestbrook Realty ~ Copyright 2008

 Five Star Real Estate LLC

_____________________________________________

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 • October 14 2008 11:52AM
East Grand Rapids MI Real Estate Market Report October 2008
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