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.
RESIDENTIAL REAL ESTATE MARKET
EAST GRAND RAPIDS MI ~ November 2008
EAST GRAND RAPIDS Homes Listed at $850,000 +
EAST GRAND RAPIDS Active Listings:10
EAST GRAND RAPIDS Average Active Price: $1,743,800
EAST GRAND RAPIDS Sold Homes : 1
EAST GRAND RAPIDS Average Sold Price/SqFt: - $ 309.54
East Grand Rapids Homes Listed $450,000 to $ 850,000
East Grand Rapids Homes Active listings:32
East Grand Rapids Average Active Price: $ 608,003
East Grand Rapids SOLD Homes: 7
East Grand Rapids Average Sold Price: $ 522,143
East Grand Rapids Average Sold Price/SqFt: $ 152.57
Homes Listed $ 300,000 - $ 450,000
East Grand Rapids Homes Active Listings: 41
East Grand Rapids Average Active Price: $ 397,927
East Grand Rapids SOLD Homes: 17
East Grand Rapids Average Sold Homes Price: $ 354,441
East Grand Rapids Average Sold Price/SqFt: $ 135.91
Homes Listed $ 200,000 - $300,000
East Grand Rapids Active Listings: 25
East Grand Rapids Average Active Price: $ 264,604
East Grand Rapids SOLD homes: 34
East Grand Rapids Average Sold price: $231,003
East Grand Rapids Average Sold Price/SqFt: $ 123.61
Homes Listed $0- $200,000
East Grand Rapids Homes Active Listings: 39
East Grand Rapids Active Average Price: $ 164,454
East Grand Rapids SOLD Homes: 49
East Grand Rapids Sold Home Price: $156,774
East Grand Rapids Sold price/SqFt: $ 113.61
East Grand Rapids Market Synopsis:
It is difficult to do a market synopsis for a housing area this broad.
East Grand Rapids homes in the lower values seem to be the most active,
especially under $200,000. This is still a very strong market in our
weakened economy but buyers are still looking for bargains. If you need
to sell your East Grand Rapids home, you will need to anticipate the new
buyers price threshold to sell your home in the current market, which seems
to be going down every month.
East Grand Rapids Market Report October 2008
East Grand Rapids Market Report Sept 2008
East Grand Rapids Market Report August 2008
If you have questons about your Grand Rapids or East Grand Rapids Home
in this market, please contact me directly.
Grand Rapids -Ada MI Real Estate ~ Copyright 2008
Westbrook Realty
Reeds Lake photo by Bonnie Westbrook
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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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