Kentwood Michigan is a large suburb of Grand Rapids with a population
under 50,000. It has manufacturing, shopping centers, and lots and lots
of residential housing. Kentwood Public Schools are one of the largest
school systems in the area with over 9000 students and 16 buildings
within a 24.25 square mile area.
The downward trend of the last few years in Kentwood home sales
is still continuing this year. We are still seeing a slight price erosion
from last month's figures, again this month.
The upper end homes in Kentwood aren't seeing the kind of activity
that the lower end homes are getting. They may be priced too high
for today's timid buyers or it could be condition. Your list price has to
be close to the sale price or your home just doesn't get serious
buyer activity. And if you still have the green shag carpeting, you
will need to upgrade or lower your price if you want to see a sold sign.
In 2006, Kentwood has 495 home sales:avg sold price:$159,788.
In 2007, Kentwood had 434 homes sales: avg sold price:$151,009.
In 2008, Kentwood had 722 home sales:avg sold price: $115,127.
Home sales for Kentwood - $70,000 to $149,999 price range:
128 sold since September 2008
Avg sold price $70K-150K $112,777
Home sales for Kentwood - $150,000 to $400,000 price range:
27 sold since September 2008
Avg sold price $151K-400K $180,338
Kentwood Absorption Rate for this price range is 9.16 months,
at the current rate of sale (which means if no new listings come
on the market, it will take 9.16 months to sell the listed homes).
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Kentwood High School 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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