Grand Rapids Michigan Real Estate Blog

East Grand Rapids Michigan Top Best Buy Homes July 2011

This is our list of the Top Best Buy East Grand Rapids Houses

to buy based on price/square foot.  Price per square foot is a

great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar and it should reflect

the interior finish of the home.  East GR has homes listed at almost

$500/ Sq Ft and under $100/Sq Ft, so the range here is wide.

For example, if it has crystal chandeliers, wood flooring, a new

kitchen, this would be more value per square foot than a home

that still has the 1980’s decor and/or is in derelict condition.

Please note that this list can change daily as some homes sell, prices

are adjusted and other homes come on the market.  If you would like

to sign up for daily new listing email, just contact Terry.  You can also

sign up for saved searches on our website.  This saves your profile

search and lets you monitor and control your search details.

 

 

July 2011 –  TOP BEST BUY East Grand Rapids Homes

The Top East GR Homes to Buy by Price per Square Foot:

2216 Audubon             $71,500       882 Sq Ft     $81.07/SqFt

2246 Estelle                 $104,000    1070 Sq Ft   $97.20/SqFt

1600 Wealthy St SE   $119,900     1248 Sq Ft   $96.07/SqFt

2450 Gilmour St          $121,900     1500 Sq Ft   $81.27/SqFt

2147 Hall St                 $137,500     1198 Sq Ft   $114.77/SqFt

 

 

1112 Eastwood           $139,000     1275 Sq Ft   $109.02/SqFt

2543 Richards Dr       $139,900     1400 Sq Ft    $99.93/SqFt

2543 Lake Dr              $140,000     1754 Sq Ft    $79.82/SqFt

2151 Tenway             $141,900    1396 Sq Ft    $101.65/SqFt

2234 Argentina          $149,900    1339 Sq Ft    $111.95/SqFt

1058 Orchard Ave      $149,900    1335 Sq Ft    $112.28/SqFt

 

 

 

 

 

2144 Hall St SE          $164,900     1742 Sq Ft    $94.66/SqFt

2405 Oakwood Dr     $165,000      1786 Sq Ft   $92.39/SqFt

2050 Tenway             $169,900     1520 Sq Ft    $119.99/SqFt

1045 Lakeside Dr      $174,900     1520 Sq Ft    $115.07/SqFt

1245 Woodshire        $199,750     2248 Sq Ft    $88.46/SqFt

 

 

 

 

 

 

319 Kingswood Rd      $209,000      1796 SQ Ft    $116.97/SqFt

1753 Breton Ave         $210,000      2740 Sq Ft    $76.64/SqFt

1555 Edgewood Ave   $212,000     2123 Sq Ft    $99.44/SqFt

541-3 Greenwood       $244,900    3676 Sq Ft    $66.62/SqFt

2254 Brighton Dr         $269,900    2250 Sq Ft    $119.96/SqFt

 

1447 Woodcliff Ave    $274,900     2861 Sq Ft    $96.09/SqFt

 

 

 

1563 Edgewood           $ 294,900    2779 Sq Ft     $106.12/SqFt

2733 Maplewood Dr     $295,000    2746 Sq Ft    $107.43/SqFt

3131 Lake Dr                $319,900    3300 Sq Ft     $96.94/SqFt

2649 Boston St SE      $425,000    3666 Sq Ft    $115.93/SqFt

 

 

 

 

 

22 Pending, 0 Sold in the last month in EGR

Average Sale List Price  $ 253,762

 

Home sales have increased this month, home inventory

is  moving in East GR.  Distressed properties are still popping up

but much scarcer than other areas around GR.  Price per square

foot is moving up slowly but can be affected by higher priced homes.

 

SEARCH EAST GRAND RAPIDS HOMES

Bank Owned & Short Sale EGR Homes Search

 

 

Related Posts:

Which Mortgage Do I Choose?

East GR  Real Estate Market Articles

Home Buyer Questions & Answers

East Grand Rapids – America’s Hometown

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present

condition.  Sold-As-Is*

 

 

 

If you would like to view an East Grand Rapids Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

East Grand Rapids Michigan Real Estate Market Report  Jan-June 2011

East Grand Rapids is a community of homes priced from the

low $100,000’s to over $2,000,000 with the majority of homes

selling from $120K to $400K.  Since this is such a large spread

it is difficult to produce true averages beyond a neighborhood

level, so take that in consideration with the following statistics.

2011 First Half EGR STATS:

146 Active Listings for sale

30 Pending Home Sales

80 Sold Homes

$260,384 Average Sold Price

95.21% of Sale Price to List Price

Absorption Rate: 7.9 months

Synopsis:  East GR is seeing a slight rise in home prices

over 2010 averages, though the  Absorption rate is slightly higher.

Demand for East GR homes is about the same as 2010 but

indices are looking up, so far.  If the bank owned homes are

dumped back on the market, this would erode prices further.

 

 

More East Grand Rapids Articles:

SEARCH FOR EAST GRAND RAPIDS HOMES

SEARCH for EGR Bank Owned + Short Sale Homes

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

______________________________________

East Grand Rapids Michigan Top Best Buy Homes May 2011

This is our list of the Top Best Buy East Grand Rapids Houses

to buy based on price/square foot.  Price per square foot is a

great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar and it should reflect

the interior finish of the home.  East GR has homes listed at almost

$500/ Sq Ft and under $100/Sq Ft, so the range here is wide.

 

For example, if it has crystal chandeliers, wood flooring, a new

kitchen, this would be more value per square foot than a home

that still has the 1980’s decor and/or is in derelict condition.

 

Please note that this list can change daily as some homes sell, prices

are adjusted and other homes come on the market.  If you would like

to sign up for daily new listing email, just contact Terry.  You can also

sign up for saved searches on our website.  This saves your profile

search and lets you monitor and control your search details.

 

May 2011 –  TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $73.42 to $119.78

Highest List Price -  $ 359,000

Lowest List Price -  $ 122,500

The Top East GR Homes to Buy by Price per Square Foot:

1600 Wealthy St SE   $122,500     1248 Sq Ft   $98.16/SqFt

2151 Tenway             $145,000    1396 Sq Ft    $103.87/SqFt

1647 Franklin St        $149,900     1400 Sq Ft   $107.07/SqFt

712 Lovett Ave          $153,900     1543 Sq Ft   $99.74/SqFt

1058 Orchard Ave      $159,900    1335 Sq Ft    $119.78/SqFt

2144 Hall St SE          $164,000     1742 Sq Ft    $94.66/SqFt

2405 Oakwood Dr      $165,000      1786 Sq Ft   $92.39/SqFt

1032 San Juan Dr      $179,900     1696 Sq Ft   $106.07/SqFt

441 Rosewood            $179,900     1680 Sq Ft   $107.08/SqFt

2437 Hall St                 $185,000     1720 Sq Ft    $107.56/SqFt

1138 Lakeside Dr       $187,900      1736 Sq Ft    $108.24/SqFt

2437 Hall St                 $189,900     1720 Sq Ft    $110.41/SqFt

1440 Sherwood          $214,000      2044 Sq Ft    $104.70/SqFt

1436 Rosalind             $229,900     2123 Sq Ft    $108.20/SqFt

1626 Sherman           $240,000      3056 Sq Ft    $78.53/SqFt

715 Cambridge Blvd   $240,000    2177 Sq Ft    $110.24/SqFt

541-3 Greenwood       $269,900    3676 Sq Ft    $73.42/SqFt

1447 Woodcliff Ave    $289,900     2861 Sq Ft    $101.33/SqFt

2733 Maplewood Dr     $295,000    2746 Sq Ft    $107.43/SqFt

2424 Lake Dr                $359,000    3218 Sq Ft     $111.56/SqFt

14 Sold, 22 Pending in the last month in EGR

Average Sale Price  $ 169,525

Average Price/SqFt  $111.02

Home sales have increased this month, home inventory

is  moving in East GR.  Distressed properties are still popping up

but much scarcer than other areas around GR.  Price per square

foot is moving up slowly but surely.

 

SEARCH EAST GRAND RAPIDS HOMES

Bank Owned & Short Sale EGR Homes Search

Related Posts:

Which Mortgage Do I Choose?

East GR  Real Estate Market Articles

Home Buyer Questions & Answers

East Grand Rapids – America’s Hometown

*Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present

condition.  Sold-As-Is*

If you would like to view an East Grand Rapids Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

 

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

to sell.

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.

 

 

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

 

 

 

Current Real Estate Market Report East Grand Rapids Michigan

Second Quarter East Grand Rapids Real Estate Market Report

5 Month Absorption rate for East Grand Rapids MI housing market

 which means if no new listings come on the East Grand Rapids market, it will

take 5 months for the existing home inventory to sell.  The Absorption rate is

in normal range for East Grand Rapids homes.

 

There are 119 active listings on the East Grand Rapids market,

 a smaller inventory  than 3 months ago  ranging from

$67,000 to $3,500,000.

17 Pending Home Sales

53 Sold Homes with sold prices ranging from $ 72,800 to $ 1,050,000

 

Solds by Market Time

22 homes sold in the 0-30 days - 41.51%

9 homes sold in 31-60 days  - 16.98 %

9 homes sold in 61-90 days - 16.98%

6 homes sold in 91-120 days - 11.32 %

7 homes sold in 120+ days - 13.21%

The lower end of this market (under $300K) is the busy end

of the sales in the East Grand Rapids market.   Homes in the higher price

bracket are selling, but at a much slower rate and not at 2006 prices. 

The good news for sellers is that over 50% of the homes that are priced

correctly are seeing 92-93% of list price and selling in less than 60 days.

 

Other Blog articles about East Grand Rapids:

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

Free Friday Night Movies in the Park

 

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East Grand Rapids Michigan Top Best Buy Homes – June 2010

We have a list of the top East Grand Rapids Houses to buy

based on price per square foot for June 2010.  Price per square foot

 is a great leveler and a good way to compare properties.

 

If two similar homes are listed at similar prices, their price per square

foot should be similar.  It should reflect the interior finish of the home.

For example, if it has crystal chandeliers, marble tile, a new kitchen,

this would be more per square foot than a home that still has the

1970’s decor and/or is in derelict condition.

Please note that this list can change daily as some homes sell, prices are

adjusted and other homes come on the market.

The total square footage is noted here, although only the main floors

are used to figure price per square foot.

June 2010 – 25 TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $69.15 to $109.93

Highest List Price -  $ 405,000

Lowest List Price -  $ 89,900

The Top East GR Homes to Buy by Price per Square Foot:

2714 Cascade Rd SE   $ 89,900    1900 SqFt     $69.15/SqFt

252 Hodenpyl Rd       $129,900    1489 Sq Ft    $87.24/SqFt

2530 Cascade Rd SE   $139,000    2200 SqFt    $86.88/SqFt

630 Rosewood Ave     $149,500   1862 Sq Ft   $80.29/SqFt

1647 Franklin St          $149,900    1392 Sq Ft   $107.07/SqFt

 

706 Rosewood Ave    $159,900     1676 Sq Ft   $95.41/SqFt

1707 Hall St SE           $160,000   2229 Sq Ft    $91.27/SqFt

1442 Eastlawn Rd       $160,000    2368 Sq Ft   $88.01/SqFt

 324 Gladstone Dr SE   $165,000    1538 Sq Ft   $107.28/SqFt

2205 Heather St SE     $169,900    2584 Sq Ft   $65.75/SqFt

 

2840 Cascade Rd        $174,900     2272 Sq Ft   $97.60/SqFt

2053 Englewood Dr    $178,000    1954 Sq Ft    $106.84/SqFt

2206 Stratford Ct SE   $189,000    2918 Sq Ft   $86.38/SqFt

9 Morningside Dr       $199,500    2400 Sq Ft    $99.75/SqFt

1401 Pinecrest Ave   $218,000    2350 Sq Ft   $103.02/SqFt

 

1746 Danby Ln SE     $230,000    3479 Sq Ft    $105.31/SqFt

564 Laurel Ave SE     $237,500    2212 Sq Ft   $107.37/SqFt

1536 Eastlawn Rd     $239,900    2500 Sq Ft    $103.76/SqFt

245 Briarwood Ave   $255,000    2383 Sq Ft    $107.01/SqFt

1773 Oxford Dr SE     $260,000     3000 Sq Ft   $108.24/SqFt

 

3030 Fulton St E        $263,000    3460 Sq Ft   $106.05/SqFt

77 Lakeview Dr SE     $269,000    2501 SqFt    $107.56/SqFt

1524 Lake Grove        $269,900    3908 SqFt    $107.06/SqFt

1740 Vesta Ln SE       $279,000    3216 SqFt    $108.94/SqFt

2702 Robinson Rd      $405,000    4000 Sq Ft   $109.93/SqFt

 

 

 

East Grand Rapids homes are selling.  If you have been waiting for the

 right time to buy, don’t wait much longer.  We are seeing definite signs

 of competition for homes in East Grand Rapids and  Forest Hills school

 districts.

 Homes in good condition and priced appropriately are selling. There

are more homes available this month in East Grand Rapids but demand

has driven home prices higher. 

 

*Some of these homes may be bank owned foreclosures and not habitable

as is or available for a mortgage in present condition.*

 

East GR  Real Estate Market Blogs

If you would like to view an East Grand Rapids Best Buy Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

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East Grand Rapids July 4th 2010 Celebration

Sunday  July 4th:

Parade 12:00 pm – 1:00 pm Starts at Woodcliff Admin.Bldg,

travels along  Lake Dr, Lakeside and Wealthy, ending at Croswell

Concessions open -  Noon to Late Evening

Activities open at John Collins Park 12:30 – 5 pm

Soft Play, Bungee Run, Dragon Hide n Slide, Clown & Airbrush tattos

1:00 – 1:30 pm  - Performance by Firecracker Cheer Camp

Water Ski Show 1:30-2:30 pm  by Grand City Show Skiers

3:00 – 4:00 pm  - Performance by Zumba

5:00 – 6:30 pm  - Performance by The Ardvark Stew

8:30 – Dusk    Grand Rapids Federation of Musicians

Fireworks – Dusk over Reeds Lake ( approx 10:15 pm)

East Grand Rapids 4th of July Information

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We have a list of the Top Best Buy East Grand Rapids Houses

to buy based on price/square foot.  Price per square foot is a

great leveler.  If two similar homes are listed at similar prices,

their price per square foot should be similar.  It should reflect

the interior finish of the home.

 

For example, if it has crystal chandeliers, marble tile, a new

 kitchen, this would be more value per square foot than a home

that still has the 1970’s decor and/or is in derelict condition.

 

Please note that this list can change daily as some homes sell, prices

are adjusted and other homes come on the market.

The total square footage is noted here, although only the main floors

are used to figure price per square foot.

May 2010 – 19 TOP BEST BUY East Grand Rapids Homes

Lowest price/Sq Ft range from $70.24 to $108.84

Highest List Price -  $ 263,000

Lowest List Price -  $ 84,999

The Top East GR Homes to Buy by Price per Square Foot:

729 Gladstone Dr SE   $ 84,999      800 Sq Ft   $106.25/SqFt

2714 Cascade Rd SE   $119,900    1900 SqFt     $92.23/SqFt

293 Rosewood Ave    $130,000     1422 Sq Ft   $104.67/SqFt

252 Hodenpyl Rd       $147,500    1489 Sq Ft    $99.06/SqFt

630 Rosewood Ave    $149,500   1862 Sq Ft     $80.29/SqFt

 

1647 Franklin St          $149,990    1392 Sq Ft   $107.75/SqFt

1707 Hall St SE           $160,000     2229 Sq Ft    $91.27/SqFt

950 Breton Rd SE       $ 169,900    1561 Sq Ft    $108.84/SqFt

1420 Laurel Ave SE     $175,000    1728 Sq FT    $101.27/SqFt

2053 Englewood Dr    $178,000     1954 Sq Ft    $106.84/SqFt

 

2840 Cascade Rd        $189,000     2272 Sq Ft   $105.47/SqFt

2206 Stratford Ct       $193,500     2918 Sq Ft   $88.44/SqFt

2150 Anderson Dr      $195,000     3322 Sq Ft   $70.24/SqFt

9 Morningside Dr      $199,500      2400 Sq Ft    $99.75/SqFt

3030 Cascade Rd SE   $199,900     3000 Sq Ft    $106.44/SqFt

 

1401 Pinecrest Ave   $218,000     2350 Sq Ft    $103.02/SqFt

1146 San Jose Dr SE  $219,900     2446 Sq Ft    $107.48/SqFt

1773 Oxford Dr SE     $260,000     3000 Sq Ft   $108.24/SqFt

3030 Fulton St E        $263,000    3460 Sq Ft   $106.05/SqFt

 

East Grand Rapids homes are selling.  If you have been waiting

 for the  right time to buy, don’t wait much longer.  We are

 seeing definite signs  of competition for homes in East Grand

 Rapids and  Forest Hills.

 Homes in good condition and priced appropriately are selling. 

There are fewer home available this month in East Grand Rapids

 and prices are generally higher, only 1 home under $100K.

 

*Some of these homes may be bank owned foreclosures and

 not habitable as is or available for a mortgage in present

condition.*

 

East GR  Real Estate Market Articles

 

If you would like to view an East Grand Rapids Best Buy Home,

please contact us @1-888-240-1968 x 0 or email us :

terry@terrywestbrook.com

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From 9 AM to 5 PM, East Grand Rapids Michigan will transform its

Lakeside Park into a feast for the art lover.  The annual Reeds Lake

Clothesline Art Festival will be held at John Collins Park in East

Grand Rapids, Saturday, June 19th, 2010. 

 

This juried art fair, put on by and for Grand Valley Artists is a

local favorite because of the picturesque lakeside venue and the

wonderful selection of jewelry, photography, glass, pottery,

 painting, watercolors, sculpture  and more. 

 This year the festival is celebrating their 45th anniversary.

 

 

There is public parking in the ramp near the Regatta Plaza,

which is a short walk from the site and in the middle of the

Wealthy Street merchants and restaurants in Gaslight Village.

 

                        Held rain or shine.

 

Over 140 artists from all over the country. Some will be old favorites,

others will be new to  West Michigan.  If art tickles your interests, or

you have a blank spot looking for that special piece….come out on

Saturday, June 29th, 2010 to East Grand Rapids Clothesline Art Fair.

 

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Current Real Estate Market Report For East Grand Rapids Michigan

 

Absorption rate for East Grand Rapids MI housing market is currently

at 8 months, which means if no new listings come on the

East Grand Rapids market, it will take 8 months for the existing

home inventory to sell.

There are 157 active listings on the East Grand Rapids market,

typically a larger inventory in the spring ranging from

 $74,999 to $2,995,000.

30 Pending Home Sales

28 Sold Homes with sold prices ranging from $ 63,000 to $ 599,000

for the first quarter of 2010 in East Grand Rapids housing inventory.

 

East Grand Rapids Homes  up to  $200,000

Active Listings – 48

Pending  – 13

Sold – 16  

Avg Sold Price – $158,230

Avg List Price – $158,696

East Grand Rapids Homes  $200,000 to $300,000

Active Listings  -  40

Pending – 10

Sold -  6

Avg Sold Price – $ 243,583

Avg. List Price - $249,530

 

East Grand Rapids Homes $ 300,001 to $450,000

Active Listings - 44

Pending -  5

Sold  – 4

Avg Sold Price – $ 352,625

Avg List Price – $ 390,873

 

East Grand Rapids Homes  $ 450,001 ++

Active Listings  -  25

Pending – 2

Sold – 2

Avg Sold Price - $ 567,000

Avg List Price – $ 852,228

The lower end of this market (under $300K) is the busy end

of the sales in the first quarter.  With the current lowest list price

at $ 74,999,  it looks like the bargain basement days in EGR housing

are over.  Homes in the higher prices are selling, but at a

slower rate. We are still seeing sold price erosion in the homes priced

over $200,000.

The Absorption rate is over the normal range for East Grand Rapids

homes by 2 months.  This shows an uptick in inventory and no uptick

 in sales to match.

 

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

 

 

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