Grand Rapids Michigan Real Estate Blog

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Rockford Michigan Real Estate Market Report Jan - June 2011

Rockford Michigan Real Estate Market Report Jan-June 2011

Rockford is a northern suburb of Grand Rapids, about 15-20 minutes

by freeway from the center of the city.  It is a small town on the Rogue

River with an excellent public school system and diverse businesses and

resources.   It is a popular Grand Rapids suburban area that many like

to call home.

P1030534 thumb Rockford Michigan Real Estate Market Report Jan – June 2011

351 Active Rockford MI Listings

Pending Home Sales: 91

Sold Rockford Homes: 208

Average sold price  $ 188.014

Sale Price to List Price – 96.%

Absorption Rate : 7 months

Housing sales in Courtland Township, Algoma Township and City

of Rockford are included in this report. Rockford’s housing market which

ranges $60,000 at the low end to over a $1 million at the high end. 

The average sold home has increased in value from 2010 figures and

sold activity in Rockford seems to be up.  So far, so good. 

 

The real story of this year’s real estate story is held by the banks. 

The bank owned inventory is very high and hasn’t been coming on the

market at the rate it has in the last few years.  This has allowed the

housing market a brief reprieve this year and seen home prices increase

slightly because of a lack of distressed home inventory.

 

If you have any questions about  Rockford or Grand Rapids

MI homes, please contact me directly: 1-616-292-7263  or

email: terry@terrywestbrook.com 

 

More Rockford Articles:

SEARCH FOR ROCKFORD MICHIGAN HOMES

SEARCH for Rockford MI Bank Owned –Short Sale Homes

Rockford Michigan Real Estate Market Reports

Rockford Michigan Video Tour

Copyright 2011  All rights reserved

Photo of Lake Bella Vista sunset by Bonnie Westbrook


 

_____________________________________________

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 • July 13 2011 03:45PM
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