Current Absorption Rate for Grand Rapids Township homes is 6.3 months,
which means if no new listings come on the market, it will take 6.3 months
to sell the existing inventory of homes. The average sold home price has
went down slightly from last month, but prices seem stable. Summer
inventory is up compared to last month and absorption rate is at normal
levels.
If you want your Grand Rapids Township home to sell for top dollar,
it must be in tip top condition and priced to sell.
There are 175 Active listings currently for sale.
The average List price is $ 311,630
Average List price $/SqFt $145.34
109 Sold & Pending Grand Rapids Township Homes since April 1-09
The average SOLD price is $ 243,157
Average Sold Price /SqFt $118.66
High Sold Price $ 720,000
Low Sold Price $ 53,000
Grand Rapids Township MI Real Estate 2009
If you have questions about Grand Rapids Township or Grand
Rapids homes, please contact me directly:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
Photo of Frederick Meijer Gardens Entrance 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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The absorption rate for the Grand Rapids Township is very interesting. We use the absorption rate for our area in working with both buyers and sellers.
Betty
Betty, It is a great indicator of activity.
Terry and Bonnie--Nice report for the Grand Rapids areas...You reports are always so well done.
Wow, your absorption rate is fantastic! We are still 18+. Do you feel your market is now stable and balanced?
Teri, That's what the public want so that's what we try to give. Thanks for the comment.
Diane, Some parts of our market are stabilizing but for the most part the buyers still control the transaction.