Crystal Springs ~ Kentwood Absorption Report August 2009
Crystal Springs Development in Caledonia, Michigan is a large, residential
suburban housing development that was started in the late 1980's and
most construction was finished in the 1990's although some newer homes
have been built since 2000. There are also a few vacant lots left to develop.
This development covers a large area around the Stonewater Golf Course
at Crystal Springs south of 68th Street to 72nd Street and encompassing
Kalamazoo Avenue on the east and west. This development has single
family homes and condos, many located right on the Stonewater Golf Course.
The public school system is Kentwood, even though the address is Caledonia.
Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,
Kentwood High School, and a short hop to M-6, which is the south beltline for
the Greater Grand Rapids area connecting US 131 on the west and I96 on the
east side of the city.
Jan-Dec 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 12 Active Listings
Average Price: $255,916
Price per Sq Ft: $101.86 (Main Floor only)
Average days on the Market: 143
PENDING: 2 homes
SOLD: 33 Sold Homes
Average Price: $ 216,674
Average Price Per Sq Ft: $ 92.91 (Main floor only)
Average Days on the Market: 107
Absorption Rate for Crystal Springs Listings is 4.3 months for the
current housing inventory. If no other homes enter the market,
it will take 4.3 months for the current homes to sell at the current
rate of sales.
Crystal Springs Homes that are priced competitively are selling.
As you can see by the statistics, most of the homes that have their price
under $100/square foot are selling. Sales have started to rebound in
this neighborhood from last year's abysmal rates. Although on the
downside, the average price has fallen another 13% since summer.
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
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!
Contact Terry 616-292-7263