Current Caledonia MI Absorption Report
Absorption rate for Caledonia MI Market is currently 7.16 months,
which means if no other homes come on the market, it will take
7.16 months for the current inventory to sell at the current
sales rate. This stat is one third+ less than summer's figure.
We are seeing a definite upturn in sales in Caledonia homes and
sell times may be returning to a "normal" range of 3-6 months.
There are 123 current active listings, from $49,900 to
$1,100,000 in Caledonia MI.
Current average Caledonia home listed price is much higher
[about $293,852] than the average sold price [$136,037].
25 Pending Home Sales, and 52 Sold Homes since Jan 1, 2009.
The average sold price/Square foot is $ 84.61
Sold High $290,000 Sold Low - $34,000
There are 2 homes in million dollar + range listed, so this skews the
figures somewhat in the upper home price brackets.
The Caledonia market has been busy this year; buyers bought 8 homes
under $100K, the majority were between $100-200K.
Average sold price/square foot and average sold price overall lost
ground this year. There are 14 homes listed under $100K, and lots
of opportunities in the middle brackets to own a home in Caledonia.
With interest rates bound to rise, buying now could save you
thousands of dollars over the life of your mortgage.
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Grand Rapids Real Estate ~ Westbrook Realty
Copyright 2009 All rights Reserved
Photo of Snow Covered Fir Trees 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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Beautiful photograph. 6-7 months here as an absorption rate, is a "normal" market, whatever that means anymore. ;-)
Terry I hope the coming year brings improvement to your market and the inventory levels drop!
Wonderful photogragh Terry. Sacramento is also experiencing an upturn! I am very hopefull that by the holidays of 2010, we will see an entirely different world and economy!
Teri: Market is approaching normal but prices are still soft.
Bill: Thanks for stopping by next year looks like it might start out strong.
Myrl, Me too the market is poised for recovery - if we can get a few more jobs consumer confidence will return.
Terry and Bonnie
Caledonia looks like it is alive and well; I love the pictures of the spruces.
Tom, It is a great area near Grand Rapids and it does have a lot to offer.
Good news and I certainly do love the photo!
your friend in Charlottesville!
Terry I just wanted to drop in and give you best wishes for a fantastic 2010!
Charles, we do have segments of the market that are doing well and we see buyers looking a bit more.
Bill, Thanks for the good wishes. We all need a good 2010 not just our industry.