Current Caledonia MI Absorption Report
Absorption rate for Caledonia MI Market is currently 4.6 months,
which means if no other homes come on the market, it will take
4.6 months for the current inventory to sell at the current
sales rate. This stat is down by one third+ less than last year’s figure.
We are seeing a definite upturn in sales in Caledonia homes and
sell times are currently returned to a "normal" range of 3-6 months.
There are 125 current active listings, from $77,900 to
$1,195,000 in Caledonia MI.
Current average Caledonia home listed price is much higher
[about $297,773] than the average sold price [$166,914].
37 Pending Home Sales, and 44 Sold Homes since Jan 1, 2010.
The average sold price/Square foot is $ 92.89
Sold High $425,000 Sold Low - $57,400
There are 3 homes in million dollar+ range listed, so this skews
the figures somewhat in the upper home price brackets.
The Caledonia market has been busy so far this year; buyers
bought 6 homes under $100K, the majority of homes purchased
were between $100-200K.
Currently, there are only 9 homes listed under $100K, 39 homes
listed between $ 300K-999,999K, and that means that 77 homes
are listed between $100K and 299,999K, many 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 2010 All rights Reserved
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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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Terry--Sounds like homes are moving in the Caledonia market...lots of first time buyers getting in on the expiring tax credit no doubt. Nice report as always.