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Caledonia Michigan Real Estate Market Report April - June 2010

Caledonia Michigan Real Estate Market Report  April - June 2010

Absorption rate for Caledonia MI Market is  currently 6.5 months, which means if no other

homes come on the market, it will take 6.5 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

slowdown after the first quarter uplift in sales in Caledonia homes.  Sell times are currently

edging out of the  "normal" range of 3-6 months and back to a buyer's market.

 

Caledonia MI Public Library


153 current active listings

High price - $1,145,000

Low price - $ 49,900

Current average  List price $272,376

Current average sold price $200,148

26 Pending Sales

44 Sold Homes

Average sold price/Square foot is $ 101.95

Sold High $525,000

Sold Low - $22,500

1 home in million dollar+ range skews the figures somewhat in the upper home price brackets.


The Caledonia market has been busy so far this year; buyers bought 2 homes

under $100Kthe majority of homes purchased were between $100-300K.    Currently,

there are only 10 homes listed under $100K, 39 homes listed  over $ 500K, and that means

77 homes are listed between $100K and 499,999K, many opportunities in the middle

brackets to own a home in Caledonia. In general, higher priced listings are seeing

downward pricing pressure from buyers.

With interest rates at record low levels, buying now could save you thousands

of dollars over the life of your mortgage.


Caledonia Michigan Articles

Caledonia Michigan Real Estate Articles

Caledonia Michigan Video Tour

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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Comment balloon 1 commentTerry & Bonnie Westbrook • July 08 2010 04:40PM

Comments

Nice statisitcs.  How should buyers & sellers use them to their advantage?

Posted by Loan Survivor Real Estate Financing Expert (Purchases, First Time Buyers, Pre-Approvals, Refinance) over 9 years ago

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