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.
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 $100K, the 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 Real Estate Articles 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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Nice statisitcs. How should buyers & sellers use them to their advantage?