Grand Rapids Michigan Real Estate Blog

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East Grand Rapids Michigan Real Estate Market Report April- June 2010

Current Real Estate Market Report East Grand Rapids Michigan

East Grand Rapids MI Public Library

Second Quarter East Grand Rapids Real Estate Market Report

5 Month Absorption rate for East Grand Rapids MI housing market

 which means if no new listings come on the East Grand Rapids market, it will

take 5 months for the existing home inventory to sell.  The Absorption rate is

in normal range for East Grand Rapids homes.

 

There are 119 active listings on the East Grand Rapids market,

 a smaller inventory  than 3 months ago  ranging from

$67,000 to $3,500,000.

17 Pending Home Sales

53 Sold Homes with sold prices ranging from $ 72,800 to $ 1,050,000

 

Solds by Market Time

22 homes sold in the 0-30 days - 41.51%

9 homes sold in 31-60 days  - 16.98 %

9 homes sold in 61-90 days - 16.98%

6 homes sold in 91-120 days - 11.32 %

7 homes sold in 120+ days - 13.21%


The lower end of this market (under $300K) is the busy end

of the sales in the East Grand Rapids market.   Homes in the higher price

bracket are selling, but at a much slower rate and not at 2006 prices. 

The good news for sellers is that over 50% of the homes that are priced

correctly are seeing 92-93% of list price and selling in less than 60 days.

 

Other Blog articles about East Grand Rapids:

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

Free Friday Night Movies in the Park

 

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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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 1 commentTerry & Bonnie Westbrook • July 21 2010 11:08AM

Comments

Looking for great real estate information and advice in East Grand Rapids MI?

East Grand Rapids Michigan Real Estate Market Report April- June 2010

 

Current Real Estate Market Report East Grand Rapids Michigan

Please call to find your home for sale

Terry Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate

Grand Rapids, MI

More about me...

Westbrook Realty Broker-Owner

Address: 5673 Far Hill Drive SE, Grand Rapids, MI, 49546

Office Phone: (888) 240-1968 x 0

Cell Phone: (616) 292-7263

Email Me

Posted by Paul Walker, Scott AFB IL Area Realtor (Equity Fifty Five Realty, LLC) over 10 years ago

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