Grand Rapids Michigan Real Estate Blog

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East Grand Rapids Michigan Real Estate Market Report Oct 2010

 

East Grand Rapids MI Real Estate Market Report Oct 2010

East Grand Rapids MI neighborhood

East Grand Rapids Neighborhood 

Active listings  - 111

High Price – $ 3,500,00

Low Price – $ 132,600

 

 Pending Home Sales – 16

High Price – $ 999,900

Low Price -  $ 99,900

 

 Sold Homes – 41

High Price – $ 699,000

Low Price -  $ 112,000

 

Absorption rate for East Grand Rapids MI housing market is

just under 6 months, if no new listings come on the East Grand

Rapids market, it will take 6 months for the existing home inventory

to sell.


The middle of this market (over $200K-400K) is the busy end

of the sales in the third quarter, with 19 of the 41 sales tallied. 

With the current lowest list price at $ 132,600, the bargain basement

days in EGR housing are over.  Homes on the higher priced shelf are

selling, but at a slower rate.

 

 

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

 

 

 

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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!

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Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 0 commentsTerry & Bonnie Westbrook • October 07 2010 09:24AM

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