East Grand Rapids is a small city, population of 10,784 located just east of Grand Rapids
city limits. It has been a desired place to live in the Grand Rapids area for many years.
It is primarily residential with some commercial business areas. Many homeowners are
attracted by Reeds Lake which plays a prominent role in the community, its award winning
public school system, proximity to downtown Grand Rapids, and its overall small town feeling.
This is definitely a community that you can walk to school, the ice cream store, or just
around the tree lined blocks to visit the picturesque lakes, Reeds Lake & Fisk Lake.
Homes range in all prices here in East Grand Rapids. There are small 3 bedroom
bungalows and ranches that were built just before and after WWII, there are
mega-mansions built on the shores of Reeds Lake for wealthy citizens, and all ranges
in between.
RESIDENTIAL REAL ESTATE MARKET ~ EAST GRAND RAPIDS MI ~ AUGUST 2008.
Homes Listed at $850,000 +
5 For Sale
Average price $ 2,092,980
High $4,000,000 Low $1,175,000
Average Days on Market 78
1 Home Sold - $ 1,275,000
50 Days on the Market
3 Home Listings Expired
Average Price: $ 1,233,333
Average Days on Market: 156
Homes Listed $450,000 to $ 850,000
18 Homes Available
Average price $ 583,083
Average Days on Market 83
1 Home Pending Sale
Price: $599,000 59 Days on Market
5 Homes Sold, 9 Expired
Average Sold Price: $ 531,000
Average Days on Market: 33
Average Expired Price: $606,366
Average Days on Market: 114
Homes Listed $ 300,000 - $ 450,000
37 Homes Available
Average Price: $ 374,118
Average Days on Market: 67
1 Pending, 10 Sold, 12 Expired, 1 Withdrawn
Average Sold Price: $355,440
Average Days on Market: 76
Average Expired Price: $395,941
Average Days on Market: 100
Homes Listed $ 200,000 - $300,000
30 Homes Available
Average Price: $ 257,899
Average Days on Market: 94
30 Sold Homes, 10 Expired, 3 Withdrawn
Average price: $154,303
Average Days on Market: 54
Homes Listed $0- $200,000
36 Available
Average Price: # 166,163
Average Days on Market: 68
9 Pending Sales
Average Price $ 150,100
Average Days on Market: 71
32 Sold Homes
Average Price: $170,306
Average Days on Market: 41
If you would like to know the value of your East Grand Rapids Home
in this market, please contact me directly.
Grand Rapids -Ada MI Real Estate ~ Copyright 2008 - Westbrook Realty
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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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Hi Terry,
Very nice market report. What a wide range of prices you have in one community! (FYI, I haven't heard from SK yet...any suggestions email me!)
Terry----E Grand Rapids seems like a nice town with a wide range of prices for homes. A 14 month inventory? We are blessed here in OK. check out the report Mustang's sister town, Yukon, OK July sales dip slightly
Steve: nice to hear other parts of the country are doing well.
Diane: East is a nice community with older home with great neighborhoods.
Terry: Nice market report, I liked the way you broke it down by pricing category.
www.kathytorline.com
Kathy: With so many options it makes it easier to see the activity level in each price range.