Grand Rapids Michigan Real Estate Blog

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Caledonia MI Absorption Rate Report ~ Dec 15, 2008

Current Caledonia MI Real Estate Market Report

Thornapple River at Ruehs Park Caledonia MI

 

Absorption rate for Caledonia MI Market is  currently 9.4 months, which means if

no other homes come on the market, it will take 9.4 months for the current

inventory to sell at the current sales rate.

There are 135 current active listings, from $44,900 to $1,100,000 in 

Caledonia MI.

13 Pending Homes Sales, and 74 Sold Homes since July 1, 2008.

The current average Caledonia home listed price is about $10K lower than

November which could be the time of year rather than a real drop in value.

 (Not as many people want to move in the winter)

 

If you have any questions about Caledonia or Grand Rapids MI homes,

please contact me directly.

 

Grand Rapids  Ada Real Estate  ~ Westbrook Realty

Copyright  2008 All rights Reserved

Photo of Thornapple River at Ruehs Park by Bonnie Westbrook

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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 4 commentsTerry & Bonnie Westbrook • December 15 2008 12:48PM

Comments

Terry--That absorption rate is significant but not unlike what we are seeing in the north metro suburbs of the Twin Cities. This is one of those statistics that sellers need to understand. Good information!

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) almost 12 years ago

Teri: I agree, some sellers need it more than others it is difficult to accept that we need to be priced great and look better than everyone else or we will not sell.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 12 years ago

This has one of the lower rates for homes in our area, Caledonia continues to be a choice for many to move to.

Posted by Bonnie & Terry Westbrook, Grand Rapids MI Real Estate (Westbrook Realty) almost 12 years ago

Bonnie: It is a great choice good prices and nice homes.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 12 years ago

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