Grand Rapids Michigan Real Estate Blog

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Caledonia Michigan Absorption Report ~ Dec 22, 2008

Crystal Springs Development in Caledonia, Michigan is a large, residential

suburban housing development that was started in the late 1980's and

most construction was finished in the 1990's although some newer homes

have been built since 2000. There are also a few vacant lots left to develop.

This development covers a large area around the Stonewater Golf Course

at Crystal Springs south of 68th Street to 72nd Street and encompassing

Kalamazoo Avenue on the east and west.  This development has single

family homes and condos, many located right on the Stonewater Golf Course

The public school system is Kentwood, even though the address is Caledonia.

Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,

Kentwood High School, and a short hop to M-6, which is the south beltline for

the Greater Grand Rapids area connecting US 131 on the west and I96 on the

 east side of the city.

 

Kentwood High School

                   December 2008 Real Estate

                    Residential Market Report

                Crystal Springs Neighborhood

The absorption rate for Crystal Springs, Caledonia MI is 14.7 months,

which means if no new listings come on the market, it will take 14.7 months

 for the current homes inventory to sell at the current rate of sale.

 

Active Listings:  28 Active Crystal Springs Listings

Average Price: $250,509

Price per Sq Ft: $107.09 (Main Floor only)

Average days on the Market: 109

PENDING: 0 homes

SOLD: 23 Crystal Springs Sold Homes

Average Price: $ 205,735

Average Price Per Sq Ft: $ 96.63 (Main floor only)

Average Days on the Market: 71

Expired: 29 Expired Crystal Springs listings

Average Expired Price: $254,748

Average Price Per Sq Ft: $108.34 (Main floor only)

Average Days on the Market: 146

 

Crystal Springs Homes that are priced competitively are selling.

As you can see by the statistics, the homes that have their price

per square foot around $100 are selling in under 3 months. 

Many sellers have retired from the market and will try again in

 the spring.  They might find a better buying market, but prices are

still on the downward trend.  With lower interest rates, this may

spur the local economy and put more buyers into the game.

 

Watermark CC purchases Crystal Springs GC

Crystal Springs GC has a new look & a new name

Caledonia MI Sept 2008 Real Estate Market Report

Kentwood MI Real Estate Market Report Oct 2008

Caledonia MI Crystal Springs Market Report Oct 2008

Caledonia MI Crystal Springs Market Report Nov 2008

 

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate ~Westbrook Realty  Copyright 2008 All rights reserved

photo of Kentwood High School  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 0 commentsTerry & Bonnie Westbrook • December 22 2008 10:05AM

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