Kentwood Michigan is a large suburb of Grand Rapids with a population
under 50,000. It has manufacturing, shopping centers, and lots and lots
of residential housing. Kentwood Public Schools are one of the largest
school systems in the area with over 9000 students and 16 buildings within
a 24.25 square mile area.
The downward trend of the last few years in Kentwood home sales has been
continuing this year, with most of the fall due to foreclosures and bank owned
homes flooding the market with homes at bargain prices. The upper end
homes in Kentwood are sitting on the market, most at prices too high for
todays timid buyers. Your list price has to be close to the sale price or your
home just doesn't get serious buyer activity.
In 2006, Kentwood has 495 home sales with an average sold price:$159,788.
In 2007, Kentwood had 434 homes sales with an average sold price:$151,009.
In 2008, Kentwood had 722 home sales with an average sold price: $115,127.
Home sales for Kentwood in the $70,000 to $150,000 price range total
of 140 selling in the third and fourth quarter of 2008.
Kentwood Absorption Rate for this price range is 12.26 months, at the
current rate of sale (which means if no new listings come on the market, it
will take 12.26 months to sell the listed homes).
Average Kentwood sold price: $116,503
Average Kentwood Sold Price per Sq Ft: $87.48
Average Kentwood List Price: $ 124,725
Average Kentwood List Price/SqFt: $ 97.90
Home Sales for Kentwood MI in the $150,000 to $400,000 Price Range
Third & Fourth Quarter Home Sales for Kentwood in this price range are 30.
Kentwood Absorption Rate for this price range is 35.6 months.
Average Kentwood Sold Price is $181,414
Average Kentwood Sold Price per Sq Ft is $101.66
Average Kentwood List Price: $ 186,727
Average Kentwood List Price/SqFt: $ 107.02
Kentwood MI Real Estate Market Report Oct 2008
Kentwood MI Real Estate Market Report November 2007
Kentwood MI Real Estate Market Report January 2008
If you would like additional information about Kentwood or
Grand Rapids Homes, please contact me directly. These free reports can
be emailed to your inbox, contact me.
Grand Rapids Ada Real Estate Westbrook Realty
Copyright 2009 All rights reserved
photo of Kentwood High School Football Stadium 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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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Terry, your market looks like it's about the same as our's is....seriously, I think - but for - a couple of areas in the United States, that it looks like this all over. Hopefully 2009 will top 2008! ;-)
Teri: The year appears to be starting with more activity we could use some good news.