Grand Rapids Michigan Real Estate Blog

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Caledonia MI Real Estate Absorption Report ~ Crystal Springs Feb 2009

Crystal Springs ~ Kentwood Absorption Report February 2009

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 kentwood mi

                   February 2009 Real Estate

                    Residential Market Report

                Crystal Springs Neighborhood

 

Active Listings: 25 Active Listings

Average Price: $255,554

Price per Sq Ft: $105.27 (Main Floor only)

Average days on the Market: 123

 

PENDING: 4 homes

 

SOLD: 24 Sold Homes

Average Price: $ 204,579

Average Price Per Sq Ft: $ 96.31 (Main floor only)

Average Days on the Market: 77

 

Expired: 36 Expired listings

Average Expired Price: $256,977

Average Price Per Sq Ft: $109.03 (Main floor only)

Average Days on the Market: 154

 

Absorption Rate for Crystal Springs Listings is 12.5 months for the

current housing inventory. If no other homes enter the market, it

will take 12.5 months for the current homes to sell at the current

rate of sales.

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

Caledonia MI Crystal Springs Market Report Dec 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 2009     All rights reserved

photo of Kentwood High School Football Stadium by Bonnie Westbrook

_____________________________________________

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 2 commentsTerry & Bonnie Westbrook • February 26 2009 10:32AM

Comments

Terry--I could live with 77 days on the market. I notice actives have a longer DOM stat. Interesting. Good report on Caledonia market!

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

Teri: It is a nice rural area that is growing into a suburban community .

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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