Grand Rapids Michigan Real Estate Blog

Another Amazing Real Estate Tale from Grand Rapids Michigan

Thu, 17 May 2012 13:58:18 -0700

Another Amazing Real Estate Tale from Grand Rapids Michigan

I have a story to tell you, about a house that wouldn't sell.

This is a true story but the names and places will be omitted

so that no home sellers are injured. This won't be a new story

for anyone in the real estate business for the last 4-5 years.

But apparently, people in the consumer selling arena still

aren't familiar with the facts of home selling these days.

There was a VERY NICE home in a VERY NICE neighborhood

ina VERY NICE community near you. The community has ex-

cellent schools, low home inventory, and lots of people who

would like to live there. The home owners listed their VERY

NICE home with a local company and waited.

BUT, the home didn't sell.

And it didn't sell.

I am sure the original listing agent suggested a price decrease.

Well, wouldn't you? But they got a different agent, a friend in their

church group had just enterd the real estate business. They were

sure that the new agent would be able to sell the home at

their price. She was so nice.

And it didn't sell.

So they got a different real estate agent again.

The sellers knew that a really big company with lots of agents

to sell their home would make all the difference and they could

get the price they wanted. The new agent was recommended by

a neighbor. But they had their price in mind, they were firm.

And it didn't sell.

So they interviewed 3 agents and hired the one with the best

marketing program. Their home was exposed to every venue

on the internet and to some they never had heard of. This was

going to work this time, even with their original price. They had

a marketing genius!

And it didn't sell.

They had lots of showings. In fact, when the phone rang, the

lady of the house cringed because she was tired of preparing

their home for showings with no offer. It was so discouraging.

But their agent said, "You just never know, this might be "the one"."

They got an offer. It was below what they were asking by about

12%. Should they be insulted? Should they consider this offer?

Their agent had been asking for a price decrease. Was this a

reasonable offer? Their home had been on the market for

almost 3 1/2 years at the same price. But they had put so much

money into it.

To protect the innocent, and move the story along, the Listing Agent

was finally able to negotiate the offer acceptance.

And the home sold.

Moral of the Story: Home prices will flucuate on what buyers

feel the home is worth. Buy a home to live in and enjoy but

when it is time to sell, the current market will dictate the price.

Sometimes you win, and sometimes you lose.

_____________________________________________

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

OUR FLICKR PHOTOSTREAM

________________________________________________________

Caledonia Michigan ~ Crystal Springs Real Estate Market Report Sept 2008

Tue, 23 Sep 2008 09:11:13 -0700

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 Crystal Springs Golf Course

grounds 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 Crystal Springs Golf Course. (See related

article on the acquisition of Crystal Springs Golf Club)

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.

Real Estate Residential Market Report

Crystal Springs September 2008

31 For Sale, 2 Pending, 17 Sold

Address Price Sq Ft $/Sq Ft DOM

FOR SALE:

7439 Stillwater Dr 449,900 3200 140.59 28

7350 HeatherRidge Ct 350,000 2784 125.71 38

7125 Misty Morning 190,000 1820 104.39 14

1285 68th St 159,900 2349 68.07 17

1481 Crystal Valley 299,900 2270 132.11 62

6958 Fairway Vista 169,900 1504 112.96 173

7535 Barn Swallow Ct 169,900 1516 112.07 129

1931 Hollow Creek 184,900 2000 92.45 181

6950 Kalamazoo 189,900 1765 107.59 160

7450 Missoula 197,440 2736 72.16 249

6892 Crystal View 199,900 1714 116.62 96

1634 Sweet Grass 199,900 2000 99.95 174

2026 Blackmountain 209,000 2112 98.95 18

1424 Silver Springs 219,900 2544 86.43 105

7041 Dale Hollow 219,900 2172 101.24 11

7211 Meadowgrass 229,900 2164 106.23 152

1563 Old Lantern Ct 234,900 2402 97.79 238

1438 SilverSprings Ct 289,900 2628 110.31 35

7320 Old Lantern 239,900 2016 123.95 56

1845 Hollow Creek 224,900 2000 112.45 111

7277 Misty Morning 259,900 2270 114.49 181

7272 Misty Morning 275,000 2386 115.25 170

7036 Crystal View 279,000 1683 165.77 160

7368 Old Lantern 279,900 2390 117.11 180

7394 Old Lantern 289,000 3100 93.22 59

7387 Old Lantern 289,900 2875 100.83 55

1907 Landoshire Ct 214,900 1820 118.07 46

7096 Summit Hill 299,900 3022 99.23 33

6882 Crystal View Ct 249,000 1806 137.87 51

7095 Crystal View 315,000 2555 132.68 105

7350 Old Lantern 349,900 3031 115.44 63

PENDING:

2078 Eaststone St 169,900 1924 88.30 84

1588 Crystalline Dr 104,900 1620 64.75 148

SOLD:

1460 CrystalValley Ct 213,00 2652 80.31 85

7350 Royal Ridge 335,000 3900 85.89 53

7429 Old Lantern Dr 298,000 3800 78.42 77

1361 68th St 226,500 1771 127.89 182

7222 Crystal Stone 151,223 1504 100.54 48

6950 Old Lantern Dr 145,100 2671 54.32 6

2086 Eaststone 145,500 1644 88.50 46

2116 Glen Canyon 153,000 1368 111.84 47

7377 Misty View Ct 161,000 1407 114.42 104

1776 Spring Meadow 165,900 1592 104.20 102

7193 Meadowgrass 166,500 1536 108.39 30

7079 Old Lantern Dr 175,000 2135 81.96 8

7561 Barn Swallow 178,000 1189 149.70 88

7458 Misty View Ct 219,000 2112 103.69 36

7474 Old Lantern Dr 261,900 2500 104.76 40

7361 KingsCrossingCt 280,500 3220 87.11 71

1370 KingsCrossingDr 390,000 4954 78.72 105

The average 2008 sold price for Crystal Springs homes

is $216,347.

The average price per square foot [main floor(s)] is

$ 98.06 for sold Crystal Springs homes in 2008.

The average 2008 Days on the Market for Crystal Springs

are 66 for sold homes.

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

________________________________________________________

Caledonia, Michigan ~ Crystal Springs September 2008 Real Estate Market Report

Fri, 12 Sep 2008 11:57:24 -0700

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 Crystal Springs Golf Course

grounds 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 Crystal Springs Golf Course. (See related

article on the acquisition of Crystal Springs Golf Club)

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.

September 2008 Real Estate

Residential Market Report

Crystal Springs Neighborhood

29 For Sale, 2 Pending, 17 Sold

Address Price Sq Ft $/Sq Ft DOM

FOR SALE:

1424 Silver Springs 219,900 2544 86.43 95

1285 68th St 159,900 2349 68.07 7

1481 Crystal Valley 299,900 2270 132.11 52

6958 Fairway Vista 169,900 1504 112.96 163

7535 Barn Swallow Ct 169,900 1516 112.07 119

1931 Hollow Creek 184,900 2000 92.45 171

6950 Kalamazoo 189,900 1765 107.59 150

6892 Crystal View 199,900 1714 116.62 86

1634 Sweet Grass 199,900 2000 99.95 164

2026 Blackmountain 219,000 2112 103.69 8

7211 Meadowgrass 229,900 2164 106.23 142

1563 Old Lantern Ct 234,900 2402 97.79 228

7450 Missoula Dr 207,609 2736 75.88 239

7439 Stillwater Dr 449,900 3200 140.59 18

7320 Old Lantern 249,900 2016 123.95 46

1845 Hollow Creek 224,900 2000 114.95 101

7277 Misty Morning 259,900 2270 114.49 171

7272 Misty Morning 275,000 2386 115.25 160

7036 Crystal View 279,000 1683 165.77 150

7368 Old Lantern 279,900 2390 117.11 170

7394 Old Lantern 289,000 3100 93.22 49

7387 Old Lantern 289,900 2875 100.83 45

7096 Summit Hill 299,900 3022 99.23 23

7095 Crystal View 315,000 2555 123.28 95

7350 Old Lantern 349,900 3031 115.44 53

1907 Landoshire Ct 214,900 1820 118.07 36

6882 Crystal View 249,000 1806 137.87 41

1438 Silver Springs 289,900 2628 110.31 25

7350 Heather Rdg 350,000 3500 100.00 28

PENDING:

2078 Eaststone St 169,900 1924 88.36 84

1588 Crystalline Dr 104,900 1620 64.70 148

SOLD:

1361 68th St 226,500 1771 134.10 182

1460 Crystal Valley 213,000 2652 90.12 85

6950 Old Lantern Dr 145,100 2671 54.32 6

2086 Eaststone 145,500 1644 88.50 46

2116 Glen Canyon 153,000 1368 110.38 47

7377 Misty View Ct 161,000 1407 114.42 104

1776 Spring Meadow 165,900 1592 103.95 102

7193 Meadowgrass 166,500 1536 108.39 30

7079 Old Lantern Dr 175,000 2135 81.96 8

7561 Barn Swallow 178,000 1189 149.70 88

7458 Misty View Ct 219,000 2112 103.69 36

7474 Old Lantern Dr 270,000 2500 108.00 40

7361 KingsCrossingCt 280,500 3220 87.11 71

1370 KingsCrossingDr 390,000 4954 78.72 105

7350 Royal Ridge 335,000 3900 85.89 77

7429 Old Lantern Dr 298,000 3800 78.42 77

7222 Crystal Stone 155,900 1504 103.65 48

550 homes have sold so far this year in the Kentwood

School District and the average price is $121,303.

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968

photo of birdhouse 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

________________________________________________________

Caledonia, Michigan ~ Crystal Springs August 2008 Market Report

Tue, 05 Aug 2008 10:15:20 -0700