You are currently browsing the daily archive for December 15, 2008.
Wyoming Michigan Real Estate Market Report
The Absorption Rate for Wyoming MI Homes is
7.3 months supply, which means that if no new
homes enter the market, it will take 7.3 months
to deplete the existing inventory of homes.
There are currently 161 Active Listings in
Wyoming.
Since July 1, 2008, there have been 133 SOLD
and Pending Wyoming MI Homes.
The high SOLD Price is $ 236,835, the low sold price is $ 53,000.
The average Sold Price is $ 96,754.
The average List Price is $ 100,627.
If you have questions about your Wyoming MI or Grand Rapids home,
please contact me directly.
Grand Rapids Ada Real Estate Five Star Real Estate
Copyright 2008 All rights reserved
Grand Rapids Township Current Real Estate Market Report
Current Absorption Rate for Grand Rapids Township homes is 10 months,
which means if no new listings come on the market, it will take 10 months
to sell the existing inventory of homes.
136 Sold and Pending Grand Rapids Township Homes since 7-1-08.
There are 196 Active listings currently for sale.
The average List price is $ 316,107.
The average SOLD price is $ 229,500.
If you have questions about Grand Rapids Township or Grand
Rapids homes, please contact me directly.
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook
The Question of the Day: Do we Remodel or Move??
Dreaming of a back yard deck addition? Should you spend the money to
add it on or should you sell and look for a home with a deck already added?
Maybe you could get that extra bath since your teenager is in the bathroom
most of time.
The Wall Street Journal advises in this article: Questions you should
ask yourself before you hire a contractor or call a realtor.
So many things enter into the decision.
Sometimes it just gets down to:
Do you like the home you are in well enough to invest money into it?
Even knowing you may never get the investment back. You will enjoy the
improvements (a new deck) and you really don’t want to move. Your kids
like the school system, you are close to your elderly parents, so many
reasons to consider before you decide to remodel or move.
In this economy many contractors are more than anxious to talk to you
about improvements and the cost to complete your dream project may
never be lower. With the combination of lower interest rates, contractors
that are willing to complete projects for bargain prices, and the current
market in your area, it may be your best option to stay and invest in your
current home.
If you are contemplating a remodel, I would be happy to give you my
opinion on the return of investment for your home. This is just another
option to consider in your decision. Please contact me directly.
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
Current Real Estate Market Report for East Grand Rapids MI
Absorption rate for East Grand Rapids MI housing market is currently
at 13.8 months, which means if no new listings come on the
East Grand Rapids market, it will take 13.8 months for the existing
home inventory to sell.
There are 142 active listings on the East Grand Rapids market now,
ranging from $70,000 to $4,000,000.
12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 449,900.
60 Sold Homes with sold prices ranging from $ 93,500 to $ 1,275,000
since June 1, 2008 in the East Grand Rapids housing inventory.
The lower end of this market (under $300K) has been 2/3 of the sales
in the last six months.
If you have any questions about the value of your East GR home,
please contact me.
Grand Rapids Ada MI Real Estate ~ Five Star Realty
copyright 2008 All rights reserved
Photo of East Grand Rapids Public Library by Bonnie Westbrook
Current Caledonia Real Estate Market Report
Absorption rate for Caledonia Market is currently 13.28 months, which
means if no other homes come on the market, it will take 13.28 months
for the current inventory to sell. This is a 4 month increase from last
month. If you are marketing your home in Caledonia you need to
be priced at the market price for your neighborhood.
There are 136 current active listings, from $60,900 to $1,100,000 in
Caledonia MI.
16 Pending Homes Sales & 77 Sold homes in Caledonia since
July 1, 2008.
The current average sold home price is about $10K lower than November.
December average sold price is $187,754 .
Average day on market for sold homes is 119 days.
If you have questions about your Caledonia home’s value, or are
looking to buy a Caledonia home, please contact us. Our team offers
the best web marketing available and years of experience in
negotiating offers for clients.
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2008 All rights Reserved
Photo of Thornapple River at Ruehs Park by Bonnie Westbrook
The Dept of Energy announced Thursday that it has awarded Michigan
State University, the Facility for Rare Isotope Beams (FRIB), a
large federally funded research lab that will create hundred of jobs and up
to a billion dollars for our local and state economy.
This building project will take about 10 years to complete. The lab will
eventually employ 1000 university and student researchers, graduate
students, and post doctoral associates from the international community.
The Facility for Rare Isotopoe Beams will also conduct research into the
origins of the earth’s elements and the development of the cosmos.
Michigan State University also is home to the National Superconductor and
Congratulations to MSU for its award of this scientific facility, which
should bring a much needed boost to Michigan’s economy. Once this
sprawling facility is completed, the hundreds of scientists and skilled staff
needed to operate it will also bring intellectual wealth to our state.
If you aren’t a rocket scientist, you might like to check out the additional
information about rare isotope beams here: Office of Nuclear Physics
Grand Rapids Ada MI Real Estate ~ Five Star Real Estate
Copyright 2008 All rights reserved
Nuclei chart from Dept of Energy web page
