You are currently browsing the daily archive for May 27, 2009.
Lowell Michigan Real Estate Absorption Report ~ May 2009
Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.
It has really grown in the last 20 years, in many ways. Lowell has a great
school system, a thriving business community, a lively arts society, and
is one of the best kept secrets in Kent County.
These are the statistics for home sales in the Lowell School District.
Active Listings: 193 Active Listings
Average Price: $268,290
Price per Sq Ft: $133.97 (Main Floor only)
Average days on the Market: 159
PENDING: 31 homes
SOLD: 60 Sold Homes
Average Sold Price: $ 144,328
Average Sold Price Per Sq Ft: $ 87.07 (Main floor only)
Average Sold Days on the Market: 107
Expired: 83 Expired listings
These stats are figured from Jan 1, 2009 to May 28,2009
Absorption Rate for Lowell Listings is 10.6 months for the
current housing inventory. If no other homes enter the market, it
will take 10.6 months for the current homes to sell at the current
rate of sales. This is getting close to normal range of 6-8 months.
Lowell Homes that are priced competitively are selling.
As you can see by the statistics, the homes that have their price
per square foot under $90 are seeing the most activity. There are
quite a few foreclosure or short sale homes which are bringing
down the average sales price and square footage rates lower than
they might normally be, but both average list price and average sold
price are up from last months stats.
Some sellers have retired from the market and will try again soon,
filling an already saturated market.
They might find a better buying market, but price is still king.
Today’s buyer is looking for a well priced bargain in great condition.
Lowell Michigan Top Best Buys May 2009
Lowell Michigan Real Estate Market Report April 2009
Lowell Michigan Real Estate Market Report March 2009
Lowell Michigan Real Estate Market Report February 2009
If you would like additional information about Lowell
Area Homes, please contact me through email or my web site.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Current Absorption Report ~ Rockford Michigan ~ May 2009
Current Absorption Rate for Rockford Michigan is 15 months
on average, which means if no new listings come on the market,
it will take 15 months to sell current inventory. This is a small
decrease from last month. If you aren’t serious about selling
your Rockford home, don’t put it on the market. If you have
to sell, it must be priced correctly and be in excellent condition
with the huge inventory available, buyers can be very picky.
The under $200K market is moving faster than the over $200K.
Homes Less than $200,000 Since Jan 1, 2009 sold prices appear
to be still declining, even though 161 homes sold in
Rockford Public School District last month.
The over $200K market is rising in homes inventory but average
price per square foot seems to be stabilizing at $130/SqFt
.
258 Active Rockford MI Listings under $200,000
Sold Rockford Homes: 84
Pending Rockford Homes: 45
Average sold price $ 132,396
High Sold price $196,330
Low Sold price $40,000
Average Sold Price/SqFt $88.36
Over $ 200,000 Rockford MI Homes
232 Active Rockford MI Listings
Sold Rockford Homes 27
Pending Rockford Homes 5
Average Rockford List Price: $ 353,298
Average Rockford Sold Price: $ 308,656
Average Sold Price/SqFt $ 130.00
High Sold Price $ 585,000
Low Sold Price $200,000
Inventories have increased with the spring market and sales are
starting to take off in Rockford over the last month. The absorption
rate is 15 months, at least 6–9 months longer than a normal market .
It is imperative that you have your home in great condition and priced
correctly. Over-priced homes will not sell in this buyer’s market.
If you have any questions about a Rockford or
Grand Rapids MI homes, please contact me directly:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Rockford Michigan Absorption Report ~ April 2009
Rockford Michigan Absorption Report ~ Feb 2009
Rockford Michigan Absorption Report ~ January 2009
Rockford Michigan Top Best Home Buys ~ April 2009
Grand Rapids -Ada Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
Photo of Rockford Public Library – Downtown Rockford by Bonnie Westbrook
Current Caledonia MI Absorption Report
Absorption rate for Caledonia MI Market is currently 24 months,
which means if no other homes come on the market, it will take
24 months for the current inventory to sell at the current
sales rate. This stat is over double from last month.
There are 164 current active listings, from $39,000 to $1,284,900 in
Caledonia MI.
The current average Caledonia home listed price is much higher
[about $328,384] than the average sold price [$139,456].
19 Pending Home Sales, and 17 Sold Homes since Jan 1, 2009.
The average sold price/Square foot is $ 79.51
Sold High $270,000 Sold Low – $34,000
There are 6 homes over a million dollars listed, so this skews the
figures somewhat in the upper brackets.
However, the upper end of the Caledonia market is much slower
to sell (4 sales over $200K) than the lower end (under $200K) is selling.
Sold price per square foot continues to slide downward, overall. There are
some excellent buys in Caledonia, don’t wait until they are gone.
Caledonia April 2009 Real Estate Market Report
Caledonia March 2009 Real Estate Market Report
Caledonia December 2008 Absorption Report
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights Reserved
Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook
East Grand Rapids Michigan has a beautiful park at 650 Lakeside Drive SE
where United Bank is hosting the 2009 Summer Concert Series.
Bring a blanket and relax lake side to hear this local entertainment.
Tuesday June 9th – Hall Street 6 – 7:00-8:00 pm
Hall Street 6 is an electric group of musical professionals who have been
performing locally for over 10 years. They enjoy playing Jazz, Swing, & Dixie
music together.
Tuesday June 23rd – Karisa Wilson Band – 7:00-8:00 pm
This 4 piece band is comprised of local and regional professional
musicians who combine Folk Rock with Blues and Latin for a great
all around listening experience.
Tuesday July 7th – Steve Hilger Band – 7:00-8:00 pm
A 7 piece Blues band which plays original blues, traditional, acoustic,
electric, and some original pieces.
Tuesday July 21st – Silent Bark – 7:00-8:00 pm
This band covers all the bases. They have a variety of musical styles to
lean on in: Rock, Funk, Alt-Country, Folk, & Groove. The band plans an
evening of original compositions and unexpected musical twists.
Tuesday August 4th – The Barndogs – 7:00-8:00 pm
A local EGR band that started in 2001. They play songs that have been the background to their lives. They have been inspired by U2, Van Morrison, The Allman Brothers, and Johnny Rivers. You may hear music from these artists as well as some original songs.
Tuesday August 18th – Mid-Life Crisis – 7:00-8:00 pm
Back by popular demand, this popular 8 piece band has a full horn section and features 6 different singers. Performing music from the 60’ & 70’s, they have opened for many national hit bands.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Current market conditions have brought home prices down to levels
we haven’t seen in 10 years. All price levels and amenities have been
affected.
Spring is a great time to purchase a Waterfront Home in Kent
County, Michigan.
This month has a list of 17 homes in Eastern Kent County in the
$200,000 to $300,000 price range with private water frontage.
DOM Address Price
60 8181 84th St SE 209,900
42 8555 Je Ne Be Dr NE 234,900
93 7744 Thornapple Bayou Dr 235,000
247 7020 Thornapple River Dr 259,900
15 7214 Ramsdell Dr NE 249,900
218 2474 Grand River Dr NE 274,900
177 3001 Thorncrest Dr SE 249,900
251 7349 Kilmer Dr SE 275,000
68 5901 Coit Ave NE 269,900
58 5956 Myer Lake Ave NE 269,876
125 9101 Parmeter Ave NE 295,000
93 472 9 Mile Rd NE 249,900
220 8870 Brower Lake Rd NE 299,900
82 6980 Kitson Dr NE 299,900
15 7268 Peninsula Dr NE 209,900
30 7850 Peterson St NE 224,900
20 3300 Shadyside Dr NE 217,900
If you are eligible for a first time buyer tax credit, buying this home could
be less than you think. The above link will take you to an explanation
of the 2009 tax credit and some possible applications I have provided.
If a leisure lifestyle appeals to you, this may be the perfect time to make
your move. I am always available for questions or details concerning
West Michigan real estate.
Contact me at:
ph. 888-240-1968 x 0
Top Buys Kent County Waterfront Homes April 2009
Top Buys Kent County Waterfront Homes March 2009
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
The Residences at Watermark are located on Watermark Golf Course just
south of Cascade Road. Yes, I play Watermark golf course every chance
I get. Watermark is a premier course with friendly players.
It has an excellent grounds staff and a great pro shop staff, as well.
Watermark single family homes and condos make this a very attractive
place to live. Quality built homes with access off Cascade Road and
Spaulding Drive, you are close to the airport, 28th Street shopping,
I96 expressway and close to Cascade, Ada, and Forest Hills
schools and shopping areas.
Watermark Residences
May 2009 Real Estate Market Report
For Sale: 7
There are 7 active Watermark Homes currently on the market.
The median Watermark Homes current active price is $ 579,900
The average Watermark Homes current price per sq ft is $ 267.15
The average days on the market for active Watermark Homes is 216
The high price is $ 2,700,000 and the low price is $ 369,900.
Sold: 1
There has been 1 Watermark Sold Homes since Jan 1, 2009.
The average Watermark Sold Home price is $ 440,000
The average Watermark Sold Homes price per sq ft is $206.57
The average days on the market for Watermark Sold Homes is 73.
Pending: 0
Expired: 6
At the current rate of sales, we have a 35 month Absorption rate at the
Watermark Residences. This means that it will take 35 months for the
current listed homes to sell based on the current rate of sales.
Watemark buyers don’t seem to be interested at the present prices.
The listed avg. price/square foot is about $60 more than the only sale
so far this year. The $2.7 million home does inflate the figures a tad
but price/sq ft should be similar. Summer may see more activity but
I see overpriced homes and buyers just aren’t buying overpriced homes.
Additional articles about Watermark Residences:
Watermark Residences March 2009 Market Report
Watermark Residences December 2008 Market Report
Watermark Residences October 2008 Market Report
Watermark Country Club ~ Pool Time
If you would like further information about Watermark Residences
Cascade or Forest Hills Homes, please contact me directly:
1-888-240-1968 ext 0
Grand Rapids – Ada Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
photo of Watermark Residences Entrance by Bonnie Westbrook
