You are currently browsing the daily archive for August 11, 2009.
Current Absorption Rate for Grand Rapids Township homes is 6.3 months,
which means if no new listings come on the market, it will take 6.3 months
to sell the existing inventory of homes. The average sold home price has
went down slightly from last month, but prices seem stable. Summer
inventory is up compared to last month and absorption rate is at normal
levels.
If you want your Grand Rapids Township home to sell for top dollar,
it must be in tip top condition and priced to sell.
There are 175 Active listings currently for sale.
The average List price is $ 311,630
Average List price $/SqFt $145.34
109 Sold & Pending Grand Rapids Township Homes since April 1-09
The average SOLD price is $ 243,157
Average Sold Price /SqFt $118.66
High Sold Price $ 720,000
Low Sold Price $ 53,000
Grand Rapids Township MI Real Estate 2009
If you have questions about Grand Rapids Township or Grand
Rapids homes, please contact me directly:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Grand Rapids -Ada Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook
Forest Hills (Ada Cascade) MI Real Estate Absorption Report
Forest Hills is actually a school district in Ada – Cascade MI. This market
is always active. These Grand Rapids suburban communities have
wonderful neighborhoods, some new and some older with Top Ranked
Forest Hills Public Schools, and private schools, such as Ada Christian
& St Roberts that attract many home owners.
This report will cover the April 1, 2009 to July 30, 2009 real estate
market activity.
Forest Hills MI Listings over $300,000
The absorption rate for Forest Hills MI is 13.3 months, which means if no
new listings come on the market, it will take 13.3 months to sell the existing
$ 300K+ homes at the current rate of sale. This rate is down significantly
from last month, sold prices are inching upward. Inventory is down slightly,
but sales are holding fairly steady. Your Forest Hills home has a good chance
to sell if it is in good condition and priced correctly.
$300,000+ Homes
227 Active Forest Hills Listings
Average price of $626,539
Average price/square foot $202.82
Low price of $305,000
High price of $2,700,000.
Sold Forest Hills Listings 50
Average sold price $478,188
Average Sold price/sq ft $ 162.00
Lowest sold price $310,000
Highest sold price $1,100,000
Pending Listings 18
Forest Hills Active Listings $50,000 – $300,000
The Absorption rate for Forest Hills homes in this price range is 5.47
months, which means that if no new homes enter the market, at the
current rate of sales, it will take 5.47 months to sell all current inventory.
This is down from last month, but still within normal range.
Forest Hills Active Listings 230
Average Active Price $208,088
Average Active Price/SqFt $118.34
Average Active Days on the Market 105
High Active Price $300,000
Low Active Price $59,900
Sold Forest Hills Listings 119
Average Sold Price $195,384
Average Sold Price/sq ft $101.73
Average Sold Days on the Market 89 Days
High Sold Price $300,000
Low Sold price is $53,000
Pending Sales 49
Market Synopsis: Although the absorption rate is one of the lowest in
the area, for the under 300K homes, this market area is finally seeing
some stabilization in market prices. With less active listings coming on
the market, competition will be tighter for Forest Hills buyers.
Forest Hills MI Top Best Buy Homes ~ July 2009
Forest Hills RE Market Reports 2009
Forest Hills Michigan Public Schools Update 2009
If you would like specific information about an Ada Cascade or
Forest Hills MI Homes, please contact me directly:
email: terry@terrywestbrook.com
ph. 1-888-240-1968 x 0
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Forest Hills Eastern High School by Bonnie Westbrook
Lowell Michigan Real Estate Absorption Report ~ July 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: 177 Active Listings
Average Price: $251,741
Price per Sq Ft: $129.65 (Main Floor only)
Average days on the Market: 180
PENDING: 32 homes
SOLD: 104 Sold Homes
Average Sold Price: $ 146,115
Average Sold Price Per Sq Ft: $ 88.18 (Main floor only)
Average Sold Days on the Market: 103
These stats are figured from Jan 1, 2009 to July 30, 2009
Absorption Rate for Lowell Listings is 9 months for the
current housing inventory. If no other homes enter the market, it
will take 9 months for the current homes to sell at the current
rate of sales. This figure is inching down each month and is
getting closer to the 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 average list price is up slightly
and average sold price is up a bit 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 Real Estate Market Reports
Lowell Michigan Top Best Home Buys July 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
Judging, Classes, Entertainment = Family Fun
The Kent County Youth Fair is celebrating its 75th year at the Lowell
Fairgrounds. I have fond memories of the County Fair from my youth
and 4-H days. It is a lot more than cotton candy and carnival rides.
I really enjoy seeing all the animals and the exhibits that the kids work
so hard on all year. Many times you will see sheep, pigs, horses, chickens
on display that are pampered and well cared for. It is a chance to see
what is popular on the farm and what might be showing up next at the
Farmer’s Market or on your table.
Just the variety of animals can be overwhelming. The last time I went
to a fair, there must have been 50 different kinds of chickens.
Who knew? You kind of know this is true but seeing them in the
flesh and variety of feathers is something else again.
Each day brings its own special events, including free nightly
entertainment. Don’t miss the Cow Pie Bingo!
Tuesday August 11th – The Pub Runners 7:30 pm
Wednesday August 12th – The Jabs 7:00 pm
Thursday August 13th – Patchwork & Black Canyon
Bluegrass Band 6:30-9:30 pm
Friday August 14th – Country Karaoke 6:30-10:30 pm
Saturday August 15th – Blue Star Pilot & Guitar Hero 5:30-10:30 pm
Annual Rodeo (tickets req.) 7:00 pm
There are dozens of events I couldn’t mention here, like the Ice
Cream social, Bingo, Garden tractor pull, Livestock sale, Goat
milking contest, performing arts, & Draft horse pull to name a few.
Come on out to the Kent County Youth Fair in Lowell this week.
I think you might have a great time.
Grand Rapids Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photos by Bonnie Westbrook
