You are currently browsing the category archive for the ‘East Grand Rapids MI Real Estate’ category.
We have a list of the Top Best Buy East Grand Rapids Houses
to buy based on price/square foot. Price per square foot is a
great leveler. If two similar homes are listed at similar prices,
their price per square foot should be similar. It should reflect
the interior finish of the home.
For example, if it has crystal chandeliers, marble tile, a new
kitchen, this would be more value per square foot than a home
that still has the 1970’s decor and/or is in derelict condition.
Please note that this list can change daily as some homes sell, prices
are adjusted and other homes come on the market.
The total square footage is noted here, although only the main floors
are used to figure price per square foot.
May 2010 – 19 TOP BEST BUY East Grand Rapids Homes
Lowest price/Sq Ft range from $70.24 to $108.84
Highest List Price – $ 263,000
Lowest List Price – $ 84,999
The Top East GR Homes to Buy by Price per Square Foot:
729 Gladstone Dr SE $ 84,999 800 Sq Ft $106.25/SqFt
2714 Cascade Rd SE $119,900 1900 SqFt $92.23/SqFt
293 Rosewood Ave $130,000 1422 Sq Ft $104.67/SqFt
252 Hodenpyl Rd $147,500 1489 Sq Ft $99.06/SqFt
630 Rosewood Ave $149,500 1862 Sq Ft $80.29/SqFt
1647 Franklin St $149,990 1392 Sq Ft $107.75/SqFt
1707 Hall St SE $160,000 2229 Sq Ft $91.27/SqFt
950 Breton Rd SE $ 169,900 1561 Sq Ft $108.84/SqFt
1420 Laurel Ave SE $175,000 1728 Sq FT $101.27/SqFt
2053 Englewood Dr $178,000 1954 Sq Ft $106.84/SqFt
2840 Cascade Rd $189,000 2272 Sq Ft $105.47/SqFt
2206 Stratford Ct $193,500 2918 Sq Ft $88.44/SqFt
2150 Anderson Dr $195,000 3322 Sq Ft $70.24/SqFt
9 Morningside Dr $199,500 2400 Sq Ft $99.75/SqFt
3030 Cascade Rd SE $199,900 3000 Sq Ft $106.44/SqFt
1401 Pinecrest Ave $218,000 2350 Sq Ft $103.02/SqFt
1146 San Jose Dr SE $219,900 2446 Sq Ft $107.48/SqFt
1773 Oxford Dr SE $260,000 3000 Sq Ft $108.24/SqFt
3030 Fulton St E $263,000 3460 Sq Ft $106.05/SqFt
East Grand Rapids homes are selling. If you have been waiting
for the right time to buy, don’t wait much longer. We are
seeing definite signs of competition for homes in East Grand
Rapids and Forest Hills.
Homes in good condition and priced appropriately are selling.
There are fewer home available this month in East Grand Rapids
and prices are generally higher, only 1 home under $100K.
*Some of these homes may be bank owned foreclosures and
not habitable as is or available for a mortgage in present
condition.*
East GR Real Estate Market Articles
If you would like to view an East Grand Rapids Best Buy Home,
please contact us @1-888-240-1968 x 0 or email us :
Share this post :
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research &
services, numerous universities, plus lively arts and entertainment
of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the top East Grand Rapids Houses to buy
based on price per square foot. Price per square foot is a great leveler.
If two similar homes are listed at similar prices, their price per square
foot should be similar. It should reflect the interior finish of the home.
For example, if it has crystal chandeliers, marble tile, a new kitchen,
this would be more per square foot than a home that still has the
1970’s decor and/or is in derelict condition.
Please note that this list can change daily as some homes sell, prices are
adjusted and other homes come on the market.
The total square footage is noted here, although only the main floors
are used to figure price per square foot.
April 2010 – 22 TOP BEST BUY East Grand Rapids Homes
Lowest price/Sq Ft range from $70.24 to $108.33
Highest List Price - $ 269,500
Lowest List Price - $ 74,999
The Top East GR Homes to Buy by Price per Square Foot:
729 Gladstone Dr SE $ 74,999 800 Sq Ft $93.75/SqFt
2361 Burchard St $118,900 1455 Sq Ft $102.94/SqFt
2714 Cascade Rd SE $129,900 1900 SqFt $99.92/SqFt
612 Gladstone Dr SE $129,900 1268 Sq Ft $102.44/SqFt
293 Rosewood Ave $130,000 1422 Sq Ft $104.67/SqFt
2530 Cascade Rd SE $139,900 2200 SqFt $86.88/SqFt
430 Gladstone Dr SE $140,000 1624 Sq Ft $86.21/SqFt
630 Rosewood Ave $149,500 1862 Sq Ft $80.29/SqFt
252 Hodenpyl Rd $149,900 1489 Sq Ft $100.67/SqFt
1647 Franklin St $149,990 1392 Sq Ft $107.75/SqFt
324 Gladstone Dr SE $165,000 1538 Sq Ft $107.28/SqFt
1160 Conlon Ave SE $180,000 1889 Sq Ft $95.29/SqFt
2840 Cascade Rd $189,000 2272 Sq Ft $105.47/SqFt
1707 Hall St SE $189,900 2229 Sq Ft $108.33/SqFt
2150 Anderson Dr $195,000 3322 Sq Ft $70.24/SqFt
9 Morningside Dr $199,500 2400 Sq Ft $99.75/SqFt
3030 Cascade Rd SE $199,900 3000 Sq Ft $106.44/SqFt
1146 San Jose Dr SE $219,900 2446 Sq Ft $107.48/SqFt
1401 Pinecrest Ave $220,000 2350 Sq Ft $103.97/SqFt
1773 Oxford Dr SE $260,000 3000 Sq Ft $108.24/SqFt
3030 Fulton St E $263,000 3460 Sq Ft $106.05/SqFt
1120 Breton Rd SE $269,500 3364 Sq Ft $106.77/SqFt
East Grand Rapids homes are selling. If you have been waiting for the
right time to buy, don’t wait much longer. We are seeing definite signs
of competition for homes in East Grand Rapids and Forest Hills.
Homes in good condition and priced appropriately are selling. There
are fewer home available this month in East Grand Rapids but
prices are generally higher.
*Some of these homes may be bank owned foreclosures and not habitable
as is or available for a mortgage in present condition.*
East GR Real Estate Market Blogs
If you would like to view an East Grand Rapids Best Buy Home,
please contact us @1-888-240-1968 x 0 or email us :
Share this post :
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
Current Real Estate Market Report For East Grand Rapids Michigan
Absorption rate for East Grand Rapids MI housing market is currently
at 8 months, which means if no new listings come on the
East Grand Rapids market, it will take 8 months for the existing
home inventory to sell.
There are 157 active listings on the East Grand Rapids market,
typically a larger inventory in the spring ranging from
$74,999 to $2,995,000.
30 Pending Home Sales
28 Sold Homes with sold prices ranging from $ 63,000 to $ 599,000
for the first quarter of 2010 in East Grand Rapids housing inventory.
East Grand Rapids Homes up to $200,000
Active Listings – 48
Pending – 13
Sold – 16
Avg Sold Price – $158,230
Avg List Price – $158,696
East Grand Rapids Homes $200,000 to $300,000
Active Listings – 40
Pending – 10
Sold – 6
Avg Sold Price – $ 243,583
Avg. List Price – $249,530
East Grand Rapids Homes $ 300,001 to $450,000
Active Listings – 44
Pending – 5
Sold – 4
Avg Sold Price – $ 352,625
Avg List Price – $ 390,873
East Grand Rapids Homes $ 450,001 ++
Active Listings – 25
Pending – 2
Sold – 2
Avg Sold Price – $ 567,000
Avg List Price – $ 852,228
The lower end of this market (under $300K) is the busy end
of the sales in the first quarter. With the current lowest list price
at $ 74,999, it looks like the bargain basement days in EGR housing
are over. Homes in the higher prices are selling, but at a
slower rate. We are still seeing sold price erosion in the homes priced
over $200,000.
The Absorption rate is over the normal range for East Grand Rapids
homes by 2 months. This shows an uptick in inventory and no uptick
in sales to match.
East Grand Rapids Real Estate Market Reports
East Grand Rapids Michigan ~ America’s Hometown
Share this post :
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the top Grand Rapids Township Houses
to buy based on price per square foot. An added bonus, these
Grand Rapids Township Homes are in East Grand Rapids or
Forest Hills Public School system. If you are new to the Grand Rapids
area, Grand Rapids Township taxes are lower than East Grand Rapids,
Grand Rapids, or Ada Township.
**Please note that this list can change daily as some homes sell,
some homes go through a lengthy approval process, prices are
adjusted and other homes come on the market. Check
back often or just subscribe to our blog to get up-to-date local
real estate information that you want to know.
The total square footage is noted here, although only the
main floors are used to figure price per square foot.
Grand Rapids Township:
Lowest price per Sq Ft $59.45
Highest price per Sq Ft $98.04
March 2010 BEST BUY GR Township Homes
Highest list price is $ 239,900
Lowest list price is $ 79,900
Top Best Buy Grand Rapids Township Homes by Price/Sq Ft:
3164 Dean Lake Ave $ 79,900 1040 SqFt $76.83/SqFt
3100 Windcrest Ct NE $ 89,900 1209 SqFt $74.36/SqFt
3914 Cascade Rd SE $ 90,000 1240 SqFt $72.58/SqFt
3165 Windcrest Dr $110,000 1209 SqFt $90.98/SqFt
3747 Bradford St NE $114,900 1640 SqFt $70.06/SqFt
3379 Fulton St E $118,000 1985 SqFt $59.45/SqFt
1791 Grand Ct NE $118,900 1600 Sq Ft $74.31/SqFt
1787 Park Trl NE $119,900 1600 Sq Ft $74.94/SqFt
3435 Dean Lake Ave $119,900 1311 SqFt $91.46/SqFt
1773 Park Trl NE $121,900 1600 Sq Ft $76.19/SqFt
3333 Park Ridge Ln $124,300 1600 SqFt $77.69/SqFt
2450 Maguire Ave $124,900 2084 SqFt $98.04/SqFt
1789 Grand Ct NE $124,900 1600 Sq Ft $78.06/SqFt
3346 Dean Lake Ave $139,900 2520 SqFt $79.58/SqFt
1170 Farnsworth Ave $139,900 2200 SqFt $96.48/SqFt
2309 3 Mile Rd NE $149,900 3340 SqFt $70.54/SqFt
2755 Pinesboro Dr $159,900 1907 SqFt $83.85/SqFt
3351 Nottingham Dr $169,900 2202 SqFt $91.15/SqFt
3365 Cascade Rd SE $170,000 1758 SqFt $96.70/SqFt
43 Robinhood Dr NE $189,900 2328 SqFt $94.20/SqFt
205 Shore Haven Dr $199,900 2652 SqFt $75.38/SqFt
493 Arrowhead Ave $226,000 3284 SqFt $81.18/SqFt
201 Shore Haven Dr $239,900 2600 Sq Ft $92.27/SqFt
In this area of Grand Rapids, as well as others, there are fewer
really great home bargains on the market. If you have been
waiting for prices to start climbing and inventory to shrink, the
time appears to be here. List price and price per square foot are
both higher for all homes this month.
*Some of these homes may be bank owned foreclosures and
not habitable as is or available for a mortgage in present condition.*
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
Photo of Frederick Meijer Gardens Entrance 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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the top East Grand Rapids Houses to buy
based on price per square foot. Price per square foot is a great leveler.
If two similar homes are listed at similar prices, their price per square
foot should be similar. It should reflect the interior finish of the home.
For example, if it has crystal chandeliers, marble tile, a new kitchen,
this would be more per square foot than a home that still has the
1970’s decor and/or is in derelict condition.
Please note that this list can change daily as some homes sell, prices are
adjusted and other homes come on the market.
The total square footage is noted here, although only the main floors
are used to figure price per square foot.
March 2010 – 30 TOP BEST BUY East Grand Rapids Homes
Lowest price/Sq Ft range from $57.07 to $119.88
Highest List Price – $ 339,500
Lowest List Price – $ 67,000
The Top East GR Homes to Buy by Price per Square Foot:
2201 Audubon Dr Se $ 67,000 1174 Sq Ft $57.07/SqFt
729 Gladstone Dr SE $ 74,999 800 Sq Ft $93.75/SqFt
2361 Burchard St $125,900 1455 Sq Ft $109.00/SqFt
612 Gladstone Dr SE $139,900 1268 Sq Ft $110.33/SqFt
2714 Cascade Rd SE $139,900 1900 SqFt $107.62/SqFt
630 Rosewood Ave $149,500 1862 Sq Ft $80.29/SqFt
2115 Tenway Dr SE $149,900 1395 Sq Ft $107.46/SqFt
2665 Richards Dr SE $149,900 1573 SqFt $116.65/SqFt
1647 Franklin St $149,900 1392 Sq Ft $107.69/SqFt
210 Hodenpyl Rd SE $152,900 2336 Sq Ft $117.80/SqFt
252 Hodenpyl Rd $154,900 1489 Sq Ft $104.03/SqFt
2530 Cascade Rd SE $159,900 2200 SqFt $99.38/SqFt
847 Orchard Ave $159,900 1350 Sq Ft $118.44/SqFt
2144 Tenway Dr SE $162,900 2158 Sq Ft $119.60/SqFt
2937 Lake Dr $179,900 1602 Sq Ft $112.30/SqFt
2840 Cascade Rd $189,000 2272 Sq Ft $105.47/SqFt
1420 Laurel Ave SE $189,900 1728 Sq Ft $109.90/SqFt
1707 Hall St SE $189,900 2229 Sq Ft $108.33/SqFt
1401 Rosalind Rd SE $199,900 1909 SqFt $104.71/SqFt
2150 Anderson Dr $209,000 3322 Sq Ft $75.29/SqFt
3030 Cascade Rd SE $209,900 3000 Sq Ft $111.77/SqFt
1401 Pinecrest Ave $220,000 2350 Sq Ft $103.97/SqFt
1146 San Jose Dr SE $225,000 2446 Sq Ft $109.97/SqFt
911 Ogden Ave SE $227,500 1919 Sq Ft $118.55/SqFt
1746 Danby Ln SE $239,000 3479 Sq Ft $109.43/SqFt
1773 Oxford Dr SE $260,000 3000 Sq Ft $108.24/SqFt
3030 Fulton St E $263,000 3460 Sq Ft $106.05/SqFt
1245 Woodshire Ave $269,500 2248 Sq Ft $119.88/SqFt
1120 Breton Rd SE $269,500 3364 Sq Ft $106.77/SqFt
1418 Woodcliff Dr $339,500 3114 Sq Ft $109.02/SqFt
East Grand Rapids homes are selling. If you have been waiting for the
right time to buy, don’t wait much longer. We are seeing definite signs
of competition for homes in East Grand Rapids and Forest Hills.
Homes in good condition and priced appropriately are selling. There
is an increase in homes available this month in East Grand Rapids but
prices are generally higher.
*Some of these homes may be bank owned foreclosures and not habitable
as is or available for a mortgage in present condition.*
East GR Real Estate Market Blogs
If you would like to view an East Grand Rapids Best Buy Home,
please contact us @1-888-240-1968 x 0 or email us :
Share this post :
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the top East Grand Rapids Houses to buy
based on price per square foot. Price per square foot is a great leveler.
If two similar homes are listed at similar prices, their price per square
foot should be similar. It should reflect the interior finish of the home.
For example, if it has crystal chandeliers, marble tile, a new kitchen,
this would be more per square foot than a home that still has the
1970’s decor and/or is in derelict condition.
Please note that this list can change daily as some homes sell, prices are
adjusted and other homes come on the market.
The total square footage is noted here, although only the main floors
are used to figure price per square foot.
February 2010 – 25 TOP BEST BUY East Grand Rapids Homes
Lowest price/Sq Ft range from $75.29 to $116.65
Highest List Price - $ 349,700
Lowest List Price - $ 79,900
The Top East GR Homes to Buy by Price per Square Foot:
729 Gladstone Dr SE $ 79,900 800 Sq Ft $99.88/SqFt
1148 Lakeside Dr SE $ 89,900 900 Sq Ft $99.89/SqFt
2361 Burchard St $125,900 1455 Sq Ft $109.00/SqFt
2360 Lake Dr SE $137,000 1582 Sq Ft $86.60/SqFt
612 Gladstone Dr SE $139,900 1268 Sq Ft $110.33/SqFt
159 El Centro Blvd $149,900 1848 Sq Ft $81.11/SqFt
1530 Groton Rd $149,900 1694 Sq Ft $97.34/SqFt
2714 Cascade Rd SE $149,900 1900 SqFt $115.31/SqFt
2665 Richards Dr SE $149,900 1573 SqFt $116.65/SqFt
1647 Franklin St $149,900 1392 Sq Ft $107.69/SqFt
2115 Tenway Dr SE $154,900 1395 Sq Ft $111.04/SqFt
847 Orchard Ave $159,900 1350 Sq Ft $118.44/SqFt
252 Hodenpyl Rd $159.900 1489 Sq Ft $107.39/SqFt
1433 Edgewood Ave $165,900 1738 Sq Ft $94.94/SqFt
2752 Robinson Rd $169,900 1532 Sq Ft $110.90/SqFt
2530 Cascade Rd SE $179,900 2200 SqFt $111.88/SqFt
2937 Lake Dr $179,900 1602 Sq Ft $112.30/SqFt
1707 Hall St SE $189,900 2229 Sq Ft $108.33/SqFt
2840 Cascade Rd $199,000 2272 Sq Ft $111.55/SqFt
2150 Anderson Dr $209,000 3322 Sq Ft $75.29/SqFt
1401 Pinecrest Ave $220,000 2350 Sq Ft $103.97/SqFt
330 Fulton St E $263,000 3460 Sq Ft $106.05/SqFt
1245 Woodshire Ave $269,500 2248 Sq Ft $119.88/SqFt
1418 Woodcliff Dr $339,500 3114 Sq Ft $109.02/SqFt
1401 Breton Rd $349,700 3873 Sq Ft $102.85/SqFt
East Grand Rapids homes are selling. If you have been waiting for the
right time to buy, don’t wait much longer. We are seeing definite signs
of competition for homes in some areas, like East Grand Rapids and
Forest Hills. Homes in good condition and priced appropriately are
selling quickly.
*Some of these homes may be bank owned foreclosures and not habitable
as is or available for a mortgage in present condition.*
East GR Real Estate Market Blogs
If you would like to view an East Grand Rapids Best Buy Home,
please contact us @1-888-240-1968 x 0 or email us :
Share this post :
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
The New Remodeling Magazine is out with the annual Cost vs Value Report.
One of the most common questions sellers and buyers ask me is:
"Should I remodel or add on to my house?
Is adding another bathroom going to be money I can recoup when I sell?"
Even today’s buyers that are buying at 2000 or before price levels, need
to be smart about home improvements if they think they will be moving
in the next 10 years. It is always intriguing that some areas of the
country value some home additions more or less than others.
This report gives an estimation of the return and an approximate cost of
several common remodels, additions and rehab projects in the home. It
is specific to different regions of the country.
2009-2010 COST vs VALUE REPORT
Since we are from Grand Rapids Michigan we have directed you to that page
but you can navigate to other areas of the country from there. We hope this
article is helpful in the decision making process, if you are considering a
home remodel or addition.
As always, feel free to call me about specific questions for your specific area.
| Share this post : | |
|
|
 |
|
|
|
|
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the top East Grand Rapids Houses to buy
based on price per square foot. Price per square foot is a great leveler.
If two similar homes are listed at similar prices, their price per square
foot should be similar. It should reflect the interior finish of the home.
For example, if it has crystal chandeliers, marble tile, a new kitchen,
this would be more per square foot than a home that still has the
1970’s decor and/or is in derelict condition.
Please note that this list can change daily as some homes sell, prices are
adjusted and other homes come on the market.
The total square footage is noted here, although only the main floors
are used to figure price per square foot.
January 2010 – 22 TOP BEST BUY East Grand Rapids Homes
Lowest price/Sq Ft range from $62.80 to $119.88
Highest List Price - $ 450,000
Lowest List Price - $ 89,900
The Top East GR Homes to Buy by Price per Square Foot:
729 Gladstone DrSE $ 89,900 800 Sq Ft $112.38/SqFt
2361 Burchard St $125,900 1455 Sq Ft $109.00/SqFt
2258 Lake Dr SE $142,000 2261 Sq Ft $62.80/SqFt
159 El Centro Blvd $149,900 1848 Sq Ft $81.11/SqFt
1647 Franklin St $149,900 1392 Sq Ft $107.69/SqFt
847 Orchard Ave $159,900 1350 Sq Ft $118.44/SqFt
252 Hodenpyl Rd $164,500 1489 Sq Ft $110.48/SqFt
1530 Groton Rd $169,900 1694 Sq Ft $110.32/SqFt
2752 Robinson Rd $169,900 1532 Sq Ft $110.90/SqFt
1433 Edgewood Ave $179,900 1738 Sq Ft $103.51/SqFt
2937 Lake Dr $179,900 1602 Sq Ft $112.30/SqFt
1160 Conlon Ave $180,000 1889 Sq Ft $95.29/SqFt
1707 Hall St SE $189,900 2229 Sq Ft $108.33/SqFt
2840 Cascade Rd $209,000 2272 Sq Ft $116.63/SqFt
2150 Anderson Dr $209,000 3322 Sq Ft $75.29/SqFt
1747 Danby Lane $215,000 1951 Sq Ft $110.20/SqFt
1401 Pinecrest Ave $220,000 2350 Sq Ft $103.97/SqFt
1150 Gladstone Dr $240,000 4220 Sq Ft $102.56/SqFt
330 Fulton St E $263,000 3460 Sq Ft $106.05/SqFt
1245 Woodshire Ave $269,500 2248 Sq Ft $119.88/SqFt
1401 Breton Rd $349,700 3873 Sq Ft $102.85/SqFt
455 Plymouth Ave $450,000 3852 Sq Ft $116.82/SqFt
East Grand Rapids bargains have all but disappeared. Only one home
under $100K (it is under 1000 square feet) has been listed for the past
8 months.
If you have been waiting for the right time to buy, don’t wait much
longer. We are seeing definite signs of competition for homes in most
areas, like East Grand Rapids and Forest Hills. Homes in good condition
and priced appropriately are selling quickly.
*Some of these homes may be bank owned foreclosures and not habitable
as is or available for a mortgage in present condition.*
East GR Real Estate Market Blogs
If you would like to view an East Grand Rapids Best Buy Home,
please contact us @1-888-240-1968 x 0 or email us :
| Share this post : | |
|
|
|
|
|
|
|
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We are on the front lines of property values and were well aware this day
would come. We have seen property values fall from 15-30% in the past
3 years for local communities. ( Read our Blog post about home values)
The effects of this devaluation still has shock value for many living in
our local areas. We have watched poorer school districts struggle to
allocate funding with the financial news from Lansing being dire and
changing constantly. It has now started to hit our more affluent areas
and these parents are confused and angry.
We attended the Forest Hills Superintendant’s meeting last fall about
a $10 million dollar projected shortfall in their 2010-2011 school budget.
They are not getting any definite answers from the state on what cuts
will be until after they set their annual budget ( This is truly bizarre but
the state government runs its own show).
Both East Grand Rapids and Forest Hills have fixed costs because of
teacher and staff contracts. Our understanding is that these are about
70% of the budget in Forest Hills. [See FHPS Funding Facts } Dan Behm,
the Forest Hills Superintendant told our group of concerned citizens
that if he eliminated transportation and sports, that there would
still be $3 million shortfall and he would have to look for another job
because of angry parents.
We don’t offer any solutions, but we do need to look at all items on
the budget. Nothing is sacrosanct, not teacher salaries, retirement
or healthcare. The same belt-tightening and elimination of non-essential
items that has affected business and personal budgets for the last 3 years
and longer in the state of Michigan is reducing funds for public services
in our state.
| Share this post : | |
|
|
|
|
|
|
|
____________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities,plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
Current Real Estate Market Report For East Grand Rapids Michigan
Absorption rate for East Grand Rapids MI housing market is currently
at 6.3 months, which means if no new listings come on the
East Grand Rapids market, it will take 6.3 months for the existing
home inventory to sell.
There are 111 active listings on the East Grand Rapids market now,
typically a leaner market in winter ranging from $89,900 to $3,600,000.
25 Pending Home Sales
210 Sold Homes with sold prices ranging from $ 25,000 to $ 1,750,000
from Jan 1, 2009 in East Grand Rapids housing inventory.
East Grand Rapids Homes up to $200,000
Active Listings – 29
Pending – 7
Sold – 81
Avg Sold Price – $145,265 139,240
East Grand Rapids Homes $200,000 to $300,000
Active Listings - 25
Pending – 2
Sold - 51
Avg Sold Price – $ 246,601 250,468
East Grand Rapids Homes $ 300,001 to $450,000
Active Listings – 34
Pending - 1
Sold – 46
Avg Sold Price – $ 358,789 363,813
East Grand Rapids Homes $ 450,001 ++
Active Listings - 23
Pending – 2
Sold – 20
Avg Sold Price – $ 711,025
The lower end of this market (under $300K) has seen about 50 %
of the sales in the last year. With the current lowest list price
at $ 89,900, it looks like the bargain basement days in EGR housing
are over. Homes in the higher prices are selling, but at a
slower rate.
The Absorption rate is in the normal range for East GR
homes at this point, something we haven’t seen for a few years.
It looks like East Grand Rapids is coming out of the the recent
real estate downturn on a faster pace than other
local communities.
East Grand Rapids Real Estate Market Reports
East Grand Rapids Michigan ~ America’s Hometown
| Share this post : | |
|
|
|
|
|
|
|
_____________________________________________________________________________________________________
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. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
GRMiRealEstate's Weblog 