You are currently browsing the monthly archive for February 2009.
Signs of Spring……
Our friends in the south are looking at bulbs coming up, birds nesting, and
other sure signs of spring. Our signs of spring in Grand Rapids Michigan are
a little bit different. We look with eagerness towards any signal that winter
is loosening it’s grip. If you are a Northerner, these photos will tell you
S-P-R-I-N-G is right around the corner:
The huge snow mountains in the parking lots are melting!!
Grand Rapids MI Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
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.
Lowell Michigan Absorption Report Feb 2009
Active Listings: 142 Active Listings
Average Price: $258,078
Price per Sq Ft: $126.27 (Main Floor only)
Average days on the Market: 88
PENDING: 18 homes
SOLD: 44 Sold Homes
Average Price: $ 132,038
Average Price Per Sq Ft: $ 76.59 (Main floor only)
Average Days on the Market: 47
Expired: 29 Expired listings
Average Expired Price: $222,459
Average Price Per Sq Ft: $140.29 (Main floor only)
Average Days on the Market: 94
Absorption Rate for Lowell Listings is 16.13 months for the
current housing inventory. If no other homes enter the market, it
will take 16.13 months for the current homes to sell at the current
rate of sales.
Lowell Homes that are priced competitively are selling and selling
fairly quickly compared to the greater Grand Rapids area.
As you can see by the statistics, the homes that have their price
per square foot under $100 are seeing the most activity, although some
sales up to $ 145 a square foot are also moving. 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 should be.
Some sellers have retired from the market and will try again in
the spring. They might find a better buying market, but prices are
still on the downward trend. With lower interest rates, this may
spur the local economy and put more buyers into the game.
If you would like additional information about Lowell
Area Homes, please contact me through email or my web site.
Grand Rapids MI Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Crystal Springs ~ Kentwood Absorption Report February 2009
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 Stonewater Golf Course
at Crystal Springs 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 Stonewater Golf Course.
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.
February 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 25 Active Listings
Average Price: $255,554
Price per Sq Ft: $105.27 (Main Floor only)
Average days on the Market: 123
PENDING: 4 homes
SOLD: 24 Sold Homes
Average Price: $ 204,579
Average Price Per Sq Ft: $ 96.31 (Main floor only)
Average Days on the Market: 77
Expired: 36 Expired listings
Average Expired Price: $256,977
Average Price Per Sq Ft: $109.03 (Main floor only)
Average Days on the Market: 154
Absorption Rate for Crystal Springs Listings is 12.5 months for the
current housing inventory. If no other homes enter the market, it
will take 12.5 months for the current homes to sell at the current
rate of sales.
Crystal Springs Homes that are priced competitively are selling.
As you can see by the statistics, the homes that have their price
per square foot around $100 are selling in under 3 months.
Many sellers have retired from the market and will try again in
the spring. They might find a better buying market, but prices are
still on the downward trend. With lower interest rates, this may
spur the local economy and put more buyers into the game.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Caledonia MI Sept 2008 Real Estate Market Report
Kentwood MI Real Estate Market Report Oct 2008
Caledonia MI Crystal Springs Market Report Oct 2008
Caledonia MI Crystal Springs Market Report Nov 2008
Caledonia MI Crystal Springs Market Report Dec 2008
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
Grand Rapids MI Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
photo of Kentwood High School by Bonnie Westbrook
Ada Woods is an established development of homes in Ada, Michigan,
just west of Ada and south of Fulton Street (M46). Ada Woods started
out as an E.L. Ladd development, but towards the end of the project
many lots were sold to other builders and completed by individual owners.
The dates of building range from 1980’s to 2005. Most of the homes
have more square footage and more amenities than Adacroft Commons,
its adjacent neighborhood. As with Adacroft Commons, there is designated
common land in the development that remains heavily wooded and in a
natural state. This development is in the Forest Hills School System and
close to several private schools.
Ada Woods Real Estate Absorption Report
February 2009
7 Sold, 3 For Sale, 9 Expired
Ada Woods Active Listings: 3
Ada Woods Average Active Price – $ 325,933
Ada Woods Average Active Price/SqFt – $130.94
Ada Woods Average Days on Market – 121
Ada Woods SOLD Listings: 7
Ada Woods Average Sold Price -$ 306,079
Ada Woods Average Sold Price/SqFt – $117.76
Ada Woods Average Sold Days on Market – 127
Ada Woods Expired Listings: 9
Ada Woods Average Expired Price – $ 319,678
Ada Woods Average Expired Price/SqFt – $ 135.51
Ada Woods Average Expired Days on Market – 162
The Absorption Rate for Ada Woods Homes is 6 months, which
means that if no new listings come on the market, it will take
6 months at the current rate of sales to sell the existing homes
inventory.
MARKET SYNOPSIS: The average sold price has lowered about
$ 7,000 since December 2008. The average asking price has
lowered about the same, but not enough to get buyers off the fence.
The expired number is up which tells me that some sellers have
given up trying to get their higher asking price.
If you don’t have your Ada Woods home priced below $ 120.00 a sq ft,
you will be waiting for a stronger sellers market to sell your home.
Ada Woods Market Report August 2008
Ada Woods Market Report Sept 2008
Ada Woods Market Report Oct 2008
Ada Woods Market Report Nov 2008
Ada Woods MI Market Report Dec 2008
If you have any questions about Grand Rapids or Ada Homes,
please contact me directly through my web site.
Grand Rapids MI Real Estate – Westbrook Realty
Copyright 2008 All Rights Reserved
Headley St in Ada Mi photo by Bonnie Westbrook
We have gathered a list of the top Grand Rapids Township Houses
to buy based on price per square foot. Most of these
Grand Rapids Township Homes are Forest Hills Schools.
**Please note that this list can change daily as some
homes sell, 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 $54.68
Highest price per Sq Ft $100.32
February 2009 BEST BUY GR Township Homes
Highest list price is $ 414,900
Lowest list price is $ 59,900
The Top GR Township Homes to Buy by Price per Square Foot:
3601 Lake Dr $134,900 1750 SqFt $ 91.58/SqFt
333 Park Ridge Ln $ 139,500 1600 SqFt $ 87.19/SqFt
4198 Knapp Ct $ 74,900 1200 SqFt $ 74.90/SqFt
4714 Cutter Parkway $ 99,950 1828 SqFt $ 54.68/SqFt
1043 Waltham Ave $ 96,000 1069 SqFt $ 89.80/SqFt
3299 Park Ridge Ln $142,900 1600 SqFt $ 89.31/SqFt
4324 Heather Ln $269,000 2704 SqFt $ 99.48/SqFt
3310 Dean Lake Ave $ 59,900 1039 Sq Ft $ 65.04/SqFt
3675 Willow Spgs $414,900 4832 Sq Ft $ 85.87/SqFt
2755 Pinesboro $179,900 1907 Sq Ft $ 94.34/SqFt
2650 Bridge Place Dr $180,000 2073 Sq Ft $ 86.83/SqFt
3235 Midland Dr SE $159,900 2085 Sq Ft $ 100.32/SqFt
1874 Leffingwell Ave $119,900 1650 Sq Ft $ 80.47/SqFt
2342 Carrington Dr $227,000 3000 Sq Ft $ 98.65/Sq Ft
1796 Grand Ridge Ct $154,900 2200 Sq Ft $ 96.81/SqFt
1789 Grand Ct $134,900 1600 Sq Ft $ 84.31/SqFt
3360 Nottingham Dr $154,900 1608 SqFt $ 96.33/SqFt
3047 Cascade Rd $59,900 1726 SqFt $ 92.64/SqFt
2056 Galahad St $129,900 1500 SqFt $ 86.60/SqFt
4271 Woodside Oaks $236,537 3453 SqFt $ 68.50/SqFt
242 Ivanhoe Ave $129,900 1368 SqFt $ 94.96/SqFt
33 Robinhood Dr $129,900 1628 SqFt $ 79.79/SqFt
1787 Park Trl #30 $129,900 1600 SqFt $ 81.19/SqFt
1762 Park Trl $149,900 1838 SqFt $ 93.69/SqFt
2755 Bridge Place Dr $200,000 2140 SqFt $ 93.46/SqFt
*Some of these homes may be bank owned foreclosures and
not habitable as is or available for a mortgage in present condition.*
If you would like a list of top best buys in your area, please
contact us through our web site:
Grand Rapids MI Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Current Caledonia MI Real Estate Market Report
Absorption rate for Caledonia MI Market is currently 10 months,
which means if no other homes come on the market, it will take
10 months for the current inventory to sell at the current
sales rate. This is up slightly from last month.
There are 136 current active listings, from $54,900 to $1,100,000 in
Caledonia MI.
17 Pending Home Sales, and 64 Sold Homes since Sept 1, 2008.
The current average Caledonia home listed price is much higher
[about $323,207] than the average sold price [$180,310].
This shows me that the upper end of the Caledonia market is slow
to sell and the lower end (under $200K) is selling. Sold price per
square foot continues to slide downward. There are some excellent
buys in Caledonia, don’t wait until they are gone.
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 ~ Five Star Real Estate
Copyright 2009 All rights Reserved
Photo of Thornapple River at Ruehs Park by Bonnie Westbrook
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 a friendly group of players. We have an excellent grounds staff and a great pro shop staff.
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
February 2009 Real Estate Market Report
For Sale: 7
There are 7 active Watermark Homes currently on the market.
The average Watermark Homes current active price is $ 809,743.
The average Watermark Homes current price per sq ft is $ 240.39.
The average days on the market for active Watermark Homes is 125.
The high price is $ 2,700,000 and the low price is $ 179,800.
Sold: 7
There have been 7 Watermark Sold Homes since May 1, 2008.
The average Watermark Sold Homes price is $ 491,714.
The average Watermark Sold Homes price per sq ft is $193.81.
The average days on the market for Watermark Sold Homes is 71.
Pending: 0
Expired: 18
At the current rate of sales, we have a 9.35 month supply of homes on
the market at the Watermark Residences.
If you would like further information about Watermark,
Cascade or Forest Hills Homes, please contact me directly.
Watermark Residences December 2008 Market Report
Watermark Residences November 2007 Market Report
Watermark Residences October 2008 Market Report
Watermark Residences September 2008 Market Report
Watermark Residences August 2008 Market Report
Watermark Country Club ~ Pool Time
Grand Rapids – Ada Real Estate – Five Star Real Estate
Copyright 2009 All rights reserved
photo of Watermark Residences Entrance by Bonnie Westbrook
Current market conditions have brought home prices down to levels we
haven’t seen in several years. All price levels and amenities have been
affected.
Now may be a great time to think of owning a Waterfront Home.
I have included a list of over 30 homes in Kent County Michigan in the
$200,000 to $300,000 price range, in the above link.
This river front home is listed for $219,900 and is nearly new, being built in 2008.
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.
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2009 All rights reserved
Grand Rapids Township Real Estate Market Report
Current Absorption Rate for Grand Rapids Township homes is 11 months,
which means if no new listings come on the market, it will take 11 months
to sell the existing inventory of homes.
There are 193 Active listings currently for sale.
The average List price is $ 308,284
Average List price $/SqFt $141.77
97 Sold & Pending Grand Rapids Township Homes since 9-1-08.
The average SOLD price is $ 248,346
Average Sold Price /SqFt $123.70
High Sold Price $ 775,000
Low Sold Price $ 57,500
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 2009 All rights reserved
Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook