Crystal Springs ~ Kentwood Absorption Report June 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.

Kentwood high school kentwood mi

                     June 2009 Real Estate

                    Residential Market Report

                    Crystal Springs Neighborhood

Active Listings: 28 Active Listings

Average Price: $267,893

Price per Sq Ft: $112.54 (Main Floor only)

Average days on the Market: 140

PENDING: 8 homes

SOLD: 13 Sold Homes

Average Price: $ 205,731

Average Price Per Sq Ft: $ 92.05 (Main floor only)

Average Days on the Market: 100

 

Absorption Rate for Crystal Springs Listings is 8 months for the

current housing inventory. If no other homes enter the market, it

will take 8 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 under $100 are selling in about 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 June 2009 Real Estate Market Report

Top Best Buys Caledonia Michigan June 2009

Video Tour of Caledonia Michigan

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009     All rights reserved

photo of Kentwood High School Football Stadium by Bonnie Westbrook

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