Caledonia Michigan Real Estate Market Report Jan – March 2010

Current Caledonia MI Absorption Report

Absorption rate for Caledonia MI Market is currently 4.6 months,

which means if no other homes come on the market, it will take

4.6 months for the current inventory to sell at the current

sales rate. This stat is down by one third+ less than last year’s figure.

We are seeing a definite upturn in sales in Caledonia homes and

sell times are currently returned to a “normal” range of 3-6 months.

There are 125 current active listings, from $77,900 to

$1,195,000 in Caledonia MI.

Current average Caledonia home listed price is much higher

[about $297,773] than the average sold price [$166,914].

37 Pending Home Sales, and 44 Sold Homes since Jan 1, 2010.

The average sold price/Square foot is $ 92.89

Sold High $425,000 Sold Low – $57,400

There are 3 homes in million dollar+ range listed, so this skews

the figures somewhat in the upper home price brackets.

The Caledonia market has been busy so far this year; buyers

bought 6 homes under $100K, the majority of homes purchased

were between $100-200K.

Currently, there are only 9 homes listed under $100K, 39 homes

listed between $ 300K-999,999K, and that means that 77 homes

are listed between $100K and 299,999K, many opportunities

in the middle brackets to own a home in Caledonia.

With interest rates bound to rise, buying now could save you

thousands of dollars over the life of your mortgage.

Caledonia Real Estate

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Grand Rapids Real Estate ~ Westbrook Realty

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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!