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Current Absorption Rate for Rockford Michigan is 4.79 months
overall on average, which means if no new listings come on the
market, it will take 4.79 months to sell current home inventory.
March 15, 2010 – June 14, 2010
Rockford Homes Less than $200,000
Active Listings – 217
Pending Homes – 52
Sold Rockford Homes 111
Average sold price $ 139,345 140,296
High sold price $199,900
Low sold price $44,250
Average Sold Price/SqFt $98.08
Over $ 200,000 Rockford MI Homes
Active Rockford MI Listings – 162
Pending Rockford Homes – 23
Sold Rockford Homes – 51
Average Rockford List Price: $ 356,650
Average Rockford Sold Price: $ 336,866
High Sold Price $ 1,299,000
Low Sold Price $202,000
Even though inventories are still high in this market, the
absorption rate is back in normal range. It has been a good
spring market for the Rockford area. We still recommend
you have your home priced correctly, over-priced homes
will not sell in this buyer’s market.
If you have any questions about Rockford or
Grand Rapids MI homes, please contact me directly.
Grand Rapids Real Estate – Westbrook Realty
Copyright 2010 All rights reserved
Photo by Bonnie Westbrook
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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 metro-
politan 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 a list of the TOP Best Lowell Michigan 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.
The price 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.
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.
Great opportunities to buy a Lowell Home at bargain prices:
The lowest price/Sq Ft range from $26.66 to $69.30
in Lowell Top Best Buy Homes this month.
May 2010 20 TOP BEST BUY Lowell Homes
Lowest list price is $52,900
Highest list price is $193,000
The Top Lowell Homes to Buy by Price per Square Foot:
410 Kent St $ 52,900 1984 Sq Ft $26.66/SqFt
261 Jane Ellen $ 59,900 912 Sq Ft $65.68/SqFt
1258 Fun St $ 59,900 1510 Sq Ft $39.67/SqFt
9612 Grand River Dr $ 63,500 1104 SqFt $57.52/SqFt
410 N Jackson St $ 69,900 1444 Sq Ft $48.41/SqFt
150 S Hudson St $ 79,900 2447 Sq Ft $32.65/SqFt
9070 Bailey Dr NE $ 89,900 1584 SqFt $56.76/SqFt
11968 Drew Rd $ 89,900 1616 Sq Ft $55.63/SqFt
2348 Segwun Ave SE $ 89,900 1512 Sq Ft $59.46/SqFt
1545 Carol Lynne Dr $ 94,900 1536 Sq Ft $61.78/SqFt
1000 Lincoln Lake $ 98,900 2868 Sq Ft $59.61/SqFt
743 Grindle Dr $105,000 2600 Sq Ft $58.59/SqFt
545 North St $109,900 1906 Sq Ft $57.66/SqFt
2022 Conservation Trl $114,500 1788 Sq Ft $64.04/SqFt
190 Valley Vista Dr $119,900 1764 SqFt $67.97/SqFt
936 Beech St $122,900 1792 Sq Ft $68.58/SqFt
12602 52nd St SE $135,000 2536 Sq Ft $53.23/SqFt
3041 Nyala Dr $165,000 4500 Sq Ft $58.93/SqFt
13217 52nd St SE $190,000 2911 Sq Ft $65.27/SqFt
219 N Washington $193,000 3106 Sq Ft $62.14/SqFt
There are still bargain priced homes for sale in Lowell, there
are 11 homes priced under $100K. There seems to be more
inventory this month in Lowell with low prices.
Lowell Michigan Real Estate Blogs
*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 any of these homes, please
contact Terry: 1-616-292-7263
Or email : terry@terrywestbrook.com
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the Top Best Buy Caledonia Michigan
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. The price 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.
Check back often or just subscribe to our blog to get
up-to-date local real estate information that you want to know.
Caledonia Public Library
The total square footage is noted here, although only the
main floors are used to figure price per square foot.
Lowest price/Sq Ft range from $38.68 to $89.29 in Caledonia.
May 2010 TOP BEST BUY Caledonia MI Homes
Highest list price is $320,000 Lowest list price is $62,000
The Top 25 Caledonia Homes to Buy by Price/Square Foot:
6919 Hammond Ave $ 62,000 1603 Sq Ft $38.68/SqFt
6658 Hanna Lake Ave $ 75,000 1612 Sq Ft $67.45/SqFt
8935 Croniger St SE $80,000 1325 Sq Ft $83.33/SqFt
8601 Acorn St $ 84,900 998 Sq Ft $85.07/SqFt
3526 68th St SE $ 89,900 1140 Sq Ft $78.86/SqFt
513 Kinsey Ave SE $104,900 1242 SqFt $84.46/SqFt
2100 92nd St SE $109,500 1300 Sq Ft $84.23/SqFt
401 Emmons St SE $119,900 1578 Sq Ft $75.98/SqFt
7050 84th St SE $125,000 1400 Sq Ft $89.29/SqFt
213 Johnson St SE $129,900 1942 SqFt $66.89/SqFt
8956 Braden St SE $129,900 1619 Sq Ft $80.23/SqFt
3009 76th St SE $129,900 1650 Sq Ft $78.73/SqFt
328 E Main St SE $132,000 1680 SqFt $78.57/SqFt
1648 Crescent Pointe $144,900 2047 Sq Ft $70.79/SqFt
4508 Rolling Ridge Dr $148,326 2070 Sq Ft $71.66/SqFt
308 Elm St SE $149,500 2907 Sq Ft $83.19/SqFt
429 Emmons St SE $149,500 2370 Sq Ft $74.82/SqFt
6101 N Costner Ct SE $159,900 1926 Sq Ft $83.02/SqFt
444 Green Ridge Dr $160,000 2140 Sq Ft $74.77/SqFt
9615 Scotsmoor Dr SE $164,900 2140 SqFt $77.06/SqFt
8706 Alaska Ave SE $169,900 3121 Sq Ft $54.44/SqFt
327 Johnson St $178,500 3000 Sq Ft $59.50/SqFt
9585 Kalamazoo Ave $198,500 2500 Sq Ft $79.40/SqFt
323 Johnson St SE $212,900 3800 Sq Ft $73.59/SqFt
8909 Kraft Ave SE $320,000 4617 Sq Ft $69.31/SqFt
With only 5 homes priced under $100K, we are starting
to see prices on the way up, so if you have been waiting
for the best time to buy in Caledonia, don’t wait much longer.
The Buyers Tax Credit has expired for First Time Buyers &
homeowners who have lived in their homes for the past 5 of
8 years. This tax credit is still available for military who have
been serving overseas and unable to take advantage of the
tax credit.
NOW is the best time to buy a Caledonia home, interest rates
are low and inventory is still high.
*Some of these homes may be bank owned foreclosures and
not habitable as is or available for a mortgage in present condition.*
Caledonia Michigan Real Estate Articles
If you would like to see a Caledonia Top Best Buys Home, please
contact me: 1-888-240-1968 ext 0
or email me at terry@terrywestbrook.com
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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!
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 $67.01
Highest price per Sq Ft $98.04
April 2010 BEST BUY GR Township Homes
Highest list price is $ 249,624
Lowest list price is $ 74,900
Top Best Buy Grand Rapids Township Homes by Price/Sq Ft:
3164 Dean Lake Ave $ 74,900 1040 SqFt $72.02/SqFt
3747 Bradford St NE $109,900 1640 SqFt $67.01/SqFt
3435 Dean Lake Ave $115,000 1311 SqFt $87.72/SqFt
2450 Maguire Ave $124,900 2084 SqFt $98.04/SqFt
2530 Cascade Rd SE $139,000 2200 SqFt $86.88/SqFt
3346 Dean Lake Ave $139,900 2520 SqFt $79.58/SqFt
1019 Cutter Parkway $139,900 1643 SqFt $85.15/SqFt
2309 3 Mile Rd NE $149,900 3340 SqFt $70.54/SqFt
3351 Nottingham Dr $169,900 2202 SqFt $91.15/SqFt
43 Robinhood Dr NE $189,900 2328 SqFt $94.20/SqFt
2548 Woodsboro Ct $194,900 2804 SqFt $97.26/SqFt
205 Shore Haven Dr $199,900 2652 SqFt $75.38/SqFt
3352 Oak Hollow Dr $199,900 2800 SqFt $90.17/SqFt
201 Shore Haven Dr $209,000 2600 Sq Ft $80.38/SqFt
2966 Canyonside Ct $214,900 3000 SqFt $91.76/SqFt
493 Arrowhead Ave $226,000 3284 SqFt $81.18/SqFt
455 Golf Road SE $229,900 2574 SqFT $89.32/SqFt
2980 CopperGrove Dr $249,624 2691 SqFt $92.76/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
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
We have gathered a list of the TOP Kentwood Michigan 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. The price 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.
The total square footage is noted here, although only the
main floors are used to figure price per square foot.
Lowest prices/Sq Ft range from $31.93 to $64.97 in Kentwood this month.
April 2010 24 TOP BEST BUYS in Kentwood MI Homes
The lowest list price is $ 23,950
the highest list price is $139,900
Top Kentwood MI Homes to Buy by Price per Square Foot:
7213 Regal Ave SE $23,950 750 Sq Ft $31.93/SqFt
71 Jonquil St SW $49,900 936 Sq Ft $53.31/SqFt
88 Violet St SW $49,900 768 SqFt $64.97/SqFt
5651 Haughey Ave $49,900 872 SqFt $57.22/SqFt
155 Wavell St SE $58,000 1350 Sq Ft $42.96/SqFt
32 Dunkirk St SE $58,000 912 SqFt $63.60/SqFt
423 Pine Place St $59,900 1248 SqFt $48.00/SqFt
911 60th St SE $59,900 1010 SqFt $59.31/SqFt
5444 Eastern Ave $59,900 976 SqFt $61.37/SqFt
5834 Haughey Ave $63,000 1354 SqFt $46.53/SqFt
123 Barry St $64,900 1140 SqFt $63.63/SqFt
2097 60th St SE $70,000 1300 Sq Ft $53.85/SqFt
2830 32nd St SE $72,000 1363 Sq Ft $52.82/SqFt
4314 Fuller Ave SE $74,900 1289 SqFt $58.52/SqFt
4631 Eastern Ave $79,900 1500 SqFt $61.46/SqFt
4545 Grantwood $84,900 1396 SqFt $60.82/SqFt
2206 Highlander Dr $87,500 1728 SqFt $50.64/SqFt
4361 Plymouth Ave $109,900 2800 SqFt $61.40/SqFt
876 Bellewood Dr $109,900 2282 Sq Ft $48.16/SqFt
3615 Kalamazoo Ave $114,900 2725 Sq Ft $42.17/SqFt
5759 Burgis Ave $120,000 2800 SqFt $54.55/SqFt
1456 54th St SE $122,000 2125 Sq Ft $57.41/SqFt
5677 Gentian Ct $124,900 2168 SqFt $57.61/SqFt
1160 Edsel St SE $165,000 3318 SqFt $57.33/SqFt
Kentwood & Wyoming have been hit hard by unemployment,
automotive plant shutdowns and loss of population. Short Sales are
extremely difficult for most home buyers to consider as a purchase.
Please keep in mind the time alone [3-9 months] of negotiating with
the banks makes it almost impossible for some buyers to consider.
Foreclosures are somewhat easier to purchase but many are sold
as-is. The Tax Credit for home buyers will go away on April 30th,
2010. If you have been thinking of buying a Kentwood home,
NOW IS THE TIME!!
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.
*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 to view a Kentwood Top Best Buys Home,
please call 1-888-240-1968 ext 0 or email us at:
All information is subject to verification & no liability for
omission or error is assumed.
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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!
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
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
This updated home at a choice location near Kent Country Club has 4
bedrooms, 2.5 baths, cathedral ceilings, and a remodeled kitchen to
entice you in. If you lived here, you can have your morning coffee
on the deck or enjoy casual dining in the evening shade. This home
is situated on a hill overlooking the backyard neighbors but trees and
shrubs give you valued privacy on a city lot.
For more information, go to www.terrywestbrook.com
or give us a call for a private showing. With the 2010 tax credit
expiring soon, this well built home shouldn’t be on the market long.
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
This tastefully decorated home is Open from 12 to 2 pm at:
3592 Meadow Grove Bailey’s Grove in Kentwood.
This home has 6 bedrooms, 4 baths, a great open floor plan and finished
lower level. The home sits on a wooded lot that borders on a nature
area in Bailey’s Grove. A finished lower level with game room, craft
room, bedroom with daylight windows and a full bath.
A lovely gourmet kitchen with working island, large pantry, and all appliances
included. A main floor utility room and flex room with bath. Video Link
Listed at $ 264,900
Come and see this home this Sunday, Feb 28th. We will be waiting for you.
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
This luxurious home on Watermark Golf Course is Open this Sunday,
February 28th from 3 to 5 pm.
1698 Watermark Dr SE in Cascade Township, Grand Rapids Michigan
This photo shows the Great Room with fireplace, views of the golf course,
and access to the kitchen and eating area. This home has 5 bedrooms
and 4 baths, a finished lower level with Game Room, Kitchen, Billiard
Room, Theatre Room, and Home Office.
Situated on the 6th tee at prestigious Watermark Golf Course, you can
literally walk out your back door and start playing golf. Or just watch
your friends from the deck as they tee off
Listed at $ 680,000 Video Link
Come out and see us Sunday – We will be waiting for you!
The following was a post we did in February of 2009. Not much
has changed in 1 year. We are expecting the government to start incentives
to banks and second mortgage lenders to encourage the short sale process
instead of waiting for foreclosure.
Benefits:
- House usually sells for a higher price
- Credit of the seller is not affected for as long
- Neighborhood is not affected as adversely
The term Short Sale has nothing to do with the time it takes to close
this type of transaction. It refers to the money the bank or mortgage holder
will receive from the sale of the property. The closing will be “short” of the
funds that the seller owes on the mortgage. In other words, they are upside
down: they owe more than the home is currently worth.
Since we don’t live in a past world where the home “was” worth more or
a future world where it “may” be worth more, this is the sad financial
situation many reluctant home sellers find themselves in today, selling at
a loss. It doesn’t make for happy campers.
The Short Sale scenario usually doesn’t have anything to do with
greed or mismanaging money. Many of the cases we see are typical families
that bought a home, fixed it up a little, and then got a job transfer, had a job
loss, a divorce, a family death or illness occurred which drastically changed
their financial situation.
What the falling prices on homes does is trap the homeowner.
He can’t sell it for what he paid for it—— he has to take a loss, go bankrupt,
or lose his credit rating. How many people have equity in their home, or
savings, or a 401K they can borrow from to pay their losses? We see that
occasionally, but it is not the rule.
The banks and mortgage companies are in a difficult situation.
They are going to take a loss, no matter what happens. The object is to stall,
wait, and negotiate until they get the best outcome they can for their company’s
bottom line. Okay, companies stay in business by minimizing losses.
But, and this is a big but, stalling, and prolonging these transactions
until the potential buyers walk away is hurting everyone. Delaying a month,
two months, three months on answering a decent real estate offer hurts the
bank, the seller, the buyer, and the real estate agent. This kind of time lag is
typical of short sales. I have heard getting these transactions to close as
compared to ” trying to land a 747 on a blade of grass. ”
Real Estate agents don’t like to get involved in these transactions
because they are prolonged, messy, tons of paperwork, many, many frustrating
phone calls, and at the end of the transaction, the bank or mortgage company
will typically “short” the commission the agent has worked for. This is another
sticky wicket because the contract is with the seller, not the mortgage lender.
So, this has to be negotiated again, if you are fortunate. If not, you take what
they will give you.
Short Sales are becoming a much more common transaction as
banks are deluged with foreclosures and calls from homeowners requesting
help. The recent * Recovery Act may be a relief valve, allowing some people
to reduce their mortgage, save their credit and their home. The first week of
March the US government will tell us what the parameters of their plan are
going to be.
*We have seen little effect from the Recovery Act yet.
Make sure your agent has the experience and knowledge to get you
through the minefield of short sale negotiation, if you are buying
or selling.
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263