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Crystal Springs ~ Kentwood Absorption Report August 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.
Jan-Dec 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 12 Active Listings
Average Price: $255,916
Price per Sq Ft: $101.86 (Main Floor only)
Average days on the Market: 143
PENDING: 2 homes
SOLD: 33 Sold Homes
Average Price: $ 216,674
Average Price Per Sq Ft: $ 92.91 (Main floor only)
Average Days on the Market: 107
Absorption Rate for Crystal Springs Listings is 4.3 months for the
current housing inventory. If no other homes enter the market,
it will take 4.3 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
under $100/square foot are selling. Sales have started to rebound in
this neighborhood from last year’s abysmal rates. Although on the
downside, the average price has fallen another 13% since summer.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Caledonia Michigan Real Estate Reports
Kentwood Michigan Real Estate Reports
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
_____________________________________________________________________________________________________
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
Crystal Springs ~ Kentwood Absorption Report August 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.
October 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 17 Active Listings
Average Price: $238,482
Price per Sq Ft: $99.88 (Main Floor only)
Average days on the Market: 148
PENDING: 4 homes
SOLD: 14 Sold Homes
Average Sold Price: $ 230,946
Average Sold Price Per Sq Ft: $ 95.48 (Main floor only)
Average Days on the Market: 109
Absorption Rate for Crystal Springs Listings is 3.3 months for the
current housing inventory. If no other homes enter the market,
it will take 3.3 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.
Sales have started to rebound in this neighborhood from last
year’s abysmal rates. Sold prices remain steady and haven’t fallen
this summer or fall, though average list price has shifted downward
about $14K to align with sold prices.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Crystal Springs Home – Sold in 4 days
Caledonia Michigan Real Estate Reports
Kentwood Michigan Real Estate Reports
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
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.
August 2009 Real Estate
Residential Market Report
Crystal Springs Neighborhood
Active Listings: 23 Active Listings
Average Price: $252,374
Price per Sq Ft: $105.83 (Main Floor only)
Average days on the Market: 172
PENDING: 6 homes
SOLD: 12 Sold Homes
Average Price: $ 245,825
Average Price Per Sq Ft: $ 95.77 (Main floor only)
Average Days on the Market: 155
Absorption Rate for Crystal Springs Listings is 5 months for the
current housing inventory. If no other homes enter the market,
it will take 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.
Sales have started to rebound in this neighborhood from last
year’s abysmal rates. Prices remain steady and haven’t fallen
this summer.
Watermark CC purchases Crystal Springs GC
Crystal Springs GC has a new look & a new name
Caledonia Michigan Real Estate Reports
Kentwood Michigan Real Estate Reports
If you would like additional information about Caledonia
or Kentwood Homes, please contact me directly at
1-888-240-1968 ext 0
Grand Rapids Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Kentwood Michigan is a large suburb of Grand Rapids with a population
under 50,000. It has manufacturing, shopping centers, and lots and lots
of residential housing. Kentwood Public Schools are one of the largest
school systems in the area with over 9000 students and 16 buildings
within a 24.25 square mile area.
Kentwood home sales are still on a general downward trend
in price. Over 1/3 of Kentwood Homes Equity has dissolved in
the last 3 years, according to the current stats.
We are seeing some price recovery from last month’s figures
and the overall summer activity is high. Kentwood has one of
the lowest absorption rates in the area.
Foreclosures and short sales are still affecting the average
market price here as Grand Rapids has seen jobs disappear.
The homes under $ 150K in Kentwood are seeing about 70% of the
overall sales. The homes over $150K may be priced too high for
today’s timid buyers (many of them think prices will erode still
further) or it could be condition. Your list price has to
be close to the sale price or your home just doesn’t get serious
buyer activity. And if you still have the old carpeting,
you will need to upgrade or lower your price if you want
to see a sold sign this year. We are seeing serious buyers
vying for the best homes on the market with multiple offers.
In 2006, Kentwood has 495 home sales:avg sold price:$159,788
In 2007, Kentwood had 434 homes sales: avg sold price:$151,009
In 2008, Kentwood had 722 home sales:avg sold price: $115,127
In 2009, Kentwood has had 547 home sales: avg sold price:$ 99,354
Home sales for Kentwood – Up to $150,000:
153 Active Listings with Avg price $ 124,754
139 sold since May 1, 2009
Avg sold price $108,847
Avg Days on Market – 87
Home sales for Kentwood – $150,001 UP:
70 Active Listings with avg price of $ 189,463
29 sold since May 1, 2009 Low: $150,195 High: $232,000
Avg sold price $150K+ = $168,976
Avg Days on Market – 138
Kentwood Absorption Rate for this price range is 4 months,
at the current rate of sale (which means if no new listings come
on the market, it will take 4 months to sell the active listed
homes). This is down from last month, which is great news,
though the average sold prices on the lower end are going up
slightly and average price on upper end is going down. I would
assume this is due to bank foreclosures and short sales which
have driven down home price averages for most of Kentwood.
Kentwood Michigan Top Best Buy Homes July 2009
Kentwood Michigan Absorption Report June 2009
Kentwood Michigan Real Estate Information
Real Estate is always hyper-local. If you have questions about
a specific Kentwood home, please contact me:
phone: 1-888-240-1968 ext 0
or email: Terry@terrywestbrook.com
Grand Rapids Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
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