Current Absorption Rate for Grand Rapids Township homes is 8.8 months ,
which means if no new listings come on the market, it will take 8.8 months
to sell the existing inventory of homes. The average sold home price has
risen from last month. Summer inventory is up compared to last month
and absorption rate is closer to normal levels.
If you want your Grand Rapids Township home to sell, it must be in
tip top condition and priced to sell.
There are 167 Active listings currently for sale.
The average List price is $ 316,177
Average List price $/SqFt $145.57
113 Sold & Pending Grand Rapids Township Homes since 1-09
The average SOLD price is $ 248,640
Average Sold Price /SqFt $118.41
High Sold Price $ 720.000
Low Sold Price $ 53,000
Grand Rapids Township MI Absorption Report May 2009
Grand Rapids Township MI Top Best Home Buys May 2009
Grand Rapids Township MI Top Best Home Buys June 2009
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
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook
Forest Hills (Ada Cascade) MI Real Estate Absorption Report
Forest Hills Ada - Cascade MI.
is always active. These Grand Rapids suburban communities have
wonderful neighborhoods, some new and some older with Top Ranked
Forest Hills Public Schools, and private schools, such as Ada Christian
& St Roberts that attract many home owners.
This report will cover the Feb 1, 2009 to June 30, 2009 real estate
market activity.
Forest Hills MI Listings over $300,000
The absorption rate for Forest Hills MI is 19.22 months, which means if no
new listings come on the market, it will take 19.22 months to sell the existing
$ 300K+ homes at the current rate of sale. This rate is up from last
month, sold prices are still inching downward. Inventory is ticking up, but
sales are holding fairly steady. Your Forest Hills home has a good chance
to sell if it is in good condition and priced correctly .
$300,000+ Homes
237 Active Forest Hills Listings
Average price of $611,882
Average price/square foot $198.88
Low price of $300,000
High price of $2,700,000.
Sold Forest Hills Listings 53
Average sold price $475,835
Average Sold price/sq ft $ 161.96
Lowest sold price $300,000
Highest sold price $1,325,000
Pending Listings 21
Forest Hills Active Listings $74,000 - $300,000
The Absorption rate for Forest Hills homes in this price range is 7.3
months, which means that if no new homes enter the market, at the
current rate of sales, it will take 7.3 months to sell all current inventory.
This is up slightly from last month, but still within normal range.
Forest Hills Active Listings 219
A verage Active Price $207,556
Average Active Price/SqFt $117.88
Average Active Days on the Market 113
High Active Price $300,000
Low Active Price $74,900
Sold Forest Hills Listings 127
Average Sold Price $189,179
Average Sold Price/sq ft $97.44
Average Sold Days on the Market 97 Days
High Sold Price $300,000
Low Sold price is $53,000
Pending Sales 52
Market Synopsis: Although the absorption rate is one of the lowest in
the area, for the under 300K homes, this market area is still seeing
some slight reduction in average sold price and price per sq ft. With
more active listings coming on the market this summer, this will not
help current inventory sell faster or for more money.
Grand Rapids MI Top Best Buy Homes ~ June 2009
Forest Hills Market Report May 2009
Forest Hills Michigan Public Schools Update 2009
If you would like specific information about an Ada Cascade or
Forest Hills MI Homes, please contact me directly:
email: terry@terrywestbrook.com
ph. 1-888-240-1968 x 0
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Forest Hills Eastern High School by Bonnie Westbrook
Lowell Michigan Real Estate Absorption Report ~ June 2009
Lowell Michigan
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 .
Active Listings: 190 Active Listings
Average Price: $252,024
Price per Sq Ft: $129.48 (Main Floor only)
Average days on the Market: 169
PENDING: 31 homes
SOLD: 80 Sold Homes
Average Sold Price: $ 145,964
Average Sold Price Per Sq Ft: $ 86.91 (Main floor only)
Average Sold Days on the Market: 102
These stats are figured from Jan 1, 2009 to June 30, 2009
Absorption Rate for Lowell Listings is 10.2 months for the
current housing inventory. If no other homes enter the market, it
will take 10.2 months for the current homes to sell at the current
rate of sales. This is getting closer to the normal range of 6-8 months.
Lowell Homes that are priced competitively are selling.
As you can see by the statistics, the homes that have their price
per square foot under $90 are seeing the most activity. 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 might normally be, but average list price is down slightly
and average sold price is up from last months stats.
Some sellers have retired from the market and will try again soon,
filling an already saturated market.
They might find a better buying market, but price is still king.
Today's buyer is looking for a well priced bargain in great condition.
Lowell Michigan Real Estate Market Report May 2009
Lowell Michigan Top Best Home Buys June 2009
Lowell Michigan Real Estate Market Report April 2009
Lowell Michigan Real Estate Market Report March 2009
Video Tour of Lowell Michigan
If you would like additional information about Lowell
Area Homes, please contact me through email or my web site.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Can you picture yourself in this well maintained Wyoming Michigan
Ranch home with cathedral ceilings, original refinished oak hardwood floors
in the living room dining room and hallway?
It also has newer laminate kitchen cabinets , neutral vinyl floors in the kitchen.
All kitchen appliances, range, refrigerator, dishwasher, and microwave are
included with the home.
The bath has been remodeled with a new tub/shower unit, vinyl flooring,
and a new vanity cabinet with intregal sink counter top.
The lower level recreation room has been drywalled but needs to be taped
and seams finished, the ceiling has been prepped for finishing and the floors
have been freshly painted. The washer and dryer are in the lower level laundry
area and are also included in the home sale. A Home Warranty is included
to protect against major repairs in the first year of home ownership.
The spacious, privacy fenced back yard has a large 15' by 15' wooden deck,
a 8' by 18' storage building and a children's play set, all are included with
the home.
This wonderful home is located at 1029 Iowa Street SW in Wyoming Michigan,
just around the corner from 40th Street Park.
All this for $79,900 ~ MLS # 721583
More photos on our Website
If you would like further information about Grand Rapids or Wyoming Homes,
please contact me directly.
Grand Rapids Ada Real Estate ~Westbrook Realty
Copyright 2008 All rights reserved
photos of 1029 Iowa St SW by Bonnie Westbrook .
This is the kind of real estate I prefer to all others, especially on the weekend.
No hassles, just blue sky, green grass, and an 18 hole challenge. I played
at L E Kaufman Golf Course Grand Rapids
that is rated one of the best courses in Michigan. It will host the the Kent County
Amateur again this year on July 11th and 12th.
I didn't play particularly well today, but the course was in good shape, and
I had 3 new friends to share the morning round.
I took a few pictures so you can see a sampling of what this course looks like.
It is hard to believe to you are about 10-15 minutes away from downtown
Grand Rapids. I guess this why we love Michigan and the Grand Rapids area.
The First Tee water on the right and left.
The fifth hole from right of the fairway Yes I made par.
The 2nd Green
The 14th Tee better hit it straight or you will be in the woods.
The 18th Green
Another player is out near the green, wonder if he found a stray ball.
Westbrook Realty Grand Rapids Real Estate
Copyright 2009 all rights reserved
photos of LE Kaufman Golf Course by Terry Westbrook
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 still seeing a small price erosion from last month's figures,
again this month, though the spring activity is high. Foreclosures 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 of Kentwood homes. 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 light blue carpeting,
you will need to upgrade or lower your price if you want to see a
sold sign this year .
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: $115,127
In 2009, Kentwood has had 462 home sales: avg sold price:$ 102,268
Home sales for Kentwood - Up to $149,999 :
150 Active Listings with Avg price $ 126,875
139 sold since January 2009
66 Pending sales
Avg sold price $96,722
Avg Days on Market - 88
Home sales for Kentwood - $150,000 UP :
74 Active Listings with avg price of $ 189,463
25 sold since January 2009 Low: $150,000 High: $925,000
7 Pending Sales
Avg sold price $150K+ $204,449
Avg Days on Market - 143
66 Expired Listings with Avg DOM of 192 days
Kentwood Absorption Rate for this price range is 5.67 months,
at the current rate of sale (which means if no new listings come
on the market, it will take 5.67 months to sell the active listed
homes). This is down from last month, which is good news, though
the average prices on the lower end are still 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 June 2009
Kentwood Michigan Absorption Report May 2009
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
Current Real Estate Market Report For East Grand Rapids Michigan
Absorption rate for East Grand Rapids MI housing market is currently
at 12 months, which means if no new listings come on the
East Grand Rapids market, it will take 12 months for the existing
home inventory to sell.
There are 169 active listings on the East Grand Rapids market now,
up slightly from last month, ranging from $99,980 to $2,039,000.
32 Pending Home Sales
84 Sold Homes with sold prices ranging from $ 25,000 to $ 1,275,000
since Jan 1, 2009 in the East Grand Rapids housing inventory
East Grand Rapids Homes up to $200,000
Active Listings - 34
Pending - 15
Sold - 36
Avg Sold Price - $ 137,382
East Grand Rapids Homes $200,000 to $300,000
Active Listings - 46
Pending - 10
Sold - 23
Avg Sold Price - $ 251,570
East Grand Rapids Homes $ 300,000 to $500,000
Active Listings - 52
Pending - 4
Sold - 9
Avg Sold Price - $ 367,611
East Grand Rapids Homes $ 500,001 ++
Active Listings - 37
Pending - 3
Sold - 3
The lower end of this market (under $300K) has seen about 85 %
of the sales in the last six months. With the current lowest list price
at $ 99,980, it looks like the bargain basement days in EGR housing
is phasing out. Almost half of these sales have been over $ 100
a square foot. Homes in the higher prices are selling, but much
slower than normal.
East Grand Rapids April 2009 Absorption Report
East Grand Rapids Top Best Buy Homes June 2009
If you have any questions about East GR homes,
please contact me directly:
ph 1-888-240-1968 ext 0
email:terry@terrywestbrook.com
Grand Rapids Ada MI Real Estate ~ Westbrook Realty
copyright 2008 All rights reserved
Photo of East Grand Rapids Public Library by Bonnie Westbrook
Happy Independence Day to you all.
Have you ever wondered what happened to the 56 men
who signed the Declaration of Independence ?
Five signers were captured by the British as traitors,
and tortured before they died.
Twelve had their homes ransacked and burned.
Two lost their sons serving in the Revolutionary Army;
another had two sons captured.
Nine of the 56 fought and died from wounds or
hardships of the Revolutionary War.
They signed and they pledged their lives, their fortunes,
and their sacred honor.
What kind of men were they?
Twenty-four were lawyers and jurists.
Eleven were merchants,
nine were farmers and large plantation owners;
men of means, well educated,
but they signed the Declaration of Independence
knowing full well that the penalty would be death if
they were captured.
Carter Braxton of Virginia, a wealthy planter and
trader, saw his ships swept from the seas by the
British Navy. He sold his home and properties to
pay his debts, and died in rags.
Thomas McKeam was so hounded by the British
that he was forced to move his family almost constantly.
He served in the Congress without pay, and his family
was kept in hiding. His possessions were taken from him,
and poverty was his reward.
Vandals or soldiers looted the properties of Dillery, Hall, Clymer,
Walton, Gwinnett, Heyward, Ruttledge, and Middleton.
At the battle of Yorktown , Thomas Nelson, Jr., noted that
the British General Cornwallis had taken over the Nelson
home for his headquarters. He quietly urged General
George Washington to open fire. The home was destroyed,
and Nelson died bankrupt.
Francis Lewis had his home and properties destroyed.
The enemy jailed his wife, and she died within a few months.
John Hart was driven from his wife's bedside as she was dying.
Their 13 children fled for their lives. His fields and his gristmill
were laid to waste. For more than a year he lived in forests
and caves, returning home to find his wife dead and his
children vanished.
So, take a few minutes while enjoying your 4th of July holiday and
silently thank these patriots. It's not much to ask for the price they paid.
Remember: freedom is never free!
Taken from "Patriotism Facts." Author unknown.
If you had come to us even 2 years ago and asked us if we wanted to Twitter our
Flickr, we would have thought you had lost your mind or were implying a few things
that might be X-rated. Flash forward to today.... This is Great News!! At last, you
can optimize your Flickr account by Twittering your photos!
The Flickr Blog announced on Tuesday , it is an option for you to twitter your photos.
We set up our Flickr account to post to Twitter in just a few moments by following the
directions linked to above. We have posted two new listings out in cyber-world today!
Photos and videos are powerful tools to show your areas of expertise. We get
hundreds of hits on our photos of homes for sale and local areas of interest.
If you are moving to an area you aren't familiar with, photos are the best way to
see what it looks like, check out the terrain. Buyers want to see homes with lots
of photos before they will make the effort to see them personally.
If you don't have a Flickr account, you might consider getting one. If you do, start
twittering those photos. People like to do business with the local experts.
Westbrook Realty Grand Rapids Real Estate
Copyright 2009 All rights reserved
photo by Bonnie Westbrook
Current Real Estate Market Report ~ Rockford Michigan ~ June 2009
Current Absorption Rate for Rockford Michigan is 7.5 months
on average, which means if no new listings come on the market,
it will take 7.5 months to sell current inventory. This is a
50%. decrease from last month, so inventory is selling.
The under $200K market is moving faster than the over $200K.
Homes less than $200,000 since May 1, 2009 sold prices appear
to be still declining slightly, even though 126 homes sold in
Rockford Public School District last month. Foreclosure & bank
owned homes could be tipping the figures downward.
The over $200K market has taken a 15% decrease in average
sold price from last month.
255 Active Rockford MI Listings under $200,000
Sold Rockford Homes: 40
Pending Rockford Homes: 57
Average sold price $ 128,688
High Sold price $190,000
Low Sold price $46,200
Average Sold Price/SqFt $94.67
Over $ 200,000 Rockford MI Homes
220 Active Rockford MI Listings
Sold Rockford Homes 15
Pending Rockford Homes 14
Average Rockford List Price: $ 365,519
Average Rockford Sold Price: $ 255,261
Average Sold Price/SqFt $ 140.45
High Sold Price $ 410,000
Low Sold Price $200,000
Inventories have increased with the spring market and sales are
starting to take off in Rockford over the last 2 months. The absorption
rate is 7.5 months which is a normal market range for our area.
It appears that smaller homes are selling faster because the price
per sq ft has gone up while the average sale price has declined by
15% from last months report. It is important that you have your
home in great condition and 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:
1-888-240-1968 ext 0
email: terry@terrywestbrook.com
Rockford Michigan Real Estate Market Report ~ May 2009
Rockford Michigan Real Estate Market Report ~ April 2009
Rockford Michigan Real Estate Market Report ~ March 2009
Rockford Michigan Top Best Home Buys ~ June 2009
Rockford Michigan Video Tour
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
Photo of Rockford Public Library - Downtown Rockford by Bonnie Westbrook
Terry Westbrook ~ Westbrook Realty Grand Rapids Forest Hills MI Real Estate
Grand Rapids ,
MI
More about me…
Westbrook Realty Broker-Owner
Address: 5673 Far Hill Dr SE, Grand Rapids, MI, 49546
Office Phone: (888) 240-1968 x 0
Cell Phone: (616) 292-7263
Email Me
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