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. 

Meijer Gardens Entrance

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 is actually a school district in Ada - Cascade MI. This market

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 Eastern High school Ada Township MI

          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

Average 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 is located on the Flat River just east of Grand Rapids, MI.

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.

Lowell MI Chamber of Commerce sign

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.

1029 Iowa St SW Wyoming Mi home for sale

 

 1029 Iowa St SW Wyoming Mi home for sale1029 Iowa St SW Wyoming Mi home for sale

 

40th Street Park Wyoming MI

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 today. A Kent County public course in 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.

1st tee LE Kaufman GC GR MI

The First Tee water on the right and left.

 

2nd hole LE Kaufman GC GR MI

The fifth hole from right of the fairway Yes I made par.

 

2nd green LE Kaufman GC GR MI 

The 2nd Green

 18th tee LE Kaufman GC GR MI

The 14th Tee better hit it straight or you will be in the woods.

 

18th green LE Kaufman GC GR MI

The 18th Green

LE Kaufman GC GR MI deer

 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 high school kentwood mi

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

East Grand Rapids MI Public Library

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!

 

Lowell MI Historical Museum

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.

 

Rockford Public Library Rockford MI

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

 
 
Rainmaker_large

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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