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 teeny price erosion from last month's figures,

again this month. 

 The homes under $ 150K in Kentwood are seeing the 4-5 times the

 sales of the homes over $150K.  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 gold shag 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 233 home sales: avg sold price:$92,789

Home sales for Kentwood - $70,000 to $149,999 price range:

141 Active Listings with Avg price $ 126,911.

116 sold since September  2008

40 Pending since last month

Avg sold price $70K-150K  $112,369 

Avg Days on Market - 103

Home sales for Kentwood - $150,000 to $400,000 price range:

94 Active Listings with avg price of $ 184,422

27 sold since September 2008

5 Pending Sales

Avg sold price $151K-400K  $182,374

Avg Days on Market - 115

111 Expired Listings with Avg DOM of 181 days

Kentwood Absorption Rate for this price range is 10 months,

at the current rate of sale (which means if no new listings come

 on the market, it will take 10 months to sell the active listed

 homes).

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 Ada Real Estate ~ Westbrook Realty

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