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
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