Current Caledonia MI Absorption Report
Absorption rate for Caledonia MI Market is currently 8.6 months,
which means if no other homes come on the market, it will take
8.6 months for the current inventory to sell at the current
sales rate. This stat is one third less than last month's figure.
We are seeing a definite upturn in sales in Caledonia homes and
sell times are returning to the normal range.
There are 156 current active listings, from $39,000 to
$1,284,900 in Caledonia MI.
The current average Caledonia home listed price is much higher
[about $324,828] than the average sold price [$188,447].
25 Pending Home Sales, and 69 Sold Homes since Jan 1, 2009.
The average sold price/Square foot is $ 98.42
Sold High $875,000 Sold Low - $34,000
There are 6 homes in million dollar + range listed, so this skews the
figures somewhat in the upper brackets.
The Caledonia market is much brisker this month as buyers try to get
situated in their new homes before school starts. Newer and higher
end homes are selling, only 3 homes sold at $100,000 or under.
Average sold price per square foot rose again this month. There
are some excellent buys in Caledonia but they are
disappearing fast. Don't wait until they are gone.
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights Reserved
Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook