Current Absorption Rate for Grand Rapids Township homes is 6.3 months,

which means if no new listings come on the market, it will take 6.3 months

to sell the existing inventory of homes.  The average sold home price has

went down slightly from last month, but prices seem stable.  Summer

 inventory is up compared to last month and absorption rate is at normal

levels.

If you want your Grand Rapids Township home to sell for top dollar,

it must  be in tip top condition and priced to sell. 

Meijer Gardens Entrance

There are 175 Active listings currently for sale.

The average List price is $ 311,630

Average List price $/SqFt  $145.34

109 Sold & Pending Grand Rapids Township Homes since April 1-09

The average SOLD price is $ 243,157

Average Sold Price /SqFt  $118.66

High Sold Price $ 720,000

Low Sold Price  $  53,000

 

Grand Rapids Township MI Real Estate 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

_____________________________________________________________________________________________________

 The authors of the this blog write about Grand Rapids Real Estate, the Greater Grand Rapids MI area,

and what it is like to live in West Michigan.  Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services, numerous universities,

plus lively arts and entertainment of all kinds. We believe: Grand Rapids is a Great Place to Live!

search for Grand Rapids homes                Find Grand Rapids Home Value                Grand Rapids Relocation Guide

            Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

 
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6 Comments on Grand Rapids Township Michigan Real Estate Market Report ~ July 2009

AUG
16
213,683 Points

The absorption rate for the Grand Rapids Township is very interesting. We use the absorption rate for our area in working with both buyers and sellers.

 

 

Betty

1:14pm • #1
AUG
17
320,927 Points 40 Featured Posts Outside Blog

Terry and Bonnie--Nice report for the Grand Rapids areas...You reports are always so well done.

8:22am • #3
278,642 Points 29 Featured Posts Localism Sponsor Outside Blog

Wow, your absorption rate is fantastic!  We are still 18+.  Do you feel your market is now stable and balanced?

9:14am • #4
391,477 Points 1 Featured Post Localism Sponsor Outside Blog

Teri, That's what the public want so that's what we try to give. Thanks for the comment.

10:21pm • #5
391,477 Points 1 Featured Post Localism Sponsor Outside Blog

Diane, Some parts of our market are stabilizing but for the most part the buyers still control the transaction.

10:22pm • #6

This blog does not allow anonymous comments

 
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Terry Bonnie 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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