Rockford Michigan Real Estate Market Report Jan-June 2011
Rockford is a northern suburb of Grand Rapids, about 15-20 minutes
by freeway from the center of the city. It is a small town on the Rogue
River with an excellent public school system and diverse businesses and
resources. It is a popular Grand Rapids suburban area that many like
to call home.
351 Active Rockford MI Listings
Pending Home Sales: 91
Sold Rockford Homes: 208
Average sold price $ 188.014
Sale Price to List Price – 96.%
Absorption Rate : 7 months
Housing sales in Courtland Township, Algoma Township and City
of Rockford are included in this report. Rockford’s housing market which
ranges $60,000 at the low end to over a $1 million at the high end.
The average sold home has increased in value from 2010 figures and
sold activity in Rockford seems to be up. So far, so good.
The real story of this year’s real estate story is held by the banks.
The bank owned inventory is very high and hasn’t been coming on the
market at the rate it has in the last few years. This has allowed the
housing market a brief reprieve this year and seen home prices increase
slightly because of a lack of distressed home inventory.
If you have any questions about Rockford or Grand Rapids
MI homes, please contact me directly: 1-616-292-7263 or
email: terry@terrywestbrook.com
More Rockford Articles:
SEARCH FOR ROCKFORD MICHIGAN HOMES
SEARCH for Rockford MI Bank Owned –Short Sale Homes
Rockford Michigan Real Estate Market Reports
Copyright 2011 All rights reserved
Photo of Lake Bella Vista sunset by Bonnie Westbrook
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