Wyoming Michigan is a large suburban community of Grand Rapids, MI.
Wyoming MI homes are moderately priced, which should make it an active
market in this economy.
Obviously the lower price levels have affected the average
(low price $54,200 vs high price of $236,835)
I assume some of the lowest price levels are bank owned foreclosures
negatively affecting the market price.
As you can see by the graph pictured below, Wyoming homes listed at a
high price are not selling until the price gets close to the average or below.
188 Wyoming MI Homes Actively on the Market October 2008
36 Wyoming MI Pending Sales for January to November
61 Wyoming Sold Homes for January to November
In Wyoming, MI there is a lot of sold activity in the lower price brackets,
$ 50,000 to $ 85,000. There are some great bargains here for
savvy home buyers. The lowest average sold prices has risen about
$15,000 since August. At the top end, it looks like the higher prices have
started moving towards the middle, they have lost about $13,000 in
average sold prices.
Wyoming MI Market Report August 2008
Wyoming MI Market Report Sept 2008
If you have any questions about Wyoming or Grand Rapids Homes,
contact me directly at: 1-888-240-1968 ext 0
Grand Rapids Ada Real Estate Westbrook Realty
Copyright 2008 All rights reserved
All information is subject to verification and no liability for error or omission is assumed.
_____________________________________________________________________________________________________
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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
;)
;)
So, Terry, if you're looking at your market absorption, it looks as though you have a little over a 3-month supply of homes for sale in Wyoming, MI? That's pheonominal in today's market!