Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

The downward trend of the last few years in Kentwood home sales

 is still continuing this year. We are still seeing a slight price erosion

from last month's figures, again this month. 

 The upper end homes in Kentwood aren't seeing the kind of activity

that the lower end homes are getting.  They may be priced too high

for today's timid buyers or it could be condition.  Your list price has to

be close to the sale price or your home just doesn't get serious

buyer activity.  And if you still have the green shag carpeting, you

will need to upgrade or lower your price if you want to see a sold sign.

In 2006, Kentwood has 495 home sales:avg sold price:$159,788. 

In 2007, Kentwood had 434 homes sales: avg sold price:$151,009.

In 2008, Kentwood had 722 home sales:avg sold price: $115,127.

Home sales for Kentwood - $70,000 to $149,999 price range:

128 sold since September  2008

Avg sold price $70K-150K  $112,777 

Home sales for Kentwood - $150,000 to $400,000 price range:

27 sold since September 2008

Avg sold price $151K-400K  $180,338

Kentwood Absorption Rate for this price range is 9.16 months,

at the current rate of sale (which means if no new listings come

 on the market, it will take 9.16 months to sell the listed homes).

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

 Photo of Kentwood High School by Bonnie Westbrook