East Grand Rapids is a community of homes priced from the low $100,000’s to over $2,000,000 with the majority of homes selling from $120K to $400K. Since this is such a large spread it is difficult to produce true averages beyond a neighborhood level, so take that in consideration with the following statistics. 2011 First Half EGR STATS: 146 Active Listings for sale 30 Pending Home Sales 80 Sold Homes $260,384 Average Sold Price 95.21% of Sale Price to List Price Absorption Rate: 7.9 months
Synopsis: East GR is seeing a slight rise in home prices over 2010 averages, though the Absorption rate is slightly higher. Demand for East GR homes is about the same as 2010 but indices are looking up, so far. If the bank owned homes are dumped back on the market, this would erode prices further. SEARCH FOR EAST GRAND RAPIDS HOMES SEARCH for EGR Bank Owned + Short Sale Homes
East Grand Rapids Real Estate Market Reports East Grand Rapids Michigan ~ America’s Hometown ______________________________________East Grand Rapids Michigan Real Estate Market Report Jan-June 2011
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