Grand Rapids Michigan November 2011 Sales Stats

By
Real Estate Agent with Westbrook Realty Broker-Owner

Grand Rapids Michigan November 2011 Sales Stats

The November home sales statistics are in and the news looks good.

Sales are up in November across the board in all price ranges.

The price range that has seen the most activity is $100,00 – $ 139,999;

almost 1 in 5 homes sold in November 2011 were in this price category,

with overall highs ranging over $1 million and lows under $ 19,000.

 

Grand rapids home thumb Grand Rapids Michigan November 2011 Sales Stats

The Grand Rapids housing market has 24.6% fewer listings year-to-date

than last year.  This means shrinking inventory for buyers and good news for

sellers. 

 

The Average Home Sales Price is up from 2010 by about 3%; from $ 118,217

to $121,920.  In our opinion, this increase is caused by the REO’s and foreclosure

sales numbers are down and more banks are embracing short sales.

 

Please note these prices are averages for the whole Grand Rapids market.

If you would like to know what prices are in your neighborhood, give Terry a call.

 

SEARCH GRAND RAPIDS HOMES

Posted by

_____________________________________________

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.  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

OUR FLICKR PHOTOSTREAM

________________________________________________________

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Michigan Kent County Grand Rapids
Groups:
Dedicated Bloggers
City and State
Kent County MI Real Estate
West Michigan Real Estate
Market Reports
Tags:
grand rapids mi homes for sale
grand rapids mi real estate for sale
grand rapids mi home sales

Spam prevention
Show All Comments
Rainer
23,418
go to RealEstateFaster.com & get 20 Listing Appointments per month
Real Estate Faster - Los Angeles, CA

That is great news for sellers, hopefully the trend continues! Happy holidays!

Dec 22, 2011 06:24 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
575,603

Terry & Bonnie Westbrook

Westbrook Realty - Grand Rapids Forest Hills MI Re
Ask me a question
*
*
*
*
Spam prevention

Additional Information