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Grandville MI...Recent Real Estate Market Activity Within the School District

By
Real Estate Sales Representative with Grand Rapids MI Coldwell Banker AJS-Schmidt

The Grandville Public School district is located in Southwest Kent County and overlays the communities of Grandville along with parts of Wyoming, Georgetown Township, Jamestown Township and Walker.  With a student population of 5992 students K-12 the district has 8 elementary buildings, a middle school, high school and alternative high school.

A review of the real estate market activity in the school district over the last 3 months reveals the following:

Price Range Ave. List $ Ave. Sale $ Ave.$/Sq.Ft Ave.$/Sq.Ft.Sold Days on Mkt List/Sale Ratio # Units
Current Inventory            
$50-100,000 $87,636   $85.91   115   23
$100-150,000 $128,145   $104   132   70
$151-250,000 $189,787   $126   163   76
$251-400,000 $330,268   $143   110   28
$400,000 + $550,300   $168   148   8
               
Pending Sales              
$50-100,000 $79,636   $73   115   9
$101-150,000 $128,263   $101   107   19
$151-250,000 $189,787   $126   139   7
$251-400,000 $279,433   $102   142   3
$401,000+ $936,500   $131   61   2
               
Closed Sales              
$50-100,000 $84,289 $79,636   $73 64 95.00% 9
$101-150,000 $129,033 $127,156   $100 85 98.70% 9
$151-250,000 $196,435 $187,363   $100 105 95.80% 11
$251-400,000 $314,900 $293,500   $158 80 93.70% 2
$400,000+ $449,900 $416,000   $117 110 92.50% 1

Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

As soon as we get rid of the snow the buyers will be out to get the stimulus credit.

Feb 23, 2009 01:25 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with Terry, Buyers will come out when the weather improves. Good report for consumers.

Feb 23, 2009 09:16 PM