Grand Rapids Michigan Among Fastest-Growing Metros in the US

As seen on RightPlace.org:

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Grand Rapids, Michigan has a rapidly growing Gross Regional Product (GRP). In fact, it’s one of the fastest growing in the country according to recently released data from the Bureau of Economic Analysis and Headlight Data.

Grand Rapids GRP is growing much faster than the national average. Over the past five years, its GRP grew at a rate of 30.9%, compared to the national average of 20.5%. This lands the Grand Rapids metro in the top 10 of all large metros in the nation, and makes it one of only two Midwest cities in the top 10. This ranking also puts the region’s growth rate in the company of cities like San Jose, CA and Austin, TX…

MORE at RightPlace.org

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Check out this Grand Rapids Murals Wiki page!

Here’s a link to an editable wiki page that tracks local murals:

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“Weird Mural”

Grand Rapids murals wiki

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Before and After, Midtown Apartment Rehab Project

Rental listings like this are available at www.LifeCyclePM.com or here: listings for lease

Life Cycle Property Management provides investment consulting and cash flow analysis services through Pete at Grand Rapids Realty, and full service project management through Kory at Emerald Advantage. We keep our managed properties healthy, clean and aesthetically pleasing for landlords, tenants and the community around them.

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GR Forward Together

This new video features some familiar faces and places in Grand Rapids, produced by Artpeers, backed by the band Vox Vidorra.

“The new ‘GR Forward Together’ video is to remind us that it takes all of us to make Grand Rapids an equal and inclusive city…We live in a vibrant community; we need to make sure we focus on the positive aspects of our lifestyle. Is this the happy ending? Of course not. This is just the beginning of a larger, exciting and community-driven project that will benefit residents, businesses, and the youth on a long-term impact which will also need continuous improvement. The GR Forward Together video is to remind us that it takes all of us to make Grand Rapids an equal and inclusive city. Who wants to be part of it? You should!” – the Rapidian

Click here for full article here on The Rapidian.org

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Freshly Squeezed

Thanks to Freshly Squeezed Print Shop for the fruits of this great collaboration.

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Grand Rapids MI: #1 City in the US to Buy Real Estate in 2016

Forbes Magazine has been keeping the Grand Rapids, MI graphic in their “Frequently Used” cache over the past few years. The latest list may be the best one yet.

If you’d like to invest in Grand Rapids Michigan, please contact me. I can offer guidance on purchases, and Life Cycle Property Management can manage the property in a sustainable and affordable way that also contributes to the wellness of our beloved town.

Click the graphic to read the full story:

Grand Rapids: "Best City to Invest in Housing in 2016"

Grand Rapids: “Best City to Invest in Housing in 2016”

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The 10 Least Expensive Homes Sold in 2015 in Kent County

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In response to Mlive’s Ten Most Expensive Homes in 2015 Sold in Kent County, which was called “Disgusting Wealth Porn” among other things in the comments section, we’ve come to the table with a list of the Ten Least Expensive Homes Sold in Kent County last year. Consider this the fair and balanced sequel for the rest of us.

(1) $7,000 – 1510 Houseman Avenue NE
This 3 Bedroom 1504 square foot home features a rare layout that actually sits inside a 1 Bedroom 545 square foot home. Unsurprisingly sold in less than 1 day on the market.

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Full Article Here

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Grand Rapids: Trulia’s Top Market to Watch in 2016

Grand Rapids, MI topped the December 2015 list from Ralph McLaughlin of Trulia.com (owned by Zillow). On December 9, 2015, Trulia released the list of “10 Hot Real Estate Markets to Watch in 2016.”

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According to the study, “Each city was examined for affordability and strong job growth, plus other factors including vacancy rates, to determine which areas are contenders for growth in the year ahead.”

Full Article Here at Trulia.com, which includes the full list of top 10 markets.

 

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West Side Home Prices: Blowing Up, or Recovering?

Here’s an opinion piece I wrote that was published in the rapidian, in response to the article Just Out of Reach: Housing Prices Climb on Grand Rapids’ West Side

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FULL ARTICLE HERE

Excerpts:

Everyone agrees, 2015 was a crazy year for Real Estate in West Michigan. Why, to what extent, and how that affects our market are questions that are less processed and understood. Here, I’ll share some analysis and interpretation, to add perspective and to assist with drawing some conclusions. I’ll start broad and finish by examining the elusive “West Side” of Grand Rapids.

2006 Sales

2006 Sales

2006
Number of Sales: 83
Average Time on Market: 72 days
Average Sale Price: $92,468
Median Sale Price: $92,900
Low/High: $35,000 – $155,000

2014 Sales

2014 Sales

2014
Number of Sales: 83
Average Time on Market: 35 days
Average Sale Price: $80,876
Median Sale Price: $81,000
Low/High: $13,500 – $233,600

2015 Sales

2015 Sales

2015
Number of Sales: 82 (As of 12/14/15)
Average Time on Market: 36 days
Average Sale Price: $91,873
Median Sale Price: $84,950
Low/High: $19,000 – $325,000

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