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
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
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
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
https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png00petedroverhttps://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.pngpetedrover2015-12-14 10:00:482018-03-09 12:14:08West Side Home Prices: Blowing Up, or Recovering?
In the spirit of Awards Week, in which we have last night’s Grammys as well as the Jammies hosted by WYCE in Grand Rapids this Friday, Trulia decided to recognize me with a badge that places me, Pete Bruinsma, among the top 1% of Realtors.
In the Realty business, we take what we can get–certificates, designations, badges, plaques, trophies, star ratings, reviews, Christmas cards–So in the spirit of Awards Week, I humbly submit my award to you all, and send my congratulations to all other award winners.
According to GRAR stats, the 7% rise in average home sale price in 2014 brought us right back up to the average sale price we were experiencing before 2007. Congrats Grand Rapids, Michigan we made it through to the other side!
https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png00petedroverhttps://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.pngpetedrover2015-01-27 10:31:472018-03-09 11:58:032014 Residential Avg Sale Price finishes at 2006 level in Grand Rapids Michigan
Realtor/Broker, Grand River Realty | Owner/Broker, Life Cycle Property Management
Pete is a licensed Michigan broker with over 15 yrs experience, focusing on representing buyers and sellers the Grand Rapids area. He lives in Heritage Hill, loves local music, cuisine and entertainment, and has renovated many homes. He is a strong but equitable negotiator, and can offer advice on a wide variety of topics. Expertise is balanced evenly between listing and purchasing.
Certifications and Designations
Licensed Michigan Real Estate Broker and Saleperson
Member NAR, MAR, GRAR
C2EX (NAR Commitment to Excellence)
Graduate, Realtor Institute (GRI I,II,III)
Master of Brokerage Principles
Grand Rapids Association of Realtors Leadership Academy
At Home with Diversity
Certified Tourism Ambassador (In process)
E-Pro (Internet Professional)
Accredited Buyers Representative
Recognition Revue Magazine – Top 3 “Best Realtor” 2019
Revue Magazine – Top 3 “Best Realtor” 2018
Grand Rapids Real Producers – Top 300 Agent
Zillow 5 Star Agent
Trulia Top Agents
Westdale Company “Rookie of the Year” 2004
Community
Grand Rapids City Commissioner (Historic Preservation) 2019-2022
Music Director of Community Radio Station, 88.1FM WYCE 12 Years
Volunteer Programmer at Community Media Center 1995-Present
City of Grand Rapids | Downtown Management Board Marketing Committee, Former Member
Big Brothers Sisters of Grand Rapids | Former Big Brother
Employment and Business History
Grand River Realty | Broker/Owner 2017-Present
Life Cycle Property Management | Broker/Owner 2001-Present
Real Estate Certified Investor
Westdale, Coldwell Banker, Grand Rapids Realty | Licensed Real Estate Salesperson 2004-Present
Cosmopolitan Home Magazine | Sales 1997-2003
Alt & Witzig Engineering | Senior Engineering Technician 1992-1996