Posts

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

rapidian

 

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

/by

Home of the Year 2015 Goes to Founders Brewing Owner

For decades, Cosmopolitan Home Magazine has been covering prestigious homes. Trust me, I worked there for 6 years, this place is no joke. “Home of the Year” award is an honor that recognizes the best of the best in West Michigan from those who know.

Congrats to Mike Stevens, one of two partners who started Founders Brewing Company, and now proud owner of the Home of the Year! Mike and his partners fought their way from obscurity and near-extinction, through redefinition of the craft beer industry, to domination in today’s market. What a great story, and a deserving recipient.

stevens

/by

Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half

 

 

 

 

 

 

 

 

 

 

 

 

Link to National Association of Realtors Press Release Here.

According to the NAR, “Pending Sales” of residential property have rose in the midwest by 3.3% in the past month, and are 9.5% higher than one year ago at this time.

According to a separate study entitled “Existing Home Sales Continue to Climb in November,” it has been found that “Sales reached the highest mark in 10 months and are 34 percent above the cyclical low point in mid-2010 – a genuine sustained sales recovery appears to be developing.”

Studies by Laurence Yun, Chief Economist of the NAR.

 

/by

Fox 17 Adopts My Real Estate Sign as Stock Footage

/by