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 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 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 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?
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