Wyoming, MI

Current Wyoming Michigan Real Estate Market

The Absorption Rate for Wyoming MI Homes is

7.3 months supply, which means that if no new

homes enter the market, it will take 7.3 months

to deplete the existing inventory of homes.

There are currently 161 Active Listings in

Wyoming.

Since July 1, 2008, there have been 133 SOLD

and Pending Wyoming MI Homes.

The high SOLD Price is $ 236,835, the low sold price is $ 53,000.

The average Sold Price is $ 96,754.

Taverage List Price is $ 100,627.

If you have questions about your Wyoming MI or Grand Rapids home,

please contact me directly.

We can include Wyoming MI neighborhood information in our next blog, if you have

an event you would like to advertise, please email us the details.

Grand Rapids Ada Real Estate Five Star Real Estate

Copyright 2008 All rights reserved

Wyoming Michigan is a large suburban community of Grand Rapids, MI.

Wyoming MI homes are moderately priced, which should make it an active

market in this economy.

Obviously the lower price levels have affected the average

(low price $54,200 vs high price of $236,835)

I assume some of the lowest price levels are bank owned foreclosures

negatively affecting the market price.

As you can see by the graph pictured below, Wyoming homes listed at a

high price are not selling until the price gets close to the average or below.

188 Wyoming MI Homes Actively on the Market October 2008

36 Wyoming MI Pending Sales for January to November

61 Wyoming Sold Homes for January to November

In Wyoming, MI there is a lot of sold activity in the lower price brackets,

$ 50,000 to $ 85,000. There are some great bargains here for

savvy home buyers. The lowest average sold prices has risen about

$15,000 since August. At the top end, it looks like the higher prices have

started moving towards the middle, they have lost about $13,000 in

average sold prices.

Wyoming MI Market Report August 2008

Wyoming MI Market Report Sept 2008

If you have any questions about Wyoming or Grand Rapids Homes,

contact me directly at: 1-888-240-1968 ext 0

Grand Rapids Ada Real Estate Five Star Real Estate

Copyright 2008 All rights reserved

All information is subject to verification and no liability for error or omission is assumed.

Let me see if I can put some perspective on the situation.

Millions of folks are out of work, gas prices have double since last year, home values are falling and we (congress) is wondering on what to do?

Hell, I could talk to anyone on the street and they would have a more fiscal answer than what we hear at these staged news updates by our congressional leadership!

Think of it another way...we have a Republican Lame Duck for President, lame more ways than one! We have a Democratic controlled congress who is in the drivers seat playing politics with the future of America and we are supposed to think it is OK.

I think my new title is "Are YOU Smarter Than A Fifth Grader"! We know congress isn't. Congress waits long enough and money will have no value at all!

I am not one to rush to judgment but has this issue of the economy and foreclosures been going on awhile?

Was the public the only one that could see we are in trouble?

OK, they (congress) recognized a problem....let's talk about it. Have you ever heard the old cliche' "Roman is burning and you want to TALK"?

I loved the comment this morning by Nancy Polloser (POL Loser). Wall Street...."The Party is Over"! (I know I spelled her name wrong, it was on purpose. She should be voted out...hope her constituents are watching.)

OK, again who is going to be the losers here with that statement? Not Nancy. It is going to be Americans 401K's, peoples retirement accounts, college funds not Wall Street. Couldn't she have said...."we are still hopeful we can get an agreement...we have more work to do"?

NO, she couldn't say that, you know why? It wouldn't be controlling and powerful to make her important. Little does she know becoming important at the expense of other people will be remembered by the American people a lot longer when it is time to vote!

It is time to vote for people that will make a difference. It does not have to be party politics...it has to be America First Politics and that hasn't been done in a long time, maybe ever in my lifetime!

We don't want another bailout that is going to be frougt with corruption or pork barrel spending and ear-marks for special interest groups. We all must agree something has to be done.

The how and now are the issues. Look we can make adjustments on the way to clean up any overlooked option which there always are oversights.

Send your congressman and House of representative an email. Let them know is isn't Politics as usual...it is "America First Politics"!

If you don't know who your congressman or House representative is..Google them and get their email.

I wished I had a million people read this blog and send emails. It's time for action, leadership and resolve.

What do your think?

This Wyoming Michigan Single Family Market Report was generated on April 8th, 2008. (Graph Above)

• Active Listings on April 8th, 2008: 703
• Pending Listings on April 8th, 2008: 91
  
• Listings Closed between 3/1/2008 and 3/31/2008: 55
• Listing Inventory: 12.8 Months
• Listing Price Breakdown:
  • Low List Price:$ 29,900
  • High List Price: $ 599,000
  • Average List Price: $ 121,456
    

Foreclosures are a large share of the Wyoming Michigan Single Family Housing Market (See Graphs Below)

• Foreclosed Homes account for 11.8% of Active Listings
• Foreclosed Homes account for 63.7% of Pending Listings
• Foreclosed Homes account for 52.7% of the Listings Sold in March of 2008.

This Information is Provided By the Grand Rapids Association of Realtors and Daniel Sundberg of Crystal Springs Real Estate
All Information is deemed reliable but is not guaranteed.