Wyoming, MI

It is no secret email has cut into the mail...or in another word...snail mail! As the Internet grows so does the use of email. Nearly any company of any size now uses email to communicate amongst it's employees and with clients. When you consider email can arrive in minutes versus days it seems pointless except for critical documents to be mailed. Even then the Electronic Communications Act has impacted important documents.

Real Estate has gone nearly all email except where the rare client does not have email...then snail mail is still used.

USPS the Postal Service hit a new milestone...7 billion dollar budget shortfall for this fiscal year. We have three branches slated to close in the Metropolitan area, two in Wyoming Michigan and one in Kentwood.

Right now the Post Office has some 3200 stations and branches across the United States. Approximately 1000 will be considered as possible closing options to reduce costs.

USPS is also considering not delivering mail on Saturday as another cost cutting measure. Many of the antiquated methods being utilized by USPS are no longer viable in today's world.

Just like we see laws in the judicial system that should have been purged years ago the Postal Service has remained an elephant when it should have been training to be a gazelle.

Our tax dollars at work and now many more could be out of work for the lack of forward thinking. The old saying "If it ain't broke don't fix it" may need updating too. "If it ain't broke adjust to conditions before it is Broke!"

We have chaos in the our governmental budgets. We have lack of leadership in each category of the house and senate, it is no wonder were are in the recession of a lifetime. The cost is going to be more than any of us can imagine. All we can do is collectively vote for change and the major spending is no lose change issue.

Hope this gave you a heads up on the USPS budgetary issues.

Live in the Grand Rapids or West Michigan area, not under contract? Like to sell or buy a home....give me a call. It could save you thousands in your next real estate transaction. FlexIt Realty designs selling and buying programs to meet our clients' needs. Always confidential, Never Pressured.

"Help is only a Call or Click away!"©2006-2009

Call Toll Free: 877-667-4699 Local: 616-784-2360 Email: garywhite@FlexItRealty.com

Yes, that is exactly what I said to my newest sellers last night. Their home

just went on the market yesterday. A buyer just waiting for this type of listing

found it within hours of putting the sign in the yard and going live on our MLS.

They called me to get details while we were on our way to take pictures and

get measurements to enhance our listing on our web site and the Multiple

Listing Service. Then they called their agent and he scheduled a showing

for 6 pm.

I received another sign call to show the property last night on my way over to

my clients to present the offer the first buyer wrote.

I haven't seen this pace of activity on a listing in quite some time here in the

Grand Rapids market.

So my new listing is pending after being on the market less than a day.

This is what can happen when homes are prepared for sale correctly and

priced correctly.

Congratulations to my now homeless sellers, time to find them a

new place to live.

If you would like information about Wyoming or Grand Rapids

Area Homes, please contact me through email or my web site.

Westbrook Realty ~ Grand Rapids Michigan

Copyright 2009 All rights reserved

Current Wyoming Michigan Real Estate Market

The Absorption Rate for Wyoming MI Homes is 7 months, which means

that if no new homes enter the market, it will take 7 months to deplete the

existing inventory at the current rate of sales.

There are currently 138 Active Listings in Wyoming, Michigan.

Since Oct 1, 2008, there have been 117 SOLD and Pending

Wyoming MI Homes.

The high SOLD Price is $ 175,000 the low sold price is $ 50,000.

The average Sold Price is $ 87,828

Average Sold Price /Sq Ft is $75.95

The average List Price is $ 100,996

Average List Price/Sq Ft $ 92.99

Market Analysis: Wyoming homes continue to sell and the absorption rate is

fairly low for the Grand Rapids Area.

The bad news is that home prices continue to decline, going down another 10%

on average since December 2008. Inventory is going down and this might drive

prices up again. If you are considering buying a Wyoming home, now is the

time. I believe we have hit bottom on the market this winter and spring and

summer will see decreased inventory and less selection.

This usually brings prices up.

If you have questions about your Wyoming MI or Grand Rapids

home, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Homes are selling! See the statistics below for homes sold and closed between 1-1-09 through 2-11-09.

Broken down by school districts:

Wyoming~Priced from 24,500-175,000 (28) total sales year to date

Kentwood~ Priced from 15,000-171,000 (35) total sales year to date

Grand Rapids~Priced from 4,000-375,000 (146) total sales year to date

Byron Center~Priced from 25,000-312,000 (8) total sales year to date

Call or email me anytime to see how you can get your very own SOLD sign!

Mary Kent

616-915-3987

http://www.kentcountyhome.com

This Wyoming Michigan Single Family Market Report was generated on February 3rd, 2009 (See Graph Above)

• Active Listings on Feb 3rd, 2009: 611
• Pending Sales on Feb 3rd, 2009: 122
• Closed Sales during January 2009: 41
• Listing Inventory: 14.9 Months
• Listing Price Breakdown
  
  • Low List Price: $4000
  • High List Price: $439,900
  • Average List Price: $100,466

"Short Sales" and Foreclosures are a Large Part of the Wyoming Michigan Market (See Graphs Below)

• "Short Sales" account for 24.7% of Active Listings while Foreclosures account for 19.8% of Active Listings
• "Short Sales" account for 10.7& of Pending Sales while Foreclosures account for 72.1% of Pending Sales
• "Short Sales" account for 7.3% of Closed Sales during January 2009, while Foreclosures account for 78% of Closed Sales in January 2009.

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.