Caledonia Michigan Real Estate Market Report ~ August 2009

Current Caledonia MI Absorption Report

Absorption rate for Caledonia MI Market is currently 6.6 months,

which means if no other homes come on the market, it will take

6.6 months for the current inventory to sell at the current

sales rate. This stat is less than last month's figure, we are seeing

a definite upturn in sales in Caledonia homes and sell times are

returning to the normal range.

Current active listings - 158

Low $39,000 High $1,284,900

Average List Price - $304,490

Average sold price - $216,058

Pending Home Sales - 24

Sold Homes - 71

Average sold price/Square foot is $ 108.68

Sold High $875,000 Sold Low - $37,000

These stats are from May 1, 2009

There are 5 homes in million dollar + range listed, so this skews the

figures somewhat in the upper brackets.

The Caledonia market is selling well as buyers try to get

situated in their new homes before school starts. Newer and higher

end homes are selling, only 2 homes pending under $100,000. The majority

of pending sales are $100,000 to $200,000 price range.

Average sold price and sold price/square foot rose again this month,

though average listed price fell by about $20K.

There are some excellent buys in Caledonia but they are

disappearing fast. Don't wait until they are gone.

Caledonia MI Real Estate Reports 2009

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly.

Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook