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Dana Iler - Keller Williams of Grand Rapids

Michigan Foreclosure Trends & Sales Statistics for 2007

Michigan Trends DEC '07Total 2007
New Foreclosure Fillings 15,996166,834
Foreclosure Sales 2619,211
Avg Sales Price $92,670$92,578
Total Savings 38% 36%
Fair
0% - 10%
Good
11% - 30%
Excellent
31% +
JAN.+/-DEC.
Number Of Sales 321312
Median Assessed Value $ 69,205$ 64,898
Median Sales Price $ 145,216$ 146,260
Median Square Feet 2,2251,703
Median Loan Amount $ 119,065$ 119,065
LOAN TYPE TODAY +/- LAST WEEK
1 Yr ARM, nat'l avg4.98%5.27%
5/1 Yr ARM, nat'l avg5.37%5.49%
15 Yr FRM, nat'l avg5.64%5.32%
30 Yr FRM, nat'l avg6.04%5.78%
www.DanaSellsGR.com

Spring Market in Grand Rapids, MI

It may only be February 25th but the Spring market is going in full-throttle!

With increased traffic to open houses, despite the winter weather conditions, buyers are making their presence known. I am very encouraged with such an immediate bounce back from the holiday season. Interest rates are still in our client's best interest, that I'm implementing additional strategies to attract buyers and current renters. What are you doing differently as the season changes?

Please share your experiences thus far in your view of the Spring 2008 market.

-Dana Iler, Realtor

Keller Williams Realty of Grand Rapids

616.745.4233

Alger Heights $124,900 - Excellent Value. Short Sale.

$124,900. 630 Broadview SE.

Alger heights classic, offering three bedrooms and all newer appliances to new owner. Wood floors throughout and newer windows make this home move-in ready. Ample closet space in bedrooms, kitchen, and lots of basement storage. Quiet street with fully fenced back yard makes a darling home perfect for a first time buyer. Your utility bills will be low with newer central air, furnace, and windows. See this beauty today and enjoy your new home this Spring. Bank is cooperative, and ready to evaluate offers.

Call Dana Iler w/ Keller Williams Realty of Grand Rapids to schedule your private showing today.

Direct: 616-745-4233 or www.DanaSellsGR.com

Like-new Condo in Wyoming, MI (SW Grand Rapids

$129,900. 1163 Angels Trace SW

Enjoy maintenance free living in Palmer Hills. Built in 2004, This condo offers a spacious open floor plan with beautiful oak cabinetry. With vaulted ceilings, newly finished basement, ample storage - this home is move-in ready. Pottery Barn colors and decor make this condo feel like you are already home! Conveniently located near shopping, recreation, and highways. 12x12 private deck in back has been recently stained. Beautiful!

Schedule your private showing today with Agent, Dana Iler. Direct Line 616.745.4233

Keller Williams Realty of Grand Rapids

Grand Rapids Premiere Real Estate Broker

http://www.danasellsgr.com/

Visit Ada Blog: Ada Living & Real Estate Information

Interested in moving to Grand Rapids?

Forest Hills in one of the most prestigious school systems in the Greater Grand Rapids area and I'd like to inform you about it!

Visit my new blog on Ada Living @ http://adaliving.wordpress.com

Dana Iler, Licensed Realtor

616.745.4233

Keller Williams Realty, 630 Kenmoor SE, Suite 101, Grand Rapids, MI 49546

Alger Heights Living - Types of Homes

Looking for a Home in Alger Heights (SE Grand Rapids)- I'd love to help you decide what style is best for you. Most Alger Heights Homes were built in the 1940's. Filled with lots of charm, there are many to choose from in today's market. Often these homes are equipped with beautiful wood floors, charming fireplaces, curved architecture, laundry shoots, and unique nooks & crannies. Asking prices range from $109,000 - $139,000. An average sale price of $115,000 - you can't go wrong :-)

But, as you're house hunting - You're wondering, "What style is best for you and your family?" I'll break down the five most common Alger Heights Home. Contact me for a list of currently listed properties in your favorite style!

Bungalow: This 1.5 story home, most often is 2 bedrooms with only one bath. The upstairs dormers are usually finished into large Master-Bedrooms. Average square footage is 1,000 - 1,300 square feet.

Cape Cod: The cape cod has two charming dormers upstairs, usually signifying the bedrooms. It isn't uncommon for the cape cod to have 1.5 bathrooms. Staircases often are in the middle of the home. Average Square footage 1,200 - 1,500 square feet.

Salt Box: The salt box, or Alger Heights 2 story is sometimes considered to have the least curb appeal. However, these larger homes generally have very open floor plans and condusive to roomates or a growing family. 3 nice sized bedrooms, and 1.5-2 baths are not uncommon. These usually have a large formal dining room, which adds a nice home feature. Square footage could range from 1,300 - 1,800.

Ranch: The Alger Heights Ranch often is Brick and resides near Mulford on the West side of Eastern but also exist randomly on other streets. Maintenance free exteriors make these very desirable properties. Usually the Alger Heights ranch was built in the late 1950's - early 1960's. Square footage is usually between 1,000-1,300.

Looking forward to helping you find your perfect Alger Heights Home!

-Dana Iler

616.745.4233

Keller Williams Realty

57 Things to Know about Greater Grand Rapids

Michigan has gotten lots of negativity due to the State's Recession... but there are some bright spots amongst the darkness. Visit Grand Rapids!

Besides being a family focused community, affordable Real Estate, a growing downtown, lots of culture ~ Grand Rapids is only an hour from the beautiful Lake Michigan Shoreline, wine tasting, hundreds of golf courses, and more!

If you or someone you know is thinking about moving to Grand Rapids, please visit the site below - you'll be glad you did.

http://www.rightplace.org/live/

-Dana Iler

616.745.4233

Keller Williams Realty of Grand Rapids

Michigan Foreclosure Update & Statistics

Foreclosure Update

The U.S. Foreclosure Market Report has released information regarding state ranking in Foreclosures. Michigan's current ranking is 4th, increasing two spots from a rank of 6th in December 2006. 1/102 households have been foreclosed on in the Great Lake State compared with #1 Nevada's 1/61 foreclosures to date in 2007.

Top 10 rankings by State for 2007 to date:

1. Nevada

2. Colorado

3. California

4. Michigan

5. Florida

6. Ohio

7. Georgia

8. Arizona

9. Connecticut

10. Indiana

To receive your list of foreclosed properties for investment or purchasing, contact Dana Iler @ danailer@grar.com

-Dana Iler, Realtor

Keller Williams Realty of Grand Rapids

www.DanaSellsGR.com

Grand Rapids Michigan - Housing Trends & Top Search Criteria

Interested in Housing Trends of Greater Grand Rapids?

The statistics below represent the Top Search Criteria of the Public courtesy of the Grand Rapids Association of Realtors.

Price 100,000 - 119,999
Architectural Type Ranch
Basement Type Walkout
Number of Bedrooms At Least 3
Number of Baths At Least 2
Garage Size At Least 2 Stalls
Square Feet 3,500 - 3,999
Zip Code 49506
County Kent
School District Forest Hills
Project Name EXCLUDE ALL CONDOS
Age 5 to 25 Years
Riparian Rights Lake Front/Private
Acreage 1 to 5
Lake Name Gun Lake
Air Conditioning Yes
Fireplace Yes

-Dana Iler, Realtor

Keller Williams Realty of Grand Rapids

www.DanaSellsGR.com

A Seller's Value as My Client

What is a seller's value as my client?...

Your home sale is very important as I'm sure you'd like to move on with your life. With my extensive marketing plan, you will receive the top customer service strategies used today. Keller Williams couldn't be a better choice for your broker, as we're networked and promote our properties nationally. With quick responsiveness to all inquiries and emphasis on client communication ~ you won't be wondering why I'm not calling like other agents. We will talk weekly and you will receive immediate feedback on all showings electronically. It's the little things that count with your home sale, and my strength is being committed to those details.

Get on with your life, and let me do the dirtywork :-) ~ it's my specialty!

Call Dana Iler w/ Keller Williams Realty Today

616.745.4233