Here is The Novosad Team's summer 2018 update for the Grand Rapids area real estate market:

  • Year-to-date, the average sales price for homes is up 7.9% to $222,120.
  • Closed sales are down -3.5% over the same time period last year.
  • The choke-hold on listing inventory continues -- only a 1.3 month supply overall -- but more homes available over the $500K mark.
  • Prices are up significantly in Caledonia, Forest Hills, Lowell, and Kenowa Hills.

Consider these average sales price numbers in suburban school districts as of June 30th:

  • Byron Center $296,740 +4.4%
  • Caledonia $303,388 +13.2%
  • East Grand Rapids $433,596 -0.02%
  • Forest Hills $413,918 +11.4%
  • Grandville $227,400 +5.5%
  • Hudsonville $274,945 +6.2%
  • Kenowa Hills $217,966 +16.6%
  • Lowell $255,858 +15.5%
  • Northview $228,894 +3.2%
  • Rockford $288,318 +3.1%

How has your home fared? Call us to book a pre-listing consultation. We'll show you how to take advantage of this strong seller's market!