Kentwood MI Absorption Report ~ Jan 2009
By Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re
(Westbrook Realty Broker-Owner)
Kentwood Michigan is a large suburb of Grand Rapids with a population under 50,000. It has manufacturing, shopping centers, and lots and lots of residential housing. Kentwood Public Schools are one of the largest school systems in the area with over 9000 students and 16 buildings within a 24.25 square mile area. The downward trend of the last few years in Kentwood home sales is still continuing this year. We are seeing a slight price erosion from last month's figures. The upper end homes in Kentwood aren't seeing the kind of activity that the lower end homes are getting. They are priced too high for today's timid buyers or it could be condition. Your list price has to be close to the sale price or your home just doesn't get serious buyer activity. And if you still have the brown...
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