Grand Rapids Downtown Condo Sales
Grand Rapids downtown condos are in demand and are selling fast. Sometimes they sell even before officially being listed on the MLS (Multiple Listing Service). The downtown condo market has experienced quite a resurgence over the last eighteen months. With approximately 1100 or so condos that can be considered “downtown”, a quick condo search shows us that as of this writing, we have 50 downtown Grand Rapids condos for sale with prices varying from $68,000 for a 1 Bedroom unit at 505 Cherry St SE (Hillmount Condos), to a spectacular Grand Rapids Penthouse Condo selling for $4,200,000 at 335 Bridge St NW #3100, (River House Condos).
Not only are downtown condos selling quickly but many developments have seen prices increase dramatically. River House Condos are definitely one of those, whose owners have enjoyed benefiting from the strong seller’s market.
Since the beginning of 2014, there have been 89 downtown condos sold from $73,000 to $520,000. This report shows the condo sales from January 1st with prices ranging from ~$200,00 and up. Average time on the market is 65 days with the sales price 96.75% of the listing price.
If you are in the market to purchase a downtown condo, feel free to give me a call or text at 616-570-1871. I will create a personal profile for you and you will be notified immediately whenever there is a new listing or one comes back on the market and of any price changes. This will help you to be first in line to take a look at them.
If you are thinking of selling your downtown condo, the market is very strong and inventory is low. Bottom-line… It is a great time to put your condo on the market. Our team can help you with setting the price, learning what closing costs are involved, marketing and every aspect of the transaction up to the date of close.
Search for Downtown Condos
Use this quick and easy tool to find your condo. If you have something specific in mind, let me know and I will get you the information or set up a showing for you right away.
Grand Rapids Downtown Condos