Forest Hills Condos Market Report August 2016
Welcome to the Forest Hills Condos Market Report. Here you will find the current market information for August 2016, as reported by the Grand Rapids Board of Realtors. If you would like to have these market reports sent to your inbox for a specific area of town, simply drop me an email with your area(s) of interest and I will set you up. We cover the entire Southwest Michigan area including the Lakeshore.
In this latest market report from August 2016, we are continuing to experience a very active market. Sales to Listing price ratio is very high with a 101.6%, which is UP from July’s 98.2%. This indicates that Forest Hills condos are very much in demand and selling over full price. The median price of active listings in August was $249,900 while the median price of sold property was $241,873.
Median SOLD price is down from June and July but higher than May.
There are currently 22 active condo listings (9 new listings in August) with 10 properties selling.
The average days on the market for August is 41 days, which is slightly down from 44 days on the market in July.
If you are looking for a home or condo, let us help you get notified right away of any new listings with our Listing Alert System.
What is Your Home Worth?
We have qualified buyers actively looking for real estate in Grand Rapids! Do you have a home or condo to sell? If you do, please click on the image above and get an instant estimate of your home’s value (no charge).
We can also provide a detailed Price Trend Analysis complete with your closing cost estimate if you prefer. Please contact us at your earliest convenience.
Sign up for Listing Alerts!
You can use this website to sign up for listing alerts and have new listings sent directly to your inbox for every condo development, gated community and waterfront home in the area. Or create your own unique listing alert for your specific needs. The emails go out daily and you have a much greater chance of seeing that home you have been looking for and avoiding learning about it a day late.
