The latest Grand Rapids Downtown Condos Market Report from July 2016 is out and as usual, downtown has been very active. We Continue to experience a high Sales to Listing price ratio of 98.2%, which is slightly down from June’s 98.4%. That means that Grand Rapids Downtown condos on average are selling close to full price. The median price of active condo listings is $248,700 with the median price of sold condos is $187,500.
There are currently 46 active listings (10 new listings in July) with 18 condos selling. There are approximately 1100 condos that could be considered “downtown”, so that is remarkable.
The average days on the market for July is 63 days, which is up from 37 days on the market in June.
What is Your Home Worth?
We have qualified buyers actively looking for condos in downtown Grand Rapids! Do you have a condo to sell? If you do, click on the image above and get an instant estimate of your home’s value (no charge).
We can provide a comprehensive 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 or 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.