Seller's Market Continues in Grand Rapids Area

A new Sable home. (June 2016)
A new Sable home. (June 2016)

The latest monthly real estate market report is in and there’s good news if you’re a Grand Rapids area homeowner looking to sell and build new.

According to the Grand Rapids Association of Realtors, the average sales price of a home in the area has increased by 7.5 percent since last year and is now at $184,023 year to date.

Closed transactions are up 4.2 percent, but the number of new listings is down, likely a result of the lack of available properties for sale. This means it continues to be a seller’s market in West Michigan.

If you’re looking to build a new home, Sable Homes is building 11 neighborhoods in Kent, Allegan, and Barry counties in the following school districts: Rockford, Sparta, Cedar Springs, Kent City, Caledonia, Thornapple-Kellogg and Wayland.

Earlier this spring, Sable Homes announced it will build an additional 44 new homes in Sparta after completing construction of 20 homes in Sparta’s Central Square Village. That development was the first large-scale new home project in the village in nearly a decade.

Check out our available properties here:

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