Well, it’s been a long time since we could say this, but the Grand Rapids real estate market is hot!!!

The listing inventory for single family homes and Condominiums  is the lowest for the Grand Rapids real estate board since 2006.  We have a total of 4024 properties for sale. that is down 8% from last year and 11% from 2010.

In East Grand Rapids real estate, there are 83 current active listings, both single family and Condominiums and that number is down from a high of 157 back in 2008.

In the Forest Hills school district, which is Grand Rapids Township, Ada Township and Cascade Township, there are currently 261 properties for sale, that is down from a high of over 372 back in 2008.

In the Rockford school district, there are 270 properties currently listed, that is down from over 390 back in 2008.

In the Caledonia school district, there are 156 properties currently listed, down from over 284 in 2008.

What this all means is this:  With less inventory on the Grand Rapids real estate market, and interest rates at all time record lows of between 3-4% for a 30 year fixed rate mortgage,  homes are selling and buyers are buying.  So, if you are thinking about jumping into the Grand Rapids real estate  market whether it is buying or selling or both, now is the time. Make sure you choose a Grand Rapids real estate agent that has knowledge of the market and has lived in the area for a good portion of his or her life, because knowledge of the area is as important as knowledge of the real estate market.  Prices are still very attractive, but starting to come up a few percentage points every month and locking into a mortgage at today’s rates is something that we may never see again in the next 50 years.

If you are looking to sell your home in the East Grand Rapids real estate market, now is the time!!! As of today, this is lowest lowest inventory of listed properties in East Grand rapids schools district since 2004, 70 listings.  The average amount of listed homes in the East Grand Rapids school district is usually 85-95 houses.  In the past 5-6 years, we have been as high as 132 homes listed at one point in 2008. What that means is with the lower inventory of homes for sale in East Grand Rapids school district, that will drive home prices up, as the choices are fewer for home buyers. With interest rates still at historic lows and spring time around the corner, if you are thinking about selling your home, what a time to put it on the Grand Rapids real estate market.  Contact The Sprich Group….www.homes4saleingr.com

Grand Rapids real estate listing in Forest Hills schools!!! This wonderful 4 bedroom, 2 bath ranch home at 3737 Windshire is in wonderful condition and ready for you!!! This is conveniently located at the end of a cul-de-sac, just minutes from shopping, East Grand Rapids, the airport, expressways and schools. This open floor planned ranch is perfect for entertaining and has 3 bedrooms on the main floor with the master suite having a shower and garden tub. The 3rd bedroom has french doors and could be used as an office as well. The daylight lower level has a large family room, ready for finishing and a finished bedroom. these is also plenty of storage, underground sprinkling, and security system.

Here is a testimonial from a happy East Grand Rapids real estate home buyer and home seller:

Dear Tom,

The Sprich Group is holding an open house at 110 Sunnybrook on Sunday September 11th, 2011 from 1-4.  This home sits in a secluded lot in Grand Rapids Township, next to Aquinas College,  with 1.33 acres of beautiful trees and rolling hills. Built in 1995(feels like new), by BDR builders, designed with the highest quality materials, perfectly expert choice of colors, carpeting, hard-wood flooring and lighting. The easy flowing floor plan opens to a spacious foyer, warmly appointed library with fireplace and bookcases. There is a second fireplace in the wonderful combination living/dining room. A fantastic sun/family room with windows everywhere, overlooks the gorgeous private gardens and pond. A kitchen to love and entertain in with custom cabinetry, hardware, and fixtures, as well as Sub-Zero and Decor appliances. 2 master bedroom suites on the main level as well as an adjoining office. The lower level offers 3 more large bedrooms, 2 full baths and a large club room with wet bar and sliders to the backyard. Also: 6 car garage, 5,562 finished square feet, 2 furnaces, ample storage. East Grand Rapids Schools

The Sprich Group has just listed this very cute 3 bedroom, 2 bath cape cod in East Grand Rapids on Breton Road at 1030 Breton, between Hall and Lake Dr.  This cute, first time home buyers special has  3 bedrooms and 2 baths and has all the charm of a East Grand Rapids real estate cape cod that you would dream of. White picket fence surrounds this White home with black shutters. The main floor consists of, living room with fireplace, Dining room, kitchen, bedroom and bath. Upstairs, there are 2 additional bedrooms and a full bath. There is a one stall detached garage and a private deck as well. There is a basement, but it is unfinished.  $124,900  This one won’t last!

The Sprich Group has lowered the price of this wonderful home in Grand Rapids township, East Grand Rapids schools home. This grand rapids real estate home at 110 Sunnybrook has been lowered to a very attractive price of $799,900.

This home sits in a secluded lot with 1.33 acres of beautiful trees and rolling hills. Built in 1995,(feels like new), by BDR builders, designed with the highest quality materials, perfectly expert choice of colors, carpeting, hard-wood flooring and lighting. The easy flowing floor plan opens to a spacious foyer, warmly appointed library with fireplace and bookcases. There is a second fireplace in the wonderful combination living/dining room. A fantastic sun/family room with windows everywhere, overlooks the gorgeous private gardens and pond. A kitchen to love and entertain in with custom cabinetry, hardware, and fixtures, as well as Sub-Zero and Decor appliances. 2 master bedroom suites on the main level as well as an ajoining office. The lower level offers 3 more large bedrooms, 2 full baths and a large club room with wet bar and sliders to the backyard. Also: 6 car garage, 5,562 finished square feet, 2 furnaces, ample storage.

Here is a testimonial from a very pleased East Grand Rapids real estate buyer!!

One of the most important investments in our life was the day we closed on 2461 Richards. We could not be happier with our new home all thanks to Tom Sprich, our realtor.  We expressed our preferences and limits for a home in East Grand Rapids, and in return you listened and went above and beyond our expectations, by finding the best option for us. There is no one more dedicated to his job and natural will to push hard in making our dreams a reality.  Thank you, Tom.

P.S

Thank you for the beautiful house warming/closing gift, a drawing of our new home.  We are thrilled!

Respectfully,

Beh and Claire

East Grand Rapids real estate values are one of three communities in the Kent and Ottawa Counties that saw their property values rise. The other two communities were Cannon Township and Courtland Township. According to Brian Donovan, East Grand Rapids city manager, East Grand Rapids home values are up 1.75%. As I have said in many of my blogs, real estate values are driven by the strength of the school system and East Grand Rapids has one of the strongest public school systems in the State of Michigan. For a more in depth look at this article by Rick Wilson of the Grand Rapids Press, click here.

East Grand Rapids real estate just listed in the “Golden Triangle“. This is a WOW!!! This is mid-century modern totally redone and ready to go!!!  Wood floors, windows, cathedral ceilings, 3 fireplaces, upscale kitchen…the list goes on and on.  East Grand Rapids schools, Grand Rapids township taxes. Don’t miss this East Grand rapids schools gem!!! Foe more information, click here.