Summer Market Still Sizzling
 
 

West Michigan's real estate market continues to stay on fire. Officially, we are the 18th hottest housing market in the country according to the National Association of Realtors. Our supply of listings is down -6.1% vs. 2015, while closed sales year-to-date are up 11.0% Both factors have combined to push average home sale values up by 7.5% to $184,203 so far in 2016. Check out this story for full details on why many homes in Grand Rapids are selling faster than in the rest of the U.S.

Planning to sell?  Call us at 575-0140 or 437-0209 to book a pre-listing consultation. We'll help you get your home ready for market and project your closing costs and net proceeds.



Bob & Lisa Novosad
616-575-0140


Wow, it sure did get hot fast this year! Summer had barely unfurled when the residential real estate market delivered the most blistering June  in a decade, according to new data on inventory and user activity on  Realtor.comĀ® . Homes for sale in June had moved off the market 2% more quickly than last year as prices continued to hit new record highs.


We're pleased to announce Bob was named Managing Broker of the Grand Rapids Keller Williams Realty East office on June 1st. In that role he will supervise the company's 205 agents for compliance with state licensing law and all professional standards. Bob replaces Jon Jackson, who had served in that capacity since Keller Williams started in Grand Rapids in 2001. Bob will continue to actively sell real estate as part of The Novosad Team.  
The housing market shows no signs of slowing down. According to  TD Bank's Fourth Annual Mortgage Service Index , 56 percent of American homeowners feel it's a "good time" to purchase a home, while 71 percent felt their most recent buyer experience was "very good" or "excellent," up almost 10 percent in the last two years.

It's no mystery that when the housing market is blazing stiff competition for homes increases. Making the wrong move in a saturated market leads to financial remorse or house buying misery. To prevent this agony, below are some common mistakes you should avoid as a first-time buyer.



Anglers, teachers, concerned citizens and school children all are working to improve stream conditions for trout in the Rogue River, a popular Grand Rapids area trout stream that was adopted by Trout Unlimited, the national cold water conservation organization.



Our Featured Property
570 Greentree Lane NE, Ada, MI 49301

Ada country estate in park-like setting on 3.0 acres -- a true family compound with all the amenities you can think of. Inside, this 5700 total sq/ft home offers 4 bedrooms, 5.5 baths, 4 fireplaces, 2 wet bars, a huge four-season room and much more. Outside, enjoy an in-ground pool, gas fieldstone barbecue grill, tennis court, putting green, walking path, river-rock patio, expansive deck and manicured grounds. The master bedroom suite with fireplace and sitting area is a retreat unto itself. Air hockey and pool tables in rec room stay with home. The garage offers a workshop, metal ceiling, room for a boat or antique car and is wired for a back-up generator. Exterior has skirl cedar siding and cultured fieldstone. See MLS docs for a full list of recent owner improvements the last 5 years.

Have You Heard About 'The Right Place'?
A growing economy, outstanding health care, low cost of living, award-winning schools, and diverse cultural options are just a few reasons why people choose West Michigan. Our region has a vibrant, big-city feel in Grand Rapids while retaining smaller-city charm in its neighborhoods, boutique shopping areas, and tree-lined streets-all combined in a virtual playground of arts, culture and natural beauty.

What to Do This Weekend

 

We now are a proud member of HelloWestMichiganoffering residential relocation services. This organization
serves as an advocate for talent and provides downstream support to transferees, as well as their families, as they settle into their new lives in West Michigan.  Be sure to check out our HWM  profile and let anyone who is looking to move to the area know about all the resources available on this website.

Thanks for letting us share these market updates with you. We look forward to maintaining your trust and confidence in our team and earning your future referrals.