Open House Line-up for Sunday, November 22nd!

8178 Whispering Hills Drive NE, Rockford, MI 49341 (1:00-2:30)

$319,900/MLS #: 15051577

Rockford-Ranch, 6 Bed/3.5 Bath on 2.4 Acres! Wooded Setting Overlooking Pond. LARGE Family Home. Huge Great Room w/ Wood/Gas Fireplace and Sliders to Massive Deck. Dining Area with Lots of Windows for Natural Light. Nice Sized Kitchen w/ Stainless Appliances, Plenty of Counter & Cabinet Space, & Walk-in Pantry. Main Floor Master Suite w/ Sliders to the Deck & Overlooking the Scenic Backyard. Walk-in Master Closet. Master Bath features Plenty of Cabinet & Counter Space, Stand Alone Tile Shower, & Jacuzzi. Two Addt’l Beds on Main that are Nice Sized. Main Floor Bath. Main Floor Laundry & ½ Bath Combo. Mud Room Area w/ Built In Locker System. Lower Level features Oversized Family Room, TV Area, 3 Addt’l Bedrooms, Full Bath, & Walkout Sliders to Huge Backyard. Work-Shop Area in Second 2 Stall Garage…Plenty of Garage Space! Central Air, Solid Core Doors, Generator Hook-up, & Plenty of Natural Light from Large Windows which Overlook the Fantastic, Wooded, Setting & Pond!


8060 Vergennes Street SE, Ada, MI 49301 (3:30 – 5:00)

$289,900/MLS#: 15047184

Motivated Seller! Bring all Offers! Ada, Forest Hills Schools, Ranch- 5 Bed/3.5 Bath, Potential for 3 Master Suites (Perfect for Multi-Generational Living), 3 Season Pool Room and Pole Barn on a Wooded 4.67 Acres. Home Features Formal Entry w/ Large Living Room & Formal Dining Room w/ Sliders to Deck. Main Fl. Family Room has Brick, Wood Burning Fireplace w/ Beautiful Wood Beamed Ceiling. Kitchen features Custom Cabinets w/ Plenty of Cabinet & Counter Space for Multiple Work Stations, Wooded Ceiling, Tile Back-Splash, Large Eat-in Area, & All Appliances to Stay-Overlooking Wooded Sanctuary in Backyard & Sliders to Screened-in Porch. Formal Dining Room w/ Sliders to Deck. Main Fl. Master Suite offers Large Sitting Area w/ Window Seat, Double Sinks w/ Vanity Area, Jacuzzi Tub & Separate Shower. Huge WIC w/ Built-ins. 2nd Master Suite on Main offers Sitting Area, WIC, & Full Bath. 2 Addt’l Beds on Main/Current Flex Rooms. Back Entry has ½ bath and Mudroom. Lower Walkout Level has 3rd Master w/ Full Bath & WIC/Laundry. Huge Rec/Flex Room w/ Custom Brick Archways & Bar Area. Third Stall under House wired w/ 220 & Workshop Area. Large, Built in Pool w/ Plenty of Windows and Sliders to Yard.


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Grand Rapids-Wyoming, MI Real Estate Market Trends

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Grand Rapids Real Estate Market for August

COMPARATIVE ACTIVITY REPORT FOR THE MONTH OF AUGUST The home sales statistics for the month of August have been calculated and it appears that we have an increase of 11.9% in the number of new listings that were submitted to the MLS. However, since there was an even greater increase of 18.4% in the number of pending sales, we are still experiencing a significant shortage of inventory. Together, these factors have caused the average sale price to increase to $177,648

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Existing home sales rise for third month in a row

By Trey Garrison, HousingWire, 8/20/2015

Existing home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0% to a seasonally adjusted annual rate of 5.59 million in July from a downwardly revised 5.48 million in June. Sales in July remained at the highest pace since February 2007 (5.79 million), have now increased year-over-year for ten consecutive months and are 10.3% above a year ago (5.07 million). Selma Hepp, chief economist at Trulia, says the housing market continues to show consistent improvement in sales and prices.

“However, the upcoming Fed meeting in September has led to a lot of speculation as to whether rates will rise, which may impact consumer confidence in the housing market in the coming months,” Hepp says. “But even if Americans start to question whether now is a good time to sell or buy, the truth is – if rates rise, the increase will likely be modest and gradual. In fact, mortgage rates would need to exceed 11% before renting becomes cheaper than buying a home nationally. She also pointed out the segmentation of the existing home sales by price. “Much of the growth in existing home sales that we’re seeing is in the luxury market. That’s because most sales are happening in markets where the job market is robust and for-sale homes are relatively more expensive than in the rest of the country,” Hepp says. “Western states, such as California, have generally been the epicenter of both housing activity and job growth over the past year thanks to the job growth in higher-wage sectors, such as technology, health care and finance.”

Mark Fleming, chief economist at First American, notes that the gap between market capacity and actual existing-home sales is rapidly closing. “Labor market conditions and interest rate levels remain favorable to the housing market and these factors are keeping the market capacity for existing-home sales steady, nearing an equilibrium rate just below six million sales. Pent-up supply is being released and existing owners are feeling more confident to place their homes on the market, helping to drive the actual sales level higher and close the gap between market capacity and actual existing-home sales quickly,” Fleming says.

Lawrence Yun, NAR chief economist, says the increase in sales in July solidifies what has been an impressive growth in activity during this year’s peak buying season. “The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices down the road is encouraging more households to buy now,” he says. “As a result, current homeowners are using their increasing housing equity towards the down payment on their next purchase.” The median existing home price for all housing types in July was $234,000, which is 5.6% above July 2014. July’s price increase marks the 41st consecutive month of year-over-year gains. “The pace of existing sales has continued at a very healthy pace throughout the summer months, which is encouraging given the inventory shortage in most regions of the country,” says Quicken Loans Vice President Bill Banfield. “The market needs more new homes to be built to continue the momentum, so the trade up buyers can find their next home and provide inventory for those looking to enter the home buying market.”

Yun did have some concerns. “Despite the strong growth in sales since this spring, declining affordability could begin to slowly dampen demand,” says Yun. “Realtors in some markets reported slower foot traffic in July in part because of low inventory and concerns about the continued rise in home prices without commensurate income gains. “Total housing inventory at the end of July declined 0.4% to 2.24 million existing homes available for sale, and is now 4.7% lower than a year ago (2.35 million). Unsold inventory is at a 4.8-month supply at the current sales pace, down from 4.9 months in June. The percent share of first-time buyers declined in July for the second consecutive month, falling from 30% in June to 28% — the lowest share since January of this year (also 28%). A year ago, first-time buyers represented 29% of all buyers. “The fact that first-time buyers represented a lower share of the market compared to a year ago even though sales are considerably higher is indicative of the challenges many young adults continue to face,” adds Yun. “Rising rents and flat wage growth make it difficult for many to save for a down payment, and the dearth of supply in affordable price ranges is limiting their options.”

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage climbed to 4.05% in July from 3.98% in June — the first time above 4% since November 2014 (4%) and the highest since September 2014 (4.16%). Properties typically stayed on the market for 42 days in July, an increase from June (34 days) but below the 48 days in July 2014. Short sales were on the market the longest at a median of 135 days in July, while foreclosures sold in 49 days and non-distressed homes took 41 days. Forty-three% of homes sold in July were on the market for less than a month. All-cash sales increased slightly to 23% of transactions in July (22% in June) but are down from 29% a year ago. Individual investors, who account for many cash sales, purchased 13% of homes in July, up from 12% in June but down from 16% in July 2014. Sixty-four% of investors paid cash in July.

Representing the lowest share since NAR began tracking in October 2008, distressed sales — foreclosures and short sales — declined to 7% in July from 8% in June; they were 9% a year ago. Five percent of July sales were foreclosures and 2% were short sales. Foreclosures sold for an average discount of 17% below market value in July (15% in June), while short sales were discounted 12% (18% in June). Single-family home sales increased 2.7% to a seasonally adjusted annual rate of 4.96 million in July (highest since February 2007 at 5.08 million) from 4.83 million in June, and are now 11.0% above the 4.47 million pace a year ago. The median existing single-family home price was $235,500 in July, up 5.8% from July 2014. Existing condominium and co-op sales fell 3.1% to a seasonally adjusted annual rate of 630,000 units in July from 650,000 units in June, but are still up 5.0% from July 2014 (600,000 units). The median existing condo price was $221,800 in July, which is 3.2% above a year ago.

July existing home sales in the Northeast decreased 2.8% to an annual rate of 700,000, but are still 9.4% above a year ago. The median price in the Northeast was $277,200, which is 1.3% higher than July 2014. In the Midwest, existing home sales were at an annual rate of 1.32 million in July, unchanged from June and 10.9% above July 2014. The median price in the Midwest was $186,500, up 6.6% from a year ago. Existing home sales in the South increased 4.1% to an annual rate of 2.29 million in July, and are 9.6% above July 2014. The median price in the South was $203,500, up 7.0% from a year ago. Existing home sales in the West rose 3.2% to an annual rate of 1.28 million in July, and are 11.3% above a year ago. The median price in the West was $327,400, which is 8.4% above July 2014

Full Article:

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Stunning home in Forest Hills! 5 Bedrooms & 8 Baths. Beautiful Indoor Pool and PLENTY of Living Space

Contact Sarah Cain for a private tour today! 616-485-0506 or

Executive, Contemporary – Custom Built for Lot w/ Frank Lloyd Wright Style Overhangs, Commercial Built w/ Steel I-Beams & 2×10 Construction, Over 10,000 sq, feet! Home features Great Room w/ Floor to Ceiling Windows, Custom Floating Staircase, & 20 ft. High Ceilings. Formal Dining Room w/ Wood Floors. Updated Kitchen w/ Custom Countertops, Grabal Cabinets, Center Island w/ Custom Raised Bar-Height Table, and all High End Appliances. Huge Mudroom off of the Kitchen. Sunken Living Room w/ Built-in Bar area & 3-way Fireplace Overlooks the Waterfall and Wooded Backyard. Music/Flex Room off of Living Room. Master Suite w/ Newly Renovated Master Bath, Dual Walk-in Closets, Fireplace, Private Deck, and Spiral Staircase that leads to the Private Office on Mezzanine Level. Stairway from Master to Second Level Bedrooms. Floating Staircase leads to 2 Bedroom Suites w/ Private Baths, Built-in Shelving, and Walk-in Closets. Main Floor Laundry Room. In-Law Suite featuring Family Room w/ Fieldstone Fireplace, Full Kitchen, Play Room, Second Master Suite, Bedroom/Theater Room, Laundry/Utility Room, Executive Exercise Room w/ Custom Flooring Overlooking the Indoor, Bromine treated, 89 Degree Pool & Hot Tub. Pool Room features 24 ft. Ceilings w/ Glass Walls, Turkish Steam Shower, Full Bathroom, Laundry Room, Dressing Rooms, Dry-a-Tron System, and Overlooking the Waterfall and Private, Wooded Backyard. Large, Lower Level Patio, Tiered Decks. Ash Doors, Reverse Osmosis Water System, Closed Circuit TV System for Pool Area, Marble Floors, Oversized 3 1/2 Stall Heated Garage, Commercial Mechanicals, w/ Geothermal Heat & Boiler, On-Demand Hot Water System Throughout Home, Concrete Shingled Roof. No Association.

Five Star Real Estate

MLS# 15027393

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Open House This Monday, August 10th from 6:30-8:00 p.m.

2873 N NEW TOWN Drive NE

Grand Rapids, MI 49525

MLS #: 15042833


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Forest Hills Schools – Trendy, Celadon 2 story w/ 3+ Beds/2+ Baths, 4 STALL GARAGE & Balances Design and Functionality. Contemporary Community. Enter through the Open, Covered, & Airy Front Sitting Porch into the Spacious Great Room fts. Modern Gas Fireplace, Two Story Entry, w/ many Oversized Windows. Hardwood Floors throughout! Kitchen fts. Plenty of Custom Cabinet & Counter Space, Center Island w/ Snack Bar Seating, AMAZING Stainless Hood System over Double Oven Stove, Granite Counters, Tile Backsplash & Large Pantry. Spacious Dining Room. Back Entry fts. Custom Built Open Locker System w/ Bench Seating. High End Guest Bath on Main Level. Main Floor Master Suite w/ Secluded Back Patio w/ Hot Tub Hook-up, Large Walk-in Closet w/ Washer Dryer Hook-up, 9 ft. Ceilings, Surround Sound, Spa-Like Bath fts. Custom Designed Aroma/Chroma Therapy Steam Room, Two Separate Granite Vanities w/ Steam Shower. 2nd Floor fts. 2 Bedrooms, Full Bath, Second Floor Laundry & Loft Area. Lower Level is Studded for 4th Bedroom, Full Bath, Fixtures are onsite to Finish w/ Large Rec Room & 9 ft. Ceilings. Celadon ft.s Outdoor Pool, Playing Area, Amphitheater, Dog Park, & Garden Area.

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New Listing! Cedar Springs, 3 Bed/2Bath…Nice Ranch Style Home!

14677 Crescent Meadows Drive NE, Cedar Springs, MI 49319


$149,900; MLS#: 15042688

Cedar Springs – Ranch, 3 Bed/2 Bath. Open Concept, Naturally Bright, Living Room w/ Great Room Feel. Kitchen is Open to Dining Area & Offers a Center Island w/ Snack Bar Seating. Sliders off Dining Area Lead to Large Deck Overlooking the Spacious Back Yard. Master Suite on Main w/ Nice Sized WIC & Huge Window for Natural Daylight. Second Bedroom on Main is Nice Sized w/ Plenty of Closet Space. Main Level Laundry. Daylight, Lower Level Offers Large Family/Rec Room, an Addt’l Bedroom, & Second Full Bath. Open Floor Plan, Central Air, 2 Stall Attached Garage, Storage Shed, Nice Backyard, & Plenty of Space for Entertaining!

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