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Grand Rapids, MI Marketplace 2007 Foreclosure Stats |
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Market trends show that the West Michigan marketplace was very similar to the 2006 stats. However, last year did see a big increase in short sales and foreclosures in the marketplace. Here's the information and best guess estimates from our local MLS board (Grand Rapids Association of Realtors).
Month/Year
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Short Sales
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Total Sales
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Short Sales Percentage
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1/2007
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124
|
836
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14.83%
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2/2007
|
126
|
790
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15.95%
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3/2007
|
188
|
1014
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18.54%
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4/2007
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183
|
1027
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17.82%
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5/2007
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182
|
1084
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16.79%
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6/2007
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213
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1004
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21.22%
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7/2007
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268
|
1059
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25.31%
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8/2007
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290
|
1090
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26.61%
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9/2007
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225
|
835
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26.95%
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10/2007
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295
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925
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31.89%
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11/2007
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269
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677
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39.73%
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12/2007
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384
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940
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40.85%
Information is deemed reliable, but not guaranteed.
The percentages speak for themselves.... Now is the time to buy some truly great deals in Grand Rapids and the surrounding areas of Michigan. Don't wait for the market to turn, the opportunity is NOW! Contact me for further information and be sure to check out the "Deal of the Century"
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