Grand Rapids Real Estate Market Update
The $8000 First Time Home Buyer Tax credit was approved and is now on the President’s desk for signatures. This current extension does have a few changes, for the better in my opinion. For first timers, the $8000 tax credit is extended until April 30th, 2010. The major addition is a $6500 Tax credit for existing home owners. Effective the day of the signing, this gives current homeowners, that have owned their current home for more than 5 years, a credit and incentive to move up or sell their home.This is nice for homeowners to help with their closing costs. Income limits have also been increased to $125,000 single or $225,000 married and you can claim this credit on any home up to $800,000 in price.
Many people have used this tax credit to help with their home purchase and it has helped the market recover, so this latest extension is welcome. Here is a list of Tax Credit Highlights.
For more information about the Grand Rapids real estate market, visit my website at GRRealEstateInfo.com or contact me any time.
More great news for the Grand Rapids Real Estate market! As reported by the Grand Rapids Association of Realtors, Grand Rapids area single family home sales continue to improve and are up a whopping 39.2% over the same time period last year. The actual numbers are 1075 homes sold versus 772 in September 2008. The average sales price is also up 2% compared with the year-to-date average of $107,285. Single family year-to-date sales volume is up to 8,657 (14.1%) compared to 7587 YTD in September 2008. Inventory lever rose slightly to 8.7 months.
Don’t miss this lovely 2 story in 
Recently announced is a new TV show called 
for everyone from world class golf courses, excellent fishing for salmon and trout right in the center of town on the Grand Rapids Fish Ladder and recreational watersports opportunity galore on the many lakes and rivers. There are some great bistros and restaurants in town, plenty of nightlife to enjoy as well as museums and art galleries to visit. In fact, Grand Rapids is hosting it’s first ever 
This years Celebration On The Grand will continue with the same successful formula that has made this end-of-summer festival so popular. 
If you are thinking of purchasing a 
Thirty Eight condos are a new upscale downtown Grand Rapids condo development, located at 
feature lavish amenities and a sprawling floorplan from 1260 to 2500 square feet of downtown living space. There are several different layouts to select from or you can also design your own to your specific tastes. The sky is truly the limit. Attached parking is available from the city and what is interesting is that your parking space is on the same level as your condo. Features will include Granite, Tile or hardwood floors and highend appliances. The condos are two bedrooms and two and a half baths. Three bedrooms are available.
