ON THE MOVE // JUNE 2023

Allendale Area Real Estate Blog

What does the market look like this month?

The real estate market in West Michigan is still very strong with new opportunities for home buyers and sellers. Whether you are looking to buy or sell a home, understanding the current market conditions in Allendale, Blendon, Georgetown, Robinson and Polkton/ Coopersville can help you make the best decisions for your needs.

Let’s focus on Allendale Township in the last 30 days:

Currently: 88 Homes for sale on the open market / DOWN 3.6%

New to Market: 28 homes / DOWN 22%

Average Days on Market: 88 Days / UP 16.1%

Average Home Price: $422,696 / DOWN 0.1%

Number of list price reductions: 6 / UP 50%

Average sell price: $381,042 / DOWN 4.7%

Most expensive listing in Allendale: $1,089,000

Let’s summarize these statistics. Since the number of homes for sale is declining, but the number of buyers has been rising, we still have a strong sellers’ market with approximately 8 buyers for every home on the market (in the given area). The average days on the market has increased significantly as sellers have been over pricing their homes lately with the assumption that the demand will create sales. That is only partially true. The fact is, as home prices rise, many buyers are not able to borrow the funds to pay the sellers what they want, and therefore you see a 50% increase in the number of homes that required a price drop in order to sell. That also coincides with the drop in average sale price.

Professionally (Realtor) marketed and sold homes still are seeing a nearly 12% higher sale price when using a realtor than selling o market or “by owner”. Most people could sell their home buy owner given the “sellers” market but doing so costs them 12% higher sale price as well as repeated failed sales due to sellers’ inability to properly qualify a buyer and a steep increase in legal fees and lawsuits because of improper contracts and disclosures. The risks involved are not worth the 6-7% you are trying to save.

Geo Brown is the Broker/Owner of the Gateway Real Estate Group in Allendale Michigan. An independently owned and operated City2Shore Real Estate franchise.

If you would like to talk more about your options to sell or buy including timing and values, please feel free to message me for some direction. Gbrown@city2shore.com 1-616-895-8000 www.allendale-twp.org

Township Information

Township board mee�ng dates are June 12 and 26 at 6:00 pm. You can find board agendas and minutes on our website: www.allendale-twp.org.

Allendale Water System 2022 Water Quality Report

Is my water safe? Yes. Allendale Water System customers con�nue to receive water that meets or exceeds all the requirements of the Safe Water Drinking Act (SWDA). We are pleased to present the 2022 Water Quality Report (Consumer Confidence Report) as required by the SWDA. To ensure tap water is safe to drink, the Environmental Protec�on Agency (EPA) prescribes regula�ons which limit the amount of certain contaminants in water provided by public water systems and annually requires water systems to provide informa�on to their customers regarding the quality of the water provided. To view the full report, please go to: h�ps://allendale-twp.org/ documents/1739-wqr2022

Thank you, Chad E. Doornbos, Superintendent of Public U�li�es

Allendale Township Library

Mark off one circle for every 20 minutes of reading.

Once you finish 25 circles, visit the library to receive your halfway prize. A�er comple�ng the whole log, visit the library again by August 5 to receive a free book!

We are also offering events for all ages this summer! Check our website or Facebook page for all the details!

Independence Day & Concerts in the Park

Join us for the annual Ac�vi�es in the Park during the Allendale Fourth of July Celebra�on!

The ac�vi�es will be held from 11AM-2PM at the Allendale Community Park, 6676 Lake Michigan Drive. We will have food, games, and fun for all ages. From 11PM-1PM, John & Tamara Andrews will be performing at the bandshell. This free community concert is presented by Allendale Charter Township. If you have any ques�ons or are interested in volunteering, please contact the Township Community Coordinator, Elizabeth Szymanski, at 616-892-3118 or elizabeths@allendale

Come to the Allendale Community Park this summer for our annual series! Concerts are held from 6pm-8pm with the excep�on of July 4th.

June 20 | Wya� & Shari Knapp

June 27 | Tunes N' Tales with Tricia (Kids Night!)

July 4 | John and Tamara Andrews (11am -1pm)

July 11 | Neil Woodward

July 18 | Sunchaser

July 25 | Sweet Jus�ce

Summer Reading Programs For Kids And Teens

Addi�onal reading logs can be picked up at the library or printed from our website. Check out our website for informa�on about our summer reading program for adults too!