West Michigan Market Update

[Randy Charboneau]

Hello!  My name is Randy Charboneau.  I'm a Real Estate Broker in West Michigan who specializes in Foreclosues, Flips, and Income Properties.  Basically any property that will make an investor money!   I thought I'd give you an update on the market here in West Michigan including Grand Rapids, Muskegon, Muskegon Heights, Grand Haven, Spring Lake and Holland.  These are the market I service the most.

Income properties in this area can vary quite a bit from market to market across Michigan and even here in West Michigan.   The values in Muskegon Heights are dramatically lower than over in Grand Rapids for example.  Rental rates can vary quite a bit as well.

What I have done is put together a list of income units that are currently available for each area and some market data on sold properties over the past 3, 6 or 12 months depending on area.  These are just snapshot lists but it should give you an idea on price and return for each area and help you gauge how these markets compare to another market you might be looking at.  I'd be happy to provide additional data for any of these properties or any information if you need it.  Just send me a connection and let me know what you need.

You can access the data here:  West Michigan Income Unit Data Jan 2020

(NOTE: Just click any picture in that link for a magnified view - some of the text is small so you'll need to click the picture to be able to read the data effectively)

This post is hopefully helpful to other investors as they gauge the West MI market and the data is being provided for that purpose.  This is not a post to solicit business or market myself.  I present my qualifications only to verify I'm a trusted legit source for this information.  Thank you.   If this post is in the wrong forum feel free to move it.