Grand Rapids Area Real Estate Report with Steve Volkers
Each month, Steve Volkers, Associate Broker and Realtor at Five Star Real Estate provides a glimpse into the Real Estate market of West Michigan. Our insights are drawn from sales data and analytics within the communities of the Greater Grand Rapids area. Please note that the content presented in this podcast is intended solely for informational purposes. It is important not to interpret any of this information or accompanying materials as legal, tax, investment, financial, or any other form of advice.
Episodes
Join Steve Volkers of the Steve Volkers Group at Five Star in this informative episode as he provides a comprehensive update on the current state of the real estate market. Steve discusses recent developments, the impact of low inventory, rising interest rates, and the potential for market stabilization. With over 17 years of experience, Steve offers valuable insights for both buyers and sellers, emphasizing the importance of being...
Are you waiting for interest rates to drop before making a move in the real estate market? The August market data report from Steve has some eye-opening insights. Discover if that waiting game could actually be costing you money in the long run. Plus, dive into the impact of the ongoing inventory shortage on prices and the potential benefits of renting out your current home. Don't miss out on these valuable tips and trends!
In his latest video, Steve shares insights on the current state of the real estate market. Are we seeing the beginning of the "new normal"? While prices remain stable, sales and transactions have decreased by 17-20% compared to previous years. He looks at who’s currently moving… first-time homebuyers, first-time sellers, and second-time buyers.
There is a high demand for homes priced between $250,000 and $350,000, but the...
What are we seeing in the market this month? In June we're focusing on the total sales for the year, or lack thereof, and what that means for buyers, sellers, and agents in our area. So there's a little something for everyone in this month's Market Data Report!
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Are buyers fickle right now? Get all the details in this month's Grand Rapids Area Real Estate Report!
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This month's mantra for buyers is "Don't get discouraged". The lack of housing inventory in our area means that the market remains competitive. But as you'll see it's not quite as bad as last March when homes were selling at 5% above list price...this year March sales prices are, on average, selling 1.6% above list price. For sellers, homes are continuing to sell quickly but again not quite in the same...
What's the bigger driver of the state of our current real estate market...interest rates or inventory? Find out that and much more in this month's Grand Rapids Area Real Estate Report w/ Steve Volkers
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You don't want to miss this month's real estate report from Steve Volkers! There's lots of great information here whether you're in the market to buy or sell, an agent, or even as a lender. Sales were down last year by almost 2000 units at just over 10k, you have to go all the way back to March of 2013 to find the last time there was this level of units sold...will that trend continue? Also looking at the media...
This month Steve is recapping 2022 and looking forward to what 2023 may bring for the Grand Rapids area real estate market.
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Have we been in a real estate market bubble? Did that bubble burst or is it just deflating? Find out that and much more in Steve Volkers' market data insights for November/December.
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The real estate market lags behind what is happening now in the financial markets...it's time to focus on your goals." Watch to learn exactly what Steve means in this month's GR Real Estate Market Data Insights.
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After a slight delay due to Kevin's European vacation... Steve's monthly real estate market data insights video is done and the data book is ready for download! The big takeaways this month are market stabilization and it's time to get off the fence! Watch to get all the details!
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Steve's takeaway for this month...Don't chase the market! In this month's episode, Steve talks about affordability and how Realtors price a home. You'll also learn why the risk of overpricing your home is a real possibility and why it's essential to have realistic expectations when setting your home price, and much more.
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Summer is flying by and the July real estate data is in! West Michigan doesn't always follow the national trends...so our broker Steve Volkers gives you hyper-local real estate insights based on real-world experiences and local data.
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June real estate data is in! There's been a lot of economic buzzwords flying around in the last month. And in this month's market insights, @Steve Volkers relates buzzwords like inflation, affordability, recession, jobs, shifts in the market, and more to our West Michigan Real Estate Market.
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In this month's(May data) real estate market insights, Steve covers, interest rates, gas prices, a market slow down, and much more. Stay till the end to see how you can get a cool gift from Steve.
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Home affordability, interest rates, and what's the 'meaning' of home-ownership? Those are just a few of the topics Steve Volkers will discuss in this month's real estate market insights video.
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What's going on with interest rates...home inventory...and is it still a good time to sell? In this month's Grand Rapids Real Estate Market Insights Steve will answer these questions and much more.
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Our monthly Grand Rapids Area Real Estate Market Insights feature is back! This month Steve shares with us his thoughts on the current state of the real estate market, including, inventory (or lack thereof), pricing, and more.
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