Exquisite one of a kind contemporary home on 10 acres. Featuring soaring cathedral ceilings, showcase granite faced fireplace, main floor master, main floor laundry, 6 garage stalls, theater room, hot tub, huge 48′ x 40′ pole barn with 60′ x 16′ RV stall with 14′ door. Remodeled by award winning builder Mike Schaap this home features timeless quality, all brick exterior, metal roof, and full automation (provided by local home automation experts Bekins.) The gourmet kitchen features all granite counter tops, Miele appliances, quality custom cabinets offering every built-in and storage option needed to masterfully entertain. The dedicated office space and 2 gym areas – both a TRX area and a workout room – show this house has what is needed to thrive in today’s world. The sound proofed theater room, featured in Audio Video Interiors magazine, is equipped with 1 touch fully automated movie mode, tiered seating and incredible surround sound. Roughly 1/3 of the acreage is wooded, offering a beautiful mix of hardwood and evergreen on the grounds. This home is a must see!
Opportunity Knocks!!! Build your dream home on this incredible walkout building site offering the PERFECT location. With walking/biking trails on the north end of this development with a private walking trail right to them and Townsend Park right across the street. Now you can build your dream home with award winning builder, Christin Homes LLC. This sought after location offers Rockford Schools, several acres of shared land, a large building envelope that can accommodate many of todays most popular floor plans. NOTE: natural gas is available.
Berkshire Hathaway HomeServices has awarded John Rice the Chairman’s Circle Gold Award for 2020 production. The award is presented to top performing agents that place within the top 2% of Berkshire Hathaway Agents Nationwide.
Now in his 19th year, John Rice passionately assists Michigan residents in their housing needs. Berkshire Hathaway HomeServices Michigan Real Estate is ranked as one of the top producing brokerage firms in the nation.
Excellent home with updated bath, attached garage, finished basement, fenced in backyard and it backs right up to a park! Only minutes to downtown Grand Rapids. Walk out your door and enjoy miles of sidewalks and easy access to everyday amenities. Updated paint colors reflect the wonderful natural light through the newer windows. Attached garage and a large fenced back yard with shed and fire pit. Amazing finished basement with built in bar, bedroom, rec room, storage and more – its perfect for home office, home theater and home gym! Move in condition and excellent value. This home is a must see! Seller has directed all offers be held through Monday March 15 12PM.
Looking for the perfect lot to build your DREAM HOME? Want acreage and beautiful barn and a great place to call home? This is it! This is the perfect way to obtain 2.8 acres, and a barn plus it currently has 1971 mobile on it. Beautifully remodeled and added onto, this 1971 mobile home is built on a permanent chassis. Thinking of building new? Check out the large open vacant space on the north side of the property! NOTE: Because this home is built on a permanent chassis and built in 1971. Financing needs to be CASH or most likely a portfolio or construction loan with 30% down and credit score requirements.
Forest Hill Schools – Private Thornapple River frontage. This gorgeous Town & Country cedar home is surrounded by the natural beauty of hardwoods. Located on the open 6 mile stretch of the Thornapple River (all sports.) This home offers the best of rustic-lux. With soaring vaulted plank ceilings, stone fireplace, majestic views out every window, and quality finishes throughout – every inch breathes the essence of home. The main floor master with luxuriously appointed on-suite, the additional bedrooms, finished garage loft space, and walk-out lower level each offer custom touches combining form, function and fun. Experience the peace of this location while appreciating its close proximity to everyday amenities such as shopping, dining, entertainment, and more.
Perched on the highest elevation of this beautiful 33 acre parcel, this 3800+ sqft home features main floor master, soaring vaulted ceilings, 3 stall garage, and finished walkout lower level, plus separate office with 2 bedrooms 1 bath and over 1036 sqft. As you enter the property you view the modern 56 x 56 pole barn and attached 3 story historical barn, a separate office with additional garage, and continue on the private driveway deep into the acreage to the main home. With the office, heated pole barn, loads and loads of storage (over 7400+ sqft just storage,) multiple workout and flex spaces, this property and home has everything you need and want! NOTE: House has 4 bedrooms 3.5 baths, 3800 sqft, office has 2 bedrooms & 1 bath and 1036 sqft.
This Nantucket inspired cape cod residence designed by Jeff Visser, built by Andy Vandermale, and landscaped by Tom Rooks, features serene scape, timeless design, and quality craftsmanship. With the perfect combination of floor plan and location, this cul-de-sac setting includes 2 lots and offers privacy perfect for both quiet enjoyment and entertainment. From the brick patio, or one of the many decks, enjoy peaceful views of the wetlands. Tour the links for the walk through video and virtual tour to appreciate this amazing home offering main floor living, 3 stall garage, with superb layout offering plenty of room for everyone. Located in the award winning Forest Hills Eastern school district, walking distance to Grand Rapids Township Park, Forest Hills Trails and more. …walking distance to Grand Rapids Township Park, Forest Hills Trails and right around the corner from Knapp Corners for easy shopping, dining and entertainment. Only minutes from downtown with easy access to major highways.
Buyers Are Finding More Space in the Luxury Home Market
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report from ILHM emphasizes:
“Exactly one year ago, we reported that demand for large properties, mega mansions, private estates, and luxury ranches had reduced significantly over the previous few years; especially from the younger generation of luxury property buyers.”
For today’s buyers looking for larger homes, steady increases in equity might be what makes a move possible. Leveraging home equity makes it easier to afford the down payment on a luxury home, and current low interest rates are making mortgage payments more affordable than they have been in years. The report from ILHM also notes:
“Luxury real estate prices may continue to strengthen further into the third quarter, as the affluent continue to see large investment returns from the currently strong stock market.
Coupled with the low interest rates, the policies granting (and insisting) on working from home implemented by many employers, and the concerns of the pandemic, all translate to the affluent increasingly trading in their city lifestyle for a home that has it all.”
Clearly, today’s strong gains in home equity paired with record-low interest rates make fall a great time to move up into the luxury market to meet those changing needs.
If you’re ready to gain some breathing room in a larger home, let’s connect so you have the guidance you need to find more space in the luxury home market.
Source: Michigan Real Estate Updates
Fall 2020 Real Estate Trends
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need. Sam Khater, Chief Economist at Freddie Mac, explains:
“Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have ignited robust purchase demand activity…However, heading into the fall it will be difficult to sustain the growth momentum in purchases because the lack of supply is already exhibiting a constraint on sales activity.”
According to the National Association of Realtors (NAR), right now, unsold inventory sits at a 3.1-month supply at the current sales pace. To have a balanced market where there are enough homes for sale to meet buyer demand, the market needs inventory for 6 months. Today, we’re nowhere near where that number needs to be. If the trend continues, it will get even harder to find homes to purchase this fall, and that may slow down potential buyers. Danielle Hale, Chief Economist at realtor.com, notes:
“The overall lack of sustained new listings growth could put a dent in fall home sales despite high interest from home shoppers, because new listings are key to home sales.”
The realtor.com Weekly Recovery Report keeps an eye on the number of listings coming into the market (houses available for sale) and the total number of listings staying in the market compared to the previous year (See graph below):Buyers are clearly scooping up homes faster than they’re being put up for sale. The number of total listings (the orange line) continues to decline even as new listings (the blue line) are coming to the market. Why? Javier Vivas, Director of Economic Research at realtor.com, notes:
“The post-pandemic period has brought a record number of homebuyers back into the market, but it’s also failed to bring a consistent number of sellers back. Homes are selling faster, and sales are still on an upward trend, but rapidly disappearing inventory also means more home shoppers are being priced out. If we don’t see material improvement to supply in the next few weeks, we could see the number of transactions begin to dwindle again even as the lineup of buyers continues to grow.”
Does this mean it’s a good time to sell?
Yes. If you’re thinking about selling your house, this fall is a great time to make it happen. There are plenty of buyers looking for homes to purchase because they want to take advantage of low interest rates. In some price ranges, Realtors are reporting an average of 3 offers per house and an increase in bidding wars, meaning the demand is there and the opportunity to sell for the most favorable terms is in your favor as a seller.
If you’re considering selling your house, this is the perfect time to connect so we can talk about how you can benefit from the market trends.
Source: Michigan Real Estate Updates