Downtown Kalamazoo’s real estate market is surprisingly healthy, despite the aggressive growth in residential units and loss of major office and restaurant tenants. It’s quite possible that we are under-selling the potential of downtown Kalamazoo.
People remember 2008 like it was yesterday, and some are saying that we’re in a housing bubble that will cause prices to fall. I’m not so sure.
Today’s price increases are driven by two primary factors: demographics and low inventory.
Econ 101: the hot real estate market in Kalamazoo isn’t due to high sales volume: it’s entirely due to high demand coupled with low supply.
Our quarterly residential market update shows that the Kalamazoo market is as hot as the national market is, despite the low sales volume. Is it the right time to sell? Well, that depends…
The results of the 2021 downtown occupancy study show a softening of demand in key sectors. While some of this can be attributed to the pandemic, the trend began long before Covid took its hold on our daily lives.
