Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of  Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada’s Clements Mill has seen steady to declining values in the short

time it has been built out.  This is largely due to the current over

abundance of houses for sale in a soft resale market. 

 

                Clements Mill  Real Estate

           Market Report November 2008

  21 Sold, 1 Pending, 5 For Sale, 8 Expired

 

Clements Mill Active Listings November 2008: 5

Average Active Price: $250,700

Average Active Price/SqFt: $118.14

Average Active Days on Market: 120

Clements Mill Sold Listings November 2008: 21

Average Sold Price: $276,223

Average Sold Price/SqFt: $123.39

Average Days on Market: 108

Clements Mill Expired Listings: 8

Average Expired Price: $269,275

Average Expired Price/SqFt: $ 130.94

Average Expired Days on Market: 152

Absorption Rate for Clements Mill homes is averaging 2 sold homes

per month for 2008 to date. With 5 current listings, there is a 2.5

month supply of homes on the market in Clements Mill, Ada MI.

 

Clements Mill Market Report Sept 2008

Clements Mill Market Report July 2008

Clements Mill Market Report June 2008

 

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. There is a new proposed 80 condo units – Villas of Ada

and Stone Falls of Ada – a 210 unit apartment complex, currently

open & under construction here.  The Stone Falls of Ada apartment project

is adjacent to Clements Mill.  Both are scheduled for completion by

spring 2009.

If you have detailed questions about Ada Homes, Forest Hills Homes or

just need further information, please contact me directly at:

1-888-240-1968 ext 0 

 

Grand Rapids Ada MI  Real Estate   Five Star Real Estate LLC

Copyright 2008  All rights reserved

Ada Drive Walking Trail Photo by Bonnie Westbrook