Ada Woods is an established development of homes in Ada, Michigan,
just west of Ada and south of Fulton Street (M46). Ada Woods started
out as an E.L. Ladd development, but towards the end of the project
many lots were sold to other builders and completed by individual owners.
The dates of building range from 1980’s to 2005. Most of the homes
have more square footage and more amenities than Adacroft Commons,
its adjacent neighborhood. As with Adacroft Commons, there is designated
common land in the development that remains heavily wooded and in a
natural state. This development is in the Forest Hills School System and
close to several private schools.
Ada Woods Real Estate Market Report
November 2008
5 Sold, 1 Pending, 5 For Sale, 7 Expired
Ada Woods Active Listings: 5
Ada Woods Average Active Price – $ 333,920
Ada Woods Average Active Price/SqFt – $131.28
Ada Woods Average Days on Market – 131
Ada Woods SOLD Listings: 5
Ada Woods Average Sold Price -$ 340,480
Ada Woods Average Sold Price/SqFt – $124.15
Ada Woods Average Sold Days on Market – 110
Ada Woods Expired Listings: 7
Ada Woods Average Expired Price – $ 295,329
Ada Woods Average Expired Price/SqFt – $ 133.37
Ada Woods Average Expired Days on Market – 155
The average home sale for 2008 in Ada Township is $ 304,411.
171 homes have sold so far in 2008.
Ada Woods is a popular home market in the Ada area. Part of the appeal
is the proximity of Ada Elementary, Forest Hills 5/6 School, Ada Christian
Schools, St Roberts School and close to the village of Ada and Fulton Street.
MARKET SYNOPSIS: As you can see by the numbers, average sold price has
lowered, and the average asking price has risen. The expired number is up
which tells me that some sellers have given up trying to get their asking price.
If you don’t have your Ada Woods home priced about $ 125.00 a sq ft, you
will be waiting for a stronger sellers market to sell your home.
Ada Woods Market Report June 2008
Ada Woods Market Report July 2008
Ada Woods Market Report August 2008
Ada Woods Market Report Sept 2008
Ada Woods Market Report Oct 2008
If you have any questions about Grand Rapids or Ada Homes,
please contact me directly.
Grand Rapids Ada MI Real Estate – Five Star Real Estate
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Fall Color photo in Ada Mi photo by Bonnie Westbrook