Caravelle Village is an established subdivision built in the late 1960’s
and 1970’s just south of Burton Street, east of Kraft Avenue and west
of Cascade Road in Cascade Township. These Grand Rapids Homes
have the traditional mix of two stories, tri-levels and ranches. A desirable
place to live with median priced homes, Forest Hills Schools, and close to
28th shopping and restaurants. Originally built by a variety of builders, the
homes here are quality construction in a safe neighborhood and close to
the historic village of Cascade and 28th Street shopping.
Caravelle Village Residential Real Estate
October 2008 Market Report
4 For Sale, 7 SOLD, 3 Expired
Caravelle Village Active Listings:
Caravelle Village Average Active Price – $ 188,675
Caravelle Village Average Active Price/Sq Ft – $ 131.17
Caravelle Village Average Days on the Market – 131
Caravelle Village SOLD Listings:
Caravelle Village Average Sold Price – $ 183,071
Caravelle Village Average Sold price/SqFt – $ 128.21
Caravelle Village Average Sold Days on the Market – 62
Caravelle Village Expired Listings: 3
Caravelle Village Average Expired Price – $194,867
Caravelle Village Average Expired Price/SqFt – $128.00
Caravelle Village Average Expired Days on the market – 115
At the current rate of sales, we have a 6 month supply of homes in
Caravelle Village, if no new homes come on the market.
MARKET SYNOPSIS: Not much new activity for Caravelle Village this month.
The average listed price is coming down, but the average expired price has
risen. ( Note:Most sellers don’t realize the CRUCIAL difference the correct listed
price makes in selling your home. If you are priced over the market, your
home will have a reduced chance of selling at your asking price. Your home
will not be considered a viable commodity until the price is at the average
selling price per square foot for your area. That is the market place today.)
This is a popular area for home buyers, but your home must be in top notch
condition and priced to sell in todays market.
234 Cascade Township homes have sold in 2008
The 2008 average Cascade Township home price is $306,712
Caravelle Village Market Report June 2008
Caravelle Village Market Report July 2008
Caravelle Village Market Report August 2008
Forest Hills Schools Market Report Sept 2008
Caravelle Village Market Report Oct 2008
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
photo of Cascade Town Hall Gardens by Bonnie Westbrook