Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

Forest Hills Gardens Absorption Market Report Feb 2009

4 Sold, 3 For Sale, 1 Expired

The absorption rate for Forest Hills Gardens is 10.5 months, which

means if no new listings come on the market it will take 10.5 months

for the existing inventory of homes to sell at the current rate of sale.

Active Forest Hills Gardens Listings: 1

Average list price is $ 191,633

Average time on market is 60 days.

Average list cost/SqFt is $100.30

Forest Hills Gardens Sold Homes :4

Average Sold Price: $162,475

Average price/Sq Ft: $96.47

Average days on the market: 20 days.

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 going in next

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

under construction a short distance away on Spaulding Ave.

Both of these new developments are quite close to Adacroft Commons

and Forest Hills Gardens.

If you have questions about Forest Hills or Ada homes,or

if you would like this market report emailed to your inbox,

please contact me directly: 1-888-240-1968 ext 0

Japanese Maple photo by Bonnie Westbrook

Grand Rapids Real Estate