Cascade Township MI Real Estate Market Report ~ Caravelle Village ~ March 2009

Cascade Neighborhood Absorption Report

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

March 2009 Market Report

4 For Sale, 7 SOLD, 1 Pending, 3 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 187,175

Caravelle Village Average Active Price/Sq Ft – $ 129.91

Caravelle Village Average Days on the Market – 210

Caravelle Village SOLD Listings: 7

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 Pending Listings: 1

Caravelle Village Expired Listings: 3

Caravelle Village Average Expired Price – $193,200

Caravelle Village Average Expired Price/SqFt – $126.96

Caravelle Village Average Expired Days on the market – 97

At the current rate of sales, we have a 3.5 month supply of homes in

Caravelle Village, if no new homes come on the market.

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year. The average listed price has dropped slightly,

but buyers are still reluctant.

This is a popular area for home buyers, but your home must be in top

notch condition and priced to sell in today’s market.

photo of Cascade Township Park & Thornapple River by Bonnie Westbrook

Grand Rapids Real Estate