Forest Hills is actually a school district in Ada Cascade MI. This market
is always active. These Grand Rapids suburban communities have
wonderful neighborhoods, some new and some older with Top Ranked
Forest Hills Public Schools, and private schools, such as Ada Christian
& St Roberts that attract many home owners.
This report will cover the Feb 1, 2009 to April 28, 2009 real estate
market activity.
Forest Hills MI Listings over $300,000
The absorption rate for Forest Hills MI is 17.3 months, which means if no
new listings come on the market, it will take 17.3 months to sell the existing
homes at the current rate of sale. This rate is down from last month, sold
prices are up slightly. Inventory is ticking up, but sales are holding
fairly steady. Your Forest Hills 300K+ home has a good chance to sell if
it is in good condition and priced correctly.
Active Forest Hills Listings -225
Average price – $633,519
Average price per square foot – $201.55
Low price – $300,000 High price – $2,700,000.
Sold Forest Hills Listings – 23
Average SOLD price – $539,372
Average Sold price per square foot -$ 168.63
Lowest sold price – $310,000 Highest sold price – $1,325,000
Pending Forest Hills Listings – 16
Forest Hills Listings $100,000 to $300,000
The Absorption rate for Forest Hills homes in this price range is 6.28
months, which means that if no new homes enter the market, at the
current rate of sales, it will take 6.28 months to sell all current inventory.
There are 197 Forest Hills Active Listings
Average Price $213,567.
Average Active Price/SqFt is $119.82
Average Active Days on the Market – 119
High Price – $300,000 Low Active Price – $104,900.
Sold Forest Hills Listings -58
Average Sold Price – $193,873
Average Sold Price per square footat $96.78
Average Sold Days on the Market is 100 Days.
High price is $299,900 low sold price – $100,000.
36 Pending Sales
Market Synopsis: Although the absorption rate is one of the lowest in
the area, for the under 300K homes, this market area is still seeing
some reduction in sold price and price per sq ft. With more active listings
coming on the market in the spring, this will not help current inventory
sell faster or for more money. Your home must be priced competitively
and be in great condition to see the best offer from a Forest Hill buyer.
Ada Cascade Market Report March 2009
Ada Cascade Market Report December 2008
Ada Cascade Market Report October 2008
Ada Cascade Market Report Sept 2008
If you would like specific information about an Ada Cascade or
Forest Hills MI Homes, please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Forest Hills Eastern High School by Bonnie Westbrook
