The Residences at Watermark are located on Watermark Golf Course  just

south of Cascade Road.   Yes, I play Watermark golf course every chance

I get.  Watermark is a premier course with friendly players.

It  has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

                              Watermark Residences

                 May 2009 Real Estate Market Report

For Sale: 7

There are 7 active Watermark Homes  currently on the market.

The median Watermark Homes current active price is $ 579,900

The average Watermark Homes current price per sq ft is $ 267.15

The average days on the market for active Watermark Homes is 216

The high price is $ 2,700,000 and the low price is $ 369,900.

Sold: 1

There has been 1 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 440,000

The average Watermark Sold Homes price per sq ft is $206.57

The average days on the market for Watermark Sold Homes is 73.

Pending: 0

Expired: 6

At the current rate of sales, we have a 35 month Absorption rate at the

Watermark Residences.  This means that it will take 35 months for the

current listed homes to sell based on the current rate of sales.

Watemark buyers don’t seem to be interested at the present prices.

The listed avg. price/square foot is about $60 more than the only sale

so far this year.  The $2.7 million home does inflate the figures a tad

but price/sq ft should be similar.  Summer may see more activity but

I see overpriced homes and buyers just aren’t buying overpriced homes.

 

Additional articles about Watermark Residences:

Watermark Residences March 2009 Market Report

Watermark Residences December 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Country Club ~ Pool Time

 

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

terry@terrywestbrook.com

Grand Rapids – Ada Real Estate  – Westbrook Realty

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook