Ada Michigan Neighborhood Real Estate Market Report ~ Adatowne ~ May 2009

Adatowne is a popular entry level home market in the Ada area of

the Greater Grand Rapids metropolitan area.

Part of the appeal is the proximity of Ada Elementary, Forest Hills

Central Middle and High Schools, Ada Christian Schools, St Roberts

School and being close to the village of Ada. Adatowne is an

established subdivision, started in the early 1970’s by E.L. Ladd

Builders of Ada.

I have held many open houses in these new plats

and sold many of the homes as new construction – to be built.

If you doubt the power of your home as an investment, a basic

ranch (about 1000 sq ft) sold for $ 19,900 in 1975.

Ada Drive Ada Michigan

Adatowne Residential Neighborhood in Ada, Michigan

May 2009 Real Estate Market Report

4 Sold, 1 Pending, 2 For Sale

Adatowne Active Listings: 2

Adatowne Average Active price – $146,250

Adatowne Active average price/SqFt – $114.10

Adatowne Active average days on market – 130

Adatowne Pending: 1

Adatowne Sold Listings: 4

Adatowne Average Sold Price – $ 138,000

Adatowne Average sold price/SqFt – $ 103.84

Adatowne Average Sold days on market – 143

MARKET SYNOPSIS: Absorption Rate for Adatowne is 2 months,

which means it would take 2 months for the active listings to sell,

if no other homes entered the market, according to current sales

statistics. The market is hot in this neighborhood. This is the lowest

absorption rate of any local Grand Rapids neighborhood that on

which we do reports. Price per square foot is going up for both sold

and active listings. although it hasn’t recovered to levels seen in 2004-

2005.

With the new trend of consumers downsizing and the popularity of

Forest Hills Schools, the real estate market should remain strong

and viable for Adatowne homes, as long as they are in "great

condition" and priced about $100 sq ft.

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Photo of Ada MI by Bonnie Westbrook

Grand Rapids Real Estate