Grand Rapids Michigan Real Estate Market Report ~ Quail Crest Condos ~ July 2009

The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the late 1990’s.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance. Forest

Hills Public Schools are the school district,Watermark Country Club,

Forest Hills & 28th Street shopping are a short distance away.

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condos Entrance Cascade MI

Quail Crest Condominiums Real Estate Market Report

July 2009

13 For Sale, 2 Pending, 2 Sold

Quail Crest Condos Active Listings: 13

Quail Crest Condos Average Active Price – $218,331

Quail Crest Condos Average Active Price/SqFt – $ 149.22

Quail Crest Condos Average Active days on market – 104

Quail Crest Condos Sold Listings: 2

Quail Crest Condos average sold price – $212,500

Quail Crest Condos average sold price/SqFt – $ 136.63

Quail Crest Condos average days on market – 236

The absorption rate for Quail Crest Condos is 19.69 months, which

means if no new listings come on the market, it will take 19.69 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s condo buyers, or there is a glut of condos on

the market. Prices are still dropping on average sold prices, though

the average list price has risen.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market. That may be the route to take, if you can

play the role of landlord successfully.

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly. We can

also have these monthly market reports emailed to your

inbox, just contact us.

photo of Quail Crest Entrance by Bonnie Westbrook

Grand Rapids Real Estate