Ada Michigan Neighborhood Real Estate Market Report Catamount August 2009
Catamount properties are in the rolling hills adjacent to the
Grand River in the northern section of Ada Township in a gated
community with privacy and wooded acreage. Executive style
homes with lots of room for entertaining and all the custom extras
that make a home luxurious are the norm here. If you are
searching for a prestigious address, this could be what you are
looking for, as it is one of the most affluent neighborhoods in the
Grand Rapids area.
Catamount Market Report August 2009
2 For Sale, 5 Sold, 6 Expired
Catamount Active Listings: 2
Catamount average active price – $637,400
Catamount average active price /SqFt – $ 225.10
Catamount average days on market – 134
Catamount SOLD Listings: 5
Catamount average sold price – $ 592,350
Catamount average sold price/SqFt – $ 207.54
Catamount average sold days on market – 142
Catamount Pending Listings: 0
The Absorption Rate for Catamount Homes is 3 months, which means if
no new listings come on the market it will take 3 months for the existing
homes to sell at the current rate of sales. The average sold price dropped
in 2008 and into 2009. The average list price is just slightly higher than
current selling price. 5 homes sold in the last 8 months, with 2 homes
for sale in this neighborhood. Prices have eroded from 3-4 years ago
but seem to have stabilized a bit this summer.
Ada Michigan Real Estate Market
If you would like further information about the value of an Ada or
Grand Rapids Home, please contact me directly at:
1-888-240-1988 ext 0 or email: terry@terrywestbrook.com
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in West
Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research & services,
numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263