Ada Michigan Neighborhood Real Estate Market Report Adatowne August 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.
Adatowne Residential Neighborhood in Ada, Michigan
August 2009 Real Estate Market Report
1 Sold, 0 Pending, 2 For Sale
Adatowne Active Listings: 2
Adatowne Average Active price – $134,900
Adatowne Active average price/SqFt – $87.62
Adatowne Active average days on market – 34
Adatowne Pending: 0
Adatowne Sold Listings: 1
Adatowne Average Sold Price – $ 166,900
Adatowne Average sold price/SqFt – $ 78.73
Adatowne Average Sold days on market – 88
MARKET SYNOPSIS: Absorption Rate for Adatowne is 8 months,
which means it would take 8 months for the active listings to sell,
if no other homes entered the market, according to current sales
statistics. Price per square foot has went down for both sold
and active listings this summer. The market here was brisk in the
winter and last spring but has slowed considerably this summer.
Not sure if this is an anomaly or due to home condition.
Ada Michigan Real Estate Reports
If you would like more information about Ada or Grand Rapids
Homes, please feel free to contact me directly.
Copyright 2009 All rights reserved
Photo of Ada MI by Bonnie Westbrook
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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
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Contact Terry 616-292-7263