Cascade Township Michigan Neighborhood Real Estate Market Report Caravelle Village August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Caravelle Village August 2009

Caravelle Village is an established subdivision built in the late 1960’s

and 1970’s just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township.  These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches.  A desirable

place to live with median priced homes, Forest Hills Schools, and close to

28th shopping and restaurants. Originally built by a variety of builders, the

homes here are quality construction in a safe neighborhood and close to

the historic village of Cascade and 28th Street shopping.

Leslie E Tassell Park

Caravelle Village Residential Real Estate

August 2009 Market Report


4 For Sale, 3 SOLD, 0 Pending, 1 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 170,075

Caravelle Village Average Active Price/Sq Ft – $ 127.28

Caravelle Village Average Days on the Market – 279

Caravelle Village SOLD Listings: 3

Caravelle Village Average Sold Price – $ 176,000

Caravelle Village Average Sold price/SqFt – $ 111.30

Caravelle Village Average Sold Days on the Market – 74

Caravelle Village Pending Listings: 0

Caravelle Village Expired Listings: 1


At the current rate of sales, we have a 10.66 month supply of homes in

Caravelle Village, if no new homes come on the market.

MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since

January of this year.  The average listed price has dropped about $17K

from last year, but buyers are still reluctant.

This has been a popular area for home buyers, but your home must be

in top notch condition and priced to sell in today’s market.  Note the difference

between average list price/sq ft and average sold price/sq ft above, this tells

the whole story.

Cascade Township Michigan Real Estate

Copyright 2009  All rights reserved

photo of Cascade Town Hall Gardens by Bonnie Westbrook

_____________________________________________________________________________

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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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