Caledonia Michigan Real Estate Market Report August 2009

Posted on September 17, 2009 by Terry & Bonnie

Caledonia Michigan Real Estate Market Report August 2009

Absorption rate for Caledonia MI Market is currently 6.6 months,

which means if no other homes come on the market, it will take

6.6 months for the current inventory to sell at the current

sales rate. This stat is less than last month’s figure, we are seeing

a definite upturn in sales in Caledonia homes and sell times are

returning to the normal range.

Ruehs Park Caledonia Michigan

Current active listings – 158

Low $39,000 High $1,284,900

Average List Price – $304,490

Average sold price – $216,058

Pending Home Sales – 24

Sold Homes – 71

Average sold price/Square foot is $ 108.68

Sold High $875,000 Sold Low – $37,000

These stats are from May 1, 2009

There are 5 homes in million dollar + range listed, so this skews the

figures somewhat in the upper brackets.

The Caledonia market is selling well as buyers try to get

situated in their new homes before school starts. Newer and higher

end homes are selling, only 2 homes pending under $100,000. The majority

of pending sales are $100,000 to $200,000 price range.

Average sold price and sold price/square foot rose again this month,

though average listed price fell by about $20K.

There are some excellent buys in Caledonia but they are

disappearing fast. Don’t wait until they are gone.

Additional Caledonia Michigan Articles:

Caledonia Michigan Video Tour

Caledonia MI Real Estate

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Photo of Ruehs Park Caledonia Michigan 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Are You Up for a Nature Safari Sept 19, 2009??

Posted on September 17, 2009 by Terry & Bonnie

Ada Township Park Participates in Connecting Families with Nature Saturday Sept 19, 2009 ~ Free Ada MI Event

The Kent Conservation District is holding a Kick Off Event for their

Nature Passport Program. These local events will be held at local

parks and Nature Areas this fall. The events are to encourage

families to enjoy outdoor activities and your local park resources.

Ada Township Parks and Recreation – Invites families throughout

Kent County to come out and enjoy a family day at Ada Township

Park. You can pick up your “Passport for Adventure”. Check in

at the Park Shelter to register and get your “Passports” and then

you can have a range of free activities for your day at the park.

Saturday Activities include:

Learning Center with nature artifacts and hands on science exhibits
Free racquets to borrow for tennis and pickle ball
Nature trails through woods and prairie with interpreters
Paved bike paths for walking & biking
Free fishing poles and bait to borrow at the fish pond
Scavenger hunts in the Arboretum
Balls for playing basketball & soccer
Plus additional fun ideas to help you enjoy your day at the park

Event Information :

Location Ada Park 1180 Buttrick Ave. Ada MI 49301

Date/Time: Sept 19, 2009 10am to 2pm

Additional Saturday Sept 19 Events are planned at these Nature Centers:

Blandford Nature Center

Calvin College Ecosystem Preserve

Howard Christensen Nature Center

Wittenbach/Wege Agri-Science and Environmental Education Center

John Ball Zoological Park

Kent Conservation District Link

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

NE Grand Rapids Bungalow Updated & Ready for New Owners

Posted on September 16, 2009 by Terry & Bonnie

Bring your checklist to this great home in a NE neighborhood

. It has all the amenities you are looking for at a great price and in great condition.

At 1440 square feet of finished living space, it is a lot of home for the money.

Listed at $ _____

Another Westbrook Realty SOLD Home!

Three Bedrooms…………………check

Two Baths…………………………..check

Hardwood Floors……………..…check

Remodeled Kitchen………….…check

All Appliances included………check

Ceramic Tile Floors……………..check

Finished Rec Room Down……check

Two Stall Garage…………………..check

Fenced Backyard…………………..check

Central Air Conditioning………check

Roof looks good……………………check

Newer furnace……………………..check

New Hot Water Heater………..check

Master Suite………………………..check

Easy Access to Expressway..check

You can see lots of pictures of this home at our website:

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Why You Should Buy a House Video

Posted on September 16, 2009 by Terry & Bonnie

Why You Should Buy a House Video

If you are renting and sharing an apartment with room-mates, this video will give

you a few laughs. It might inspire you to buy a home and take advantage of the

First Time Home Buyer Tax Credit up to $8000. There are still bargains to be

had and home inventories are still fairly high. Overall home prices are down

to 1998 levels but we have seen keen competition on well priced homes in great condition.

[youtube=http://www.youtube.com/watch?v=D2nC4g_fAp8&hl=en&fs=1&rel=0]

Contact me for details about this program.

1-888-240-1968 ext 0

Video courtesy of Michigan Association of Realtors

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

New Listing on Stonewater Country Club, Caledonia Michigan UPDATE: Sold in 4 days!

Posted on September 15, 2009 by Terry & Bonnie

Sometimes a listing comes along that is so wonderful, you wish you could clone it. The new listing we have on the 4th Green of Stonewater Country Club is that kind of listing. The owners have improved their new home for the last 6 years and weren’t planning on being transferred out of state. This is a fantastic home with so many extra amenities, it is difficult to list them all here.

If you are a Garage Guy, you will love this garage – it has a gas space heater,electrical connector for emergency electrical generator hook up,utility sink with hot cold water plumbing, central vacuum outlet, additional garage lighting, storage area in garage attic, and epoxy painted floor with industrial quality floor mats. The yard has extra motion detector security lights on the sides and rear of the home, an electronic pet fence, resurfaced driveway, decorative stamped concrete entrance walk and underground sprinkling with a wireless rain gauge.

Composite Deck and an custom brick patio in the backyard to enjoy

the view of the 4th green at Stonewater CC.

The interior has had the same attention to detail that the exterior has

had. Additions are hardwood floors, granite countertops, custom window

treatments, and a finished basement with full bath, recreation room with

wet bar, and a Media/Home Theater Room.

This home at 7482 Misty Morning Drive in Caledonia Michigan has 4 bedrooms,

3 1/2 baths, and over 4000 square feet of finished living space.

Listed at $273,500 MLS # 766863

Call me at 616-292-7263 for a private showing or email me at

terry@terrywestbrook.com

Westbrook Realty Grand Rapids Real Estate

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Posted on September 13, 2009 by Terry & Bonnie

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. There is a new proposed 80 unit condo site – Villas of Ada

and Stone Falls of Ada – a 210 unit apartment complex, currently

under construction here. Both of these new developments are quite

close to Adacroft Commons.

Adacroft Commons Real Estate

August 2009 Market Report

2 Sold, 3 For Sale, 0 Expired, 0 Pending

Adacroft Commons Active Listings: 3

Adacroft Commons Active Price – $183,233

Adacroft Commons Active Price/SqFt – $124.32

Adacroft Commons Active Days on Market -70

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 187,00

Adacroft Commons average sold price/SqFt – $95.99

Adacroft Commons average sold days on market -13

Adacroft Commons Expired Listings: 0

There are only 3 current homes for sale in Adacroft Commons

listed on the local MLS board. This is a desirable area

to live, with its close proximity to Forest Hills Central Middle &

High Schools. In the above stats you can see that homes are

selling for under $100/SqFt. This neighborhood hasn’t seen any sales

since April 2009, so activity has slowed considerably. Homes that

are in great condition and priced appropriately have the best

chance of selling in this buyer’s market.

Ada Michigan Real Estate

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly.

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Adacroft Commons Entrance Photo 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Posted on September 13, 2009 by Terry & Bonnie

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters. It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes. Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings. Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

Leslie E Tassell Park Cascade MI

Tamarron Residential Real Estate

August 2009 Market Report

2 Sold, 7 For Sale, 6 Expired

Tamarron Active Listings: 7

Tamarron Average Active Price – $ 417,671

Tamarron Average Active Price/SqFt – $ 131.93

Tamarron Average Active Days on Market – 96

Tamarron SOLD Listings: 2

Tamarron Average Sold Price – $ 202,000

Tamarron Average Sold Price/SqFt – $ 79.07

Tamarron Average Sold Days on Market – 66

Tamarron Expired Listings: 6

Tamarron Average Expired Price – $ 533,150

Tamarron Average Expired Price/SqFt – $ 146.55

Tamarron Average Expired Days on Market – 147

At the current selling rate, we have a 28 month supply of homes

on the market in Tamarron in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $80.00 a sq ft. This is a substantial price reduction for

this area. As you can see, the current sellers think their homes

will sell at $ 130-150/sq ft. The two homes that have sold since

January might be distress sales or foreclosed homes. List prices

have been reduced but still not a lot of activity in this area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be under $100 a sq ft or

less to see your home sold.

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%)live in a single family home, and the median

value is $220,00. Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290. Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

Cascade Township Michigan Real Estate

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly: terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Photo of Leslie Tassell Park 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

Posted on September 13, 2009 by Terry & Bonnie

Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids.

Home construction started here in the 1960’s housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban sub-

division area has been a desirable place to live in the Grand Rapids home

market for many years.

Hidden Hills, Cascade Township

Neighborhood Real Estate Market Report

August 2009

4 For Sale, 7 Sold, 3 Pending, 3 Expired

Hidden Hills Active Listings 4

Hidden Hills Average Active Price: $ 432,475

Hidden Hills Average Active Price Per Sq Ft: $ 147.46

Hidden Hills Active Average Days on Market: 77

Hidden Hills Sold Homes 7

Hidden Hills Average SOLD Price: $ 232,500

Hidden Hills Average SOLD Price Per Sq Ft: $ 102.93

Hidden Hills Average SOLD Days on the Market: 54

Hidden Hills Pending Homes: 3

Hidden Hills Expired Homes: 3

Hidden Hills Average Expired Price: $ 336,567

Hidden Hills Average Expired Price Per Sq Ft: $127.98

Hidden Hills Average Expired Days on the Market: 174

The current absorption rate is 1.6 months, which means we have

a 1.6 month supply of homes in the Hidden Hills market, IF no new

homes enter the market and homes sell at the current rate.

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

bounced back somewhat from this spring’s lows of under $90 a square

foot. Time on the market has decreased slightly and 16 homes have

sold since the first of the year. Prices are still below market highs of

a few years ago but this is still a popular place to live in the the

Forest Hills School District.

Forest Hills School District Average Sold Home Prices last 5 years:

2008 – $ 279,709

2007 – $ 269,445

2006 – $ 300,691

2005 – $ 282,173

2004 – $ 268,072

Cascade Township Michigan Real Estate

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

photo of Leslie E Tassell Park 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

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

Posted on September 12, 2009 by Terry & Bonnie

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.

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

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Neighborhood Real Estate Report Watermark Residences August 2009

Posted on September 12, 2009 by Terry & Bonnie

Cascade Township Michigan Neighborhood Real Estate Market Report Watermark Residences August 2009

The Residences at Watermark are located on Watermark Golf Course

just south of Cascade Road. Yes, I play Watermark golf course every chance

I get. Watermark is a premier course with friendly players.

It has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

watermark residences entrance grand rapids mi

Watermark Residences

August 2009 Real Estate Market Report

For Sale: 9

There are 9 active Watermark Homes currently on the market.

The median Watermark Homes current active price is $ 681,928

The average Watermark Homes current price per sq ft is $ 256.41

The average days on the market for active Watermark Homes is 122

The high price is $ 2,700,000 and the low price is $ 384,900.

Sold: 3

There have been 3 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 454,667

The average Watermark Sold Homes price per sq ft is $178.70

The average days on the market for Watermark Sold Homes is 167.

Pending: 0

Expired: 7

At the current rate of sales, we have a 24 month Absorption rate at the

Watermark Residences. This means that it will take 24 months for the

current listed homes to sell based on the current rate of sales.

Watermark buyers don’t seem very interested at the present prices.

The listed avg. price/square foot is about $70 more than the 3 sales

so far this year. The $2.7 million home does inflate the figures but

price/sq ft should be similar. Summer has seen some activity here, but

overpriced homes just aren’t selling no matter where they are located.

Additional articles about Watermark Residences:

Cascade Township Michigan Real Estate

Watermark Country Club

Watermark CC Golf Pro ~ Mark Wilson

The Grille Restaurant at Watermark

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

_____________________________________________________________________________

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

OUR FLICKR PHOTOSTREAM

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Monthly Archives: September 2009

Caledonia Michigan Real Estate Market Report August 2009

Are You Up for a Nature Safari Sept 19, 2009??

Ada Township Park Participates in Connecting Families with Nature Saturday Sept 19, 2009 ~ Free Ada MI Event

NE Grand Rapids Bungalow Updated & Ready for New Owners

Listed at $ _____

Another Westbrook Realty SOLD Home!

Why You Should Buy a House Video

Why You Should Buy a House Video

New Listing on Stonewater Country Club, Caledonia Michigan UPDATE: Sold in 4 days!

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

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

Cascade Township Michigan Neighborhood Real Estate Report Watermark Residences August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Watermark Residences August 2009