Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010
Cascade Woods is an established neighborhood of large, executive
style homes in Cascade Township, MI. Most of these homes were
built in the 1960’s and 1970’s, although there are a few newer
homes that were built recently in the area. Close to the village of
Cascade and the Thornapple River, this heavily wooded area has
been a Grand Rapids desired suburban place to live for decades.
Part of the Forest Hills Public School District, which draws many
families, there is also the river and it’s picturesque appeal. The
drive down Thornapple River Drive between Ada and Cascade in
the fall is one of the prettiest drives in the greater Grand Rapids area.
More information about this Cascade Woods Home on our web site.
Cascade Woods Market Report Jan – April 2010
10 Homes For Sale, 0 Pending, 1 SOLD, 5 Expired
Cascade Woods Active Listings: 10
Cascade Woods Average price – $386,260
Cascade Woods Average $/SqFt – $141.29
Cascade Woods Average days on market – 116
Cascade Woods Sold Listings: 1
Cascade Woods average price – $211,000
Cascade Woods average $/SqFt – $ 81.40
Cascade Woods average days on market – 135 days
Cascade Woods Expired Listings: 5
The Absorption Rate for Cascade Woods Homes is 40 months,
Which means if no new listings come on the market, it will take
3.3 years to sell the existing inventory. The average sold price
has actually risen but one sale doesn’t make a trend.
This could reflect foreclosures, short sales, and homes in dated
condition that have sold over the last 12 months. The average list
price has decreased by over 9% since 2009. Only 1 Cascade Woods
home has sold since this year, so far.
Today’s buyers do not want to do ANY updates, which includes
painting, new kitchens & baths, and new flooring. If your Cascade
Woods home hasn’t sold, it is probably condition, which gets
us back to price. If you don’t want to improve your home, you
won’t get the same price as people who have updated and kept
their home current according to recent trends.
Forest Hills Michigan Real Estate Reports ~ 2010
If you would like further information about Grand Rapids or
Cascade Homes, please contact me directly.
photo 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 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