Ada Michigan Neighborhood Real Estate Report
Clements Mill April 2010
Clements Mill is a newer home development built by Eastbrook
Construction in the Ada MI area, started in 1999 and completed in
2003. Apart from newer homes, part of the appeal is the proximity
of Forest Hills Central Middle and High Schools, Forest Hills
Woodlands 5/6 School, St Roberts & Ada Christian Schools, which
are a short distance away.
Clements Mill is midway between the Village of Ada and Forest Hills
shopping area at Cascade Road and Forest Hills.
Ada’s Clements Mill has seen steady to declining values in the short
time it has been built out. This is largely due to the current housing
economy where all area homes have suffered a decline in value. This
subdivision continues to be a desired location for local residents.
Clements Mill Market Report Jan – April 2010
3 Sold, 0 Pending, 5 For Sale, 3 Expired
Clements Mill Active Listings: 5
Average Active Price: $279,520
Average Active Price/SqFt: $125.22
Average Active Days on Market: 51
Clements Mill Sold Listings: 3
Average Sold Price: $213,967
Average Sold Price/SqFt: $124.61
Average Days on Market: 125
Clements Mill Expired Listings:3
Absorption Rate for Clements Mill homes is averaging
4 months, which is a low rate for the Grand Rapids area.
Average list price is higher that average sold price,
which means that the current active homes are probably
larger than the sold homes, as price per square foot is similar.
Additional Forest Hills Articles:
Forest Hills Michigan Real Estate Reports 2010
Search for Forest Hills MI Homes
If you have questions about Ada Homes, Forest Hills
Homes or just need further information, please contact me
directly: terry@terrywestbrook.com or call 1-616-292-7263
photo by Bonnie Westbrook
Forest HIlls Michigan
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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