Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2010
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 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 in Adatowne (about
1000 sq ft) sold for $ 19,900 in 1975.
Adatowne Residential Neighborhood in Ada, Michigan
Jan- December 2010 Real Estate Market Report
4 Sold, 0 Pending, 1 For Sale
Adatowne Active Listings: 1
Adatowne Pending: 0
Adatowne Sold Listings: 4
Average Sold Price – $ 129,732
Average sold price/SqFt – $92.46
Average Sold days on market –205
Absorption Rate = 3 months
MARKET SYNOPSIS: With only one listing currently, it looks
like not much inventory to choose from in this popular
neighborhood. Price per square foot has went up for sold
homes this year, though average sold price went down by 3%.
With home buyers still in the driver’s seat, price and condition
continue to tell the “sold” story.
SEARCH FOREST HILLS HOMES
Additional Ada Michigan Articles:
Ada Michigan Real Estate Reports
If you would like more information about Ada or Grand Rapids
Homes, please feel free to contact me directly.
Grand Rapids Ada MI Real Estate – Westbrook Realty
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Photo of Ada MI Walking Trail by Bonnie Westbrook
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