Forest Hills Michigan Real Estate Market Report Jan-March 2011
Forest Hills is actually a school district in Ada–Cascade real
estate market that is always active. These 2 Grand Rapids suburban
communities have wonderful neighborhoods, some new and some older
with Top Ranked Forest Hills Public Schools and private schools,
such as Ada Christian & St Roberts that attract many home owners.
This report will cover the first quarter 2011 real estate market activity.
Forest Hills Jan- March 2011 Real Estate Market Report:
Active Listings – 288
Average Sold Price – $ 301,188
Pending – 92
Sold – 115
DOM – 106
% Sale Price to List Price – 94.01%
Absorption Rate: 4.17 Months
Please bear in mind that this report is all about averages.
It will probably take a $1,000,000 home longer to sell than one listed
at $199,000. Even though there are many multi-million dollar homes
in this district, the majority of homes are under $400K with the
average sold price at $300K.
The Absorption Rate at 4.17 months means that it will take about
4+ months for the current inventory of homes to sell, if selling at the
current rate. This is considered a normal market. Real estate is
selling in the Forest Hills district.
Additional Forest Hills Articles:
SEARCH FOREST HILLS HOMES
Forest Hills Real Estate Market Reports
Forest Hills District Ranks Top in State
Forest Hills District Posts MEAP Scores
If you would like specific information about an Ada Cascade or
Forest Hills MI Homes, please contact me directly.
Copyright 2011 All rights reserved
Photo of Forest Hills Northern Trails School 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. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263