Forest Hills Michigan Real Estate Market Report 2013 Year in Review
by Terry & Bonnie Westbrook
Forest Hills is a school district in Ada–Cascade Michigan
real estate market that is always active. This Grand Rapids suburban
community has wonderful neighborhoods, some new and some older
with Top Ranked Forest Hills Public Schools, private schools, and
a life style that attracts many home owners.
2013 Real Estate Market Activity
Under $250,000 Homes:
Current Listings = 75
Pending Home Sales = 37
Sold Homes = 417
Average Sold price – $169,791
$ 250,001 and Up Homes:
Current Active Listings = 118
Pending Sold Homes =27
Sold Homes = 450
Average Sold Price = $ 432,992
Average home prices have increased in the upper category
and decreased slightly in the lower category. Home inventory is also
low. Compared to 6 months ago, less homes are listed and the rock
bottom prices of a few years ago are disappearing.
The average selling price/square foot for under $250K
is $ 111.00; $ 159.00 for over $ 250K category homes in Forest Hills.
Home inventory is moving a little faster in the higher bracket.
Distressed sales were fewer this year, about 46 homes under $100k
were sold.
Good news for Forest Hills home sellers, though prices are rising,
interest rates are still low for buyers. If you have been waiting for prices to
get back on the upswing, now is the right time to get your home on the market.
Call Terry if you are interested in buying or selling a Forest Hills home.
He has over 40 years of successful selling and buying West Michigan
and Forest Hills homes.
SEARCH FOREST HILLS HOMES
Additional Forest Hills Articles:
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 Home, please contact me directly.
Copyright 2014 All rights reserved
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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