Forest Hills Michigan Real Estate Market Report Jan – July 2015
by Terry Bonnie Westbrook
Forest Hills is a public school district in Ada–Cascade Michigan.
This local real estate market is always active. A Grand Rapids suburban
community that has wonderful neighborhoods, some new, some older.
It boasts Top Ranked Forest Hills Public Schools, private schools, and
a suburban life style that attracts many home owners.
2015 Real Estate Market Activity January – July
Active Listings = 254
From $ 66,500 to $ 2,600,000
Median List Price: $ 399,900
Sold Homes = 546
Median Sold price – $319,900
Forest Hills home prices are on the rise, as are the
number of sales for 2015 compared to the last 6 months
of 2014, with a 16% rise in sold homes. Especially in the
lower price ranges, finding a good house to buy under
$300,000 is getting difficult, under $100,00 is almost
impossible. Be prepared for competitive bidding if
you are a lower price bracket home hunter. Or be ready
for extensive home remodeling and updates.
The inventory of older homes far outweighs new
construction, only 33 of the 254 homes available
in Forest Hills are new homes.
If your home needs updates or repairs, do not expect
competitive bidding, unless bargain priced. The home will eventually
sell, but not at the full market price it would get if updates were
already done. For many home sellers, this is not an option,
so home bargains are out there. Be prepared, not only will you
be putting in sweat equity, but they may not be financeable
through all lenders.
Call Terry if you are interested in buying or selling a Forest Hills home.
He has over 40 years of experience in selling and buying West Michigan
and Forest Hills homes. If you are a seller, he can provide valued advice
on what to update and what not to update to get your home sold quickly.
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 2015 All rights reserved
_____________________________________________________________________________
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!