Forest Hills Michigan Real Estate Market Report

September – February 2016

 

by Terry and Bonnie Westbrook

2016 Real Estate Market Activity Forest Hills

Sept. 2015 – Feb. 2016

Active Listings = 148      From $ 50,000 to $ 2,600,000

Pending Listings – 126

Sold Homes = 418

Average Sold price:  $50,000 – 239,000 = $185,000

Average Sold price:  $240,000 – 350,000 = $228,619

Average Sold price:  $351,000 – $3,000,000 =$ 485,000

 

Forest Hills home prices are on the rise, but not the 

home inventory.  Twenty percent fewer homes are on the

market this year compared to last year, which affects sold

figures and comparables.

 

 Especially in the lower price ranges, finding an updated, 

attractive  house to buy under $200,000 is very

competitive, and under $100,00 is very rare in 2016.

 

 Be prepared for competitive bidding if you are a

lower price bracket home hunter.  Be ready for extensive

home remodeling and updates, or learn to love vintage.

The inventory of older homes far outweighs new

construction available in Forest Hills.

 

Forest Hills is a public school district in Ada–Cascade Michigan.

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.

 

Call Terry about buying or selling a Forest Hills home.

If you are a seller, he can provide valued advice on what

updates pay off and which don’t.   616-292-7263

 

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 2016 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!