Forest Hills Michigan Neighborhood Real Estate Market Report ~ Clements Mill ~ May 2009

Clements Mill is a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada’s Clements Mill has seen steady to declining values in the short

time it has been built out. This is largely due to the current over

abundance of houses for sale in a soft resale market.

Clements Mill Market Report

May 2009

6 Sold, 5 For Sale, 3 Expired

bike trail on Ada Dr ada mi

Clements Mill Active Listings: 5

Average Active Price: $262,900

Average Active Price/SqFt: $138.42

Average Active Days on Market: 113

Clements Mill Sold Listings: 6

Average Sold Price: $221,950

Average Sold Price/SqFt: $101.43

Average Days on Market: 89

Clements Mill Expired Listings: 3

Absorption Rate for Clements Mill homes is averaging

4 months, which is a low rate for Grand Rapids. List prices

are about $40K above sold prices, which could be why

days on the market are high for active listings.

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. There is a new proposed 80 condo units – Villas of Ada

and Stone Falls of Ada – a 210 unit apartment complex, currently

open & under construction here. The Stone Falls of Ada apartment

project is adjacent to Clements Mill.

If you have detailed questions about Ada Homes, Forest Hills

Homes or just need further information, please contact me

directly: terry@terrywestbrook.com or call 1-888-240-1968 x 0

Ada Drive Walking Trail Photo by Bonnie Westbrook

Grand Rapids Real Estate