Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills is actually a school district in Ada – Cascade MI. This market

is always active. These 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 April 1, 2009  to July 30, 2009 real estate

market activity.

          Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 13.3 months, which means if no

new listings come on the market, it will take 13.3 months to sell the existing

$ 300K+ homes at the current rate of sale.  This rate is down significantly

from  last month, sold prices are inching upward.  Inventory is down slightly,

but sales are holding fairly steady. Your Forest Hills home has a good chance

to sell if it is in good condition and priced correctly.

 

$300,000+ Homes

227 Active Forest Hills Listings

Average price of $626,539

Average price/square foot $202.82

Low price of $305,000

High price of $2,700,000.

Sold Forest Hills Listings 50

Average sold price $478,188

Average Sold price/sq ft $ 162.00

Lowest sold price $310,000

Highest sold price $1,100,000

Pending Listings 18

Forest Hills Active Listings $50,000 – $300,000

The Absorption rate for Forest Hills homes in this price range is 5.47

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 5.47 months to sell all current inventory.

This is down from last month, but still within normal range.

Forest Hills Active Listings 230

Average Active  Price $208,088

Average Active Price/SqFt $118.34

Average Active Days on the Market  105

High Active Price $300,000

Low Active Price $59,900

Sold Forest Hills Listings 119

Average Sold Price  $195,384

Average Sold Price/sq ft $101.73

Average Sold Days on the Market 89 Days

High Sold Price  $300,000

Low Sold price is $53,000

Pending Sales 49

Market Synopsis: Although the absorption rate is one of the lowest in

the area, for the under 300K homes, this market area is finally seeing

some stabilization in market prices.  With less active listings coming on

the market, competition will be tighter for Forest Hills buyers.

 

Forest Hills MI Top Best Buy Homes ~ July 2009

 Forest Hills RE Market Reports 2009

Forest Hills Michigan Public Schools Update 2009

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly:

email: terry@terrywestbrook.com

ph. 1-888-240-1968 x 0

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook