Ada Woods Neighborhood Real Estate Market Report ~ Grand Rapids Michigan Jan 2009

Ada Woods is an established development of homes in Ada, Michigan,

just west of Ada and south of Fulton Street (M46). Ada Woods started

out as an E.L. Ladd development, but towards the end of the project

many lots were sold to other builders and completed by individual owners.

The dates of building range from 1980’s to 2005. Most of the homes

have more square footage and more amenities than Adacroft Commons,

its adjacent neighborhood. As with Adacroft Commons, there is designated

common land in the development that remains heavily wooded and in a

natural state. This development is in the Forest Hills School System and

close to Ada Christian & St Roberts private schools.

Ada Woods Real Estate Market Report

January 2009

6 Sold, 2 For Sale, 9 Expired

Fall in Ada MI

Ada Woods Active Listings: 2

Ada Woods Average Active Price – $ 278,950

Ada Woods Average Active Price/SqFt – $129.51

Ada Woods Average Days on Market – 142

Ada Woods SOLD Listings: 6

Ada Woods Average Sold Price -$ 313,567

Ada Woods Average Sold Price/SqFt – $121.37

Ada Woods Average Sold Days on Market – 119

Ada Woods Expired Listings: 9

Ada Woods Average Expired Price – $ 319,678

Ada Woods Average Expired Price/SqFt – $ 135.51

Ada Woods Average Expired Days on Market – 162

MARKET SYNOPSIS: The average sold price is the same as last month

but down about 8% from November. The average asking price has went

down about 20% from last month. The expired listings are up which tells

me that some sellers have given up trying to get their price for now.

If you don’t have your Ada Woods home priced about $ 120 a sq ft,

you will be waiting for a stronger sellers market to sell your home.

If you have any questions about Grand Rapids or Ada Homes,

please contact me directly.

Fall Color photo in Ada Mi photo by Bonnie Westbrook

Grand Rapids Real Estate