Forest Hills Michigan Top Best Buy Homes – Feb 2010

Forest Hills Michigan Top Best Buy Homes – Feb 2010

We have gathered a list of the Top Best Forest Hills Houses

(Ada-Cascade) to buy, based on price per square foot.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

The homes listed below are probably dated and would need

updating with new carpeting, paint, and kitchen – bath redos

at a minimum to bring them to current market standards.

They might need major repair work done, such as new roofs,

new plumbing, electrical & other major mechanicals.

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

The total square footage is noted here, although only the

main floors are used to figure price per square foot, not the

basement, even if finished.

meadowbrook elementary school forest hills mi

The list of Top Best Buy Homes for  February 2010 is 22 properties.

The lowest price/Sq Ft for homes range from $36.82 to $79.07 in

Forest Hills.

Lowest list price is $54,900

Highest list price is $273,000

February 2010 homes in Forest Hills School District:

This list could include properties in Ada Township, Cascade

Township, Grand Rapids Township, Lowell Township, and the

city of Kentwood.

WARNING: Some of these homes may be bank owned foreclosures, short

sales and not habitable as is or available for a mortgage in present condition.

The Top Forest Hills Homes to Buy by Price per Square Foot:

2650 Knightsbridge Rd   $ 54,900       845 Sq Ft     $64.97/SqFt

2657 Chatham Woods    $ 63,900       1056 Sq Ft    $78.12/SqFt

2695 Chatham Woods    $ 64,500        820 Sq Ft    $78.66/SqFt

6217 Acropolis Dr          $74.900      1316/SqFt     $67.11/SqFt

6381 Wainscot Dr SE     $75,000      1116 Sq Ft     $67.20/SqFt

2997 Chapshire Dr          $79,900      1116 Sq Ft     $71.59/SqFt

3181 Charlevoix Dr         $80,000     1083 Sq Ft     $73.87/SqFt

5505 Whitneyville SE     $83,900     1536 Sq Ft     $54.62/SqFt

6351 Wainscot Dr SE     $84,900      1116 SqFt      $76.08 /SqFt

2201 Shady Dr NE          $90,000     2444 Sq Ft     $36.82/SqFt

3914 Cascade Rd SE     $94,900     1240 Sq Ft    $76.53/SqFt

2049 Rowland Ave       $ 99,900    1280 Sq Ft    $78.05/SqFt

1791 Grand Ct NE       $118,900     1600 Sq Ft   $74.31/SqFt

1787 Park Trail NE      $119,900     1600 Sq Ft   $74.94/SqFt

1773 Park Trail NE      $121,900     1600 Sq Ft   $76.19/SqFt

2328 Dean Lake Ave  $129,900    2757 Sq Ft    $47.12/SqFt

2309 3 Mile Rd           $149,900    3340 Sq Ft    $70.54/SqFt

7485 Candlewood Dr  $172,900    2933 Sq Ft   $58.95/SqFt

4662 E Forest Dr        $174,900   3212 Sq Ft   $79.07/SqFt

205 Shore Haven Dr   $209,900   2672 SqFt    $78.56/Sq Ft

5739 E Fulton St        $254,900   4557 Sq Ft   $71.16/SqFt

8801 Fulton St E        $273,000   4132 Sq Ft   $66.07/SqFt

If you would like to see a particular Top Best Buys Forest Hills

Home, please contact us at 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

Map picture

_____________________________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities,plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Watermark Residences Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Forest Hills Michigan Top Best Buy Homes – January 2010

Forest Hills Michigan Top Best Buy Homes – January 2010

We have gathered a list of the Top Best Forest Hills Houses

(Ada-Cascade) to buy, based on price per square foot.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

The homes listed below are probably dated and would need

updating with new carpeting, paint, and kitchen – bath redos

at a minimum to bring them to current market standards.

They might need major repair work done, such as new roofs,

new plumbing, electrical & other major mechanicals.

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

The total square footage is noted here, although only the

main floors are used to figure price per square foot, not the

basement, even if finished.

meadowbrook elementary school forest hills mi

The list of Top Best Buy Homes for  January 2010 is 23 properties.

The lowest price/Sq Ft for homes range from $36.82 to $78.05 in Forest Hills.

The lowest list price is $54,900 and the highest list price is

$288,900 for January 2010 homes in Forest Hills School District.

This list could include properties in Ada Township, Cascade

Township, Grand Rapids Township, Lowell Township, and the

city of Kentwood.

WARNING: Some of these homes may be bank owned foreclosures, short

sales and not habitable as is or available for a mortgage in present condition.

The Top Forest Hills Homes to Buy by Price per Square Foot:

8245 Fulton St E             $54,900      1124 Sq Ft    $48.84/SqFt

2657 Chatham Woods    $63,900       1056 Sq Ft    $78.12/SqFt

2695 Chatham Woods     $64,500        820 Sq Ft    $78.66/SqFt

2650 Knightsbridge Rd   $ 64,900       845 Sq Ft     $76.80/SqFt

2997 Chapshire Dr          $79,900      1116 Sq Ft     $71.59/SqFt

6217 Acropolis Dr          $79.900      1316/SqFt     $71.59/SqFt

6381 Wainscot Dr SE     $80,000      1116 Sq Ft     $71.68/SqFt

6351 Wainscot Dr SE     $84,900      1116 SqFt      $76.08 /SqFt

5505 Whitneyville SE     $84,900     1536 Sq Ft     $55.27/SqFt

2201 Shady Dr NE          $90,000     2444 Sq Ft     $36.82/SqFt

2049 Rowland Ave       $ 99,900    1280 Sq Ft    $78.05/SqFt

1791 Grand Ct NE       $118,900     1600 Sq Ft   $74.31/SqFt

1787 Park Trail NE      $119,900     1600 Sq Ft   $74.94/SqFt
1773 Park Trail NE      $121,900     1600 Sq Ft   $76.19/SqFt

4950 Knapp St NE      $134,900    1890 Sq Ft    $71.38/SqFt
6707 Adaridge Dr       $139,900    1828 Sq Ft    $76.53/SqFt
2328 Dean Lake Ave  $149,900    2757 Sq Ft    $54.37/SqFt

2309 3 Mile Rd           $149,900    3340 Sq Ft     $70.54/SqFt

3206 Oak Hollow Dr    $159,900    2509 Sq Ft    $63.73/Sq/Ft

6769 Woodbrook Dr   $169,900   2247 Sq Ft   $75.61/SqFt
4662 E Forest Dr        $174,900   3212 Sq Ft   $79.07/SqFt
5739 E Fulton St        $254,900   4557 Sq Ft   $71.16/SqFt

8801 Fulton St E        $288,900   4132 Sq Ft   $69.92/SqFt

More Forest Hills Michigan Real Estate Market Articles

If you would like to see a particular Top Best Buys Forest Hills

Home, please contact us at 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com
____________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Affordable Grand Rapids Holiday Housing at the Prince Center ar125812218972939 Affordable Grand Rapids Holiday Housing at the Prince Center ar125812225271331 Affordable Grand Rapids Holiday Housing at the Prince Center

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

East Grand Rapids and Forest Hills Schools Face Large Budget Cuts in 2010 -2011

East Grand Rapids and Forest Hills Schools Face Large Budget Cuts in 2010-2011

We are on the front lines of property values and were well aware this day

would come. We have seen property values fall from 15-30% in the past

3 years for local communities. ( Read our Blog post about home values)

The effects of this devaluation still has shock value  for many  living in

our local areas.  We have watched poorer school districts struggle  to

allocate funding with the financial news from Lansing being dire and

changing constantly.  It has now started to hit our more affluent areas

and these parents are confused and angry.

See comments on this Mlive article about East Grand Rapids cutting their
budget with more cuts to come.

Ada Elem sign

We attended the Forest Hills Superintendant’s meeting last fall about

a $10 million dollar projected shortfall in their 2010-2011 school budget.

They are not getting any definite answers from the state on what cuts

will be until after they set their annual budget ( This is truly bizarre but

the state government runs its own show).

Both East Grand Rapids and Forest Hills have fixed costs because of

teacher and staff contracts. Our understanding is that these are about

70% of the budget in Forest Hills. [See FHPS Funding Facts }  Dan Behm,

the Forest Hills Superintendant told our group of concerned citizens

that if he eliminated transportation and sports, that there would

still be $3 million shortfall and he would have to look for another job

because of angry parents.

We don’t offer any solutions, but we do need to look at all items on

the budget. Nothing is sacrosanct, not  teacher salaries, retirement

or healthcare. The same belt-tightening and elimination of non-essential

items that has affected business and personal budgets for the last 3 years

and longer in the state of Michigan is reducing funds for public services

in our state.

FHPS Funding Facts

____________________________________________________________________________

_____________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Affordable Grand Rapids Holiday Housing at the Prince Center ar125812218972939 Affordable Grand Rapids Holiday Housing at the Prince Center ar125812225271331 Affordable Grand Rapids Holiday Housing at the Prince Center

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report Jan–Dec 2009

Forest Hills Michigan Real Estate Market Report Jan-Dec 2009

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 2009 real estate market activity.

Forest Hills Eastern High school Ada Township MI

Forest Hills MI Listings $ 500,000+

Not much demand and lots of time on the market in the higher price

brackets of Forest Hills with a 24 month Absorption Rate, which

means it would take 24 months for the current inventory to sell.

Active Listings – 88

Average Price – $ 834,266

Pending – 1

Sold – 43

Average sold price: $ 684,349

Average Sold/Sq Ft: $198.52

Forest Hills MI Listings  $250,001 – 499,999

The absorption rate for Forest Hills MI is 9.3 months, which means if no

new listings come on the market, it will take 9.3 months to sell the existing

$250K-499K homes at the current rate of sale.  This rate is down significantly

from  mid summer rates, sold prices are still inching downward.  Inventory is

down slightly, but sales are holding fairly steady. We aren’t back to a normal

market time of 3-6 months yet, but we are heading in that direction.

Forest Hills MI Active Listings $250,000 – $499,999

Active Forest Hills Listings: 136

Average price of $358,876

Average price/square foot $160.53

Low price of $254,500

High price of $499,900.

Sold Forest Hills Listings: 152

Average sold price $334,883

Average Sold price/sq ft $ 137.17

Pending Listings: 23

Forest Hills Active Listings $50,000 – $250,000

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 145

Average Active  Price $182,930

Average Active Price/SqFt $113.75

Average Active Days on the Market  120

High Active Price $250,000

Low Active Price $54,900

Sold Forest Hills Listings 266

Average Sold Price  $ 167,044

Average Sold Price/sq ft $95.11

Average Sold Days on the Market 90 Days

High Sold Price  $250,000

Low Sold price is $50,100

Pending Sales 29

More Forest Hills Articles:

Forest Hills Real Estate Market Reports

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

_____________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Ada Michigan Neighborhood Real Estate Market Report – Adacroft Commons Jan-Dec 2009

Ada Michigan Neighborhood Real Estate Market Report -AdaCroft Commons  Jan-Dec 2009

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

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

2000. The new 80 unit condo site – Villas of Ada and Stone Falls of Ada

– a 210 unit apartment complex, currently under construction here.

Both of these new developments are quite close to Adacroft Commons.

Adacroft Commons Real Estate

Jan-Dec  2009 Market Report

2 Sold, 4 For Sale, 1 Expired, 1 Pending

Adacroft Commons Entrance Ada MI 49301

Adacroft Commons Active Listings: 4

Adacroft Commons Active Price – $174,200

Adacroft Commons Active Price/SqFt – $120.46

Adacroft Commons Active Days on Market -61

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 187,00

Adacroft Commons average sold price/SqFt – $95.99

Adacroft Commons average sold days on market –13

Adacroft Commons Pending Listings: 1

Adacroft Commons Expired Listings: 1

There are 4 current homes for sale in Adacroft Commons neighborhood

listed on the local MLS board.  This is a desirable area to live, with its

close proximity to Forest Hills Schools & Ada Christian School.

Market Synopsis: Adacroft Commons Homes are selling for under $100/SqFt.

This neighborhood Absorption Rate is 16 Months, sales activity has slowed

considerably.  Homes that are in great condition and priced appropriately

have the best chance of selling in this buyer’s market.

Forest Hills Michigan Real Estate Market Reports

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly.

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Copyright 2009 All rights reserved

Adacroft Commons Entrance Photo by Bonnie Westbrook

_____________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report – Adatowne – Jan-Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2009

Adatowne is a popular entry level home market in the Ada area of

the Greater Grand Rapids metropolitan area.

Part of the appeal is the proximity of Ada Elementary, Forest Hills

Central Middle and High Schools, Ada Christian Schools, St Roberts

School and being close to the village of Ada. Adatowne is an

established subdivision, started in the early 1970’s by E.L. Ladd

Builders of Ada.

I have held many open houses in these plats  and sold many of

the homes as new construction – to be built.

If you doubt the power of your home as an investment, a basic

ranch in Adatowne (about 1000 sq ft) sold  for $ 19,900 in 1975.

Ada Drive Ada Michigan

Adatowne Residential Neighborhood in Ada, Michigan

Jan- December 2009 Real Estate Market Report

7  Sold, 0 Pending, 2 For Sale, 3 Expired

Adatowne Active Listings: 2

Adatowne Average Active price – $132,450

Adatowne Active average price/SqFt – $87.71

Adatowne Active average days on market – 111

Adatowne Pending: 0

Adatowne Sold Listings: 7

Adatowne Average Sold Price – $ 134,400

Adatowne Average sold price/SqFt – $90.01

Adatowne Average Sold days on market –100

MARKET SYNOPSIS: Absorption Rate for Adatowne is 3.44 months,

which means it would take 3.44 months for the active listings to sell,

if no other homes entered the market, according to current sales

statistics.    Price per square foot has went up for both sold

and active listings this year, though average sold price went down

by $30K.  The market here was all over for price, topping at $133/SqFt

to a bargain $55 a sq ft.  The larger  homes brought the best price

per sq ft for sellers.  Condition continues to be the difference

between getting the best price and selling at rock bottom.

Additional Ada Michigan Articles:

Ada Michigan Real Estate Reports

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Grand Rapids Ada MI Real Estate – Westbrook Realty

Copyright 2009 All rights reserved

Photo of Ada MI  by Bonnie Westbrook

_____________________________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Real Estate Market Reports – Cascade Woods – Jan-Dec 2009

Cascade Township Michigan Real Estate Market Reports Cascade Woods Jan-Dec 2009

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960’s and 1970’s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple  River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for  decades.

Part of the Forest Hills Public School District, which draws many

families, there is also the river and it’s picturesque appeal.  The

drive down Thornapple River Drive between Ada and Cascade in

the fall is one of the prettiest drives in the greater Grand Rapids area.

Leslie E Tassell Park Cascade Township MI

Cascade Woods Market Report December 2009

8 Homes For Sale,  1 Pending,  10 SOLD, 14 Expired

Cascade Woods Active Listings: 8

Cascade Woods Average price – $427,100

Cascade Woods Average $/SqFt – $142.44

Cascade Woods Average days on market – 156

Cascade Woods Sold Listings: 10

Cascade Woods average price – $193,162

Cascade Woods average $/SqFt – $ 84.37

Cascade Woods average days on market – 89 days

Cascade Woods Expired Listings: 14


The Absorption Rate for Cascade Woods Homes is 7.33 months,

Which means if no new listings come on the market, it will take

7.33 months to sell the existing inventory.  The average sold price

per SqFt is still 40% less than the average Active list Price/SqFt.  This

is a definite increase since the last report in August, which was

24 moths.  Average sold price is still going down, but this could

reflect foreclosures, short sales, and homes in poor condition

that have sold over the last 12 months. The average list price

has increased by $133K because one of the listings in over $1 million

and time on the market has increased.

10 Cascade Woods homes have sold over the last year, only 2

of the 10 homes sold were over $100 a square foot.  This tells me

that homes in poor condition, read “dated” are pushing average

prices down in this area.

Today’s buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, and new flooring. If your Cascade

Woods home hasn’t sold, it is probably condition,  which gets

us back to price.  If you don’t want to improve your home, you

won’t get the same price as people who have updated and kept

their home current according to recent trends.

Forest Hills Michigan Real Estate Reports

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook

___________________________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812218972939 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812225271331 Forest Hills Michigan Top Best Buy Homes Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report Catamount Jan-Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report Catamount Jan-Dec 2009

Catamount properties are in the rolling hills adjacent to the

Grand River in the northern section of Ada Township in a gated

community with privacy and wooded acreage.  Executive style

homes with lots of room for entertaining and all the custom extras

that make a home luxurious are the norm here.  If you  are

searching for a prestigious address, this could be what you are

looking for, as it is one of the most affluent neighborhoods in the

Grand Rapids area.

Grand River Ada Michigan

Catamount Market Report Jan-Dec 2009

4 For Sale,  5 Sold, 8 Expired

Catamount Active Listings: 4

Catamount average active price – $712,425

Catamount average active price /SqFt – $ 200.72

Catamount average days on market – 75

Catamount SOLD Listings: 5

Catamount average sold price $ 592,350

Catamount average sold price/SqFt – $ 207.54

Catamount average sold days on market – 142

Catamount Pending Listings: 0

The Absorption Rate for Catamount Homes is 10 months, which means if no new listings

come on the market it will take10 months for the existing homes to sell at the current rate of sales.

The average sold price dropped in 2008 and into 2009.  The average list price is $100K higher

than current selling price.  5 homes sold in the last 12 months, with 4 homes for sale in this

neighborhood.  Prices have eroded from 3-4 years ago as is typical all over the area.

Foreclosure and short sale homes have likely affected the average price.  Homes on the upper

end of the market are slow to sell in the current economy, as the 5 sold and 8 expired homes

for this Ada neighborhood shows.

Additional Ada & Forest Hills Articles:

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

If you would like further information about the value of an Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0 or email: terry@terrywestbrook.com

___________________________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812218972939 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812225271331 Forest Hills Michigan Top Best Buy Homes Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report – East – West Village Jan–Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report East West Village Jan-Dec 2009

The East/West Village subdivision off  Ada Drive in Ada Township

is a fairly new development. The new housing construction started in 2005

and is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development.  Near both public and

private schools, East Village is also close to  Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada, Grand Rapids, and the

village of Cascade.

East Village is also close to the I96 expressway for easy access to many

different parts of our greater Grand Rapids area.  Large, executive style

homes with many amenities and extras are the rule in this neighborhood.

If you would like to start with a brand new house in Forest Hills,

this may be the place for you to call home.

Ada mi bike trail

Real Estate Market Report East-West Village Jan-Dec 2009

For Sale: 4

East Village Homes average list price: $ 462,450

East Village average price/sq ft (main floor): $ 159.36

East Village average days on the market:112 days

Pending Sales : 1

Sold Homes : 6

East Village SOLD homes average price: $ 413,983

East Village SOLD homes average price/sq ft: $146.43

East Village SOLD homes average days on market: 99 days

Expired: 10


Market Synopsis: East -West Village Homes are selling, if priced correctly.

Buyers are paying from $115-160/SqFt on the main floors, which is down from

last summer’s prices.  New construction is priced higher, so an existing

home should be priced lower per square foot than a new one.

The absorption rate for East -West Village is 8 months, which means

if no new homes enter the marketplace, it will take 8 months

for the current home inventory (4) to sell.  This is  high for the Ada – Forest

Hills area, it reflects the higher prices of the homes, even though

they are located in Forest Hills.  Higher priced homes are slow movers

on today’s market due to buyer’s jitters about further market devaluation.

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

If you would like further information about East or West Village, Ada, or

Grand Rapids Homes, please contact me directly.

photo of Ada Bike Trail  by Bonnie Westbrook

_____________________________________________________________________________________________________

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. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Clements Mill Neighborhood Real Estate Market Report ~ Jan- December 2009

Forest Hills Michigan Clements Mill Neighborhood Real Estate Market Report Jan-Dec 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 housing

economy where all area homes have suffered a decline in value. This

subdivision continues to be a desired location for local residents.

Bolt snowman

Clements Mill Market Report   Jan – December 2009


15  Sold,  1 Pending, 3 For Sale, 6 Expired


Clements Mill Active Listings: 3

Average Active Price: $175,233

Average Active Price/SqFt: $130.21

Average Active Days on Market: 131

Clements Mill Sold Listings: 15

Average Sold Price: $251,113

Average Sold Price/SqFt: $109.44

Average Days on Market: 73

Clements Mill Expired Listings: 6


Absorption Rate for Clements Mill homes is averaging

2.4 months, which is a very low rate for the Grand Rapids area.

Average list price is currently lower that average sold price,

which means that the current active homes are smaller and

priced below the homes that have sold this year.

Additional Forest Hills Articles:

Forest Hills Michigan Real Estate Reports

SEARCH FOR FOREST HILLS HOMES

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 1-616-292-7263

Snowman photo by Bonnie Westbrook

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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. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM