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

Posted on June 4, 2009 by Terry & Bonnie

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.

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

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

Grand Rapids Ada MI Real Estate Westbrook Realty

Ada Drive Walking Trail Photo by Bonnie Westbrook

Ada Michigan Neighborhood Real Estate Market Report ~ Adatowne ~ May 2009

Posted on June 2, 2009 by Terry & Bonnie

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

Ada Drive Ada Michigan

Adatowne Residential Neighborhood in Ada, Michigan

May 2009 Real Estate Market Report

4 Sold, 1 Pending, 2 For Sale

Adatowne Active Listings: 2

Adatowne Average Active price – $146,250

Adatowne Active average price/SqFt – $114.10

Adatowne Active average days on market – 130

Adatowne Pending: 1

Adatowne Sold Listings: 4

Adatowne Average Sold Price – $ 138,000

Adatowne Average sold price/SqFt – $ 103.84

Adatowne Average Sold days on market – 143

MARKET SYNOPSIS: Absorption Rate for Adatowne is 2 months,

which means it would take 2 months for the active listings to sell,

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

statistics. The market is hot in this neighborhood. This is the lowest

absorption rate of any local Grand Rapids neighborhood that on

which we do reports. Price per square foot is going up for both sold

and active listings. although it hasn’t recovered to levels seen in 2004-

2005.

With the new trend of consumers downsizing and the popularity of

Forest Hills Schools, the real estate market should remain strong

and viable for Adatowne homes, as long as they are in "great

condition" and priced about $100 sq ft.

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

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

Photo of Ada MI by Bonnie Westbrook

Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Forest Hills Gardens ~ May 2009

Posted on May 31, 2009 by Terry & Bonnie

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 going in next

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

under construction a short distance away on Spaulding Ave.

Both of these new developments are quite close to Adacroft Commons

and Forest Hills Gardens. Forest Hills Gardens subdivision is between

Hall Street and Ada Drive just west of the Forest Hills Central High

School complex.

Forest Hills Gardens Market Report May 2009

1 Sold, 3 For Sale, 1 Expired

The absorption rate for Forest Hills Gardens is 15 months, which

means if no new listings come on the market it will take 15 months

for the existing inventory of homes to sell at the current rate of sale.

Active Forest Hills Gardens Listings: 3

Average list price is $ 182,300

Average time on market is 77 days.

Average list cost/SqFt is $88.23

Forest Hills Gardens Sold Homes :1

Average Sold Price: $160,000

Average price/Sq Ft: $87.82

Average days on the market: 159 days.

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

If you have questions about Forest Hills or Ada homes,

please contact me directly: 1-888-240-1968 ext 0 or

terry@terrywestbrook.com

Grand Rapids Ada Real Estate ~ Westbrook Realty

Japanese Maple photo by Bonnie Westbrook

Ada Michigan Neighborhood Real Estate Market Report ~ Catamount ~ May 2009

Posted on May 31, 2009 by Terry & Bonnie

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 May 2009

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

Catamount Active Listings: 4

Catamount average active price – $800,725

Catamount average active price /SqFt – $ 227.03

Catamount average days on market – 290

Catamount SOLD Listings: 2

Catamount average sold price – $ 466,000

Catamount average sold price/SqFt – $ 160.03

Catamount average sold days on market – 32

Catamount Pending Listings: 2

The Absorption Rate for Catamount Homes is 5 months, which means if

no new listings come on the market it will take 5 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 $300,000 over current

selling price. Only 4 homes sold in the last 5 months, which means buyers

are scarce in this segment of the market. The foreclosure nightmare has

found this neighborhood, as well as more modest homes. These sales

reflect the bank repossessed home sales, which are distressed, even in

this market price range. No area of the real estate market has been

spared this price degradation and it affects the average selling price.

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

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

Grand Rapids MI Real Estate – Westbrook Realty

photo of the Grand River in Ada by Bonnie Westbrook

Forest Hills Michigan Real Estate Market Report ~ May 2009

Posted on May 28, 2009 by Terry & Bonnie

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 Feb 1, 2009 to May 28, 2009 real estate

market activity.

Forest Hills Eastern High school Ada Township MI

Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 15.4 months, which means if no

new listings come on the market, it will take 15.4 months to sell the existing

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

month, sold prices are still inching downward. Inventory is ticking up, 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

224 Active Forest Hills Listings

Average price of $624,021

Average price/square foot $200.57

Low price of $300,000

High price of $2,700,000.

Sold Forest Hills Listings 36

Average sold price $486,649

Average Sold price/sq ft $ 163.25

Lowest sold price $300,000

Highest sold price $1,325,000

Pending Listings 22

Forest Hills Active Listings $100,000 – $300,000

The Absorption rate for Forest Hills homes in this price range is 6.5

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

current rate of sales, it will take 6.5 months to sell all current inventory.

Forest Hills Active Listings 211

Average Active Price $212,745

Average Active Price/SqFt $119.75

Average Active Days on the Market 108

High Active Price $300,000

Low Active Price $104,900

Sold Forest Hills Listings 80

Average Sold Price $193,493

Average Sold Price/sq ft $98.74

Average Sold Days on the Market 101 Days

High Sold Price $300,000

Low Sold price is $100,000

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 still seeing

some reduction in sold price and price per sq ft. With more active listings

coming on the market in the spring, this will not help current inventory

sell faster or for more money.

Forest Hills MI Top Best Buy Homes ~ May 2009

Forest Hills MI Top Best Buy Homes ~ April 2009

Ada Cascade Market Report March 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

Click here ^ to subscribe to my Grand Rapids Blog

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Top Best Home Buys ~ Forest Hills Michigan ~ May 2009

Posted on May 18, 2009 by Terry & Bonnie

We have gathered a list of the Best Forest Hills Houses

( primarily in 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

& mechanicals.

Check back often or just subscribe to our blog to get

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

top best buys in forest hills mi homes for sale

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.

The list this month is 14 properties, same as last month.

The lowest price/Sq Ft for homes range from $57.90 to $73.78

here in Forest Hills.

The lowest list price is $57,900 and the highest list price is

$236,537 for May 2009 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.

Some of these homes may be bank owned foreclosures 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:

8195 45th St SE $134,500 2193 SqFt $61.33/SqFt

4198 Knapp Ct NE $ 57,900 1200 SqFt $57.90/SqFt

6600 Cascade Rd $104,900 1788 SqFt $58.67/SqFt

6461 Cascade Rd SE $139,900 2023 SqFt $69.15/SqFt

378 Pettis Ave SE $ 79,900 1300 Sq Ft $61.46/SqFt

2049 Rowland #4 $ 69,900 1150 SqFt $60.78/SqFt

1417 Grand River Dr $ 89,900 1248 Sq Ft $72.04/SqFt

5505 Whitneyville SE $104,900 1536 Sq Ft $68.29/SqFt

3150 Hayward Dr SE $189,900 2574 Sq Ft $73.78/SqFt

6948 Maplecrest Dr $194,900 3200 Sq Ft $72.72/SqFt

3413 Dean Lake NE $ 79,900 1626 SqFt $60.26/SqFt

5610 Ada Drive SE $159,000 2437 Sq Ft $65.24/SqFt

6250 Architrave St $ 99,998 1814 Sq Ft $73.74/SqFt

4271 Woodside Oaks Ct $236,537 3453 Sq Ft $68.50/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

Grand Rapids Ada Real Estate ~ Westbrook Realty

Forest Hills Michigan ~ Public Schools 2009 Update

Posted on May 6, 2009 by Terry & Bonnie

Forest Hills Michigan – Home to a Growing Public School District

We just received the Superintendant’s News Letter with all the Forest

Hills Public School news. Of course, there was talk of budget challenges

and difficult times. Even school districts that are well-funded, like Forest

Hills Public, are having budget issues because of state funding reductions.

Forest Hills is focused on student education, and is still reducing

administrative overhead. 76.7% of the school budget is spent on

classroom and instructional support.

2009 Forest Hills School News:

3 Teachers recognized on state & national levels for excellence
Conserved 1.9 million in reduced energy costs
ALL Forest Hills Schools receive Green Certificates
Received David D Smith Award for Environmental Stewardship
Growing enrollment while 80% of Michigan districts are declining
2007 Bond Issue allows investment in infrastructure
10,100+ students, 2nd in size in Kent County, 23rd largest in

Michigan, out of 552

2009 Student MEAP Scores Highest in Michigan

Grand Rapids Real Estate ~ Westbrook Realty

Forest Hills Michigan ~ Real Estate Market Report ~ April 2009

Posted on April 28, 2009 by Terry & Bonnie

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 Feb 1, 2009 to April 28, 2009 real estate

market activity.

Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 17.3 months, which means if no

new listings come on the market, it will take 17.3 months to sell the existing

homes at the current rate of sale. This rate is down from last month, sold

prices are up slightly. Inventory is ticking up, but sales are holding

fairly steady. Your Forest Hills 300K+ home has a good chance to sell if

it is in good condition and priced correctly.

Active Forest Hills Listings -225

Average price – $633,519

Average price per square foot – $201.55

Low price – $300,000 High price – $2,700,000.

Sold Forest Hills Listings – 23

Average SOLD price – $539,372

Average Sold price per square foot -$ 168.63

Lowest sold price – $310,000 Highest sold price – $1,325,000

Pending Forest Hills Listings – 16

Forest Hills Listings $100,000 to $300,000

The Absorption rate for Forest Hills homes in this price range is 6.28

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

current rate of sales, it will take 6.28 months to sell all current inventory.

There are 197 Forest Hills Active Listings

Average Price $213,567.

Average Active Price/SqFt is $119.82

Average Active Days on the Market – 119

High Price – $300,000 Low Active Price – $104,900.

Sold Forest Hills Listings -58

Average Sold Price – $193,873

Average Sold Price per square footat $96.78

Average Sold Days on the Market is 100 Days.

High price is $299,900 low sold price – $100,000.

36 Pending Sales

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

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

some reduction in sold price and price per sq ft. With more active listings

coming on the market in the spring, this will not help current inventory

sell faster or for more money. Your home must be priced competitively

and be in great condition to see the best offer from a Forest Hill buyer.

Ada Cascade Market Report March 2009

Ada Cascade Market Report December 2008

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Top Best Home Buys ~ Forest Hills Michigan ~ April 2009

Posted on April 14, 2009 by Terry & Bonnie

We have gathered a list of the 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

& mechanicals.

Check back often or just subscribe to our blog to get

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

top best buys in forest hills mi homes for sale

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.

The list this month is up again to 14 properties, from 12 last month.

The lowest price/Sq Ft for homes range from $54.68 to $73.78

here in Forest Hills.

The lowest list price is $63,900 and the highest list price is

$236,537 for April 2009 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.

Some of these homes may be bank owned foreclosures 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:

7117 Oakbrook St SE $229,900 3776 SqFt $60.88/SqFt TFLA

8195 45th St SE $134,500 2193 SqFt $61.33/SqFt

4198 Knapp Ct NE $ 63,900 1200 SqFt $63.90/SqFt

6600 Cascade Rd $104,900 1788 SqFt $58.67/SqFt

6461 Cascade Rd SE $139,900 2023 SqFt $69.15/SqFt

378 Pettis Ave SE $ 79,900 1300 Sq Ft $61.46/SqFt

1417 Grand River Dr $ 89,900 1248 Sq Ft $72.04/SqFt

7965 Sandy Hollow Dr $159,900 4342 Sq Ft $36.83/SqFt

5505 Whitneyville SE $109,900 1536 Sq Ft $71.55/SqFt

3150 Hayward Dr SE $189,900 2574 Sq Ft $73.78/SqFt

6948 Maplecrest Dr $194,900 3200 Sq Ft $72.72/SqFt

2509 Shagbark Ave SE $224,900 3017 Sq Ft $74.54/SqFt

3426 Nottingham Dr NE $ 69,900 1640 Sq Ft $62.41/SqFt

4271 Woodside Oaks Ct $236,537 3453 Sq Ft $68.50/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

Grand Rapids Ada Real Estate ~ Westbrook Realty

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009

Posted on March 30, 2009 by Terry & Bonnie

The East 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 by the 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,

this may be the place for you to call home.

Real Estate Market Report East Village March 2009

For Sale: 5

East Village Homes average list price: $ 490,720

East Village average price/sqft (main floor): $ 183.23

East Village average days on the market: 49 days

Pending:1

Sold: 3

East Village SOLD homes average price: $ 398,333

East Village SOLD homes average price/sqft: $140.94

East Village SOLD homes average days on market: 86 days

Expired: 3

East Village expired homes average price: $434,933

East Village expired homes average price/sqft: $177.02

East Village Homes are selling, if priced correctly. Buyers are

paying about $140/SqFt on the main floors, which is down from

last summer’s prices.

The absorption rate for East Village is 2.85 months, which means

if no new homes enter the marketplace, it will take 2.85 months

for the current home inventory to sell.

East Village Market Report December 2008

Forest Hills Market Report November 2008

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

Grand Rapids Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Category Archives: Ada Michigan 49301 Real Estate

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

Ada Michigan Neighborhood Real Estate Market Report ~ Adatowne ~ May 2009

Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Forest Hills Gardens ~ May 2009

Ada Michigan Neighborhood Real Estate Market Report ~ Catamount ~ May 2009

Forest Hills Michigan Real Estate Market Report ~ May 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Top Best Home Buys ~ Forest Hills Michigan ~ May 2009

Forest Hills Michigan ~ Public Schools 2009 Update

Forest Hills Michigan – Home to a Growing Public School District

2009 Forest Hills School News:

Forest Hills Michigan ~ Real Estate Market Report ~ April 2009

Top Best Home Buys ~ Forest Hills Michigan ~ April 2009

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009