Forest Hills Michigan Absorption Report ~ March 2009

Posted on March 29, 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 Sept 1, 2008 to March 29, 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 18.9 months, which means if no

new listings come on the market, it will take 18.9 months to sell the existing

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

prices are about the same. 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.

There are 224 Active Forest Hills Listings in the over $300,000 category with

an average price of $628,678. The Average price per square foot of Active

Listings is $201.55 with a low price of $300,000 & a high price of $2,700,000.

There have been 69 Sold Forest Hills Listings in the over $300,000 category

with an Average price of $491,382. The Average Sold price per square foot is

$ 163.75. The lowest sold price is $309,900 & the highest sold price is

$1,325,000. There are 14 Pending Forest Hills Listings in this category.

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

The Absorption rate for Forest Hills homes in this price range is 8.56

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

current rate of sales, it will take 8.56 months to sell all current inventory.

There are 197 Forest Hills Active Listings with an Average Price

of $214,962. The Average Active Price/SqFt is $120.32 and the

Average Active Days on the Market are 123. The High Active Price is

$300,000 and the Low Active Price is $104,900.

There have been 124 Sold Forest Hills Listings in the last 7 months. The

Average Sold Price is $193,873 with the Average Sold Price per square foot

at $102.24. Average Sold Days on the Market is 109 Days. The high Sold

price is $299,900 & the low sold price is $104,500. There are 37 Pending

Sales in this category.

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.

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.

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

Forest Hills Michigan Real Estate Market Report ~ Adatowne ~ March 2009

Posted on March 27, 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.

Adatowne Residential Neighborhood in Ada, Michigan

March 2009 Real Estate Market Report

4 Sold, 3 Pending, 3 For Sale

Adatowne Active Listings: 3

Adatowne Average Active price – $158,433

Adatowne Active average price/SqFt – $105.14

Adatowne Active average days on market – 51

Adatowne Pending: 3

Adatowne Sold Listings: 2

Adatowne Average Sold Price – $ 119,000

Adatowne Average sold price/SqFt – $ 91.00

Adatowne Average Sold days on market – 40

MARKET SYNOPSIS: Absorption Rate for Adatowne is 4.2 months,

which means it would take 4.2 months for the 3 active listings to sell,

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

statistics. The price per square foot here really tells the story: Active

listings are averaging $ 105/sqft and sold are averaging $ 91/sqft.

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 at less than $100 sq ft.

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Adatowne Market Report Sept 2008

Adatowne Market Report Jan 2009

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI walking path by Bonnie Westbrook

Forest Hills Michigan ~ Top Home Buys ~ March 2009

Posted on March 11, 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 down to 12 properties, from 15 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 $59,900 and the highest list price is

$236,537 for February 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

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

4198 Knapp Ct NE $ 69,900 1200 SqFt $69.90/SqFt

6600 Cascade Rd $114,900 1788 SqFt $64.26/SqFt

3310 Dean Lake NE $ 59,900 1039 SqFt $65.04/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

6224 Lincolnshire Ct $ 74,400 1712 Sq Ft $54.58/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

4714 Cutter Parkway $ 99,950 1828 Sq Ft $54.68/SqFt

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

If you would like a list of Top Best Buys in your area, please contact

us through email or on our web site:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

Posted on March 4, 2009 by Terry & Bonnie

Forest Hills Gardens Absorption Market Report Feb 2009

4 Sold, 3 For Sale, 1 Expired

The absorption rate for Forest Hills Gardens is 10.5 months, which

means if no new listings come on the market it will take 10.5 months

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

Active Forest Hills Gardens Listings: 1

Average list price is $ 191,633

Average time on market is 60 days.

Average list cost/SqFt is $100.30

Forest Hills Gardens Sold Homes :4

Average Sold Price: $162,475

Average price/Sq Ft: $96.47

Average days on the market: 20 days.

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.

If you have questions about Forest Hills or Ada homes,or

if you would like this market report emailed to your inbox,

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

Grand Rapids Ada Real Estate ~ Five Star Real Estate LLC

Japanese Maple photo by Bonnie Westbrook

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

Posted on March 4, 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. As a bonus, this cute little guy will be one

of your new neighbors.

Catamount Market Report February 2009

6 For Sale, 4 Sold, 5 Expired, 1 Pending

Catamount Active Listings: 6

Catamount average active price – $799,296

Catamount average active price /SqFt – $ 221.41

Catamount average days on market – 222

Catamount SOLD Listings: 4

Catamount average sold price – $ 676,250

Catamount average sold price/SqFt – $ 224.03

Catamount average sold days on market – 71

The Absorption Rate for Ada Moorings Homes is 21 months, which means if

no new listings come on the market it will take 21 months for the existing

homes to sell at the current rate of sales. The average sold price dropped

in 2008 and into the 2009. The average list price is $125,000 over current

selling price. Only 4 homes sold in the last 14 months, which means buyers

are scarce in this segment of the market.

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

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0.

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Grand River in Ada by Bonnie Westbrook

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Posted on March 4, 2009 by Terry & Bonnie

Ada Moorings is located off Grand River Drive, just east of Ada and

close to Ada Township Park. A recent development by Eastbrook

Builders, these homes are in Forest Hills Public School

District. Close to the village of Ada and not far from the village of

Cascade,this subdivision is near 28th Street shopping, the Thornapple

and the Grand Rivers.

Grand River Ada Michigan

Ada Moorings Market Report February 2009

3 For Sale, 9 Sold, 4 Expired

Ada Moorings Active Listings: 3

Ada Moorings average active price – $225,967

Ada Moorings average active price /SqFt – $ 121.78

Ada Moorings average days on market – 162

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,211

Ada Moorings average sold price/SqFt – $ 125.24

Ada Moorings average sold days on market – 91

The Absorption Rate for Ada Moorings Homes is 3.3 months, which means if

no new listings come on the market it will take 3.3 months for the existing

homes to sell at the current rate of sales. The average list price has dropped

$20,000 in the last quarter of 2008 and into the 2009, which means sellers

are closer to the actual market price. The average sale price has stayed the

same. The market is good in Ada Moorings, 3.3 months is a great absorption

rate for the Grand Rapids Area.

Ada Moorings Market Report Dec 2008

Ada Moorings Market Report Oct 2008

Ada Moorings Market Report Sept 2008

Ada Moorings Market Report Aug 2008

Ada Moorings Market Report July 2008

Ada Moorings Market Report June 2008

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

Grand Rapids Home, please contact me directly at:

1-888-240-1968 ext 0

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Ada Park Entrance in Ada by Bonnie Westbrook

Backyard Habitat Workshop at Ada Park March 10th ~ Ada Michigan

Posted on March 4, 2009 by Terry & Bonnie

At 7:00 p.m. on Tuesday, March 10, Ada Township Parks & Recreation

Department will present a workshop on how to plan and landscape your

yard as a quality habitat for local wildlife at Ada Township Park.

Entrance to Ada Park Ada MI

This Backyard Habitat Workshop will provide tips and tricks for landscape

planning and design, how to enhance your yard with the habitat elements

desired wildlife require, sources for native plants and a variety of other

resources. Backyard Wildlife Habitats are ideal ways for home owners,

schools and businesses to enhance their property and help support wildlife.

Whether you have a small garden area you want to use to attract birds or

butterflies, or a large yard "back 40" that you want to attract a variety of

wildlife, this workshop will provide planning tools and resources to meet

your needs and help you start on your yard this spring.

This Backyard Wildlife Habitat Workshop will also cover the procedures to

have your site certified through the National Wildlife Federation’s (NWF)

Backyard Habitat Program. Participants will receive habitat development

support materials and application forms to certify your property with the

NWF. More detail about NWF is available at www.nwf.org.

To pre-register or for more information, call the Ada Park office at

616-676-0520 or email to adaparks@ada.mi.us. There is a $3.00 fee,

payable on site. Ada Park is located at 1180 Buttrick Avenue, N.E.,

just off of Thornapple River Drive in Ada, MI 49301.

There are additional April 17th workshops~ information available from

the Ada Township Web site.

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Ada Michigan Real Estate Absorption Report ~ Feb 2009

Posted on February 25, 2009 by Terry & Bonnie

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 several private schools.

Ada Woods Real Estate Absorption Report

February 2009

7 Sold, 3 For Sale, 9 Expired

Ada Woods Active Listings: 3

Ada Woods Average Active Price – $ 325,933

Ada Woods Average Active Price/SqFt – $130.94

Ada Woods Average Days on Market – 121

Ada Woods SOLD Listings: 7

Ada Woods Average Sold Price -$ 306,079

Ada Woods Average Sold Price/SqFt – $117.76

Ada Woods Average Sold Days on Market – 127

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

The Absorption Rate for Ada Woods Homes is 6 months, which

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

6 months at the current rate of sales to sell the existing homes

inventory.

MARKET SYNOPSIS: The average sold price has lowered about

$ 7,000 since December 2008. The average asking price has

lowered about the same, but not enough to get buyers off the fence.

The expired number is up which tells me that some sellers have

given up trying to get their higher asking price.

If you don’t have your Ada Woods home priced below $ 120.00 a sq ft,

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

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

Ada Woods Market Report Nov 2008

Ada Woods MI Market Report Dec 2008

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

please contact me directly through my web site.

Grand Rapids MI Real Estate – Westbrook Realty

Headley St in Ada Mi photo by Bonnie Westbrook

Forest Hills MI ~ Top Home Buys ~ February 2009

Posted on February 9, 2009 by Terry & Bonnie

We have gathered a list of the Best Forest Hills Houses

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 lowest price/Sq Ft for homes range from $54.68 to $74.16

here in Forest Hills.

The lowest list price is $59,900 and the highest list price is

$236,537 for February 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.

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

976 Kenmoor Ave SE $ 93,000 1254 Sq Ft $74.16/SqFt

236 Ivanhoe Ave NE $101,108 2500 Sq Ft $65.83/SqFt

3310 Dean Lake NE $ 59,900 1039 SqFt $65.04/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

831 Honey Creek $159,900 2913 Sq Ft $54.89/SqFt

6224 Lincolnshire Ct $ 74,400 1712 Sq Ft $54.58/SqFt

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

2205 Christine Ct SE $179,900 2600 Sq Ft $69.19/SqFt

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

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

3327 Hidden Hills Ave $199,900 3400 Sq Ft $68.93/SqFt

4714 Cutter Parkway $ 99,950 1828 Sq Ft $54.68/SqFt

3310 Midland Dr SE $209,900 4000 Sq Ft $59.46/SqFt

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

** = Top Best Buy per amount of Square Footage

If you would like a list of Top Best Buys in your area, please contact

us through email or on our web site:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Grand Rapids Absorption Report ~ Clements Mill Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

Clements Mill is a newer home development built by EastbrookConstruction in the Ada MI area, started in 1999 and completed in2003. Apart from newer homes, part of the appeal is the proximityof Forest Hills Central Middle and High Schools, Forest Hills Woodlands 5/6 School, St Roberts & Ada Christian Schools, whichare within walking distance.Clements Mill is midway between the Village of Ada and Forest Hillsshopping area at Cascade Road and Forest Hills.Ada’s Clements Mill has seen steady to declining values in the shorttime it has been built out. This is largely due to the current overabundance of houses for sale in a soft resale market. Clements Mill Market Report

January 2009

23 Sold, 7 For Sale, 12 ExpiredClements Mill Active Listings: 7Average Active Price: $250,371Average Active Price/SqFt: $121.52Average Active Days on Market: 64 Clements Mill Sold Listings: 23Average Sold Price: $275,421Average Sold Price/SqFt: $122.27Average Days on Market: 103 Clements Mill Expired Listings: 12Average Expired Price: $263,408Average Expired Price/SqFt: $ 126.19Average Expired Days on Market: 165 Absorption Rate for Clements Mill homes is averaging1.9 sold homes per month for 2008/2009 to date.With 7 current listings, there is a 3.6 month supply. Clements Mill Market Report Nov 2008Clements Mill Market Report Sept 2008Clements Mill Market Report July 2008Clements Mill Market Report June 2008 The Ada area growth trends remain strong. Ada Township planner,Jim Ferro states that the Ada population has grown by 20% since2000. There is a new proposed 80 condo units – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyopen & under construction here. The Stone Falls of Ada apartmentprojectis adjacent to Clements Mill. Both are scheduled for completion by spring 2009.If you have detailed questions about Ada Homes, Forest Hills Homes orjust need further information, please contact me directly. Grand Rapids Ada MI Real Estate Five Star Real Estate LLCCopyright 2009 All rights reservedAda Drive Walking Trail Photo by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Category Archives: Ada Michigan 49301 Real Estate

Forest Hills Michigan Absorption Report ~ March 2009

Forest Hills Michigan Real Estate Market Report ~ Adatowne ~ March 2009

Forest Hills Michigan ~ Top Home Buys ~ March 2009

Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

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

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Backyard Habitat Workshop at Ada Park March 10th ~ Ada Michigan

Ada Michigan Real Estate Absorption Report ~ Feb 2009

Forest Hills MI ~ Top Home Buys ~ February 2009

Grand Rapids Absorption Report ~ Clements Mill Jan 2009