Grand Rapids MI Absorption Report ~ Adacroft Commons ~ Jan 2009

Posted on February 2, 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% since2000. There is a new proposed 80 unit condo site – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyunder construction here. Both of these new developments are quiteclose to Adacroft Commons. Adacroft Commons Real Estate January 2009 Market Report

9 Sold, 0 For Sale, 10 Expired

Adacroft Commons Entrance Ada MI 49301 Adacroft Commons Active Listings: 0Adacroft Commons Active Price – $Adacroft Commons Active Price/SqFt – $Adacroft Commons Active Days on Market – Adacroft Commons SOLD Listings: 9Adacroft Commons average sold price – $ 165,222Adacroft Commons average sold price/SqFt – $97.49Adacroft Commons average sold days on market -78 Adacroft Commons Expired Listings: 10Adacroft Commons average expired price – $ 186,410Adacroft Commons average expired price/SqFt – $ 134.36Adacroft Commons average days on market – 110 There are no current homes for sale in Adacroft Commonslisted on the local MLS board. This is an extremely desirable areato live, with its close proximity to Forest Hills Central Middle &High Schools. In the above stats you can see the $20,000disconnect between sellers and buyers, or $36 /SqFt. on themain floor. If you would like to sell in this market, you have tobe priced at the current market price, not 2004 prices, IF you wantto sell your home. Forest Hills MI Market Report Dec 2008 Adacroft commons Adacroft Commons Market Report Oct 2008 Adacroft Commons Market Report Aug 2008 If you have detailed questions or just need general informationabout Grand Rapids or Ada Homes, please contact me directly. If you would like to receive these monthly reports in your inbox,please contact us or subscribe to our RSS feed. Grand Rapids Ada MI Real Estate – Five Star Real EstateCopyright 2009 All rights reservedAdacroft Commons Entrance Photo by Bonnie Westbrook

Grand Rapids MI ~ Watermark Residences Market Report ~ January 2009

Posted on January 30, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road. If you don’t like golf,

get defensive when a stray golf ball rolls into your “yard” you probably

would be better off not buying a home or condoat Watermark.

Of course you would be missing out on thebest golf course in

Grand Rapids (no prejudice here, just the facts, folks)

Yes, I play Watermark golf course every chance I get.

Watermark is a premier course with a friendly group of players.

We have anexcellent grounds staff and a great pro shop staff.

Watermark single family homes and condos make this

a very attractiveplace to live. Quality built homes with access

off Cascade Road andSpaulding Drive, you are close to the

airport, 28th Street shopping,I96 expressway and close to

Cascade, Ada, and Forest Hillsschools and shopping areas.

Watermark Residences

January 2009 Real Estate Market Report

For Sale: 7

7 active Watermark Homes currently on the market.

Watermark Homes current active price: $ 809,743

Watermark Homes current price/sq ft is $ 240.39

Watermark Homes average days on market : 109

Sold: 7

There have been 7 Watermark Sold Homes since Jan ’08.

Watermark Sold Homes average price: $ 500,333.

Watermark Sold Homes average price/sq ft: $191.68.

Watermark Sold Homes average days on market: 71

Pending: 1

Expired: 17

Average expired price: $538,047

Average expired price/sqft: $210.49

At the current rate of sales, we have a 12 month supply of homes on

the market at the Watermark Residences. Until active prices start to

align with sold prices, we don’t expect to see much activity in this area.

If you would like further information about Watermark,Cascade

or Forest Hills Homes, please contact me directly.

Watermark Residences December 2008 Market Report

Watermark Residences November 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Residences September 2008 Market Report

Watermark Country Club ~ Pool Time

Grand Rapids Real Estate – Westbrook Realty

photo of Watermark Residences Entrance by Bonnie Westbrook

Forest Hills MI ~ Absorption Report Jan 26, 2009

Posted on January 26, 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 prestigious

Forest Hills Public Schools, and private schools, such as Ada Christian

that attract many home owners.

This report will cover the Sept 1 to Jan 26, 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 16.23 months, which means

if no new listings come on the market, it will take 16.23 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. Fewer listings and sales this

month, the average list price is lower for this upper end category.

There is still a disconnect between average listed price/sqft and average

sold price/sqft of about $40/sqft.

There are 211 Active Forest Hills Listings in the over $300,000 category

with an average price of $649,207. The Average price per square foot of

Active Listings is $200.70 with a low price of $300,000 & a high price of

$2,700,000.

There have been 54 Sold Forest Hills Listings in the over $300,000

category with an Average price of $478,126. The Average Sold price

per square foot is $ 161.09. The lowest sold price is $309,900 & the

highest sold price is $850,000.

There are 11 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 8.2

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

current rate of sales, it will take 8.2 months to sell all current inventory.

There are 192 Forest Hills Active Listings in Ada -Cascade with an

Average Price of $212,186. The Average Active Price/SqFt is $120.63

and the Average Active Days on the Market are 119. The High Active

Price is $300,000 and the Low Active Price is $101,800.

There have been 90 Sold Forest Hills Listings in the last 5 months. The

Average Sold Price is $197,706 with the Average Sold Price per square foot

at $105.87. Average Sold Days on the Market is 121 Days. The high Sold

price is $299,900 & the low sold price is $104,500. There are 27 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 seems to be

similar to last month. Fewer active listings, and average list prices are

inching slightly downward. Average sold price has stayed almost the

same although more homes sold this month than last.

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 Home, please contact me directly.

Click here ^ to subsribe to my Grand Rapids Blog

Grand Rapids Ada Real Estate Five Star Real Estate LLC

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Kent County "BEST HIGH SCHOOLS ~ 2009"

Posted on January 24, 2009 by Terry & Bonnie

The U.S. News and World Report has published their annual survey of the

best public high schools across the country.

These top open enrollment schools were placed into gold, silver,

bronze, and honorable mention categories.

Six public schools in Kent County were mentioned. Two Grand Rapids

inner city schools and 4 Grand Rapids suburban schools were named

in Best High Schools Kent County 2009.

City Middle/ High School, East Grand Rapids High School, Forest Hills

Central High School, Lee High School, Lowell High School, and Ottawa

Montessori School all received Silver or Bronze awards.

Schools are an important consideration when buying and

selling a home. Public schools in the Grand Rapids area

are some of the best in the country.

Grand Rapids Ada MI Real Estate ~ Five Star Realty

Photo of Forest Hills Central High School by Bonnie Westbrook

Ada Michigan Real Estate Market Report ~ Adatowne ~ January 2009

Posted on January 19, 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

January 2009 Real Estate Market Report

3 Sold, 2 Pending, 4 For Sale

Fall foliage in Ada MI

Adatowne Active Listings: 4

Adatowne Average Active price – $147,650

Adatowne Active average price/SqFt – $113.16

Adatowne Active average days on market – 94

Adatowne Sold Listings: 3

Adatowne Average Sold Price – $ 138,300

Adatowne Average sold price/SqFt – $ 119.19

Adatowne Average Sold days on market – 47

MARKET SYNOPSIS: Not much has changed since last month.

We have one less home on the market, which has reduced the

average price. With the new trend of consumers downsizing,

the real estate market should remain strong and viable for

Adatowne homes, as long as they are in “great condition”

and priced at $110-120 a sq ft.

If you would like more information about Ada or Grand Rapids Homes,

please feel free to contact me directly.

Adatowne Market Report July 2008

Adatowne Market Report Aug 2008

Adatowne Market Report Sept 2008

Adatowne Market Report Oct 2008

Adatowne Market Report Nov 2008

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI fall foliage by Bonnie Westbrook

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

Posted on January 19, 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 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.

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 Market Report Dec 2008

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

please contact me directly.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Fall Color photo in Ada Mi photo by Bonnie Westbrook

A Microcosm of Home Values Decline in Forest Hills Michigan

Posted on January 12, 2009 by Terry & Bonnie

Many experts will tell you that all real estate is local. Just how local

do you get? I just did a little research for a client this weekend and

thought I would share it with you. Forest Hills is a strong local market

and homes continue to sell here, but we have still seen a decline. Home

values may be stable in one neighborhood and falling in another.

This is all predicated on how badly people want to live in your area.

I did research on an “average home” in Forest Hills.

Your Home

The search parameters were:

Forest Hills School District

Two Story Home

2200- 2600 square feet

Year 2006 2007 2008

Avg Sold Price $ 308,488 292,289 267,278

Homes Sold 88 86 78

Cost$/SqFt 127.53 120.80 112.61

An overall decline of 13% in the last 3 years

What can you do but read this and weep? You might like to

attend your local township Board of Review. This

is the only place you can petition to get your tax assessment

lowered.

See your local taxing authority for details. The Review Boards

usually meet in March of each year.

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Top Home Buys Forest Hills Michigan ~ January 2009

Posted on January 12, 2009 by Terry & Bonnie

We have gathered a list of the top Forest Hills Houses

to buy. Please note that this list can change daily as

some homes sell, prices are adjusted and other homes

come on the market.

The total square footage is noted here, although only the

main floors are used to figure price per square foot. The

lowest price/Sq Ft range from $54.68 to $74.56 here.

The lowest list price is $79,900 and the highest list price is

$236,537 for January 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:

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 $150,578 2913 Sq Ft $63.13/SqFt

6224 Lincolnshire Ct $ 79,900 1712 Sq Ft $69.36/SqFt

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

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

3521 Thornapple River Dr $136,900 1836 Sq Ft $74.56/SqFt

7133 Bridgewater Dr $159,000 2160 Sq Ft $73.61/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 $209,900 3400 Sq Ft $72.38/SqFt

7399 Lime Hollow Dr $225,000 3085 Sq Ft $72.93/SqFt

38 E Beltline Ave SE $ 94,900 1328 Sq Ft $71.46/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

If you would like a list of top best buys in your area, please contact

us through our website:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Adacroft Commons ~ Forest Hills MI Absorption Report Dec 2008

Posted on December 31, 2008 by Terry & Bonnie

Adacroft Commons is a popular home market in Ada for the

Grand Rapids area.

Part of the appeal is the proximity of Forest Hills Central 5/6 School,

Middle School, High School, St Roberts School & Ada Christian

School, which are within walking distance. Adacroft Commons is also

close to the village of Ada and Forest Hills shopping. It is an established

subdivision, being started in the early 1970’sby E. L. Ladd Builders of

Ada, at the same time they were buildingin Adatowne. Adacroft

Commons homes were required to have atwo stall attached garage and

a family room, while Adatowne homes did not. There is designated

common land in thedevelopment that remains heavily wooded and in a

natural state,as in its adjacent neighborhood, Ada Woods. I have held

many open houses in these plats when they were new and sold many of

the homes as new construction – to be built. We personally purchased a

spec home here in 1976 and livedin Adacroft for 5 years before we built

our dream home on 6 acres(also in Ada Township).

If you doubt the power of your home as an investment, a 4 bedroom 2

story home (about 1750 sq ft) sold for $ 39,900 in Adacroft Commons

in 1970.

Adacroft Commons Real Estate

December 2008 Market Report

8 Sold, 0 For Sale, 1 Pending, 10 Expired

Adacroft Commons Active Listings: 0

Adacroft Commons Active Price – $0

Adacroft Commons Active Price/SqFt – $0

Adacroft Commons Active Days on Market 0

Adacroft Commons SOLD Listings: 8

Adacroft Commons average sold price – $ 165,625

Adacroft Commons average sold price/SqFt – $96.99

Adacroft Commons average sold days on market -77

Adacroft Commons Expired Listings: 10

Adacroft Commons average expired price – $ 186,410

Adacroft Commons average expired price/SqFt – $ 134.36

Adacroft Commons average days on market – 110

There are no current homes for sale in Adacroft Commons

listed on the local MLS board. This is an extremely desirable

area to live, with its close proximity to Forest Hills Central

Middle & High Schools. In the above stats you can see the

$20,000 disconnect between sellers and buyers, or $37 /SqFt.

difference on the main floor. If you would like to sell in this market,

you have tobe priced at the current market price, not 2004

prices, IF you want to sell your home.

If you have detailed questions or just need general info

about Grand Rapids or Ada Homes, please contact me.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Adacroft Entrance on Ada Drive Photo by Bonnie Westbrook

Grand Rapids MI Absorption Report Dec 2008 ~ Forest Hills Gardens

Posted on December 30, 2008 by Terry & Bonnie

Forest Hills Gardens Residential Real Estate

Dec 2008 Market Report

4 Sold, 0 Pending, 1 For Sale

The absorption rate for Forest Hills Gardens is 3 months, which

means if no new listings come on the market it will take 3 months

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

This is a fabulous rate in this market and the one home for sale

reflects the stability and desirability of the neighborhood.

Active Listings: 1

Average price is $ 164,900.

Average time on market is 76 days.

Average cost/SqFt is $90.50

The average price for Forest Hills Gardens sold homes is $162,475.

The average price/sqft for Forest Hills Gardens sold

homes is $ 96.47.

The average days on the market for Forest Hills Gardens sold

homes is 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.

Grand Rapids Ada Real Estate ~ Five Star Real Estate LLC

Japanese Maple photo by Bonnie Westbrook

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Category Archives: Ada Michigan 49301 Real Estate