Kentwood Michigan Real Estate Market Report Jan-Dec 2009

Kentwood Michigan Real Estate Market Report Jan-Dec 2009

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings

within a 24.25 square mile area.

Kentwood high school kentwood mi

Kentwood home sales are still on a general downward trend

in price. Over 1/3 of Kentwood Homes Equity has dissolved in

the last 3 years, according to the current stats.

We are still seeing some price reduction even though activity is high.

On the good news for sellers,  Kentwood has one of the lowest

absorption rates in the area.

Foreclosures and short sales  are still affecting the average

market price here as Grand Rapids has seen jobs disappear.

The homes under $ 150K in Kentwood are seeing about 80% of  the

overall sales.  The homes over $150K are selling but at a slower rate.

In 2007, Kentwood had 434 homes sales: avg sold price:$151,009

In 2008, Kentwood had 722 home sales:avg sold price: $115,127

In 2009, Kentwood has had 448 home sales: avg sold price:$ 100,561

Home sales for Kentwood – Up to $150,000:

116 Active Listings w Avg sold price $ 115,673

378 sold      Avg sold price   $102,538

Home sales for Kentwood$150,001 & UP:

58 Active Listings w avg sold price of $ 189,463

70 sold         Avg sold price $150K+ = $174,132

Kentwood Absorption Rate for this price range is 4.6 months,

at the current rate of sale (which means if no new listings come

on the market, it will take 4.6 months to sell the active listed

homes). This is a great rate for the Grand Rapids area and shows

that Kentwood is a popular and affordable city to live in.

Kentwood Michigan Real Estate Market Reports

Real Estate is always hyper-local. If you have questions about

a specific Kentwood home, please contact me.

Copyright 2009 All rights reserved

Photo of Kentwood 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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

East Grand Rapids Michigan Real Estate Market Report Jan-Dec 2009

East Grand Rapids Michigan Real Estate Market Report  Jan-Dec 2009

East Grand Rapids MI Public Library

Absorption rate for East Grand Rapids MI housing market is currently

at 6.3 months, which means if no new listings come on the

East Grand Rapids market, it will take 6.3 months for the existing

home inventory to sell.

There are 111 active listings on the East Grand Rapids market now,

typically a leaner market in winter ranging from $89,900 to $3,600,000.

25 Pending Home Sales

210 Sold Homes w/ prices ranging from $ 25,000 to $ 1,750,000

from Jan 1, 2009 in East Grand Rapids housing inventory.

East Grand Rapids Homes  up to  $200,000

Active Listings – 29

Pending  – 7

Sold – 81

Avg Sold Price – $145,265  139,240

East Grand Rapids Homes  $200,000 to $300,000

Active Listings  –  25

Pending – 2

Sold –  51

Avg Sold Price – $ 246,601  250,468

East Grand Rapids Homes $ 300,001 to $450,000

Active Listings – 34

Pending –  1

Sold  – 46

Avg Sold Price – $ 358,789 363,813

East Grand Rapids Homes  $ 450,001 ++

Active Listings  –  23

Pending – 2

Sold – 20

Avg Sold Price – $ 711,025

The lower end of this market (under $300K) has seen about 50 %

of the sales in the last year.  With the current lowest list price

at $ 89,900,  it looks like the bargain basement days in EGR housing

are over.  Homes in the higher prices are selling, but at a

slower rate.

The Absorption rate is in the normal range for East GR

homes at this point, something we haven’t seen for a  few years.

It looks like East Grand Rapids is coming out of the the recent

real estate downturn on a faster pace than other

local communities.

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

____________________________________________________________________________________________

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

Rockford Michigan Real Estate Market Report Jan-Dec 2009

Current Real Estate Market Report Rockford Michigan ~2009

Current Absorption Rate for Rockford Michigan runs from 9.7 months

for lower end homes under $ 185,000, up to over 3  years for the

very upper end of the Rockford market.

Rockford Public Library Rockford MI

The lower end of the Rockford  market is moving faster than

higher priced homes for 2009.  With interest rates likely to

rise in 2010 and with buyer tax credits disappearing after

the first quarter, long listing times in Rockford will likely

continue into 2010, with a decrease in prices driven down

by weak buyer demand.

202 Active Rockford MI Listings under $185,000

Absorption Rate : 9.7 months

Sold Rockford Homes: 248

Pending Rockford Homes: 36

Average sold price  $ 131,004

High Sold price $185,000

Low Sold price  $53,900

Average Sold Price/SqFt  $94.50

Rockford MI Listings $ 185,000 – $ 349,000

Absorption Rate: 13.4 months

140 Active Rockford MI Listings

Sold Rockford Homes  114

Pending Rockford Homes 11

Average Rockford List Price:  $ 232,848

Average Rockford Sold Price: $ 234,978

Average Sold Price/SqFt  $ 119.03

High Sold Price $ 345,000

Low Sold Price  $186,500

Rockford MI Listings Over $ 349,000+

Absorption Rate: 38.5 months

Active Rockford MI Listings  77

Sold Rockford Homes  20

Pending Rockford Homes  4

Average Rockford List Price  $484,919

Average Rockford Sold Price $438,008

Average Sold Price/SqFt: $ 162.35

Inventories will probably increase with the spring market and

buyers will have their pick of the best homes for sale.

It is important  that you have your  home in  great condition

and priced correctly. Over-priced homes and tired looking homes

will not sell for top dollar in this buyer’s market.

If you have any questions about  Rockford or

Grand Rapids MI homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Rockford Michigan Real Estate Market Reports

Rockford Michigan Video Tour

Copyright 2009  All rights reserved

Photo of Rockford Public Library – Downtown Rockford 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 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

Grand Rapids Michigan Real Estate Market Report by School District Jan-Dec 2007-9

Grand Rapids Michigan Real Estate Market Report by School District Jan 2007-2009

Real Estate is always local. Grand Rapids is such a large metropolitan

area, the real estate market report for the whole area is not necessarily

indicative of  what is going on in your neighborhood.  It lets you know

how we are doing as a  whole, but it certainly doesn’t tell you what your

neighbor just got for his home or what the market prices are in your

neighborhood.

GR Children's museum

We have split the Grand Rapids area up by public school district,

to give a logical approach to this report. This is a macro neighborhood

report, not a micro report.  Bear in mind, these are average sold prices for

large areas, not specific neighborhoods.  But we hope it gives you a good idea

of where home prices are in your general area within the greater Grand Rapids

market.

Belding

2009 – $  55,110

2008 – $  71,758

2007 – $ 100,416

Byron Center

2009 – $ 160,220

2008 – $ 185,707

2007 – $ 200,766

Caledonia

2009 – $ 153,360

2008 – $ 163,983

2007 – $ 191,724

Cedar Springs

2009   $ 85,493

2008 – $ 99,170

2007 – $128,705

Comstock Park

2009 – $ 112,010

2008 – $114,348

2007 – $138,251

East Grand Rapids

2009-  $ 230,518

2008 – $ 224,625

2007 – $279,909

Forest Hills

2009 – $ 224,558

2008 – $ 272,793

2007 – $ 267,817

Godfrey-Lee

2009 – $ 33,834

2008 – $ 41,515

2007 – $ 71,748

Godwin Heights

2009 – $ 42,149

2008 – $ 53,574

2007 – $ 91,708

Grand Rapids

2009 – $ 58,936

2008 – $ 65,803

2007 – $ 99,233

Grandville

2009 – $ 135,538

2008 – $ 144,222

2007 – $ 162,095

Jenison

2009 – $ 123,639

2008 – $ 131,184

2007 – $ 139,372

Kellogsville

2009 – $ 57,135

2008 – $ 70,897

2007 – $ 93,322

Kenowa Hills

2009 – $ 116,917

2008 – $ 124,367

2007 – $ 151,869

Kentwood

2009 – $ 100,561

2008 – $ 114,940

2007 – $ 141,804

Lowell

2009 – $ 127,542

2008 – $ 135,123

2007 – $ 164,888

Northview

2009 – $ 116,275

2008 – $ 148,128

2007 – $ 160,557

Rockford

2009 – $ 157,624

2008 – $ 176,048

2007 – $ 198,416

Wyoming

2009 – $ 67,784

2008 – $ 82,756

2007 – $109,009

After doing this report, we can certainly see why Grand Rapids

is one of the TOP 5 best places in the country to buy a home

at a reasonable price.


photo of Grand Rapids Children’s Museum 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!

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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

Caledonia Michigan Real Estate Market Report – Jan-Dec 2009

Caledonia Michigan Real Estate Market Report – Jan-Dec 2009

Absorption rate for Caledonia MI Market is  currently 7.16 months,

which means if no other homes come on the market, it will take

7.16 months for the current inventory to sell at the current

sales rate.  This stat is one third+ less than summer’s figure.

We are seeing a definite upturn in sales in Caledonia homes and

sell times may be returning to a “normal” range of 3-6 months.

snow covered fir trees

There are 123 current active listings, from $49,900 to

$1,100,000 in Caledonia MI.

The current average Caledonia home listed price is much higher

[about $293,852] than the average sold price [$136,037].

25 Pending Home Sales, and 52 Sold Homes since Jan 1, 2009.

The average sold price/Square foot is $ 84.61

Sold High $290,000   Sold Low – $34,000

There are 2 homes in million dollar + range listed, so this skews the

figures somewhat in the upper home price brackets.

The Caledonia market has been  busy this year; buyers  bought 8 homes

under $100K, the majority were between $100-200K.

Average sold price/square foot and average sold price overall lost

ground this year.  There are 14 homes listed under $100K, and  lots

of opportunities in the middle brackets to own a home in Caledonia.

With interest rates bound to rise, buying now could save you

thousands of dollars over the life of your mortgage.

More Caledonia Michigan Articles:

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

Copyright  2009 All rights Reserved

Photo of Snow Covered Fir Trees 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

Grand Rapids Michigan – Centennial Park Condos Real Estate Market Report Jan-Dec 2009

Grand Rapids Michigan – Centennial Park Condos Real Estate Market Report Jan – Dec 2009

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the  Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

every level.  This community also has a clubhouse and restaurant for

members.

We have relocated several clients into this community and they find it a

wonderful place to live. Just minutes from 28th Street & Cascade shopping,

dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

golf bag, putter, hat and golf balls

Centennial Park Meadows Condos

Real Estate Market Report

Jan-Dec 2009

0 For Sale,  0 Pending,  11 SOLD

Centennial Condos Active Listings: 0

Centennial Condos Active Average Price $0

Centennial Condos Active average $/SqFt – $ 0

Centennial Condos Active average days on market – 0

Centennial Condos Sold Listings: 11

Centennial Condos Sold average price – $ 167,409

Centennial Condos Sold average $/SqFt – $ 99.48

Centennial Condos Sold average days on market – 131

The Absorption Rate for Centennial Park Condos is 0 months,

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

0 months for the existing condos to sell at the current rate

of sales.  This market is seeing sales and with no condos on the

market, it is difficult to say how long before they would sell, most likely

quickly, if priced correctly.

The average sold price is higher than it was this winter but

relatively stable this year.

More Cascade Michigan Real Estate Articles:


Cascade Michigan Real Estate

Cascade Michigan Events


If you would like information about Grand Rapids – Cascade MI Condos

or Grand Rapids – Cascade MI Homes, please contact me directly.

If you would like this report emailed to your inbox every month, please

contact us.

Copyright 2009  All rights reserved

photo of Golf Equipment 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 – Quail Crest Condo Real Estate Market Report Jan-Dec 2009

Forest Hills Michigan – Quail Crest Condo Real Estate Market Report Jan-Dec 2009


The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the current phase.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance.

Forest Hills Public Schools are the school district,

Watermark Country Club, Forest Hills & 28th Street shopping are

a short distance away.   The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condos Entrance Cascade MI

Quail Crest Condominiums Real Estate  Market Report

Jan-Dec 2009

4 For Sale, 1 Pending, 10 Sold, 12 Expired

Quail Crest Condos Active Listings: 4

Quail Crest Condos Average Active Price – $237,450

Quail Crest Condos Average Active Price/SqFt – $ 169.90

Quail Crest Condos Average Active days on market 74

Quail Crest Condos Sold Listings: 10

Quail Crest Condos average sold price – $175,450

Quail Crest Condos average sold price/SqFt – $ 119.62

Quail Crest Condos average days on market – 157

The absorption rate for Quail Crest Condos is 3.6 months, which

means if no new listings come on the market, it will take 3.6 months

for the current inventory of homes to sell at the current rate of sales.

This is much lower than typical  for the Grand Rapids Market.  The average

sold price and the price per square foot has fallen since the spring market.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market.  That may be the route to take, if you can

play the role of landlord successfully.

Forest Hills MI Real Estate Market Reports

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly.  We can

also have these monthly market reports emailed to your

inbox, just contact us.


Copyright 2009  All rights reserved

photo of Quail Crest Entrance 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

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates Jan-Dec 2009

Cascade Township Michigan Neighborhood Real Estate Market Report  Tamarron Estates Jan-Dec 2009


Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

Leslie E Tassell Park Cascade MI

Tamarron Residential Real Estate

Jan-Dec 2009 Market Report

2 Sold,  3 For Sale, 13 Expired

Tamarron Active Listings: 3

Tamarron Average Active Price – $ 346,600

Tamarron Average Active Price/SqFt – $ 98.06

Tamarron Average Active Days on Market – 68

Tamarron  SOLD Listings: 2

Tamarron Average Sold Price $ 202,000

Tamarron Average Sold Price/SqFt – $ 79.07

Tamarron Average Sold Days on Market – 66

Tamarron Expired Listings: 13

Tamarron Average Expired Price – $ 472,638

Tamarron Average Expired Price/SqFt – $ 142.86

Tamarron Average Expired Days on Market – 143

At the current selling rate, we have a 18.7 month supply of homes

on the market in Tamarron Estates in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $100.00 a sq ft. This is a substantial price reduction for

this area.  As you  can see, the expired sellers think their homes

will sell at $ 130-150/sq ft.  The two homes that have sold since

January might be distressed sales or foreclosed homes. List prices

have been reduced but not to a realistic price for buyers, as

evidenced by the 13 homes that expired.

The Absorption rate of 18.7 months is high for the Forest Hills area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be around $100 a sq ft and

in good condition to see your home sold successfully.

Additional Forest Hills Neighborhood Articles:

Forest Hills Michigan Real Estate Market Reports


If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly:  terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Photo of Leslie Tassell Park 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

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