Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011

Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011

 

Quick Snapshot of Catamount Real Estate Activity

                 July 1 through Sept 30, 2011

maple tree Grand River Dr Ada MI

Active Listings – 2            $675,00 to $775,000

Pending Sales – 0

Sold Properties – 2    

Average Sold Price – $ 620,000

 

If you would like information about a Catamount home,

please contact Terry at 616-292-7263.

 

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Forest Hills Michigan Real Estate Articles

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan.  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

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Cascade Township Michigan Neighborhood Absorption Report ~ Caravelle Village ~ May 2009

Cascade Neighborhood Absorption Report

Caravelle Village is an established subdivision built in the late 1960’s

and 1970’s just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township.  These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches.  A desirable

place to live with median priced homes, Forest Hills Schools, and close to

28th shopping and restaurants. Originally built by a variety of builders, the

homes here are quality construction in a safe neighborhood and close to

the historic village of Cascade and 28th Street shopping.

Leslie E Tassell Park

           Caravelle Village Residential Real Estate

                       May 2009 Market Report


                   4 For Sale, 1 SOLD, 1 Pending, 1 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 177,425

Caravelle Village Average Active Price/Sq Ft – $ 129.79

Caravelle Village Average Days on the Market – 204

 

Caravelle Village SOLD Listings: 1

Caravelle Village Average Sold Price – $ 175,000

Caravelle Village Average Sold price/SqFt – $ 128.39

Caravelle Village Average Sold Days on the Market – 34

 

Caravelle Village Pending Listings: 1

Caravelle Village Expired Listings: 1

 

At the current rate of sales, we have a 20 month supply of homes in

Caravelle Village, if no new homes come on the market.

 

MARKET SYNOPSIS: Only one home has sold in Caravelle Village since

January of this year.  The average listed price has dropped about $10K

from last year, but buyers are still reluctant.

This has been a popular area for home buyers, but your home must be

in top notch condition and priced to sell in today’s market.

 

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

 

Grand Rapids -Ada Real EstateWestbrook Realty

Copyright 2009  All rights reserved

photo of Cascade Town Hall Gardens by Bonnie Westbrook

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

Janpanese Maple Ada Michigan

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

Copyright 2008 All rights reserved

Japanese Maple photo by Bonnie Westbrook

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

Catamount properties are in the rolling hills adjacent to the

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

community with privacy and wooded acreage.  Executive style

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

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

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

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

Grand Rapids area. 

Grand River Ada Michigan

                      Catamount Market Report 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

Copyright 2009  All rights reserved

photo of the Grand River in Ada  by Bonnie Westbrook

Forest Hills Michigan Real Estate Market Report ~ May 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 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

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Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Forest Hills Michigan ~ Top Home Buys ~ March 2009

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

Copyright 2009 All rights reserved