Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960’s and 1970’s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for  decades.

Part of the Forest Hills School District, which draws many families,

there is also the river and it’s picturesque appeal.  The drive down

Thornapple River Drive between Ada and Cascade in the fall is one

of the prettiest drives in the greater Grand Rapids area.

   Cascade Woods  Absorption Market Report  

                        March 2009

    8 Homes For Sale,  0 Pending,  4 SOLD, 12 Expired

Cascade Woods Active Listings: 8

Cascade Woods Active average price – $285,025

Cascade Woods Active average $/SqFt – $112.48

Cascade Woods Active average days on market – 119

 

Cascade Woods Sold Listings: 4

Cascade Woods average sold price – $142,500

Cascade Woods average sold $/SqFt – $ 61.80

Cascade Woods average sold days on market – 80 days

 

Cascade Woods Expired Listings: 12

Cascade Woods Expired average price – $386,650

Cascade Woods Expired average $/Sq/Ft – $ 135.77

Cascade Woods Expired average days on market – 187

 

The Absorption Rate for Cascade Woods Homes is 4 months,

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

4 months to sell the existing inventory.  The average sold price

per SqFt is half of the Active listings Price /SqFt.  It could reflect

foreclosures and homes in poor condition that have sold over

 the last 7 months. 

Or it could be home condition which is slowing the sales of

older homes in this area.  You can see that the expired listings

had their homes priced $100K over the average list price.

Will the spring market see an uptick in prices paid for Cascade

Woods homes?

 

Today’s buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, new flooring. If your Cascade

Woods home hasn’t  sold, it is probably condition,  which gets

us back to price.  If you don’t want to improve your home, you

won’t get the same price as people who have updated and kept

their home current according to recent trends.

 

Cascade Woods December 2008 Market Report

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

 

Grand Rapids -Ada Real Estate – Five Star Real Estate

Copyright 2008  All rights reserved

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook