Forest Hills Michigan Real Estate Market Report Jan-Dec 2011
Forest Hills is a school district in Ada–Cascade Michigan
real estate market that is always active. This Grand Rapids suburban
community has wonderful neighborhoods, some new and some older
with Top Ranked Forest Hills Public Schools, and private schools, and
a life style that attracts many home owners.
2012 first Quarter real estate market activity.
Under $250,000 Homes:
Forest Hills Current Listings = 144
Average Sale price – $164,911
Average Time on Market = 3-4 months
Average Sold Price/Sq Ft = $ 98.27
Absorption Rate = 2.9 months
$ 250,001 and Up Homes:
Forest Hills Current Listings = 192
Average Sale Price = $ 410,964
Average Time on Market = $2.6 –4 months
Average Sold Price/Sq Ft = $95.31
Absorption Rate = 6.4 months
Home inventory is higher in the upper priced home market and
effects the Absorption Rate, which is double that of the homes under
$ 250K. Prices have dropped across the board but buyer demand is
still sluggish. With the mild winter weather and a head start on spring,
we will see if this effects the local real estate market.
Call Terry if you are interested in purchasing or selling a Forest Hills home.
He has over 35 years of experience in selling and buying West Michigan
and Forest Hills homes.
Additional Forest Hills Articles:
Forest Hills Real Estate Market Reports
Forest Hills District Ranks Top in State
Forest Hills District Posts MEAP Scores
If you would like specific information about an Ada Cascade or
Forest Hills MI Homes, please contact me directly.
Copyright 2012 All rights reserved
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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