Tag Archives: Forest Hills MI homes for sale

Watermark Residences Forest Hills MI ~ April 2009 Real Estate Market Report

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The Residences at Watermark are located on Watermark

Golf Course  just south of Cascade Road in Forest Hills School

District.   Yes, I play Watermark golf course every chance

I get.  Watermark is a premier course with a friendly group

of players, an excellent grounds staff and a great pro shop

staff, as well.

Watermark single family homes and condos are quality built

custom homes, which make this area a very attractive place to

live. Access off both Cascade Road and Spaulding Drive, you

are close to the airport,  28th Street shopping, I96 expressway

and close to Cascade, Ada, & Forest Hills schools and shopping

areas.

watermark entrance sm

                              Watermark Residences

                 April 2009 Real Estate Market Report

For Sale: 8

8 active Watermark Homes  currently on the market.

Average Current Active List Price is $ 745,763

Average current price per sq ft is $ 251.25

Average days on the market for active listings are 176

The high price is $ 2,700,000 and the low price is $ 179,800.

Sold: 3

There have been 3 Watermark Sold Homes since Sept 1, 2008

The average Watermark Sold Homes price is $ 461,667

The average Watermark Sold Homes price per sq ft is $184.39

The average days on the market for Watermark Sold Homes is 73.

Pending: 0

Expired: 12

At the current rate of sales, we have a 21.33 month Absorption Rate

at the Watermark Residences.  This means that it will take 21.33

months for the current listed homes to sell based on the current

rate of sales.  Prices are still falling slightly in this subdivision and

sales are very slow.  A great time to buy here but if you don’t

have to sell, you would be better off waiting until the local real

estate market rebounds.

 

If you would like further information about Watermark Residences,

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

terry@terrywestbrook.com

 

Watermark Residences March 2009 Market Report

Watermark Residences December 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Country Club ~ Pool Time

 

Westbrook Realty ~ Grand Rapids Ada Real Estate   

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook

Top Best Home Buys ~ Forest Hills Michigan ~ April 2009

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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 up again to 14 properties, from 12 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 $63,900 and the highest list price is

$236,537 for April 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  TFLA

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

4198 Knapp Ct NE             $ 63,900     1200 SqFt   $63.90/SqFt

6600 Cascade Rd              $104,900    1788 SqFt   $58.67/SqFt

6461 Cascade Rd SE         $139,900    2023 SqFt   $69.15/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

7965 Sandy Hollow Dr       $159,900   4342 Sq Ft   $36.83/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

2509 Shagbark Ave SE     $224,900  3017 Sq Ft    $74.54/SqFt

3426 Nottingham Dr NE    $ 69,900   1640 Sq Ft    $62.41/SqFt

4271 Woodside Oaks Ct    $236,537  3453 Sq Ft   $68.50/SqFt

 

If you would like to see a particular Top Best Buys Forest Hills

Home, please contact us at 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Forest Hills Michigan ~ Top Home Buys ~ March 2009

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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

Forest Hills Michigan Absorption Report ~ Dec 19, 2008

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Forest Hills Real Estate Market 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 prestigious

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

Christian that attract many homeowners. 

 This report will cover the Sept 1 to Dec. 18, 2008 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 14.95 months, which means

 if no new listings come on the market, it will take 14.95 months to sell the

existing homes at the current rate of sale.

There are 228 Active Forest Hills Listings in the over $300,000

category with an average price of $667,231.  The Active Listings have been

on the market for an Average of 158 Days.  The Average price per square

foot of Active Listings is $205.66 with a low price of $300,000 & a high

price of $2,700,000.

 

There have been 68 Sold Forest Hills Listings in the over $300,000

category with an Average price of $475,118.  The Average Sold price per

square foot is $ 161.62 with Average Days on the Market at 122. The lowest

sold price is  $319,000 & the highest sold price is $785,000.  There are 24

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 8.1

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

current rate of sales, it will take 10.9 months to sell all current inventory.

 

There are 202 Forest Hills Active Listings in Ada -Cascade with an

Average  Price of  $209,692. 

 The Average Active Price per Sq Ft is $120.82

and the Average Active Days on the Market are 115. 

 The High Active Price is $300,000 and the Low Active Price is $109,900.

 

There have been 74 Sold Forest Hills Listings in the last 4 months.  The

Average Sold Price is $194,174 with the Average Sold Price per square foot

at $106.64.  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 25 Pending

Sales in this category.

 

Market Synopsis: Although the absorption rate is one of the lowest in

the area, for the under 300K homes, there seems to be a disconnect

between sellers and buyers price expectations.

 Average list price has risen, while average sold price has lowered in this

price  category.  If you have your home listed, you just might  be chasing

the market down.  This is not an effective way to market and sell your home.

Average Sold prices for the over 300K price group has fallen about $20K

since  last month.

If you find yourself in this category, you will need to price your home for

the  buyers market we are currently in. Overpricing the market is a huge

mistake.  If you don’t need to sell, please consider taking your home off the

market,  now  is not the time to test the waters.

 

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.

 

Grand Rapids Ada Real Estate  Five Star Real Estate LLC

Copyright 2008  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

 

Ada Michigan Real Estate Market Report ~ Adatowne Sept 2008

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Adatowne is a popular entry level home market in the Ada 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

    September 2008 Real Estate Market Report   

           8  Sold, 0 Pending, 3 For Sale

 

  adatowne residential neighborhood ada mi

 

 Address             Status      Price       Sq Ft       $/Sq Ft     DOM

6686 Adaridge  For Sale   179,900   1200      149.91        27

448 Adapointe  For Sale   174,900   1984        88.15         20 

6873 Adaside    For Sale    149,900   1264     118.59         12 

6705 Adaridge      Sold       143,900      1056      136.26      74 

7028 Adaridge      Sold       149,900      2116        70.84        8 

6869 Adaridge      Sold       115,000        988       116.39     20 

6885 Adaridge      Sold       124,000      1270         97.63     81  

6966 Rix St.           Sold       119,625      1052       113.71     119 (F) 

6674 Adaridge      Sold       142,000      1056       134.46     151 

6824 Adaside        Sold       142,600      1028       138.71     260

6767 Adaridge      Sold        154,500     1300       118.84       20

(F) = Foreclosure

144 homes have sold in Ada Township in 2008,

Average price is $309,407.  15% fewer homes have

sold in 2008 but the average price has increased by  3%.

 

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 unit condo development

 Villas of Ada  and Stone Falls of Ada – a 210 unit apartment

complex, currently under construction here.  Both new sites plan

on being open in 2009. 

 

If you would like detailed information about Ada Homes, please feel free

to contact me directly at 1-888-240-1968.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Copyright 2008 All rights reserved

Photo of Rix Dr. by Bonnie Westbrook