Ada Michigan Neighborhood Real Estate Report Adacroft Commons Jan-April 2013

Ada Michigan Neighborhood Real Estate Report  Adacroft Commons  Jan – April –  2013

Snapshot of Adacroft Commons Real Estate Activity

Jan 1 through April 30, 2013

AdacroftCommonsentrance thumb Ada Michigan Neighborhood Real Estate Report  Adacroft Commons  May – Aug 2012

 

Active Listings – 2     

Pending Sales – 1

Sold Properties – 1

 

Sold homes in Adacroft Commons are averaging $ 92 per square

foot.  Not many homes available in Adacroft Commons, demand is about

equal to supply, which is a new development for most Forest Hills neighborhoods.

 

It could be the perfect time to sell your Adacroft home, call Terry today if

you are thinking about selling.  He can give you a good idea of comparable

sales and  help you prepare to get the most out of your home sale.

 

 

SEARCH FOR FOREST HILLS HOMES

Ada Michigan Photos

Forest Hills Michigan Real Estate Articles

____________________________________________

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!

ar125812212017642 Ada Michigan Neighborhood Real Estate Report  Adacroft Commons  Jan–April 2012 ar125812218972939 Ada Michigan Neighborhood Real Estate Report  Adacroft Commons  Jan–April 2012 ar125812225271331 Ada Michigan Neighborhood Real Estate Report  Adacroft Commons  Jan–April 2012

Westbrook Realty Grand Rapids MI Real Estate

              Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

 

Ada Michigan Neighborhood Real Estate Report Catamount Jan- April 2013

Ada Michigan Neighborhood Real Estate Report Catamount  Jan- April 2013

P1060796_thumb.jpg

Snapshot of Catamount Real Estate Activity Jan 1 through April 30, 2013

 

Active Listings – 0         

Pending Sales – 2

Sold Properties – 3         Average Sold Price – $ 541,000

 

Higher priced homes are selling this spring in Forest Hills district.

Home inventory entering this market is shrinking and demand is increasing.

This opens the door for new construction, which has been on the rise.

 

If you are thinking about selling your Catamount home, now is the time to

enter the market, don’t wait for the new spec homes to compete with yours.

 

If you would like information about a Catamount home or are considering

selling your Catamount home, please contact Terry at 616-292-7263.

 

SEARCH FOR FOREST HILLS HOMES

Ada Michigan Photos

Forest Hills Michigan Real Estate Articles

____________________________________________

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!

ar125812212017642 Ada Michigan Neighborhood Real Estate Report Catamount  May Aug 2012 ar125812218972939 Ada Michigan Neighborhood Real Estate Report Catamount  May Aug 2012 ar125812225271331 Ada Michigan Neighborhood Real Estate Report Catamount  May Aug 2012

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

 

Forest Hills Michigan Real Estate Market Report Jan-Mar 2013

Forest Hills Michigan Real Estate Market Report Jan-March 2013

by Bonnie Westbrook

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, private schools, and

a life style that attracts many home owners.

 

Winter Aconite Blooms

Winter Aconite Blooms

 

First Quarter 2013 Real Estate Market Activity

 

Under $250,000 Homes:

Current Listings = 74

 Pending Home Sales = 47

Sold Homes = 87

Average Sold price – $168, 802      

 

$ 250,001 and Up  Homes:

Current Active Listings = 144

Pending Sold Homes =3 4

 Sold Homes = 80

Average Sold Price = $ 477,667

 

Home  prices are rising in Forest Hills for the last 12 months,

especially this first quarter of 2013.  We see about 10% price rise in the under

$250K category and about 15% in the upper priced homes.  Good news for

Forest Hills home sellers and even though prices are rising, interest rates are

still low for buyers.  If you have been waiting for prices to get back on the upswing,

now might be the right time to put your home on the market.

 

Call Terry if you are interested in buying or selling a Forest Hills home.

He has over 40 years of experience in selling and buying West Michigan

and Forest Hills homes.

 

SEARCH 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 Home, please contact me directly.

 

Copyright 2013  All rights reserved

_____________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Real Estate Market Report Oct   Dec 2012 ar125812218972939 Forest Hills Michigan Real Estate Market Report Oct   Dec 2012 ar125812225271331 Forest Hills Michigan Real Estate Market Report Oct   Dec 2012

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Top Best Buy Homes May 2010

We have  a list of the Top Best Forest Hills Houses

(Ada-Cascade) to buy, based on price per square foot.

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,

new plumbing, electrical & other major mechanicals.

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

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.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

meadowbrook elementary school forest hills mi

The list of Top Best Buy Homes for Forest Hills Michigan

May 2010 – 25 properties.

The lowest price/Sq Ft for homes range from $34.78 to $79.58 in

Forest Hills.

Lowest list price is $59,000

Highest list price is $249,900

May 2010 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.

WARNING: Some of these homes may be bank owned foreclosures,

short sales 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:

6230 Lincolnshire Ct SE   $ 59,000    1296 Sq Ft     $45.52/SqFt

2674 Chatham Woods Dr  $ 59,900    926 SqFt      $63.71/SqFt

2629 Chatham Woods Dr  $ 67,500    1363 Sq Ft    $73.93/SqFt

1417 Grand River Dr NE   $ 75,000    1248 Sq Ft     $60.10/SqFt

6351 Wainscot Dr SE       $ 75,000      1116 Sq Ft     $67.20/SqFt

3914 Cascade Rd Dr        $84,000      1240 Sq Ft     $67.74/SqFt

2201 Shady Dr NE           $85,000     2444 Sq Ft     $34.78/SqFt

3949 Reeds Lake Blvd    $ 85,000     2188 Sq Ft     $38.85/SqFt

3181 Charlevoix Dr         $ 94,900    1338 Sq Ft     $70.93/SqFt

2049 Rowland Ave          $ 94,900    1280 Sq Ft    $74.14/SqFt

3005 Chapshire Dr          $ 95,000      1224 Sq Ft    $77.61/SqFt

4485 Whitneyville Ave    $ 95,000      2600 Sq Ft    $72.41/SqFt

6650 Cascade Rd SE        $ 95,000      2000 Sq Ft    $65.70/SqFt

3747 Bradford St NE        $100,000    1640 Sq Ft    $60.98/SqFt

970 Ada Place Dr Se       114,900      1667 SqFt     $78.22/SqFt

1791 Grand Ct NE            $117,900     1600 Sq Ft   $73.69/SqFt

1787 Park Trail NE            $117,900     1600 Sq Ft   $73.69/SqFt

3333 Park Ridge Ln NE     $124,300    1600 Sq Ft   $77.69/SqFt

1789 Grand Ct NE            $ 124,900    1600 SqFt    $78.06/SqFt

3346 Dean Lake Ave         $139,900    2520 Sq Ft    $79.58/SqFt

43 Robinhood Dr NE      $139,900     2328 SqFt     $/69.39SqFt

6948 Maplecrest Dr SE   $159,000     2692 SqFt     $59.06/SqFt

201 Shorehaven Dr SE    $199,000    2600 Sq Ft     $76.54/SqFt

205 Shore Haven Dr        $199,900    2652 SqFt    $75.38/Sq Ft

5739 Fulton St E             $ 249,900   4557 Sq Ft    $69.77/SqFt

More Forest Hills Michigan Real Estate Articles 2010

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

_____________________________________________________________________________________________________

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010

Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010

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 Public 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 Home for Sale

More information about this Cascade Woods Home on our web site.

Cascade Woods Market Report Jan – April 2010

10 Homes For Sale,  0 Pending,  1 SOLD, 5 Expired

Cascade Woods Active Listings: 10

Cascade Woods Average price – $386,260

Cascade Woods Average $/SqFt – $141.29

Cascade Woods Average days on market – 116

Cascade Woods Sold Listings: 1

Cascade Woods average price – $211,000

Cascade Woods average $/SqFt – $ 81.40

Cascade Woods average days on market – 135 days

Cascade Woods Expired Listings: 5

The Absorption Rate for Cascade Woods Homes is 40 months,

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

3.3 years to sell the existing inventory.   The average sold price

has actually risen but one sale doesn’t make a trend.

This could reflect foreclosures, short sales, and homes in dated

condition  that have sold over the last 12 months. The average list

price  has decreased by over 9% since 2009.   Only 1 Cascade Woods

home has sold since this year, so far.

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

painting, new kitchens & baths, and 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.

Forest Hills Michigan Real Estate Reports ~  2010

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Neighborhood Real Estate Market Report – Tammarron Estates – April 2010

Cascade Township  Michigan Neighborhood Real Estate Market Report Tamarron Estates April 2010

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.

2 swans on Watermark pond

Tamarron Residential Real Estate

Jan-April 2010 Market Report

2 Sold,  6 For Sale, 1 Pending, 1 Expired


Tamarron Active Listings: 6

Tamarron Average Active Price – $ 511,300

Tamarron Average Active Price/SqFt – $ 135.25

Tamarron Average Active Days on Market – 44

Tamarron  SOLD Listings: 2

Tamarron Average Sold Price $ 209,500

Tamarron Average Sold Price/SqFt – $ 78.38

Tamarron Average Sold Days on Market – 92

Tamarron Expired Listings: 1

At the current selling rate, we have a 9 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.

The Absorption rate of 9 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.

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 Swan Pair 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 – Oh, Deer  Oh, Deer ar125812218972939 Foto Friday – Oh, Deer  Oh, Deer ar125812225271331 Foto Friday – Oh, Deer  Oh, Deer

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report – Jan-March 2010

Forest Hills  Michigan Real Estate Market Report – Jan-Mar 2010

Forest Hills is actually a school district in AdaCascade MI. This market

is always active. These Grand Rapids Michigan 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 2010 first quarter real estate market activity,

which we have broken down into 3 separate price categories, which

have very different markets emerging for 2010 totals.

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 20 month Absorption Rate, which

means it would take 20 months for the current inventory to sell.

Active Listings – 100

Average List Price – $ 843,635

Pending – 8

Sold – 7

Average sold price: $ 893,857

Average Sold/Sq Ft: $207.93

Forest Hills MI Listings  $250,001 – 499,999

The absorption rate for Forest Hills homes in this price

bracket is 7.4 months, which means if no new listings

come on the market, it will take 7.4 months to sell the

existing $250K-499K homes at the current rate of sale.

This rate is down significantly from  2009 rates, and sold

prices are inching upward. Inventory is up slightly, but

number of 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: 156

Average list price of $358,671

Sold Forest Hills Listings: 31

Average sold price $346,244

Average Sold price/sq ft $ 151.27

Pending Listings: 32

Forest Hills Active Listings $50,000 – $250,000

The Absorption rate for Forest Hills homes in this price range is 6.8

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

current rate of sales, it will take 6.8 months to sell all current inventory.

This is up from last quarter, but still within normal range, a fast moving

area of the Grand Rapids real estate market.

Forest Hills Active Listings 139

Average List Price $178,575

Sold Forest Hills Listings 61

Average Sold Price  $ 181,467

Average Sold Price/sq ft $100.60

Pending Sales 55


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 2010  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 Foto Friday – Oh, Deer  Oh, Deer ar125812218972939 Foto Friday – Oh, Deer  Oh, Deer ar125812225271331 Foto Friday – Oh, Deer  Oh, Deer

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 Michigan Neighborhood Real Estate Market Report Caravelle Village Jan-Dec 2009

Cascade Michigan Neighborhood Real Estate Market Report Caravelle Village Jan- Dec 2009

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 Public 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 Gerald Ford International

Airport.

Leslie E Tassell Park

Caravelle Village Residential Real Estate

Jan-Dec 2009 Market Report


4 For Sale, 3 SOLD, 0 Pending, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 192,325

Caravelle Village Average Active Price/Sq Ft – $ 123.52

Caravelle Village Average Days on the Market – 239

Caravelle Village SOLD Listings: 3

Caravelle Village Average Sold Price – $ 176,000

Caravelle Village Average Sold price/SqFt – $ 111.30

Caravelle Village Average Sold Days on the Market – 74

Caravelle Village Pending Listings: 0

Caravelle Village Expired Listings: 4

At the current rate of sales, we have a 16 month supply of homes in

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

MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since

January of this year.  The average listed price has risen by $20K since

summer, but buyers are still reluctant to purchase.

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.  Note the difference

between average list price/sq ft and average sold price/sq ft above, this tells

the whole story.

Additional Forest Hills Michigan Articles:

Forest Hills Michigan Neighborhood Real Estate Market

Copyright 2009  All rights reserved

photo of Tassell Park at the Thornapple River 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

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report – East – West Village Jan–Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report East West Village Jan-Dec 2009

The East/West Village subdivision off  Ada Drive in Ada Township

is a fairly new development. The new housing construction started in 2005

and is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development.  Near both public and

private schools, East Village is also close to  Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada, Grand Rapids, and the

village of Cascade.

East Village is also close to the I96 expressway for easy access to many

different parts of our greater Grand Rapids area.  Large, executive style

homes with many amenities and extras are the rule in this neighborhood.

If you would like to start with a brand new house in Forest Hills,

this may be the place for you to call home.

Ada mi bike trail

Real Estate Market Report East-West Village Jan-Dec 2009

For Sale: 4

East Village Homes average list price: $ 462,450

East Village average price/sq ft (main floor): $ 159.36

East Village average days on the market:112 days

Pending Sales : 1

Sold Homes : 6

East Village SOLD homes average price: $ 413,983

East Village SOLD homes average price/sq ft: $146.43

East Village SOLD homes average days on market: 99 days

Expired: 10


Market Synopsis: East -West Village Homes are selling, if priced correctly.

Buyers are paying from $115-160/SqFt on the main floors, which is down from

last summer’s prices.  New construction is priced higher, so an existing

home should be priced lower per square foot than a new one.

The absorption rate for East -West Village is 8 months, which means

if no new homes enter the marketplace, it will take 8 months

for the current home inventory (4) to sell.  This is  high for the Ada – Forest

Hills area, it reflects the higher prices of the homes, even though

they are located in Forest Hills.  Higher priced homes are slow movers

on today’s market due to buyer’s jitters about further market devaluation.

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

If you would like further information about East or West Village, Ada, or

Grand Rapids Homes, please contact me directly.

photo of Ada Bike Trail  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

OUR FLICKR PHOTOSTREAM