Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Posted on September 13, 2009 by Terry & Bonnie

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 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 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

August 2009 Market Report

2 Sold, 3 For Sale, 0 Expired, 0 Pending

Adacroft Commons Active Listings: 3

Adacroft Commons Active Price – $183,233

Adacroft Commons Active Price/SqFt – $124.32

Adacroft Commons Active Days on Market -70

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 Expired Listings: 0

There are only 3 current homes for sale in Adacroft Commons

listed on the local MLS board. This is a desirable area

to live, with its close proximity to Forest Hills Central Middle &

High Schools. In the above stats you can see that homes are

selling for under $100/SqFt. This neighborhood hasn’t seen any sales

since April 2009, so activity has slowed considerably. Homes that

are in great condition and priced appropriately have the best

chance of selling in this buyer’s market.

Ada Michigan Real Estate

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

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

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Forest Hills Michigan Real Estate Market Report ~ May 2009

Posted on May 28, 2009 by Terry & Bonnie

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

Click here ^ to subscribe to my Grand Rapids Blog

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Forest Hills Michigan Real Estate Market Report ~ Adatowne ~ March 2009

Posted on March 27, 2009 by Terry & Bonnie

Adatowne is a popular entry level home market in the Ada area of

the Greater Grand Rapids metropolitan 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

March 2009 Real Estate Market Report

4 Sold, 3 Pending, 3 For Sale

Adatowne Active Listings: 3

Adatowne Average Active price – $158,433

Adatowne Active average price/SqFt – $105.14

Adatowne Active average days on market – 51

Adatowne Pending: 3

Adatowne Sold Listings: 2

Adatowne Average Sold Price – $ 119,000

Adatowne Average sold price/SqFt – $ 91.00

Adatowne Average Sold days on market – 40

MARKET SYNOPSIS: Absorption Rate for Adatowne is 4.2 months,

which means it would take 4.2 months for the 3 active listings to sell,

if no other homes entered the market, according to current sales

statistics. The price per square foot here really tells the story: Active

listings are averaging $ 105/sqft and sold are averaging $ 91/sqft.

With the new trend of consumers downsizing and the popularity of

Forest Hills Schools, the real estate market should remain strong

and viable for Adatowne homes, as long as they are in "great

condition" and priced at less than $100 sq ft.

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Adatowne Market Report Sept 2008

Adatowne Market Report Jan 2009

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI walking path by Bonnie Westbrook

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

Posted on March 4, 2009 by Terry & Bonnie

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. As a bonus, this cute little guy will be one

of your new neighbors.

Catamount Market Report February 2009

6 For Sale, 4 Sold, 5 Expired, 1 Pending

Catamount Active Listings: 6

Catamount average active price – $799,296

Catamount average active price /SqFt – $ 221.41

Catamount average days on market – 222

Catamount SOLD Listings: 4

Catamount average sold price – $ 676,250

Catamount average sold price/SqFt – $ 224.03

Catamount average sold days on market – 71

The Absorption Rate for Ada Moorings Homes is 21 months, which means if

no new listings come on the market it will take 21 months for the existing

homes to sell at the current rate of sales. The average sold price dropped

in 2008 and into the 2009. The average list price is $125,000 over current

selling price. Only 4 homes sold in the last 14 months, which means buyers

are scarce in this segment of the market.

If you would like further information about the value of your Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0.

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Grand River in Ada by Bonnie Westbrook

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Posted on March 4, 2009 by Terry & Bonnie

Ada Moorings is located off Grand River Drive, just east of Ada and

close to Ada Township Park. A recent development by Eastbrook

Builders, these homes are in Forest Hills Public School

District. Close to the village of Ada and not far from the village of

Cascade,this subdivision is near 28th Street shopping, the Thornapple

and the Grand Rivers.

Grand River Ada Michigan

Ada Moorings Market Report February 2009

3 For Sale, 9 Sold, 4 Expired

Ada Moorings Active Listings: 3

Ada Moorings average active price – $225,967

Ada Moorings average active price /SqFt – $ 121.78

Ada Moorings average days on market – 162

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,211

Ada Moorings average sold price/SqFt – $ 125.24

Ada Moorings average sold days on market – 91

The Absorption Rate for Ada Moorings Homes is 3.3 months, which means if

no new listings come on the market it will take 3.3 months for the existing

homes to sell at the current rate of sales. The average list price has dropped

$20,000 in the last quarter of 2008 and into the 2009, which means sellers

are closer to the actual market price. The average sale price has stayed the

same. The market is good in Ada Moorings, 3.3 months is a great absorption

rate for the Grand Rapids Area.

Ada Moorings Market Report Dec 2008

Ada Moorings Market Report Oct 2008

Ada Moorings Market Report Sept 2008

Ada Moorings Market Report Aug 2008

Ada Moorings Market Report July 2008

Ada Moorings Market Report June 2008

If you would like further information about the value of your Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1968 ext 0

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Ada Park Entrance in Ada by Bonnie Westbrook

Ada Michigan Real Estate Absorption Report ~ Feb 2009

Posted on February 25, 2009 by Terry & Bonnie

Ada Woods is an established development of homes in Ada, Michigan,

just west of Ada and south of Fulton Street (M46). Ada Woods started

out as an E.L. Ladd development, but towards the end of the project

many lots were sold to other builders and completed by individual owners.

The dates of building range from 1980’s to 2005. Most of the homes

have more square footage and more amenities than Adacroft Commons,

its adjacent neighborhood. As with Adacroft Commons, there is designated

common land in the development that remains heavily wooded and in a

natural state. This development is in the Forest Hills School System and

close to several private schools.

Ada Woods Real Estate Absorption Report

February 2009

7 Sold, 3 For Sale, 9 Expired

Ada Woods Active Listings: 3

Ada Woods Average Active Price – $ 325,933

Ada Woods Average Active Price/SqFt – $130.94

Ada Woods Average Days on Market – 121

Ada Woods SOLD Listings: 7

Ada Woods Average Sold Price -$ 306,079

Ada Woods Average Sold Price/SqFt – $117.76

Ada Woods Average Sold Days on Market – 127

Ada Woods Expired Listings: 9

Ada Woods Average Expired Price – $ 319,678

Ada Woods Average Expired Price/SqFt – $ 135.51

Ada Woods Average Expired Days on Market – 162

The Absorption Rate for Ada Woods Homes is 6 months, which

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

6 months at the current rate of sales to sell the existing homes

inventory.

MARKET SYNOPSIS: The average sold price has lowered about

$ 7,000 since December 2008. The average asking price has

lowered about the same, but not enough to get buyers off the fence.

The expired number is up which tells me that some sellers have

given up trying to get their higher asking price.

If you don’t have your Ada Woods home priced below $ 120.00 a sq ft,

you will be waiting for a stronger sellers market to sell your home.

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

Ada Woods Market Report Nov 2008

Ada Woods MI Market Report Dec 2008

If you have any questions about Grand Rapids or Ada Homes,

please contact me directly through my web site.

Grand Rapids MI Real Estate – Westbrook Realty

Headley St in Ada Mi photo by Bonnie Westbrook

Forest Hills MI ~ Watermark Residences Absorption Report Feb 2009

Posted on February 19, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road.

Yes, I play Watermark golf course every chance I get.

Watermark is a premier course with a friendly group of players. We have an excellent grounds staff and a great pro shop staff.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

Watermark Residences

February 2009 Real Estate Market Report

For Sale: 7

There are 7 active Watermark Homes currently on the market.

The average Watermark Homes current active price is $ 809,743.

The average Watermark Homes current price per sq ft is $ 240.39.

The average days on the market for active Watermark Homes is 125.

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

Sold: 7

There have been 7 Watermark Sold Homes since May 1, 2008.

The average Watermark Sold Homes price is $ 491,714.

The average Watermark Sold Homes price per sq ft is $193.81.

The average days on the market for Watermark Sold Homes is 71.

Pending: 0

Expired: 18

At the current rate of sales, we have a 9.35 month supply of homes on

the market at the Watermark Residences.

If you would like further information about Watermark,

Cascade or Forest Hills Homes, please contact me directly.

Watermark Residences December 2008 Market Report

Watermark Residences November 2007 Market Report

Watermark Residences October 2008 Market Report

Watermark Residences September 2008 Market Report

Watermark Residences August 2008 Market Report

Watermark Country Club ~ Pool Time

Grand Rapids – Ada Real Estate – Five Star Real Estate

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids Township MI Absorption Report ~ February 2009

Posted on February 14, 2009 by Terry & Bonnie

Grand Rapids Township Real Estate Market Report

Current Absorption Rate for Grand Rapids Township homes is 11 months,

which means if no new listings come on the market, it will take 11 months

to sell the existing inventory of homes.

There are 193 Active listings currently for sale.

The average List price is $ 308,284

Average List price $/SqFt $141.77

97 Sold & Pending Grand Rapids Township Homes since 9-1-08.

The average SOLD price is $ 248,346

Average Sold Price /SqFt $123.70

High Sold Price $ 775,000

Low Sold Price $ 57,500

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly.

Grand Rapids -Ada Real Estate – Five Star Real Estate

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

Grand Rapids Absorption Report ~ Clements Mill Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

Clements Mill is a newer home development built by EastbrookConstruction in the Ada MI area, started in 1999 and completed in2003. Apart from newer homes, part of the appeal is the proximityof Forest Hills Central Middle and High Schools, Forest Hills Woodlands 5/6 School, St Roberts & Ada Christian Schools, whichare within walking distance.Clements Mill is midway between the Village of Ada and Forest Hillsshopping area at Cascade Road and Forest Hills.Ada’s Clements Mill has seen steady to declining values in the shorttime it has been built out. This is largely due to the current overabundance of houses for sale in a soft resale market. Clements Mill Market Report

January 2009

23 Sold, 7 For Sale, 12 ExpiredClements Mill Active Listings: 7Average Active Price: $250,371Average Active Price/SqFt: $121.52Average Active Days on Market: 64 Clements Mill Sold Listings: 23Average Sold Price: $275,421Average Sold Price/SqFt: $122.27Average Days on Market: 103 Clements Mill Expired Listings: 12Average Expired Price: $263,408Average Expired Price/SqFt: $ 126.19Average Expired Days on Market: 165 Absorption Rate for Clements Mill homes is averaging1.9 sold homes per month for 2008/2009 to date.With 7 current listings, there is a 3.6 month supply. Clements Mill Market Report Nov 2008Clements Mill Market Report Sept 2008Clements Mill Market Report July 2008Clements Mill Market Report June 2008 The Ada area growth trends remain strong. Ada Township planner,Jim Ferro states that the Ada population has grown by 20% since2000. There is a new proposed 80 condo units – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyopen & under construction here. The Stone Falls of Ada apartmentprojectis adjacent to Clements Mill. Both are scheduled for completion by spring 2009.If you have detailed questions about Ada Homes, Forest Hills Homes orjust need further information, please contact me directly. Grand Rapids Ada MI Real Estate Five Star Real Estate LLCCopyright 2009 All rights reservedAda Drive Walking Trail Photo by Bonnie Westbrook

Grand Rapids MI Absorption Report ~ Adacroft Commons ~ Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

The Ada area growth trends remain strong. Ada Township planner,Jim Ferro states that the Ada population has grown by 20% since2000. There is a new proposed 80 unit condo site – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyunder construction here. Both of these new developments are quiteclose to Adacroft Commons. Adacroft Commons Real Estate January 2009 Market Report

9 Sold, 0 For Sale, 10 Expired

Adacroft Commons Entrance Ada MI 49301 Adacroft Commons Active Listings: 0Adacroft Commons Active Price – $Adacroft Commons Active Price/SqFt – $Adacroft Commons Active Days on Market – Adacroft Commons SOLD Listings: 9Adacroft Commons average sold price – $ 165,222Adacroft Commons average sold price/SqFt – $97.49Adacroft Commons average sold days on market -78 Adacroft Commons Expired Listings: 10Adacroft Commons average expired price – $ 186,410Adacroft Commons average expired price/SqFt – $ 134.36Adacroft Commons average days on market – 110 There are no current homes for sale in Adacroft Commonslisted on the local MLS board. This is an extremely desirable areato live, with its close proximity to Forest Hills Central Middle &High Schools. In the above stats you can see the $20,000disconnect between sellers and buyers, or $36 /SqFt. on themain floor. If you would like to sell in this market, you have tobe priced at the current market price, not 2004 prices, IF you wantto sell your home. Forest Hills MI Market Report Dec 2008 Adacroft commons Adacroft Commons Market Report Oct 2008 Adacroft Commons Market Report Aug 2008 If you have detailed questions or just need general informationabout Grand Rapids or Ada Homes, please contact me directly. If you would like to receive these monthly reports in your inbox,please contact us or subscribe to our RSS feed. Grand Rapids Ada MI Real Estate – Five Star Real EstateCopyright 2009 All rights reservedAdacroft Commons Entrance Photo by Bonnie Westbrook

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Tag Archives: Forest Hills Mi real estate market report

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Ada Michigan Neighborhood Real Estate Market Report Adacroft Commons August 2009

Forest Hills Michigan Real Estate Market Report ~ May 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills Michigan Real Estate Market Report ~ Adatowne ~ March 2009

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

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Ada Michigan Real Estate Absorption Report ~ Feb 2009

Forest Hills MI ~ Watermark Residences Absorption Report Feb 2009

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road.

Yes, I play Watermark golf course every chance I get.

Watermark is a premier course with a friendly group of players. We have an excellent grounds staff and a great pro shop staff.

Grand Rapids Township MI Absorption Report ~ February 2009

Grand Rapids Township Real Estate Market Report

Grand Rapids Absorption Report ~ Clements Mill Jan 2009

Grand Rapids MI Absorption Report ~ Adacroft Commons ~ Jan 2009