Grand Rapids MI ~ Watermark Residences Market Report ~ January 2009

Posted on January 30, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road. If you don’t like golf,

get defensive when a stray golf ball rolls into your “yard” you probably

would be better off not buying a home or condoat Watermark.

Of course you would be missing out on thebest golf course in

Grand Rapids (no prejudice here, just the facts, folks)

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

Watermark is a premier course with a friendly group of players.

We have anexcellent grounds staff and a great pro shop staff.

Watermark single family homes and condos make this

a very attractiveplace to live. Quality built homes with access

off Cascade Road andSpaulding Drive, you are close to the

airport, 28th Street shopping,I96 expressway and close to

Cascade, Ada, and Forest Hillsschools and shopping areas.

Watermark Residences

January 2009 Real Estate Market Report

For Sale: 7

7 active Watermark Homes currently on the market.

Watermark Homes current active price: $ 809,743

Watermark Homes current price/sq ft is $ 240.39

Watermark Homes average days on market : 109

Sold: 7

There have been 7 Watermark Sold Homes since Jan ’08.

Watermark Sold Homes average price: $ 500,333.

Watermark Sold Homes average price/sq ft: $191.68.

Watermark Sold Homes average days on market: 71

Pending: 1

Expired: 17

Average expired price: $538,047

Average expired price/sqft: $210.49

At the current rate of sales, we have a 12 month supply of homes on

the market at the Watermark Residences. Until active prices start to

align with sold prices, we don’t expect to see much activity in this area.

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 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Residences September 2008 Market Report

Watermark Country Club ~ Pool Time

Grand Rapids Real Estate – Westbrook Realty

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids MI Real Estate Market Report

Posted on January 20, 2009 by Terry & Bonnie

Cascade Neighborhood Absorption Report

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 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 28th Street shopping.

town hall gardens cascade mi

Caravelle Village Residential Real Estate

January 2009 Market Report

4 For Sale, 7 SOLD, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 188,675

Caravelle Village Average Active Price/Sq Ft – $ 131.17

Caravelle Village Average Days on the Market – 141

Caravelle Village SOLD Listings: 7

Caravelle Village Average Sold Price – $ 183,071

Caravelle Village Average Sold price/SqFt – $ 128.21

Caravelle Village Average Sold Days on the Market – 62

Caravelle Village Expired Listings: 4

Caravelle Village Average Expired Price – $191,125

Caravelle Village Average Expired Price/SqFt – $124.08

Caravelle Village Average Expired Days on the market – 124

At the current rate of sales, we have a 6.4 month supply of homes in

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

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year. The average listed price has remained constant,

but buyers are reluctant.

This is a popular area for home buyers, but your home must be in top

notch condition and priced to sell in today’s market.

Caravelle Village Market Report August 2008

Forest Hills Schools Market Report Sept 2008

Caravelle Village Market Report Oct 2008

Ada Cascade Market Report Nov 2008

Grand Rapids -Ada Real Estate – Five Star Real Estate

photo of Cascade Town Hall Gardens by Bonnie Westbrook

Grand Rapids MI Real Estate Market Report ~ Tamarron Estates ~ January 2009

Posted on January 20, 2009 by Terry & Bonnie

Cascade Neighborhood Absorption Report

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.

Tamarron Residential Real Estate

January 2009 Market Report

5 Sold, 3 For Sale, 11 Expired

Tamarron Active Listings: 3

Tamarron Average Active Price – $ 361,300

Tamarron Average Active Price/SqFt – $ 107.93

Tamarron Average Active Days on Market – 153

Tamarron SOLD Listings: 5

Tamarron Average Sold Price – $ 339,480

Tamarron Average Active Price/SqFt – $ 98.11

Tamarron Average Sold Days on Market – 63

Tamarron Expired Listings: 11

Tamarron Average Expired Price – $ 388,891

Tamarron Average Expired Price/SqFt – $ 129.65

Tamarron Average Expired Days on Market – 137

At the current selling rate, we have a 4.2 month supply of homes on the

market in Tamarron in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that

some sellers would like to see. Today’s market is accepting homes under

$100.00 a sq ft. This is a price reduction for this area. As you can see,

the remaining sellers think their homes will sell at $ 107 a sq ft. This isn’t

happening.

The expired listings are even further out of sync at $ 129 a sq ft. If you have to

sell your Tamarron Estates home now, the market place is telling you that

you need to be at $ 100 a sq ft or less to see your home sell.

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%)live in a single family home, and the median

value is $220,00. Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290. Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

Tamarron Estates Market Report August 2008

Forest Hills Market Report Sept 2008

Tamarron Estates Market Report Oct 2008

Ada Cascade Market Report Nov 2008

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly.

Photo of Leslie Tassell Park by Bonnie Westbrook

Ada Michigan Real Estate Market Report ~ Adatowne ~ January 2009

Posted on January 19, 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

January 2009 Real Estate Market Report

3 Sold, 2 Pending, 4 For Sale

Fall foliage in Ada MI

Adatowne Active Listings: 4

Adatowne Average Active price – $147,650

Adatowne Active average price/SqFt – $113.16

Adatowne Active average days on market – 94

Adatowne Sold Listings: 3

Adatowne Average Sold Price – $ 138,300

Adatowne Average sold price/SqFt – $ 119.19

Adatowne Average Sold days on market – 47

MARKET SYNOPSIS: Not much has changed since last month.

We have one less home on the market, which has reduced the

average price. With the new trend of consumers downsizing,

the real estate market should remain strong and viable for

Adatowne homes, as long as they are in “great condition”

and priced at $110-120 a sq ft.

If you would like more information about Ada or Grand Rapids Homes,

please feel free to contact me directly.

Adatowne Market Report July 2008

Adatowne Market Report Aug 2008

Adatowne Market Report Sept 2008

Adatowne Market Report Oct 2008

Adatowne Market Report Nov 2008

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI fall foliage by Bonnie Westbrook

Top Home Buys Forest Hills Michigan ~ January 2009

Posted on January 12, 2009 by Terry & Bonnie

We have gathered a list of the top Forest Hills Houses

to buy. Please note that this list can change daily as

some homes sell, prices are adjusted and other homes

come on the market.

The total square footage is noted here, although only the

main floors are used to figure price per square foot. The

lowest price/Sq Ft range from $54.68 to $74.56 here.

The lowest list price is $79,900 and the highest list price is

$236,537 for January 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.

The Top Forest Hills Homes to Buy by Price per Square Foot:

378 Pettis Ave SE $ 79,900 1300 Sq Ft $61.46/SqFt

1417 Grand River Dr $ 89,900 1248 Sq Ft $72.04/SqFt

831 Honey Creek $150,578 2913 Sq Ft $63.13/SqFt

6224 Lincolnshire Ct $ 79,900 1712 Sq Ft $69.36/SqFt

5505 Whitneyville $109,900 1536 Sq Ft $71.55/SqFt

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

3521 Thornapple River Dr $136,900 1836 Sq Ft $74.56/SqFt

7133 Bridgewater Dr $159,000 2160 Sq Ft $73.61/SqFt

2205 Christine Ct SE $179,900 2600 Sq Ft $69.19/SqFt

3150 Hayward Dr $189,900 2574 Sq Ft $73.78/SqFt

6948 Maplecrest Dr $194,900 3200 Sq Ft $72.72/SqFt

3327 Hidden Hills Ave $209,900 3400 Sq Ft $72.38/SqFt

7399 Lime Hollow Dr $225,000 3085 Sq Ft $72.93/SqFt

38 E Beltline Ave SE $ 94,900 1328 Sq Ft $71.46/SqFt

4714 Cutter Parkway $ 99,950 1828 Sq Ft $54.68/SqFt

3310 Midland Dr SE $209,900 4000 Sq Ft $59.46/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 our website:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Adacroft Commons ~ Forest Hills MI Absorption Report Dec 2008

Posted on December 31, 2008 by Terry & Bonnie

Adacroft Commons is a popular home market in Ada for the

Grand Rapids area.

Part of the appeal is the proximity of Forest Hills Central 5/6 School,

Middle School, High School, St Roberts School & Ada Christian

School, which are within walking distance. Adacroft Commons is also

close to the village of Ada and Forest Hills shopping. It is an established

subdivision, being started in the early 1970’sby E. L. Ladd Builders of

Ada, at the same time they were buildingin Adatowne. Adacroft

Commons homes were required to have atwo stall attached garage and

a family room, while Adatowne homes did not. There is designated

common land in thedevelopment that remains heavily wooded and in a

natural state,as in its adjacent neighborhood, Ada Woods. I have held

many open houses in these plats when they were new and sold many of

the homes as new construction – to be built. We personally purchased a

spec home here in 1976 and livedin Adacroft for 5 years before we built

our dream home on 6 acres(also in Ada Township).

If you doubt the power of your home as an investment, a 4 bedroom 2

story home (about 1750 sq ft) sold for $ 39,900 in Adacroft Commons

in 1970.

Adacroft Commons Real Estate

December 2008 Market Report

8 Sold, 0 For Sale, 1 Pending, 10 Expired

Adacroft Commons Active Listings: 0

Adacroft Commons Active Price – $0

Adacroft Commons Active Price/SqFt – $0

Adacroft Commons Active Days on Market 0

Adacroft Commons SOLD Listings: 8

Adacroft Commons average sold price – $ 165,625

Adacroft Commons average sold price/SqFt – $96.99

Adacroft Commons average sold days on market -77

Adacroft Commons Expired Listings: 10

Adacroft Commons average expired price – $ 186,410

Adacroft Commons average expired price/SqFt – $ 134.36

Adacroft Commons average days on market – 110

There are no current homes for sale in Adacroft Commons

listed on the local MLS board. This is an extremely desirable

area to live, with its close proximity to Forest Hills Central

Middle & High Schools. In the above stats you can see the

$20,000 disconnect between sellers and buyers, or $37 /SqFt.

difference on the main floor. If you would like to sell in this market,

you have tobe priced at the current market price, not 2004

prices, IF you want to sell your home.

If you have detailed questions or just need general info

about Grand Rapids or Ada Homes, please contact me.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Adacroft Entrance on Ada Drive Photo by Bonnie Westbrook

Grand Rapids MI Real Estate Market Report Dec 2008 ~ Centennial Park Condominiums

Posted on December 31, 2008 by Terry & Bonnie

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

every level. This community also has a clubhouse and restaurant for

members.

We have relocated several clients into this community and they find it a

wonderful place to live. Just minutes from 28th Street & Cascade shopping,

dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

Centennial Park Meadows Condos

Real Estate Market Report

December 2008

16 For Sale, 0 Pending, 5 SOLD, 9 Expired

Centennial Condos Active Listings: 16

Centennial Condos Active Average Price – $248.569

Centennial Condos Active average $/SqFt – $ 132.68

Centennial Condos Active average days on market – 129

Centennial Condos Sold Listings: 5

Centennial Condos Sold average price – $ 102,810

Centennial Condos Sold average $/SqFt – $ 72.45

Centennial Condos Sold average days on market – 48

Centennial Condos Expired Listings: 9

Centennial Condos Expired average price – $ 249,844

Centennial Condos Expired average $/SqFt – $ 152.26

Centennial Condos Expired average days on market – 144

The Absorption Rate for Centennial Park Condos is 38.4 months,

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

38.4 months for the existing condos to sell at the current rate

of sales. This is a high number for Grand Rapids, which reflects the

weak market for condos, over priced listings, or a combination

of both, which I believe is the case.

Centennial Park Condos Market Report Oct 2008

Centennial Park Condos Market Report Sept 2008

Centennial Park Condos Market Report August 2008

Centennial Park Condos Market Report July 2008

Centennial Park Condos Market Report June 2008

If you would like information about Grand Rapids – Cascade MI Condos

or Grand Rapids – Cascade MI Homes, please contact me directly.

If you would like this report emailed to your inbox every month, please

Grand Rapids – Ada Real Estate – Five Star Real Estate

photo of Golf Equipment by Bonnie Westbrook

Grand Rapids Absorption Report Dec 2008 ~ Quail Crest Condos

Posted on December 31, 2008 by Terry & Bonnie

The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the late 1990’s.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance. Forest

Hills Public Schools are the school district, Watermark Country Club,

Forest Hills & 28th Street shopping are a short distance away.

The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condominiums Real Estate Market Report

December 2008

3 Sold, 10 For Sale, 5 Expired

Quail Crest Condos Active Listings: 10

Quail Crest Condos Average Active Price – $154,125

Quail Crest Condos Average Active Price/SqFt – $ 109.11

Quail Crest Condos Average Active days on market – 137

Quail Crest Condos Sold Listings: 3

Quail Crest Condos average sold price – $274,167

Quail Crest Condos average sold price/SqFt – $ 167.48

Quail Crest Condos average days on market – 89

Quail Crest Condos Expired Listings: 5

Quail Crest Condos average expired price – $202,160

Quail Crest Condos average price/SqFt – $ 147.35

Quail Crest Condos average days on market – 146

The absorption rate for Quail Crest Condos is 40 months, which

means if no new listings come on the market, it will take 40 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s buyer, or there is a glut of condos on the market.

Quail Crest Condos Oct Market Report

Quail Crest Condos Sept Market Report

Quail Crest Condos July Market Report

Quail Crest Condos June Market Report

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly. We can

also have these monthly market reports emailed to your

inbox, just contact us.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

photo of Quail Crest Entrance by Bonnie Westbrook

Grand Rapids MI Absorption Report Dec 2008 ~ Forest Hills Gardens

Posted on December 30, 2008 by Terry & Bonnie

Forest Hills Gardens Residential Real Estate

Dec 2008 Market Report

4 Sold, 0 Pending, 1 For Sale

The absorption rate for Forest Hills Gardens is 3 months, which

means if no new listings come on the market it will take 3 months

for the existing inventory of homes to sell at the current rate of sale.

This is a fabulous rate in this market and the one home for sale

reflects the stability and desirability of the neighborhood.

Active Listings: 1

Average price is $ 164,900.

Average time on market is 76 days.

Average cost/SqFt is $90.50

The average price for Forest Hills Gardens sold homes is $162,475.

The average price/sqft for Forest Hills Gardens sold

homes is $ 96.47.

The average days on the market for Forest Hills Gardens sold

homes is 20 days.

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 condo units – Villas of Ada going in next

door and Stone Falls of Ada – a 210 unit apartment complex, currently

under construction a short distance away on Spaulding Ave.

Both of these new developments are quite close to Adacroft Commons

and Forest Hills Gardens.

If you have questions about Forest Hills or Ada homes,or

if you would like this market report emailed to your inbox,

please contact me directly.

Grand Rapids Ada Real Estate ~ Five Star Real Estate LLC

Japanese Maple photo by Bonnie Westbrook

Forest Hills Michigan Absorption Report Dec 208 ~ Ada Moorings

Posted on December 30, 2008 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 quality built 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.

Ada Moorings Market Report October 2008

7 For Sale, 9 Sold, 1 Expired

Ada Moorings Active Listings: 7

Ada Moorings average active price – $248,486

Ada Moorings average active price /SqFt – $ 126.50

Ada Moorings average days on market – 115

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,322

Ada Moorings average sold price/SqFt – $ 125.69

Ada Moorings average sold days on market – 88

The Absorption Rate for Ada Moorings Homes is 9.3

months, which means if no new listings come on the

market it will take 9.3 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 the year, which means sellers are much closer

to the actual market price than they were before.

The average sale price has dropped about $4000.

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.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Grand River in Ada by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Forest Hills Mi real estate market report

Grand Rapids MI ~ Watermark Residences Market Report ~ January 2009

Grand Rapids MI Real Estate Market Report

Cascade Neighborhood Absorption Report

Grand Rapids MI Real Estate Market Report ~ Tamarron Estates ~ January 2009

Cascade Neighborhood Absorption Report

Ada Michigan Real Estate Market Report ~ Adatowne ~ January 2009

Top Home Buys Forest Hills Michigan ~ January 2009

Adacroft Commons ~ Forest Hills MI Absorption Report Dec 2008

Grand Rapids MI Real Estate Market Report Dec 2008 ~ Centennial Park Condominiums

Grand Rapids Absorption Report Dec 2008 ~ Quail Crest Condos

Grand Rapids MI Absorption Report Dec 2008 ~ Forest Hills Gardens

Forest Hills Michigan Absorption Report Dec 208 ~ Ada Moorings