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 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 Absorption Market Report
May 2009
10 Homes For Sale, 0 Pending, 3 SOLD, 6 Expired
Cascade Woods Active Listings: 10
Cascade Woods Average price – $296,500
Cascade Woods Average $/SqFt – $116.45
Cascade Woods Average days on market – 87
Cascade Woods Sold Listings: 3
Cascade Woods average price – $168,333
Cascade Woods average $/SqFt – $ 64.41
Cascade Woods average days on market – 91 days
Cascade Woods Expired Listings: 6
Cascade Woods Expired average price – $384,583
Cascade Woods Expired average $/Sq/Ft – $ 125.82
Cascade Woods Expired average days on market – 181
The Absorption Rate for Cascade Woods Homes is 16.6 months,
Which means if no new listings come on the market, it will take
16.6 months to sell the existing inventory. The average sold price
per SqFt is still almost half of the Active listings Price /SqFt. This
could reflect foreclosures, short sales, and homes in poor condition
that have sold over the last 5 months.
Or it could be home condition which is slowing the sales of
older homes in this area. You can see that the expired listings
had their homes priced $90K over the average list price.
While the spring market has seen a slight uptick in prices paid
for Cascade Woods homes, the absorption rate is sobering at
16+ months.
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 Top Best Buy Homes May 2009
Forest Hills Michigan ~ Public School Update May 2009
Forest Hills Michigan Absorption Report ~ May 2009
Forest Hills Michigan Absorption Report ~ April 2009
If you would like further information about Grand Rapids or
Cascade Homes, please contact me directly.
Grand Rapids-Ada Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook
