Absorption Report ~ Forest Hills, Michigan Watermark Residences March 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.

It  has an excellent grounds staff and a great pro shop staff, as well.

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 entrance sm

                              Watermark Residences

                 March 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 $ 799,043.

The average Watermark Homes current price per sq ft is $ 260.32.

The average days on the market for active Watermark Homes is 153.

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 8 month Absortion rate at the

Watermark Residences.  This means that it will take 8 months for the

current listed homes to sell based on the current rate of sales.

 

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 February 2009 Market Report

Watermark Residences January 2009 Market Report

Watermark Residences December 2008 Market Report

Watermark Residences October 2008 Market Report

 

Watermark Country Club ~ Pool Time

 

Grand Rapids – Ada Real Estate  – Five Star Real Estate

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook

Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

Forest Hills Gardens Absorption Market Report Feb 2009

              4 Sold,  3 For Sale, 1 Expired

Ada Fall Japanese Maple


The absorption rate for Forest Hills Gardens is 10.5 months, which

means if no new listings come on the market it will take 10.5 months

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

 

Active Forest Hills Gardens Listings: 1

Average list price is $ 191,633

Average time on market is 60 days.

Average list cost/SqFt is $100.30

 

 Forest Hills Gardens Sold Homes :4

Average Sold Price: $162,475

Average price/Sq Ft: $96.47

Average days on the market: 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: 1-888-240-1968 ext 0

 

Grand Rapids Ada Real Estate ~ Five Star Real Estate LLC

Copyright 2008 All rights reserved

Japanese Maple photo by Bonnie Westbrook