Forest Hills Michigan Real Estate Market Report

September – February 2016

by Terry and Bonnie Westbrook

2016 Real Estate Market Activity Forest Hills

Sept. 2015 – Feb. 2016

Active Listings = 148      From $ 50,000 to $ 2,600,000

Pending Listings – 126

Sold Homes = 418

Average Sold price:  $50,000 – 239,000 = $185,000

Average Sold price:  $240,000 – 350,000 = $228,619

Average Sold price:  $351,000 – $3,000,000 =$ 485,000

Forest Hills home prices are on the rise, but not the 

home inventory.  Twenty percent fewer homes are on the

market this year compared to last year, which affects sold

figures and comparables.

 Especially in the lower price ranges, finding an updated, 

attractive  house to buy under $200,000 is very

competitive, and under $100,00 is very rare in 2016.

 Be prepared for competitive bidding if you are a

lower price bracket home hunter.  Be ready for extensive

home remodeling and updates, or learn to love vintage.

The inventory of older homes far outweighs new

construction available in Forest Hills.

Forest Hills is a public school district in Ada–Cascade Michigan.

A Grand Rapids suburban community that has wonderful neighborhoods,

some new, some older.  It boasts Top Ranked Forest Hills Public Schools,

private schools, and a suburban life style that attracts many home owners.

Call Terry about buying or selling a Forest Hills home.

If you are a seller, he can provide valued advice on what

updates pay off and which don’t.   616-292-7263

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 2016 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!

Forest Hills Michigan Real Estate Market Report Jan – July 2015

by Terry Bonnie Westbrook

Forest Hills is a public school district in Ada–Cascade Michigan.

This local real estate market is always active. A Grand Rapids suburban

community that has wonderful neighborhoods, some new, some older.

It boasts Top Ranked Forest Hills Public Schools, private schools, and

a suburban life style that attracts many home owners.

2015 Real Estate Market Activity January – July

Active Listings = 254

From $ 66,500 to $ 2,600,000

Median List Price: $ 399,900

Sold Homes = 546

Median Sold price – $319,900

Forest Hills home prices are on the rise, as are the 

number of sales for 2015 compared to the last 6 months

of 2014, with a 16% rise in sold homes.  Especially in the

lower price ranges, finding a good house to buy under

$300,000 is getting difficult, under $100,00 is almost

impossible.  Be prepared for competitive bidding if

you are a lower price bracket home hunter.  Or be ready

for extensive home remodeling and updates.

The inventory of older homes far outweighs new

construction, only 33 of the 254 homes available

in Forest Hills are new homes.

If your home needs updates or repairs, do not expect 

competitive bidding, unless bargain priced.  The home will eventually

sell, but not at the full market price it would get if updates were

already done.   For many home sellers, this is not an option,

so home bargains are out there. Be prepared,  not only will you

be putting in sweat equity, but they may not be financeable

through all lenders.

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.  If you are a seller, he can provide valued advice

on what to update and what not to update to get your home sold quickly.

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 2015 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!

Forest Hills Michigan Real Estate Market Report

July – December 2014

by Terry & Bonnie Westbrook

Forest Hills is a public school district in Ada–Cascade Michigan.

This real estate market is always active. A Grand Rapids suburban

community that has wonderful neighborhoods, some new, some older

with Top Ranked Forest Hills Public Schools, private schools, and

a suburban life style that attracts many home owners.

2014 Real Estate Market Activity July – December

Active Listings = 162

From $ 62,900 to $ 2,724,900

Sold Homes = 483

Average Sold price – $308,128

Forest Hills home prices are slowly on the rise, while the inventory

of homes is at an all time low.  This is frustrating to buyers, especially

ones who have seen dozens of homes on the market in the past 7-8

years sit for long spells before selling.  If a good home with lots of

updates comes on the market now, buyers are trying to be the first

ones to look, so they can beat out their competition in the buying process.

If your home needs updates or repairs, do not expect the above 

scenario to take place.  The home will eventually sell, but not at

full market price it would get if updates were already done.

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.  If you are a seller, he can provide valued advice

on what to update to get your home sold quickly.

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 2015 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!