Cascade Township Michigan Neighborhood Absorption Report ~ Caravelle Village ~ May 2009

Posted on June 4, 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.

Caravelle Village Residential Real Estate

May 2009 Market Report

4 For Sale, 1 SOLD, 1 Pending, 1 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 177,425

Caravelle Village Average Active Price/Sq Ft – $ 129.79

Caravelle Village Average Days on the Market – 204

Caravelle Village SOLD Listings: 1

Caravelle Village Average Sold Price – $ 175,000

Caravelle Village Average Sold price/SqFt – $ 128.39

Caravelle Village Average Sold Days on the Market – 34

Caravelle Village Pending Listings: 1

Caravelle Village Expired Listings: 1

At the current rate of sales, we have a 20 month supply of homes in

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

MARKET SYNOPSIS: Only one home has sold in Caravelle Village since

January of this year. The average listed price has dropped about $10K

from last year, but buyers are still reluctant.

This has been a popular area for home buyers, but your home must be

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

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

Grand Rapids -Ada Real Estate – Westbrook Realty

photo of Cascade Town Hall Gardens by Bonnie Westbrook

Cascade Township Neighborhood Real Estate Reports ~ Cascade Woods ~ May 2009

Posted on June 2, 2009 by Terry & Bonnie

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.

Leslie E Tassell Park Cascade Township MI

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

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook

Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Forest Hills Gardens ~ May 2009

Posted on May 31, 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% 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. Forest Hills Gardens subdivision is between

Hall Street and Ada Drive just west of the Forest Hills Central High

School complex.

Forest Hills Gardens Market Report May 2009

1 Sold, 3 For Sale, 1 Expired

The absorption rate for Forest Hills Gardens is 15 months, which

means if no new listings come on the market it will take 15 months

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

Active Forest Hills Gardens Listings: 3

Average list price is $ 182,300

Average time on market is 77 days.

Average list cost/SqFt is $88.23

Forest Hills Gardens Sold Homes :1

Average Sold Price: $160,000

Average price/Sq Ft: $87.82

Average days on the market: 159 days.

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 have questions about Forest Hills or Ada homes,

please contact me directly: 1-888-240-1968 ext 0 or

terry@terrywestbrook.com

Grand Rapids Ada Real Estate ~ Westbrook Realty

Japanese Maple photo by Bonnie Westbrook

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

Posted on May 31, 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.

Grand River Ada Michigan

Catamount Market Report May 2009

4 For Sale, 2 Sold, 4 Expired, 2 Pending

Catamount Active Listings: 4

Catamount average active price – $800,725

Catamount average active price /SqFt – $ 227.03

Catamount average days on market – 290

Catamount SOLD Listings: 2

Catamount average sold price – $ 466,000

Catamount average sold price/SqFt – $ 160.03

Catamount average sold days on market – 32

Catamount Pending Listings: 2

The Absorption Rate for Catamount Homes is 5 months, which means if

no new listings come on the market it will take 5 months for the existing

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

in 2008 and into 2009. The average list price is $300,000 over current

selling price. Only 4 homes sold in the last 5 months, which means buyers

are scarce in this segment of the market. The foreclosure nightmare has

found this neighborhood, as well as more modest homes. These sales

reflect the bank repossessed home sales, which are distressed, even in

this market price range. No area of the real estate market has been

spared this price degradation and it affects the average selling price.

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 the value of an Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0 or email: terry@terrywestbrook.com

Grand Rapids MI Real Estate – Westbrook Realty

photo of the Grand River in Ada by Bonnie Westbrook

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

Top Best Home Buys ~ Forest Hills Michigan ~ May 2009

Posted on May 18, 2009 by Terry & Bonnie

We have gathered a list of the Best Forest Hills Houses

( primarily in Ada-Cascade) to buy, based on price per

square foot.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

The homes listed below are probably dated and would need

updating with new carpeting, paint, and kitchen- bath redos

at a minimum to bring them to current market standards.

They might need major repair work done, such as new roofs

& mechanicals.

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

top best buys in forest hills mi homes for sale

The total square footage is noted here, although only the

main floors are used to figure price per square foot, not the

basement, even if finished.

The list this month is 14 properties, same as last month.

The lowest price/Sq Ft for homes range from $57.90 to $73.78

here in Forest Hills.

The lowest list price is $57,900 and the highest list price is

$236,537 for May 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.

Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present condition

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

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

4198 Knapp Ct NE $ 57,900 1200 SqFt $57.90/SqFt

6600 Cascade Rd $104,900 1788 SqFt $58.67/SqFt

6461 Cascade Rd SE $139,900 2023 SqFt $69.15/SqFt

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

2049 Rowland #4 $ 69,900 1150 SqFt $60.78/SqFt

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

5505 Whitneyville SE $104,900 1536 Sq Ft $68.29/SqFt

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

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

3413 Dean Lake NE $ 79,900 1626 SqFt $60.26/SqFt

5610 Ada Drive SE $159,000 2437 Sq Ft $65.24/SqFt

6250 Architrave St $ 99,998 1814 Sq Ft $73.74/SqFt

4271 Woodside Oaks Ct $236,537 3453 Sq Ft $68.50/SqFt

If you would like to see a particular Top Best Buys Forest Hills

Home, please contact us at 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

Grand Rapids Ada Real Estate ~ Westbrook Realty

Forest Hills Michigan ~ Public Schools 2009 Update

Posted on May 6, 2009 by Terry & Bonnie

Forest Hills Michigan – Home to a Growing Public School District

We just received the Superintendant’s News Letter with all the Forest

Hills Public School news. Of course, there was talk of budget challenges

and difficult times. Even school districts that are well-funded, like Forest

Hills Public, are having budget issues because of state funding reductions.

Forest Hills is focused on student education, and is still reducing

administrative overhead. 76.7% of the school budget is spent on

classroom and instructional support.

2009 Forest Hills School News:

3 Teachers recognized on state & national levels for excellence
Conserved 1.9 million in reduced energy costs
ALL Forest Hills Schools receive Green Certificates
Received David D Smith Award for Environmental Stewardship
Growing enrollment while 80% of Michigan districts are declining
2007 Bond Issue allows investment in infrastructure
10,100+ students, 2nd in size in Kent County, 23rd largest in

Michigan, out of 552

2009 Student MEAP Scores Highest in Michigan

Grand Rapids Real Estate ~ Westbrook Realty

Watermark Residences Forest Hills MI ~ April 2009 Real Estate Market Report

Posted on April 21, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road in Forest Hills School

District. Yes, I play Watermark golf course every chance

I get. Watermark is a premier course with a friendly group

of players, an excellent grounds staff and a great pro shop

staff, as well.

Watermark single family homes and condos are quality built

custom homes, which make this area a very attractive place to

live. Access off both Cascade Road and Spaulding Drive, you

are close to the airport, 28th Street shopping, I96 expressway

and close to Cascade, Ada, & Forest Hills schools and shopping

areas.

Watermark Residences

April 2009 Real Estate Market Report

For Sale: 8

8 active Watermark Homes currently on the market.

Average Current Active List Price is $ 745,763

Average current price per sq ft is $ 251.25

Average days on the market for active listings are 176

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

Sold: 3

There have been 3 Watermark Sold Homes since Sept 1, 2008

The average Watermark Sold Homes price is $ 461,667

The average Watermark Sold Homes price per sq ft is $184.39

The average days on the market for Watermark Sold Homes is 73.

Pending: 0

Expired: 12

At the current rate of sales, we have a 21.33 month Absorption Rate

at the Watermark Residences. This means that it will take 21.33

months for the current listed homes to sell based on the current

rate of sales. Prices are still falling slightly in this subdivision and

sales are very slow. A great time to buy here but if you don’t

have to sell, you would be better off waiting until the local real

estate market rebounds.

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 March 2009 Market Report

Watermark Residences December 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Country Club ~ Pool Time

Westbrook Realty ~ Grand Rapids Ada Real Estate

photo of Watermark Residences Entrance by Bonnie Westbrook

Forest Hills Michigan Absorption Report ~ March 2009

Posted on March 29, 2009 by Terry & Bonnie

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 Sept 1, 2008 to March 29, 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 18.9 months, which means if no

new listings come on the market, it will take 18.9 months to sell the existing

homes at the current rate of sale. This rate is up from last month, sold

prices are about the same. 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.

There are 224 Active Forest Hills Listings in the over $300,000 category with

an average price of $628,678. The Average price per square foot of Active

Listings is $201.55 with a low price of $300,000 & a high price of $2,700,000.

There have been 69 Sold Forest Hills Listings in the over $300,000 category

with an Average price of $491,382. The Average Sold price per square foot is

$ 163.75. The lowest sold price is $309,900 & the highest sold price is

$1,325,000. There are 14 Pending Forest Hills Listings in this category.

Forest Hills Listings $100,000 to $300,000

The Absorption rate for Forest Hills homes in this price range is 8.56

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 8.56 months to sell all current inventory.

There are 197 Forest Hills Active Listings with an Average Price

of $214,962. The Average Active Price/SqFt is $120.32 and the

Average Active Days on the Market are 123. The High Active Price is

$300,000 and the Low Active Price is $104,900.

There have been 124 Sold Forest Hills Listings in the last 7 months. The

Average Sold Price is $193,873 with the Average Sold Price per square foot

at $102.24. Average Sold Days on the Market is 109 Days. The high Sold

price is $299,900 & the low sold price is $104,500. There are 37 Pending

Sales in this category.

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.

Ada Cascade Market Report December 2008

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

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 ~ Top Home Buys ~ March 2009

Posted on March 11, 2009 by Terry & Bonnie

We have gathered a list of the Best Forest Hills Houses

( Ada-Cascade) to buy, based on price per square foot.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

The homes listed below are probably dated and would need

updating with new carpeting, paint, and kitchen- bath redos

at a minimum to bring them to current market standards.

They might need major repair work done, such as new roofs

& mechanicals.

Check back often or just subscribe to our blog to get

up-to-date local real estate information that you want to know.

top best buys in forest hills mi homes for sale

The total square footage is noted here, although only the

main floors are used to figure price per square foot, not the

basement, even if finished.

The list this month is down to 12 properties, from 15 last month.

The lowest price/Sq Ft for homes range from $54.68 to $73.78

here in Forest Hills.

The lowest list price is $59,900 and the highest list price is

$236,537 for February 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.

Some of these homes may be bank owned foreclosures and

not habitable as is or available for a mortgage in present condition

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

7117 Oakbrook St SE $229,900 3776 SqFt $60.88/SqFt

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

4198 Knapp Ct NE $ 69,900 1200 SqFt $69.90/SqFt

6600 Cascade Rd $114,900 1788 SqFt $64.26/SqFt

3310 Dean Lake NE $ 59,900 1039 SqFt $65.04/SqFt

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

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

6224 Lincolnshire Ct $ 74,400 1712 Sq Ft $54.58/SqFt

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

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

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

4714 Cutter Parkway $ 99,950 1828 Sq Ft $54.68/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 email or on our web site:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Forest Hills Mi Real Estate

Cascade Township Michigan Neighborhood Absorption Report ~ Caravelle Village ~ May 2009

Cascade Township Neighborhood Real Estate Reports ~ Cascade Woods ~ May 2009

Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Forest Hills Gardens ~ May 2009

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

Forest Hills Michigan Real Estate Market Report ~ May 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Top Best Home Buys ~ Forest Hills Michigan ~ May 2009

Forest Hills Michigan ~ Public Schools 2009 Update

Forest Hills Michigan – Home to a Growing Public School District

2009 Forest Hills School News:

Watermark Residences Forest Hills MI ~ April 2009 Real Estate Market Report

Forest Hills Michigan Absorption Report ~ March 2009

Forest Hills Michigan ~ Top Home Buys ~ March 2009