Forest Hills Michigan Neighborhood Real Estate Market Report – Quail Crest Jan-Dec 2010
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 current phase.
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
January -December 2010
Active Listings: 3
Average Price – $254,667
Average Price/SqFt – $ 179.78
Average Days on market – 359
Quail Crest Condos Sold Listings: 1
Average sold price – $223,725
Average sold price/SqFt – $ 140.45
Average days on market – 107
Absorption rate = 9 months
The Absorption Rate is high for the Grand Rapids Market.
The slow sales activity could be the new construction that is taking a
long market time to sell. Not many condo homes for sale in this area
though average sold price & price per square foot has risen for the
last year from 2009 levels. The condo homes that sold last year were
older condo homes with improvements.
Forest Hills MI Real Estate Market Reports
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.
photo of Quail Crest Entrance by Bonnie Westbrook
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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. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research & services,
numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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