Grand Rapids Township Absorption Report ~ Dec 15, 2008

Grand Rapids Township Current Real Estate Market Report

Meijer Gardens Entrance 2004

Current Absorption Rate for Grand Rapids Township homes is 10 months,

which means if no new listings come on the market, it will take 10 months

to sell the existing inventory of homes.

136 Sold and Pending Grand Rapids Township Homes since 7-1-08.

There are 196 Active listings currently for sale.

The average List price is $ 316,107.

The average SOLD price is $ 229,500.

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly.

Grand Rapids -Ada Real Estate – Five Star Real Estate

Copyright 2008  All rights reserved

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

E Grand Rapids MI Absorption Report ~ Dec 15, 2008

Current Real Estate Market Report for East Grand Rapids MI

EGR library

Absorption rate for East Grand Rapids MI housing market is currently

at 13.8 months, which means if no new listings come on the

East Grand Rapids market, it will take 13.8 months for the existing

home inventory to sell.

There are 142 active listings on the East Grand Rapids market now,

ranging from $70,000 to $4,000,000.

12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 449,900.

60 Sold Homes with sold prices ranging from $ 93,500 to $ 1,275,000

since June 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has been 2/3 of the sales

in the last six months.

If you have any questions about the value of your East GR home,

please contact me. 

Grand Rapids Ada MI Real Estate ~ Five Star Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Caledonia MI Absorption Report Dec 15, 2009

Thornapple River 60th in Caledonia MI

Current Caledonia Real Estate Market Report

Absorption rate for Caledonia Market is  currently 13.28 months, which

means if no other homes come on the market, it will take 13.28 months

for the current inventory to sell.  This is a 4 month increase from last

month.  If you are marketing your home in Caledonia you need to

be priced at the market price for your neighborhood.

There are 136 current active listings, from $60,900 to $1,100,000 in 

Caledonia MI.

16 Pending Homes Sales & 77 Sold homes in Caledonia since

July 1, 2008.

The current average sold home price is about $10K lower than November.

December average sold price is $187,754 .

Average day on market for sold homes is 119 days.

If you have questions about your Caledonia home’s value, or are

looking to buy a Caledonia home, please contact us.  Our team offers

the best web marketing available and years of experience in

negotiating offers for clients.

Grand Rapids  Ada Real Estate  ~ Five Star Real Estate

Copyright  2008 All rights Reserved

Photo of Thornapple River at Ruehs Park by Bonnie Westbrook

Caledonia MI Real Estate Market Report Nov 2008 ~ Crystal Springs

Crystal Springs Development in Caledonia, Michigan is a large,

residential suburban housing development that was started in

the late 1980’s and most construction was finished in the 1990’s

although some newer homes have been built since 2000.

There are also a few vacant lots left to develop.

This development covers a large area around the Stonewater

Golf Course at Crystal Springs south of 68th Street to 72nd

Street and encompassing Kalamazoo Avenue on the east and

west.  This development has single family homes and condos,

many located right on the Stonewater Golf Course

The public school system is Kentwood, even though the

address is Caledonia.

Crystal Springs Homes are close to the shopping plaza at

68th and Kalamazoo, Kentwood High School, and a short

hop to M-6, which is the south beltline for the Greater Grand

Rapids area connecting US 131 on the west and I96 on the

east side of the city.

Golf Course

                   November 2008 Real Estate

                     Residential Market Report

                 Crystal Springs Neighborhood

 

Active Listings: 26 Active Crystal Springs Listings

Average Price: $262,628

Price per Sq Ft: $110.26 (Main Floor only)

Average days on the Market: 129

 

PENDING: 1 home

 

SOLD: 22 Crystal Springs Sold Homes

Average Price: $ 206,677

Average Price Per Sq Ft: $ 96.01 (Main floor only)

Average Days on the Market: 74

 

Expired: 22 Expired Crystal Springs listings

Average Expired Price: $261,785

Average Price Per Sq Ft: $107.56 (Main floor only)

Average Days on the Market: 139

 

Crystal Springs Homes that are priced competitively are selling.

As you can see by the statistics, the homes that have their price

per square foot around $100 are selling in under 3 months. 

 

Watermark CC purchases Crystal Springs GC

Crystal Springs GC has a new look & a new name

Caledonia MI Sept 2008 Real Estate Market Report

Kentwood MI Real Estate Market Report Oct 2008

Caledonia MI Crystal Springs Market Report Oct 2008

 

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate  Copyright 2008 All rights reserved

photo of golf tournament by Terry Westbrook

Forest Hills Michigan ~ Real Estate Market Report ~ Nov 2008

Ada Cascade MI Real Estate is always active. These Grand Rapids suburban

communities have wonderful neighborhoods, some new and some older with

prestigious Forest Hills Public Schools, and private schools that attract many

homeowners. 

 This report will cover the July to Nov. 2008 real estate market activity.

 

Forest Hills Eastern High school Ada Township MI

 

             Ada Cascade Listings over $300,000

There are 203 Active Ada Cascade Listings in the over $300,000 category with

an average price of $663,276.  The Active Listings have been on the market

for an Average of 150 Days.  The Average price per square foot of Active

Listings is $207.16 with a low price of $300,000 & a high price of $2,700,000.

 

There have been 68 Sold Ada Cascade Listings in the over $300,000 category

with an Average price of $550,287.  The Average Sold price per square foot is

$ 184.86 with Average Days on the Market at 124. The lowest sold price is

 $306,200 & the highest sold price is $1,500,000.  There are 9 Pending

Ada Cascade Listings in this category.

 

forest hills mi market report 11-08

forest hills mi market report 11-08

 

forest hills mi market report 11-08

forest hills mi market report 11-08

             Ada Cascade Listings  $100,000 to $300,000

There are 188 Ada Cascade Active Listings with an Average Price of 

 $205,252.  The Average Active Price per Sq Ft is $121.37 and the

Average Active Days on the Market are 104.  The High Active Price is

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

 

There have been 57 Sold Ada Cascade Listings in the last 4 months.  The

Average Sold Price is $196,586 with the Average Sold Price per square foot

at $111.22.  Average Sold Days on the Market is 96 Days.  The high Sold

 price is $290,000 & the low sold price is $104,500.  There are 21 Pending

Sales in this category.

 

forest hills mi market report 11-08

forest hills mi market report 11-08

 

forest hills mi market report 11-08

forest hills mi market report 11-08

 

 

 

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

 

If you would like specific information about an Ada Cascade MI Home,

please contact me directly.

 

Grand Rapids Ada Real Estate  Five Star Real Estate LLC

Copyright 2008  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

 

 

Wyoming MI Real Estate Market Report ~ November 2008

Wyoming Michigan is a large suburban community of Grand Rapids, MI. 

Wyoming MI homes are moderately priced, which should make it an active

market in this economy.  

Obviously the lower price levels have affected the average price

(low price $54,200 vs high price of $236,835).

I  assume some of the lowest price levels are bank owned foreclosures

negatively affecting the market price.

As you can see by the graph pictured below, Wyoming homes listed at a

 high price are not selling until the price gets close to the average or below.

 

188 Wyoming MI Homes Actively on the Market October 2008

36 Wyoming MI Pending Sales for January to November

61 Wyoming Sold Homes for January to November

 

 

Wyoming MI chart of November 2008 listings

Wyoming MI chart of November 2008 listings

 

Wyoming MI  November 2008 listings price

Wyoming MI November 2008 listings price

 

 

Wyoming MI Nov 2008 listings $/sqft

Wyoming MI Nov 2008 listings $/sqft

Wyoming MI Nov 2008 listings DOM

Wyoming MI Nov 2008 listings DOM

 

In Wyoming, MI there is a lot of sold activity in the lower price brackets,

$ 50,000 to  $ 85,000.  There are some great bargains here for

savvy home buyers.  The lowest average sold prices have risen about

$15,000 since August.  At the top end, it looks like the higher prices have

started moving towards the middle, they have lost about $13,000 in

average sold prices.

 

Wyoming MI Market Report August 2008 

Wyoming MI Market Report Sept 2008

 

 

If you have any questions about Wyoming or Grand Rapids Homes,

contact me directly at:    1-888-240-1968 ext 0

 

Grand Rapids Ada Real Estate  Five Star Real Estate

Copyright 2008 All rights reserved

All information is subject to verification and no liability for error or omission is assumed.

 

Forest Hills Michigan ~ Real Estate Market Report ~ Watermark Residences ~ October 2008

The Residences at Watermark are located on Watermark Golf Course just

south of Cascade Road. If you don’t like golf,  get defensive when a stray

golf ball rolls into your “yard” you probably would be better off not buying

 a home or condo at Watermark. Of course you would be missing out on the

best golf course in Grand Rapids (no prejudice here, just the facts, folks)

Yes, I play Watermark golf course every chance I get. Watermark is a premier

course with a friendly group of players. We have an excellent grounds staff

and a great pro shop staff.

Watermark single family homes and condos are 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 Residences Entrance

Watermark Residences Entrance

                                Watermark Residences

                  October 2008 Real Estate Market Report

For Sale:

There are 8 active Watermark Homes currently on the market.

The average Watermark Homes current active price is $ 774,313.

The average Watermark Homes current price per sq ft is $ 226.06.

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

Sold:

There have been 5 Watermark Sold Homes this year.

The average Watermark Sold Homes price is $ 515,000.

The average Watermark Sold Homes price per sq ft is $200.16.

The average days on the market for Watermark Sold Homes is 68.

If you would like further information about Watermark Residences,

Cascade or Forest Hills Homes, please contact me directly.


Grand Rapids – Ada Real Estate
– Five Star Real Estate

Copyright 2008 All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook

Caledonia Michigan Real Estate Market Report ~ August 2008

Caledonia Michigan is a very desirable suburban community to live in

if you work in the Grand Rapids area.  The school system is top rated,

 the village and surrounding area was rated one of the Top 100 places

to live by Money Magazine in 2005.  Caledonia MI is a bit rural

within a short distance of all the city attractions of Grand Rapids.

Example: Caledonia MI is about 6 miles from Gerald R. Ford

International Airport.

 

 

Ruehs Park Caledonia township Mi

Ruehs Park Caledonia township Mi

 

Caledonia Real Estate Market Report March ~ August ’08

 

There are 157 active homes for sale in Caledonia the first of Sept

The average price is $ 294,119, priced at an average $ 142.70

per square foot.  The lowest priced home is $59,900, the highest priced

home is $899,000.  Average days on the market for an active listing

is 134 days. 

Caledonia MI Price of Area Listings

Caledonia MI Price of Area Listings

 

There are 13 homes in Caledonia in pending sales from March to date.

Average price is at $192,453, with the average price per square foot

at $98.71. The lowest price is $66,500, the highest price is

$ 449,900, averaging 142 days on the market.

Caledonia MI Price per sq ft

Caledonia MI Price per sq ft

 

There are 54 homes sold in Caledonia from March ’08 to August ’08.

The average sold price for Caledonia homes is $ 184,624.

The average price per square foot for main floor is $ 102.83.

The average days on the market are 94. 

The lowest sold price for Caledonia was $50,000, the highest sold

price was $ 472,000.

Caledonia MI DOM

Caledonia MI DOM

 

 

 

If you have questions about the value of your Caledonia home, or

would like to move to Caledonia, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate  Copyright 2008 All rights reserved

photos of Ruehs Park Caledonia Township MI by Bonnie Westbrook 

Caledonia Michigan Real Estate Market Report Sept 2008 ~ Crystal Springs

Crystal Springs Development in Caledonia, MI is a large, residential

suburban housing development that was started in the late 1980’s and

most construction was finished in the 1990’s although some newer homes

have been built since 2000. There are also a few vacant lots left to develop.

This development covers a large area around the Crystal Springs Golf Course

grounds south of 68th Street to 72nd Street and encompassing Kalamazoo

Avenue on the east and west.  This development has single family homes and

 condos, many located right on the Crystal Springs Golf Course. (See related

article on the acquisition of Crystal Springs Golf Club)

The public school system is Kentwood, even though the address is Caledonia.

Crystal Springs is close to the shopping plaza at 68th and Kalamazoo,

Kentwood High School, and a short hop to M-6, which is the south beltline for

 the Greater Grand Rapids area connecting US 131 on the west and I96 on the

 east side of the city.

 

birdhouse in tree

                          September 2008 Real Estate

                          Residential Market Report

                        Crystal Springs Neighborhood

                       29 For Sale, 2 Pending, 17 Sold

Address                Price     Sq Ft  $/SqFt  DOM

FOR SALE:

1424 Silver Springs    219,900   2544    86.43     95

1285 68th St             159,900   2349    68.07      7

1481 Crystal Valley    299,900   2270   132.11    52

6958 Fairway Vista     169,900   1504   112.96   163

7535 Barn Swallow Ct 169,900   1516   112.07   119

1931 Hollow Creek    184,900    2000     92.45  171

6950 Kalamazoo       189,900   1765   107.59   150

6892 Crystal View      199,900   1714   116.62     86

1634 Sweet Grass      199,900   2000     99.95   164

2026 Blackmountain   219,000  2112    103.69     8

7211 Meadowgrass    229,900   2164    106.23   142

1563 Old Lantern Ct   234,900  2402      97.79   228

7450 Missoula Dr       207,609   2736     75.88   239

7439 Stillwater Dr      449,900   3200     140.59    18      

7320 Old Lantern       249,900  2016     123.95     46

1845 Hollow Creek     224,900  2000     114.95    101

7277 Misty Morning   259,900 2270      114.49  171                                                                                                                             

7272 Misty Morning    275,000  2386     115.25   160

7036 Crystal View       279,000  1683     165.77  150

7368 Old Lantern       279,900   2390    117.11  170

7394 Old Lantern       289,000   3100     93.22    49

7387 Old Lantern       289,900   2875   100.83     45 

7096 Summit Hill       299,900   3022     99.23    23 

7095 Crystal View       315,000  2555    123.28   95

7350 Old Lantern       349,900   3031   115.44    53

1907 Landoshire Ct    214,900   1820   118.07     36

6882 Crystal View       249,000   1806   137.87     41

1438 Silver Springs    289,900    2628   110.31     25

7350 Heather Rdg      350,000    3500   100.00    28

 

PENDING:

2078 Eaststone St     169,900   1924     88.36     84

1588 Crystalline Dr    104,900   1620    64.70    148

 

SOLD:

1361 68th St             226,500   1771  134.10    182

1460 Crystal Valley    213,000  2652       90.12    85

6950 Old Lantern Dr   145,100    2671     54.32    6

2086 Eaststone          145,500   1644     88.50    46

2116 Glen Canyon      153,000   1368    110.38   47

7377 Misty View Ct      161,000   1407    114.42  104

1776 Spring Meadow    165,900  1592    103.95  102

7193 Meadowgrass      166,500   1536   108.39    30

7079 Old Lantern Dr    175,000   2135     81.96     8

7561 Barn Swallow      178,000    1189    149.70   88

7458 Misty View  Ct     219,000   2112    103.69   36

7474 Old Lantern Dr    270,000   2500    108.00   40

7361 KingsCrossingCt  280,500   3220      87.11   71

1370 KingsCrossingDr  390,000   4954     78.72   105

7350 Royal Ridge      335,000   3900     85.89    77

7429 Old Lantern Dr   298,000   3800    78.42     77

7222 Crystal Stone    155,900   1504   103.65     48

 

550 homes have sold so far this year in the Kentwood

School District and the average price is $121,303.

 

If you would like additional information about Caledonia

or Kentwood Homes, please contact me directly at

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate  Copyright 2008 All rights reserved

photo of birdhouse by Bonnie Westbrook

 

Ada Michigan Real Estate Market Report Sept 2008 ~ Ada Woods

Ada Woods is an established development of homes in Ada, Michigan,

 just west of Ada and south of Fulton Street (M46).  Ada Woods started

 out as an E.L. Ladd development but towards the end of the project

many lots were sold to other builders and completed by individual owners.

  The dates of building range from 1980’s to 2005.  Most of the homes 

have more square footage and more amenities than Adacroft Commons,

its  adjacent neighborhood.  As with Adacroft Commons, there is designated

common land in the development that remains heavily wooded and in a

natural state.                    

                     Ada Woods Residential Real Estate

                           September 2008  Market Report

                    4 Sold, 0 Pending, 9 For Sale

  bike trail Railroad under pass in Ada MI


Address                Price     Status   Sq Ft  $/SqFt  DOM

6387 Scarborough Dr 199,900  For Sale  1666    119.98    106

6449 Scarborough Dr 184,900  For Sale  2060    89.75      55

6380 Redington Dr    339,900  For Sale  2325    146.19   202

6270 Scarborough     359,900  For Sale  2640    136.32    97

6217 Scarborough Dr 469,900  For Sale  2942    159.72    61

6405 Drumlin Ct       279,900  For Sale  2321    120.59    83

6400 Redington        339,900  For Sale  2692    126.26    73

6333 Redington        344,900  For Sale  2716    126.98     43

400 Adaway Ave        329,000  For Sale  2522    130.80    29

410 Lehigh Dr          359,900  Sold        2646    136.01    15

225 Grayfield Ct       323,000  Sold        2460    131.20   169

6296 Scarborough    360,000  Sold        2888    124.65     34

6459 Redington       370,000  Sold        3106    119.12   164

 

The average home sale for 2008 in Ada Township is $ 309,612.

142 homes have sold this year. 

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 unit – Villas of Ada

and Stone Falls of Ada – a 210 unit apartment complex, currently under

construction here.

Ada Woods is a popular home market in the Ada area. Part of the appeal

is the proximity of Ada Elementary, Forest Hills 5/6 School, Ada Christian

Schools, St Roberts School and close to the village of Ada and Fulton Street.  

 

Grand Rapids Ada MI Real Estate – Five Star Real Estate

 Copyright 2008  All Rights Reserved

Bike Trail Railroad Underpass in Ada Mi photo by Bonnie Westbrook