Ada Michigan Real Estate Market Report ~ Adatowne Sept 2008

Posted on September 17, 2008 by Terry & Bonnie

Adatowne is a popular entry level home market in the Ada area.

Part of the appeal is the proximity of Ada Elementary, Forest Hills

Central Middle and High Schools, Ada Christian Schools, St Roberts

School and being close to the village of Ada. Adatowne is an

established subdivision, started in the early 1970’s by E.L. Ladd

Builders of Ada. I have held many open houses in these new plats

and sold many of the homes as new construction – to be built.

If you doubt the power of your home as an investment, a basic

ranch (about 1000 sq ft) sold for $ 19,900 in 1975.

Adatowne Residential Neighborhood in Ada, Michigan

September 2008 Real Estate Market Report

8 Sold, 0 Pending, 3 For Sale

adatowne residential neighborhood ada mi

Address Status Price Sq Ft $/Sq Ft DOM

6686 Adaridge For Sale 179,900 1200 149.91 27

448 Adapointe For Sale 174,900 1984 88.15 20

6873 Adaside For Sale 149,900 1264 118.59 12

6705 Adaridge Sold 143,900 1056 136.26 74

7028 Adaridge Sold 149,900 2116 70.84 8

6869 Adaridge Sold 115,000 988 116.39 20

6885 Adaridge Sold 124,000 1270 97.63 81

6966 Rix St. Sold 119,625 1052 113.71 119 (F)

6674 Adaridge Sold 142,000 1056 134.46 151

6824 Adaside Sold 142,600 1028 138.71 260

6767 Adaridge Sold 154,500 1300 118.84 20

(F) = Foreclosure

144 homes have sold in Ada Township in 2008,

Average price is $309,407. 15% fewer homes have

sold in 2008 but the average price has increased by 3%.

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 unit condo development

Villas of Ada and Stone Falls of Ada – a 210 unit apartment

complex, currently under construction here. Both new sites plan

on being open in 2009.

If you would like detailed information about Ada Homes, please feel free

to contact me directly at 1-888-240-1968.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Rix Dr. by Bonnie Westbrook

Rockford Michigan ~ Real Estate Market Report ~ Sept 2008

Posted on September 17, 2008 by Terry & Bonnie

Rockford Michigan is a quaint village on the Rogue River with many

suburban neighborhoods surrounding it. Rockford Michigan has an

excellent public school system and a large scale employer in Wolverine

Worldwide (they make the famous Hush Puppy shoes, among other

items). They have a vibrant downtown area with boutique shops and

good restaurants. The picture below shows the many turn-of-century

buildings that have been rehabbed to house current retail shops and

eateries.

Main Street in Rockford MI

Rockford Real Estate Market Report

September 2008

Rockford market up to $ 200,000

$/sq ft DOM Avg Price

Active listings 165 $110.08 71 $152,445

Pending 22 $ 95.30 69 $135,485

Sold 58 $104.41 39 $142,317

Active listings range in price from $29,900 to $200,000.

Sold listings range in price from $45,000 to $ 197,000.

Rockford Market over $200,000

$/sqft DOM Avg Price

Active Listings 196 164.09 80 $ 327,615

Pending 9 146.86 79 $ 341,756

Sold 22 144.43 53 $ 284,136

Active listings range in price from $200,000 to $1,300,000.

Sold listings range in price from $203,000 to $550,000.

368 homes sold so far in the Rockford Public School District

in 2008. The average home price is $187,200.

Because Rockford is such a small city and covers a large district,

this report is based on the Rockford Public School District, not

the village of Rockford.

If you would like more information about the value of your Rockford

home, please contact me directly at 1-888-240-1968 ext 0.

Grand Rapids Ada Real Estate – Five Star Real Estate

photo of Downtown Rockford by Bonnie Westbrook

Wyoming Michigan ~ Real Estate Market Report ~ August 2008

Posted on September 17, 2008 by Terry & Bonnie

Wyoming Michigan is a large suburban city adjacent to Grand

Rapids Michigan. Wyoming MI homes are moderately priced,

which makes it an active market in this economy.

Wyoming Michigan has had 267 homes sold since May 31, 2008

through August 31, 2008 recorded on the Grand Rapids Real Estate

Board Multiple Listing Service priced from $30,000 to $265,000.

Ranch homes have been the major category with 186 sold, two stories

are about two thirds less with a total of 63 sold, and multi-levels have

had 18 homes sold.

Wyoming MI ranch homes have sold for an average price of $110,088

at $101.82 per sq/ft, and took an average 112 days on the market to sell.

Obviously the lower price levels have affected this average ( low price $37,900

vs high price of $265,000) I would assume the lowest price levels are bank

owned foreclosures negatively affecting the market price.

Wyoming MI two story homes have held their value a little better at an

average price of $124,355, price per sq/ft at $ 105.35, and selling in an

average of 128 days on the market.

Wyoming MI multilevel homes are averaging $125,450, price per sq/ft

at $88.72, selling in an average of 99 days on the market.

As you can see, Wyoming Michigan homes listed at a high price are

not selling until the price gets close to the average or below for sold

homes. If you don’t have to sell your Wyoming home now, it might be

better to wait for a stronger seller’s market. On the other hand, it is a

perfect time to move up because you will be able to buy your next

house at the lowest prices seen in 5 years in this area. And interest rates

at are all time record lows. It can’t get any better than that.

If you have any questions about Wyoming MI Homes, contact

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

All information is subject to verification and no liability for error

or omission is assumed.

Waterfront Real Estate Report ~ August 2008 ~Eastern Kent County Michigan ~

Posted on September 9, 2008 by Terry & Bonnie

Like all counties in Michigan, we are blessed with water, lots of water, in the

form of inland lakes, rivers and streams. Many people who live here have

residences that have private waterfront access, the prices range from $99,000

at the low end to $4,000,000 at the high end to live on the waterfront in

Eastern Kent County.

Eastern Kent County would include Ada, Alto, Belding, Belmont, Caledonia,

Cannon, Cannon Twp, Cannonsburg, Cascade, Comstock Park, Dutton, East

Grand Rapids, Forest Hills, Gaines, Gaines Twp, Grand Rapids, Kentwood,

Rockford, & Vergennes Twp.

This Private Waterfront Real Estate Market Report gives you the current

picture for the hot market time from March to August 2008.

The chart below tells us that 15 properties have sold, 3 pending,

82 currently For Sale, and 18 have expired.

Reeds Lake, East Grand Rapids, MI

Average Price for Private Access Waterfront Real Estate

Current For Sale = $618,500

Pending Sales = $466,300

Sold Homes = $419,853

Average Days on the Market

Current For Sale = 80 days

Pending = 78 days

Sold = 56 days

Expired = 101 days

Average Price per Square Foot

Current For Sale = $222.39

Pending = $201.98

Sold = $196.93

Expired = $189.01

Status	Total	Avg Price	$/SqFt	Median	Low	High	Avg DOM
ACT/CNT	82	$618,500	$222.39	$429,000	$99,900	$4,000,000	80
PND	3	$466,300	$201.98	$599,000	$300,000	$599,000	78
SLD/RNT/LSE	15	$419,853	$196.93	$275,000	$145,000	$1,275,000	56
WTH	0	$0	$0.00	$0	$0	$0	0
EXP	18	$378,292	$189.01	$286,950	$149,900	$1,275,000	101
Total	118	$552,737	$213.54	$395,000	$99,900	$4,000,000	80

All information is subject to verification and no liability for omission

or error is assumed

If you would like additional information about waterfront homes

in Kent County, please contact me directly at:

1-888-240-1968 ext 0

F.Y.I. ~ The 4 million dollar property listed is on Reeds Lake, the beautiful lake

in East Grand Rapids, captured in a photo by Bonnie Westbrook.

East Grand Rapids Mi Real Estate Market Report ~ August 2008

Posted on August 29, 2008 by Terry & Bonnie

East Grand Rapids is a small city, population of 10,784 located just east

of Grand Rapids city limits. It has been a desired place to live in the Grand

Rapids area for many years. It is primarily residential with some commercial

business areas. Many homeowners are attracted by Reeds Lake which plays

a prominent role in the community, its award winning public school system,

proximity to downtown Grand Rapids, and its overall small town feeling.

This is definitely a community that you can walk to school, the ice cream

store, or just around the tree lined blocks to visit the picturesque lakes,

Reeds Lake & Fisk Lake.

Homes range in all prices here in East Grand Rapids. There are

small 3 bedroom bungalows and ranches that were built just before and

after WWII, there aremega-mansions built on the shores of Reeds Lake

for wealthy citizens, and all ranges in between.

Reeds Lake at John Collins Park - East Grand Rapids

RESIDENTIAL REAL ESTATE MARKET

EAST GRAND RAPIDS MI ~ AUGUST 2008.

Homes Listed at $850,000 +

5 For Sale

Average price $ 2,092,980

High $4,000,000 Low $1,175,000

Average Days on Market 78

1 Home Sold – $ 1,275,000

50 Days on the Market

3 Home Listings Expired

Average Price: $ 1,233,333

Average Days on Market: 156

Homes Listed $450,000 to $ 850,000

18 Homes Available

Average price $ 583,083

Average Days on Market 83

1 Home Pending Sale

Price: $599,000 59 Days on Market

5 Homes Sold, 9 Expired

Average Sold Price: $ 531,000

Average Days on Market: 33

Average Expired Price: $606,366

Average Days on Market: 114

Homes Listed $ 300,000 – $ 450,000

37 Homes Available

Average Price: $ 374,118

Average Days on Market: 67

1 Pending, 10 Sold, 12 Expired, 1 Withdrawn

Average Sold Price: $355,440

Average Days on Market: 76

Average Expired Price: $395,941

Average Days on Market: 100

Homes Listed $ 200,000 – $300,000

30 Homes Available

Average Price: $ 257,899

Average Days on Market: 94

30 Sold Homes, 10 Expired, 3 Withdrawn

Average price: $154,303

Average Days on Market: 54

Homes Listed $0- $200,000

36 Available

Average Price: # 166,163

Average Days on Market: 68

9 Pending Sales

Average Price $ 150,100

Average Days on Market: 71

32 Sold Homes

Average Price: $170,306

Average Days on Market: 41

If you would like to know the value of your East Grand Rapids Home

in this market, please contact me directly.

1-888-240-1968 ext 0

East Village, Ada MI July 2008 Real Estate Market Report

Posted on July 31, 2008 by Terry & Bonnie

The East Village subdivision off of Ada Drive in Ada Township is a fairly

new development. The new housing construction started in 2005 and

is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development. Near both public and

private schools, East Village is also close to the Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada and the village of Cascade.

East Village is also close by the expressway for easy access to many

different parts of our greater Grand Rapids area quickly. Large,

executive style homes with many amenities and extras are the rule for

this neighborhood. If you would like to start with a brand new house,

this may be the place for you to call home.

Mature Oak Tree ~ Ada MI

East Village Market Report July 2008

8 For Sale, 3 Pending, 4 SOLD

Address Status Price Sq Ft $/Sq Ft DOM

707 Village Springs Dr For Sale 339,900 1895 179.36 49

459 Morraine Hill Dr For Sale 414,900 2480 167.29 131

524 Village Springs Dr For Sale 424,000 3180 133.33 81

572 Village Springs Dr For Sale 449,900 2926 153.75 48

632 Village Springs Dr For Sale 459,000 2760 166.30 47

5130 W Village Trail For Sale 499,000 3099 161.01 47

5010 W Village Court For Sale 499,900 3175 157.16 118

5050 Clear Springs Dr For Sale 574,900 2784 206.50 13

644 Village Springs Dr Pending 459,900 2825 162.79 190

4862 Meadow Springs Trl Pending 499,900 3175 157.44 75

5010 W Village Court Pending 499,900 3175 157.16 118

669 Village Springs Dr SOLD 349,900 2016 173.56 28

4969 Meadow Springs Trl SOLD 479,900 2914 164.68 51

527 Village Springs Dr SOLD 470,000 2757 170.47 58

4862 Meadow Springs Trl SOLD 489,900 3175 157.44 75

If you would like further information about Ada Homes, please

contact me directly

Cascade Woods, Cascade Township MI Residential Real Estate Market Report July 2008

Posted on July 31, 2008 by Terry & Bonnie

Cascade Woods is an established neighborhood of large, executive

style homes. 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.

Thornapple River in Autumn

Cascade Woods Residential Real Estate

Market Report July 2008

13 Homes For Sale (FS), 2 Pending, 8 SOLD

Address Status Price Sq Ft $/SqFt DOM

7063 Thorncrest FS 159,500 1808 88.21 96

2600 River Edge Dr FS 209,900 2928 71.68 11

2740 Cascade Spgs FS 227,900 2161 105.46 179

7399 Lime Hollow FS 249,900 3085 81.00 12

7469 Lime Hollow FS 249,900 2592 96.41 56

7382 Treeline Dr FS 288,000 1876 153.51 118

2627 Shadowbrook FS 295,900 2822 104.85 46

2909 Cascade Spgs FS 329,000 1872 175.74 268

2669 Cascade Spgs FS 399,000 2590 154.05 151

2424 River Edge Dr FS 399,900 1979 202.07 129

2521 Pebblebrook FS 394,900 2600 151.88 34

2515 Cascade Spgs FS 650,000 2613 248.75 402

2597 Cascade Spgs FS 850,000 3795 223.97 103

7049 Oran Dr Pdg 179,000 1649 108.55 271

2441 Cascade Spgs Pdg 649,900 2101 309.32 251

2573 Cascade Spgs SOLD 395,000 2695 146.56 118

2838 Cascade Spgs SOLD 125,000 1768 70.70 22

2662 Cascade Spgs SOLD 190,000 2004 94.81 195

2770 Hayward SOLD 225,000 2385 94.33 12

2680 Shadowbrook SOLD 306,000 3068 99.73 177

2438 River Edge Dr SOLD 337,500 2306 146.35 81

7386 Cascade Terr SOLD 208,000 2186 95.15 182

7356 Treeline Dr SOLD 243,000 2306 105.37 47

If you would like further information about Cascade Homes,

please contact me directly.

photo of Cascade Dam on the Thornapple River by Bonnie Westbrook

Hidden Hills, Cascade Township MI July 2008 Real Estate Market Report

Posted on July 31, 2008 by Terry & Bonnie

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids.

Home construction started here in the 1960’s housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban

subdivision area has been a desirable place to live in the Grand Rapids

home market for many years.

Median prices for homes in the Forest Hills School District for 2007-2008

were $235,000.

forsythia cascade mi

Hidden Hills, Cascade Township

Residential Real Estate Market Report

July 2008 ~ 12 For Sale, 3 Pending, 3 SOLD

Address Status Price SqFt $/SqFt DOM

7857 Aspenwood For Sale 369,900 2150 172.04 160

7982 30th St For Sale 164,900 1669 98.80 43

3447 Hidden Hills For Sale 169,900 2200 77.22 116

7745 Whitburn Ct For Sale 339,900 2756 123.33 12

7705 Tobemory For Sale 239,900 2238 106.33 41

3464 Hidden Hills For Sale 199,900 1734 115.28 34

7569 Woodvale For Sale 183,900 2238 82.17 37

7764 Kirkwall Dr For Sale 249,900 2212 112.97 48

3400 N.Applecrest Ct For Sale 248,900 2433 102.30 23

7626 Candlewood Dr For Sale 350,000 2856 122.54 173

7575 30th St For Sale 359,900 1920 187.44 187

3303 Whitburn Ct For Sale 399,900 3153 126.83 40

3282 Hidden Hills Pending 194,900 1512 128.90 77

3135 Bannockburn Pending 237,000 2211 107.19 20

3122 Torian Ct Pending 585,000 3000 195.00 132

3082 Torian Ct SOLD 443,500 3158 153.57 121

3464 Hidden Hills SOLD 137,900 1734 79.52 13

3510 Hidden Hills SOLD 197,000 2046 96.28 87

If you would like further information about Cascade Homes,

please contact me directly.

photo of Spring Flowering Forsythia by Bonnie Westbrook

Watermark Residences ~ Cascade Township, Michigan Real Estate Market Report July 2008

Posted on July 31, 2008 by Terry & Bonnie

The Residences at Watermark are on and near Watermark Golf

Course off Cascade Road. If you don’t like golf, or like to look

at a well manicured course, or get defensive when a stray ball rolls

into your “yard” you probably would be better off not buying a

home or condo here. 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. It is a

premier course with a friendly group of players.

The Single family homes and Condos make this a very attractive

place to live. There is access off Cascade Road and Spaulding Drive,

you are close to the airport, close to 28th Street shopping, close to

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

watermark residences entrance cascade mi

Watermark Residences July 2008 Market Report

2 Sold, 3 Pending, 8 For Sale

Address Status Price Sq Ft $/Sq Ft DOM

1991 Talamore Ct For Sale 475,000 1908 248.95 38

1664 Watermark For Sale 459,900 2085 220.57 177

2020 Watermark For Sale 525,000 2130 246.47 152

2064 Watermark For Sale 559,900 3423 163.56 124

1803 Watermark For Sale 599,000 2958 202.50 173

2201 Watermark For Sale 625,000 3137 199.23 125

1969 Watermark For Sale 724,900 3720 194.86 171

1908 Talamore Ct Pending 499,900 2115 236.35 10

2093 Stickley Dr. Pending 465,000 1908 243.71 116

2202 Watermark Pending 449,000 2860 156.99 85

2024 Feathery Ct. SOLD 525,000 3146 166.87 103

2096 Watermark SOLD 650,000 2388 272.19 79

If you would like further information about Cascade Homes,

please contact me directly.

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Grand Rapids Michigan Real Estate Market Reports

Ada Michigan Real Estate Market Report ~ Adatowne Sept 2008

Rockford Michigan ~ Real Estate Market Report ~ Sept 2008

Wyoming Michigan ~ Real Estate Market Report ~ August 2008

Waterfront Real Estate Report ~ August 2008 ~Eastern Kent County Michigan ~

East Grand Rapids Mi Real Estate Market Report ~ August 2008

East Village, Ada MI July 2008 Real Estate Market Report

Cascade Woods, Cascade Township MI Residential Real Estate Market Report July 2008

Hidden Hills, Cascade Township MI July 2008 Real Estate Market Report

Hidden Hills, Cascade Township

Residential Real Estate Market Report

July 2008 ~ 12 For Sale, 3 Pending, 3 SOLD

Watermark Residences ~ Cascade Township, Michigan Real Estate Market Report July 2008