Grand Rapids Michigan Real Estate Market Report ~ Quail Crest Condos ~ July 2009

Posted on July 12, 2009 by Terry & Bonnie

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 late 1990’s.

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 Condos Entrance Cascade MI

Quail Crest Condominiums Real Estate Market Report

July 2009

13 For Sale, 2 Pending, 2 Sold

Quail Crest Condos Active Listings: 13

Quail Crest Condos Average Active Price – $218,331

Quail Crest Condos Average Active Price/SqFt – $ 149.22

Quail Crest Condos Average Active days on market – 104

Quail Crest Condos Sold Listings: 2

Quail Crest Condos average sold price – $212,500

Quail Crest Condos average sold price/SqFt – $ 136.63

Quail Crest Condos average days on market – 236

The absorption rate for Quail Crest Condos is 19.69 months, which

means if no new listings come on the market, it will take 19.69 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s condo buyers, or there is a glut of condos on

the market. Prices are still dropping on average sold prices, though

the average list price has risen.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market. That may be the route to take, if you can

play the role of landlord successfully.

Forest Hills MI Real Estate Market Report June 2009

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.

Grand Rapids Ada MI Real Estate – Westbrook Realty

photo of Quail Crest Entrance by Bonnie Westbrook

Grand Rapids Michigan ~ Watermark Residences Market Report ~ June 2009

Posted on July 10, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark Golf Course just

south of Cascade Road. Yes, I play Watermark golf course every chance

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

It has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this 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 grand rapids mi

Watermark Residences

June 2009 Real Estate Market Report

For Sale: 6

There are 6 active Watermark Homes currently on the market.

The median Watermark Homes current active price is $ 897,450

The average Watermark Homes current price per sq ft is $ 284.99

The average days on the market for active Watermark Homes is 149

The high price is $ 2,700,000 and the low price is $ 399,900.

Sold: 1

There has been 1 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 440,000

The average Watermark Sold Homes price per sq ft is $206.57

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

Pending: 1

Expired: 7

At the current rate of sales, we have a 18 month Absorption rate at the

Watermark Residences. This means that it will take 18 months for the

current listed homes to sell based on the current rate of sales.

Watermark buyers don’t seem very interested at the present prices.

The listed avg. price/square foot is about $80 more than the only sale

so far this year. The $2.7 million home does inflate the figures but

price/sq ft should be similar. Summer has seen another sale here, but

overpriced homes just aren’t selling no matter where they are located.

Additional articles about Watermark Residences:

Watermark Residences May 2009 Market Report

Watermark Residences March 2009 Market Report

Watermark Country Club ~ Pool Time

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

Grand Rapids – Ada Real Estate – Westbrook Realty

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids Township Michigan Real Estate Market Report ~ June 2009

Posted on July 9, 2009 by Terry & Bonnie

Current Absorption Rate for Grand Rapids Township homes is 8.8 months,

which means if no new listings come on the market, it will take 8.8 months

to sell the existing inventory of homes. The average sold home price has

risen from last month. Summer inventory is up compared to last month

and absorption rate is closer to normal levels.

If you want your Grand Rapids Township home to sell, it must be in

tip top condition and priced to sell.

Meijer Gardens Entrance

There are 167 Active listings currently for sale.

The average List price is $ 316,177

Average List price $/SqFt $145.57

113 Sold & Pending Grand Rapids Township Homes since 1-09

The average SOLD price is $ 248,640

Average Sold Price /SqFt $118.41

High Sold Price $ 720.000

Low Sold Price $ 53,000

Grand Rapids Township MI Absorption Report May 2009

Grand Rapids Township MI Top Best Home Buys June 2009

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Grand Rapids -Ada Real Estate – Westbrook Realty

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

Grand Rapids Township Michigan Real Estate Market Report ~ May 2009

Posted on May 28, 2009 by Terry & Bonnie

Current Absorption Rate for Grand Rapids Township homes is 9 months,

which means if no new listings come on the market, it will take 9 months

to sell the existing inventory of homes. The average sold home price has

edged downward slightly from last month. Spring inventory is down

compared to last month and absorption rate is nearing normal levels.

If you want your Grand Rapids Township home to sell, it must be in

tip top condition and priced to sell.

Meijer Gardens Entrance

There are 155 Active listings currently for sale.

The average List price is $ 309,886

Average List price $/SqFt $142.15

85 Sold & Pending Grand Rapids Township Homes since 1-09

The average SOLD price is $ 244,109

Average Sold Price /SqFt $115.88

High Sold Price $ 660,000

Low Sold Price $ 85,000

Grand Rapids Township Absorption Report March 2009

Grand Rapids Township Top Best Home Buys May 2009

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly:

1-888-240-1968 ext 0

email: terry@terrywestbrook.com

Grand Rapids -Ada Real Estate – Westbrook Realty

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook

Forest Hills Michigan ~ Real Estate Market Report ~ April 2009

Posted on April 28, 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 Feb 1, 2009 to April 28, 2009 real estate

market activity.

Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 17.3 months, which means if no

new listings come on the market, it will take 17.3 months to sell the existing

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

prices are up slightly. Inventory is ticking up, but sales are holding

fairly steady. Your Forest Hills 300K+ home has a good chance to sell if

it is in good condition and priced correctly.

Active Forest Hills Listings -225

Average price – $633,519

Average price per square foot – $201.55

Low price – $300,000 High price – $2,700,000.

Sold Forest Hills Listings – 23

Average SOLD price – $539,372

Average Sold price per square foot -$ 168.63

Lowest sold price – $310,000 Highest sold price – $1,325,000

Pending Forest Hills Listings – 16

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

The Absorption rate for Forest Hills homes in this price range is 6.28

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

current rate of sales, it will take 6.28 months to sell all current inventory.

There are 197 Forest Hills Active Listings

Average Price $213,567.

Average Active Price/SqFt is $119.82

Average Active Days on the Market – 119

High Price – $300,000 Low Active Price – $104,900.

Sold Forest Hills Listings -58

Average Sold Price – $193,873

Average Sold Price per square footat $96.78

Average Sold Days on the Market is 100 Days.

High price is $299,900 low sold price – $100,000.

36 Pending Sales

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. Your home must be priced competitively

and be in great condition to see the best offer from a Forest Hill buyer.

Ada Cascade Market Report March 2009

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.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Lowell Michigan Absorption Report ~ April 2009

Posted on April 27, 2009 by Terry & Bonnie

Lowell Michigan Real Estate Market Report ~ April 2009

Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.

It has really grown in the last 20 years, in many ways. Lowell has a great

school system, a thriving business community, a lively arts society, and

is one of the best kept secrets in Kent County.

These are the statistics for home sales in the Lowell School District.

Active Listings: 153 Active Listings

Average Price: $257,040

Price per Sq Ft: $131.73 (Main Floor only)

Average days on the Market: 89

PENDING: 18 homes

SOLD: 52 Sold Homes

Average Price: $ 141,826

Average Price Per Sq Ft: $ 83.42 (Main floor only)

Average Days on the Market: 54

Expired: 43 Expired listings

Average Expired Price: $255,400

Average Price Per Sq Ft: $144.02 (Main floor only)

Average Days on the Market: 113

Absorption Rate for Lowell Listings is 17.48 months for the

current housing inventory. If no other homes enter the market, it

will take 17.48 months for the current homes to sell at the current

rate of sales.

Lowell Homes that are priced competitively are selling and selling

fairly quickly compared to the greater Grand Rapids area.

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

per square foot under $80 are seeing the most activity. There are

quite a few foreclosure or short sale homes which are bringing

down the average sales price and square footage rates lower than

they might normally be, but both average list price and average sold

price are up from last months stats.

Some sellers have retired from the market and will try again soon,

filling an already saturated market.

They might find a better buying market, but price is still king.

Today’s buyer is looking for a well priced bargain in great condition.

Lowell Michigan Real Estate Market Report March 2009

Lowell Michigan Real Estate Market Report February 2009

If you would like additional information about Lowell

Area Homes, please contact me through email or my web site.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Caledonia MI Real Estate Market Report ~ April 2009

Posted on April 24, 2009 by Terry & Bonnie

Current Caledonia MI Absorption Report

Absorption rate for Caledonia MI Market is currently 11.6 months,

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

11.6 months for the current inventory to sell at the current

sales rate. This stat is up over 10 % from last month.

Ruehs Park Caledonia Michigan

There are 158 current active listings, from $39,000 to $1,100,000 in

Caledonia MI.

The current average Caledonia home listed price is much higher

[about $304,067] than the average sold price [$174,781].

20 Pending Home Sales, and 88 Sold Homes since Sept 1, 2008.

The average sold price/Square foot is $ 98.38

This shows me that the upper end of the Caledonia market is slower

to sell (12 sales over $200K) than the lower end (under $200K) is selling.

Sold price per square foot continues to slide downward, overall. There are

some excellent buys in Caledonia, don’t wait until they are gone.

Caledonia March 2009 Real Estate Market Report

Caledonia December 2008 Absorption Report

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook

Cascade Township MI Absorption Report ~ Hidden Hills ~ March 2009

Posted on March 31, 2009 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 sub-

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

market for many years.

Hidden Hills, Cascade Township

Residential Real Estate Market Report

March 2009

6 For Sale, 2 Sold, 1 Pending, 1 Expired

Hidden Hills Active Listings 6

Hidden Hills Average Active Price: $ 301,767

Hidden Hills Average Active Price Per Sq Ft: $ 121.84

Hidden Hills Active Average Days on Market: 71

Hidden Hills Sold Homes 2

Hidden Hills Average SOLD Price: $ 172,500

Hidden Hills Average SOLD Price Per Sq Ft: $ 83.08

Hidden Hills Average SOLD Days on the Market: 112

Hidden Hills Pending Homes: 1

Hidden Hills Expired Homes: 1

Hidden Hills Average Expired Price: $ 400,000

Hidden Hills Average Expired Price Per Sq Ft: $129.87

Hidden Hills Average Expired Days on the Market: 160

The current absorption rate is 21 months, which means we have

a 21 month supply of homes in the Hidden Hills market, IF no new

homes enter the market and homes sell at the current rate.

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

dropped about $100K and about $20 /SqFt in the last 9 months.

Time on the market has decreased slightly and we have had 2 homes

sell since the first of the year. Prices selling way below 2004 prices

is sobering news for Hidden Hills sellers but solid homes available at bargain

prices for buyers who want Forest Hills School District.

Sellers: You can’t get top price if your condition is vintage 1980’s.

Today’s buyers have too many choices to settle for outdated homes.

Forest Hills School District Average Sold Home Prices last 5 years:

2008 – $ 279,709

2007 – $ 269,445

2006 – $ 300,691

2005 – $ 282,173

2004 – $ 268,072

Hidden Hills Market Report Oct 2008

Forest Hills MI Market Report Nov 2008

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

photo of Leslie E Tassell Park by Bonnie Westbrook

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009

Posted on March 30, 2009 by Terry & Bonnie

The East Village subdivision off 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 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, Grand Rapids, 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. Large,

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

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

this may be the place for you to call home.

Real Estate Market Report East Village March 2009

For Sale: 5

East Village Homes average list price: $ 490,720

East Village average price/sqft (main floor): $ 183.23

East Village average days on the market: 49 days

Pending:1

Sold: 3

East Village SOLD homes average price: $ 398,333

East Village SOLD homes average price/sqft: $140.94

East Village SOLD homes average days on market: 86 days

Expired: 3

East Village expired homes average price: $434,933

East Village expired homes average price/sqft: $177.02

East Village Homes are selling, if priced correctly. Buyers are

paying about $140/SqFt on the main floors, which is down from

last summer’s prices.

The absorption rate for East Village is 2.85 months, which means

if no new homes enter the marketplace, it will take 2.85 months

for the current home inventory to sell.

East Village Market Report December 2008

Forest Hills Market Report November 2008

If you would like further information about East Village, Ada, or

Grand Rapids Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Cascade Township MI Real Estate Market Report ~ Caravelle Village ~ March 2009

Posted on March 30, 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

March 2009 Market Report

4 For Sale, 7 SOLD, 1 Pending, 3 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 187,175

Caravelle Village Average Active Price/Sq Ft – $ 129.91

Caravelle Village Average Days on the Market – 210

Caravelle Village SOLD Listings: 7

Caravelle Village Average Sold Price – $ 183,071

Caravelle Village Average Sold price/SqFt – $ 128.21

Caravelle Village Average Sold Days on the Market – 62

Caravelle Village Pending Listings: 1

Caravelle Village Expired Listings: 3

Caravelle Village Average Expired Price – $193,200

Caravelle Village Average Expired Price/SqFt – $126.96

Caravelle Village Average Expired Days on the market – 97

At the current rate of sales, we have a 3.5 month supply of homes in

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

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year. The average listed price has dropped slightly,

but buyers are still reluctant.

This is a popular area for home buyers, but your home must be in top

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

Caravelle Village Market Report August 2008

Forest Hills Schools Market Report Sept 2008

Caravelle Village Market Report Oct 2008

Ada Cascade Market Report Nov 2008

Grand Rapids Ada Real Estate ~ Westbrook Realty

photo of Cascade Township Park & Thornapple River by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Grand Rapids Michigan Real Estate Market Reports

Grand Rapids Michigan Real Estate Market Report ~ Quail Crest Condos ~ July 2009

Grand Rapids Michigan ~ Watermark Residences Market Report ~ June 2009

Grand Rapids Township Michigan Real Estate Market Report ~ June 2009

Grand Rapids Township Michigan Real Estate Market Report ~ May 2009

Forest Hills Michigan ~ Real Estate Market Report ~ April 2009

Lowell Michigan Absorption Report ~ April 2009

Caledonia MI Real Estate Market Report ~ April 2009

Cascade Township MI Absorption Report ~ Hidden Hills ~ March 2009

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009

Cascade Township MI Real Estate Market Report ~ Caravelle Village ~ March 2009