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 June 30, 2009 real estate
market activity.
Forest Hills MI Listings over $300,000
The absorption rate for Forest Hills MI is 19.22 months, which means if no
new listings come on the market, it will take 19.22 months to sell the existing
$ 300K+ homes at the current rate of sale. This rate is up 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
237 Active Forest Hills Listings
Average price of $611,882
Average price/square foot $198.88
Low price of $300,000
High price of $2,700,000.
Sold Forest Hills Listings 53
Average sold price $475,835
Average Sold price/sq ft $ 161.96
Lowest sold price $300,000
Highest sold price $1,325,000
Pending Listings 21
Forest Hills Active Listings $74,000 – $300,000
The Absorption rate for Forest Hills homes in this price range is 7.3
months, which means that if no new homes enter the market, at the
current rate of sales, it will take 7.3 months to sell all current inventory.
This is up slightly from last month, but still within normal range.
Forest Hills Active Listings 219
Average Active Price $207,556
Average Active Price/SqFt $117.88
Average Active Days on the Market 113
High Active Price $300,000
Low Active Price $74,900
Sold Forest Hills Listings 127
Average Sold Price $189,179
Average Sold Price/sq ft $97.44
Average Sold Days on the Market 97 Days
High Sold Price $300,000
Low Sold price is $53,000
Pending Sales 52
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 slight reduction in average sold price and price per sq ft. With
more active listings coming on the market this summer, this will not
help current inventory sell faster or for more money.
Forest Hills MI Top Best Buy Homes ~ June 2009
Forest Hills Market Report May 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
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Forest Hills Eastern High School by Bonnie Westbrook
