Ada Michigan Neighborhood Real Estate Market Report Clements Mill August 2009
Clements Mill is a newer home development built by Eastbrook
Construction in the Ada MI area, started in 1999 and completed in
2003. Apart from newer homes, part of the appeal is the proximity
of Forest Hills Central Middle and High Schools, Forest Hills
Woodlands 5/6 School, St Roberts & Ada Christian Schools, which
are within walking distance.
Clements Mill is midway between the Village of Ada and Forest Hills
shopping area at Cascade Road and Forest Hills.
Ada’s Clements Mill has seen steady to declining values in the short
time it has been built out. This is largely due to the current housing
economy where all homes have suffered a decline in values.
Clements Mill Market Report
August 2009
10 Sold, 2 Pending, 5 For Sale, 5 Expired
Clements Mill Active Listings: 5
Average Active Price: $213,520
Average Active Price/SqFt: $127.66
Average Active Days on Market: 62
Clements Mill Sold Listings: 10
Average Sold Price: $250,370
Average Sold Price/SqFt: $110.37
Average Days on Market: 97
Clements Mill Expired Listings: 5
Absorption Rate for Clements Mill homes is averaging
2 months, which is a very low rate for the Grand Rapids area.
List prices are about $37K above sold prices, which is
deceiving because the larger homes are selling, which could
be reflected in days on the market for sold listings.
Forest Hills Michigan Real Estate
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 units – Villas of Ada
and Stone Falls of Ada – a 210 unit apartment complex, currently
open & under construction here. The Stone Falls of Ada apartment
project is adjacent to Clements Mill and Villas of Ada is directly
across Ada Drive.
If you have detailed questions about Ada Homes, Forest Hills
Homes or just need further information, please contact me
directly: terry@terrywestbrook.com or call 1-616-292-7263
Copyright 2009 All rights reserved
Ada Drive Walking Trail Photo 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