Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. 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 Public 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.

More information about this Cascade Woods Home on our web site.

Cascade Woods Market Report Jan – April 2010

10 Homes For Sale,  0 Pending,  1 SOLD, 5 Expired

Cascade Woods Active Listings: 10

Cascade Woods Average price – $386,260

Cascade Woods Average $/SqFt – $141.29

Cascade Woods Average days on market – 116

Cascade Woods Sold Listings: 1

Cascade Woods average price – $211,000

Cascade Woods average $/SqFt – $ 81.40

Cascade Woods average days on market – 135 days

Cascade Woods Expired Listings: 5

The Absorption Rate for Cascade Woods Homes is 40 months,

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

3.3 years to sell the existing inventory.   The average sold price

has actually risen but one sale doesn’t make a trend.

This could reflect foreclosures, short sales, and homes in dated

condition  that have sold over the last 12 months. The average list

price  has decreased by over 9% since 2009.   Only 1 Cascade Woods

home has sold since this year, so far.

Today’s buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, and new flooring. If your Cascade

Woods home hasn’t sold, it is probably condition,  which gets

us back to price.  If you don’t want to improve your home, you

won’t get the same price as people who have updated and kept

their home current according to recent trends.

Forest Hills Michigan Real Estate Reports ~  2010

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

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

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