Forest Hills Michigan Neighborhood Real Estate Market Report East West Village Jan-Dec 2010
The East/West 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 to the I96 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 in Forest Hills,
this may be the place for you to call home.
Real Estate Market Report East-West Village Jan-Dec 2010
2010 For Sale: 7
East Village Homes average list price: $ 448,871
East Village average price/sq ft (main floor): $ 166.54
East Village average days on the market:177 days
Pending Sales : 0
Sold 2010 Homes : 7
High Price – $480K Low Price: $345K
East Village Average SOLD Price: $ 416,857
East Village Average price/sq ft: $162.93
East Village Average SOLD days on market: 87 days
SOLD Price % of List Price: 99.15
Market Synopsis: East -West Village Homes are selling for a little
more in 2010 than in 2009, though it is almost 6 months to do so.
The absorption rate for East -West Village is 12 months, which means
if no new homes enter the marketplace, it will take 12 months
for the current home inventory to sell. This is high for the Ada–Forest
Hills area, it reflects the higher prices of the homes and is longer by half
than 2009 sell times for this subdivision. Higher priced homes are slow
movers on today’s market.
Search Forest Hills Homes
Additional Real Estate Articles:
Forest Hills Michigan Real Estate
If you would like further information about East or West Village,
Ada, or Grand Rapids Homes, please contact me directly.
photo of Ada Bike Trail 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