Forest Hills MI Neighborhood Real Estate Market Report – Cascade Woods Jan-Dec 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.
Cascade Woods Market Report Jan – Dec 2010
4 Homes For Sale, 9 SOLD
Cascade Woods Active Listings: 4
Average price – $344,975
Average $/SqFt – $131.99
Average days on market – 262
Cascade Woods Sold Listings: 9
Average Sold price – $238,722
Average Sold $/SqFt – $ 100.13
Average Days on market – 99 days
Average % of Sale Price to List Price: 95.95%
The Absorption Rate for Cascade Woods Homes is 5.3 months,
Which means if no new listings come on the market, it will take
5.3 months to sell the existing inventory. The average sold price
has gone down and average list price has gone down about 10%
over the last year. Cascade Woods homes are selling but not at
market highs seen 3-4 years ago. Price and condition are the key
factors in a Cascade Woods sale.
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Additional Forest Hills Articles:
Forest Hills Michigan Real Estate Reports
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