Forest Hills Michigan Neighborhood Real Estate Market Report Ada Woods
Jan-Dec 2010
Ada Woods is an established development of homes in Ada, Michigan,
just west of Ada and south of Fulton Street (M46). Ada Woods started
out as an E.L. Ladd development, but towards the end of the project
many lots were sold to other builders and completed by individual owners.
The dates of building range from 1980′s to 2005. Most of the homes
have more square footage and more amenities than Adacroft Commons,
its adjacent neighborhood. As with Adacroft Commons, there is designated
common land in the development that remains heavily wooded and in a
natural state. This development is in the Forest Hills School System and
close to several private schools.
Ada Woods Real Estate Absorption Report Jan-Dec 2010
Active Listings: 2
Average Active Price – $ 282,450
Average Active Price/SqFt – $145.58
Average Days on Market – 133
Pending Sales: 1
SOLD Listings: 10
Average Sold Price -$ 274,577
High: $380,000 Low: $ 170,000
Average Sold Price/SqFt – $119.40
Average Sold Days on Market – 118
Absorption Rate = 2.2 months
MARKET SYNOPSIS: The average sold price is still going down,
about 10% from 2009 prices, though there was lots of activity
here last year. Still a Buyers’ Market, so price accordingly if
you want to see your Ada Woods home sold.
SEARCH FOR FOREST HILLS HOMES
If you have any questions about Grand Rapids or Ada Homes,
please contact me directly.
Copyright 2011 All Rights Reserved 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.
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Contact Terry 616-292-7263
