Forest Hills Michigan Real Estate Market Report April – June 2011
Forest Hills is actually a school district in Ada–Cascade real
estate market that is always active. These 2 Grand Rapids suburban
communities have wonderful neighborhoods, some older, some new
with Top Ranked Forest Hills Public Schools and private schools,
such as Ada Christian that attract many home owners.
This report will cover the second quarter 2011 Forest Hills real
estate market activity.
Forest Hills April – June 2011 Real Estate Market Report:
Active Listings – 440
Average Sold Price:
Above $250K = $ 404,154
Below $250K = $ 158,056
Pending – 90
Sold – 190
% Sale Price to List Price – 94.6%
Absorption Rate: 4.7 Months
Please bear in mind that this report is all about averages.
While it might take one home 330 days to sell, another may sell in
under a week. Condition, location, and amenities play a big role
in a fast sale. Even though there are many multi-million dollar homes
in this district, the majority of homes are under $400K with the
average sold price at around $300K.
The Absorption Rate at 4.7 months means that it will take about
4.7 months for the current inventory of homes to sell, if selling at the
current rate. This is considered a normal market. Real estate is
selling in the Forest Hills district As in a typical market, spring and
early summer experience many home sales.
Additional Forest Hills Articles:
SEARCH Forest Hills Bank Owned – Short Sale Homes
Forest Hills Real Estate Market Reports
Forest Hills District Ranks Top in State
Forest Hills District Posts MEAP Scores
If you would like specific information about an Ada, Cascade or
Forest Hills MI Home, please contact me directly.
Copyright 2011 All rights reserved
Photo of Forest Hills Northern Trails School Banner 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. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263