Forest Hills Michigan Real Estate Market Report Sept 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 schooling,

such as Ada Christian that attract many home owners.

This report covers the third quarter 2011 Forest Hills real

estate market activity.

Forest Hills July – Sept 2011 Real Estate Market Report:

Active Listings – 400

Average Sold Price: $283,932

Pending – 63

Sold – 169

% Sale Price to List Price – 94.1%

Absorption Rate: 5.17 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, amenities, and price play a

large 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 under $300K.

The Absorption Rate is increasing with fall approaching, 5.1

months means that it will take 5.1 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,

despite what you hear on the nightly news.

If you would like specific information about an Ada, Cascade or

Forest Hills MI Home, please contact me directly.

Photo of Forest Hills Northern Trails School Banner by Bonnie Westbrook

_____________________________________________________________________________

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!

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Grand Rapids Real Estate