Real Estate Market Report – Ada, MI ~ Clements Mill ~ Nov 2008

Posted on November 22, 2008 by Terry & Bonnie

Clements Mill is a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada’s Clements Mill has seen steady to declining values in the short

time it has been built out. This is largely due to the current over

abundance of houses for sale in a soft resale market.

Clements Mill Real Estate

Market Report November 2008

21 Sold, 1 Pending, 5 For Sale, 8 Expired

Clements Mill Active Listings November 2008: 5

Average Active Price: $250,700

Average Active Price/SqFt: $118.14

Average Active Days on Market: 120

Clements Mill Sold Listings November 2008: 21

Average Sold Price: $276,223

Average Sold Price/SqFt: $123.39

Average Days on Market: 108

Clements Mill Expired Listings: 8

Average Expired Price: $269,275

Average Expired Price/SqFt: $ 130.94

Average Expired Days on Market: 152

Absorption Rate for Clements Mill homes is averaging 2 sold homes

per month for 2008 to date. With 5 current listings, there is a 2.5

month supply of homes on the market in Clements Mill, Ada MI.

Clements Mill Market Report Sept 2008

Clements Mill Market Report July 2008

Clements Mill Market Report June 2008

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. There is a new proposed 80 condo units – Villas of Ada

and Stone Falls of Ada – a 210 unit apartment complex, currently

open & under construction here. The Stone Falls of Ada apartment project

is adjacent to Clements Mill. Both are scheduled for completion by

spring 2009.

If you have detailed questions about Ada Homes, Forest Hills Homes or

just need further information, please contact me directly at:

1-888-240-1968 ext 0

Grand Rapids Ada MI Real Estate Five Star Real Estate LLC

Ada Drive Walking Trail Photo by Bonnie Westbrook

Forest Hills Michigan ~ Real Estate Market Report ~ Nov 2008

Posted on November 17, 2008 by Terry & Bonnie

Ada Cascade MI Real Estate is always active. These Grand Rapids suburban

communities have wonderful neighborhoods, some new and some older with

prestigious Forest Hills Public Schools, and private schools that attract many

homeowners.

This report will cover the July to Nov. 2008 real estate market activity.

Forest Hills Eastern High school Ada Township MI

Ada Cascade Listings over $300,000

There are 203 Active Ada Cascade Listings in the over $300,000 category with

an average price of $663,276. The Active Listings have been on the market

for an Average of 150 Days. The Average price per square foot of Active

Listings is $207.16 with a low price of $300,000 & a high price of $2,700,000.

There have been 68 Sold Ada Cascade Listings in the over $300,000 category

with an Average price of $550,287. The Average Sold price per square foot is

$ 184.86 with Average Days on the Market at 124. The lowest sold price is

$306,200 & the highest sold price is $1,500,000. There are 9 Pending

Ada Cascade Listings in this category.

forest hills mi market report 11-08

Ada Cascade Listings $100,000 to $300,000

There are 188 Ada Cascade Active Listings with an Average Price of

$205,252. The Average Active Price per Sq Ft is $121.37 and the

Average Active Days on the Market are 104. The High Active Price is

$300,000 and the Low Active Price is $104,900.

There have been 57 Sold Ada Cascade Listings in the last 4 months. The

Average Sold Price is $196,586 with the Average Sold Price per square foot

at $111.22. Average Sold Days on the Market is 96 Days. The high Sold

price is $290,000 & the low sold price is $104,500. There are 21 Pending

Sales in this category.

forest hills mi market report 11-08

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

If you would like specific information about an Ada Cascade MI Home,

please contact me directly.

Grand Rapids Ada Real Estate Five Star Real Estate LLC

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Wyoming MI Real Estate Market Report ~ November 2008

Posted on November 17, 2008 by Terry & Bonnie

Wyoming Michigan is a large suburban community of Grand Rapids, MI.

Wyoming MI homes are moderately priced, which should make it an active

market in this economy.

Obviously the lower price levels have affected the average price

(low price $54,200 vs high price of $236,835).

I assume some of the lowest price levels are bank owned foreclosures

negatively affecting the market price.

As you can see by the graph pictured below, Wyoming homes listed at a

high price are not selling until the price gets close to the average or below.

188 Wyoming MI Homes Actively on the Market October 2008

36 Wyoming MI Pending Sales for January to November

61 Wyoming Sold Homes for January to November

Wyoming MI chart of November 2008 listings

Wyoming MI November 2008 listings price

Wyoming MI Nov 2008 listings $/sqft

Wyoming MI Nov 2008 listings DOM

In Wyoming, MI there is a lot of sold activity in the lower price brackets,

$ 50,000 to $ 85,000. There are some great bargains here for

savvy home buyers. The lowest average sold prices have risen about

$15,000 since August. At the top end, it looks like the higher prices have

started moving towards the middle, they have lost about $13,000 in

average sold prices.

Wyoming MI Market Report August 2008

Wyoming MI Market Report Sept 2008

If you have any questions about Wyoming or Grand Rapids Homes,

contact me directly at: 1-888-240-1968 ext 0

Grand Rapids Ada Real Estate Five Star Real Estate

All information is subject to verification and no liability for error or omission is assumed.

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Monthly Archives: November 2008

Real Estate Market Report – Ada, MI ~ Clements Mill ~ Nov 2008

Forest Hills Michigan ~ Real Estate Market Report ~ Nov 2008

Wyoming MI Real Estate Market Report ~ November 2008