Clements Mill is  a newer home development built by EastbrookConstruction in the Ada MI area, started in 1999 and completed in2003. Apart from newer homes, part of the appeal is the proximityof  Forest Hills Central Middle and High Schools, Forest Hills Woodlands 5/6 School, St Roberts & Ada Christian Schools, whichare within walking distance.Clements Mill is midway between the Village of Ada and Forest Hillsshopping area at Cascade Road and Forest Hills.Ada’s Clements Mill has seen steady to declining values in the shorttime it has been built out.  This is largely due to the current overabundance of houses for sale in a soft resale market.                 Clements Mill  Residential Real Estate                      Market Report December 2008

           22 Sold, 2 Pending, 2 For Sale, 10 Expired The Absorption Rate for Clements Mill Ada Township MIis 1 month, which means if no new listings come on the market,it will take 1 month for the current homes inventory to sell atthe existing sales rate. Clements Mill Active Listings December 2008: 2Average Active Price: $182,400Average Active Price/SqFt: $105.12Average Active Days on Market: 230Clements Mill Sold Listings December 2008: 22Average Sold Price: $271,531Average Sold Price/SqFt: $122.07Average Days on Market: 116Clements Mill Expired Listings: 10Average Expired Price: $283,300Average Expired Price/SqFt: $ 131.99Average Expired Days on Market: 139 Clements Mill Market Report Nov 2008Clements Mill Market Report Sept 2008Clements Mill Market Report July 2008Clements 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% since2000. There is a new proposed 80 condo units – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyopen & under construction here.  The Stone Falls of Ada apartmentproject is adjacent to Clements Mill.  Both are scheduled for completion by spring 2009 but are open for business now. If you have detailed questions about Ada Homes, Forest Hills Homes orjust need further information, please contact me directly.Grand Rapids Ada MI  Real Estate   Five Star Real Estate LLCCopyright 2008  All rights reservedAda Drive Walking Trail Photo by Bonnie Westbrook