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

                 December 2008

       6 Sold, 4 For Sale, 8 Expired

Ada Woods Active Listings: 4

Ada Woods Average Active Price – $ 332,425

Ada Woods Average Active Price/SqFt – $132.53

Ada Woods Average Days on Market – 149

Ada Woods SOLD Listings: 6

Ada Woods Average Sold Price -$ 313,567

Ada Woods Average Sold Price/SqFt – $121.37

Ada Woods Average Sold Days on Market – 119

Ada Woods Expired Listings: 8

Ada Woods Average Expired Price – $ 300,900

Ada Woods Average Expired Price/SqFt – $ 132.48 

Ada Woods Average Expired Days on Market – 158

  

MARKET SYNOPSIS: As you can see by the numbers, average sold

price has lowered about $ 27,000. The average asking price has lowered

a tiny bit, but not enough to get buyers off the fence. The expired number

is up which tells me that some sellers have given up trying to get their

asking price. 

If you don’t have your Ada Woods home priced about $ 120.00 a sq ft,

you will be waiting for a stronger sellers market to sell your home.

 

Ada Woods Market Report June 2008

Ada Woods Market Report July 2008

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

Ada Woods Market Report Nov 2008

 

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

please contact me directly.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Copyright 2008  All Rights Reserved

Headley St in Ada Mi photo by Bonnie Westbrook