Grand Rapids MI Absorption Report Dec 2008 ~ Cascade Woods

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960’s and 1970’s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for decades.

Part of the Forest Hills School District, which draws many families,

there is also the river and it’s picturesque appeal. The drive down

Thornapple River Drive between Ada and Cascade in the fall is one

of the prettiest drives in the greater Grand Rapids area.

Cascade Woods Absorption Market Report

December 2008

9 Homes For Sale, 1 Pending, 11 SOLD, 24 Expired

Cascade Woods Active Listings: 9

Cascade Woods Active average price – $327,056

Cascade Woods Active average $/SqFt – $110.20

Cascade Woods Active average days on market – 92

Cascade Woods Sold Listings: 11

Cascade Woods average sold price – $249,073

Cascade Woods average sold $/SqFt – $ 110.37

Cascade Woods average sold days on market – 106 days

Cascade Woods Expired Listings: 24

Cascade Woods Expired average price – $290,591

Cascade Woods Expired average $/Sq/Ft – $ 122.50

Cascade Woods Expired average days on market – 178

The absorption Rate for Cascade Woods Homes is 10.8 months,

Which means if no new listings come on the market, it will take

10.8 months to sell the existing inventory. The average sold price

per SqFt and the Active listings Price /SqFt seem to be aligned. It could

be home condition which is slowing the sales in this area of older homes.

Today’s buyers do not want to do ANY updates, which includes painting,

new kitchens & baths, new flooring. If your Cascade Woods home hasn’t

sold, it is probably condition, which gets us back to price. If you don’t

want to improve your home, you won’t get the same price as people who

have updated and kept their home current.

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook

Grand Rapids Real Estate