Forest Hills Michigan Absorption Report Dec 208 ~ Ada Moorings

Ada Moorings is located off Grand River Drive, just east of Ada

and close to Ada Township Park. A recent development by

Eastbrook Builders, these quality built homes are in Forest

Hills Public School District. Close to the village of Ada and not

far from the village of Cascade,this subdivision is near 28th

Street shopping, the Thornapple and the Grand Rivers.

Ada Moorings Market Report October 2008

7 For Sale, 9 Sold, 1 Expired

Ada Moorings Active Listings: 7

Ada Moorings average active price – $248,486

Ada Moorings average active price /SqFt – $ 126.50

Ada Moorings average days on market – 115

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,322

Ada Moorings average sold price/SqFt – $ 125.69

Ada Moorings average sold days on market – 88

The Absorption Rate for Ada Moorings Homes is 9.3

months, which means if no new listings come on the

market it will take 9.3 months for the existing homes

to sell at the current rate of sales.

The average list price has dropped $20,000 in the last

quarter of the year, which means sellers are much closer

to the actual market price than they were before.

The average sale price has dropped about $4000.

If you would like further information about the value of your Ada or

Grand Rapids Home, please contact me directly.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Grand River in Ada by Bonnie Westbrook

Grand Rapids Real Estate