Adacroft Commons ~ Forest Hills MI Absorption Report Dec 2008

Adacroft Commons is a popular home market in Ada for the

Grand Rapids area.

Part of the appeal is the proximity of Forest Hills Central 5/6 School,

Middle School, High School, St Roberts School & Ada Christian

School, which are within walking distance. Adacroft Commons is also

close to the village of Ada and Forest Hills shopping. It is an established

subdivision, being started in the early 1970’sby E. L. Ladd Builders of

Ada, at the same time they were buildingin Adatowne. Adacroft

Commons homes were required to have atwo stall attached garage and

a family room, while Adatowne homes did not. There is designated

common land in thedevelopment that remains heavily wooded and in a

natural state,as in its adjacent neighborhood, Ada Woods. I have held

many open houses in these plats when they were new and sold many of

the homes as new construction – to be built. We personally purchased a

spec home here in 1976 and livedin Adacroft for 5 years before we built

our dream home on 6 acres(also in Ada Township).

If you doubt the power of your home as an investment, a 4 bedroom 2

story home (about 1750 sq ft) sold for $ 39,900 in Adacroft Commons

in 1970.

Adacroft Commons Real Estate

December 2008 Market Report

8 Sold, 0 For Sale, 1 Pending, 10 Expired

Adacroft Commons Active Listings: 0

Adacroft Commons Active Price – $0

Adacroft Commons Active Price/SqFt – $0

Adacroft Commons Active Days on Market 0

Adacroft Commons SOLD Listings: 8

Adacroft Commons average sold price – $ 165,625

Adacroft Commons average sold price/SqFt – $96.99

Adacroft Commons average sold days on market -77

Adacroft Commons Expired Listings: 10

Adacroft Commons average expired price – $ 186,410

Adacroft Commons average expired price/SqFt – $ 134.36

Adacroft Commons average days on market – 110

There are no current homes for sale in Adacroft Commons

listed on the local MLS board. This is an extremely desirable

area to live, with its close proximity to Forest Hills Central

Middle & High Schools. In the above stats you can see the

$20,000 disconnect between sellers and buyers, or $37 /SqFt.

difference on the main floor. If you would like to sell in this market,

you have tobe priced at the current market price, not 2004

prices, IF you want to sell your home.

If you have detailed questions or just need general info

about Grand Rapids or Ada Homes, please contact me.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Adacroft Entrance on Ada Drive Photo by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

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