Grand Rapids Absorption Report Dec 2008 ~ Quail Crest Condos

The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the late 1990’s.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance. Forest

Hills Public Schools are the school district, Watermark Country Club,

Forest Hills & 28th Street shopping are a short distance away.

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condominiums Real Estate Market Report

December 2008

3 Sold, 10 For Sale, 5 Expired

Quail Crest Condos Active Listings: 10

Quail Crest Condos Average Active Price – $154,125

Quail Crest Condos Average Active Price/SqFt – $ 109.11

Quail Crest Condos Average Active days on market – 137

Quail Crest Condos Sold Listings: 3

Quail Crest Condos average sold price – $274,167

Quail Crest Condos average sold price/SqFt – $ 167.48

Quail Crest Condos average days on market – 89

Quail Crest Condos Expired Listings: 5

Quail Crest Condos average expired price – $202,160

Quail Crest Condos average price/SqFt – $ 147.35

Quail Crest Condos average days on market – 146

The absorption rate for Quail Crest Condos is 40 months, which

means if no new listings come on the market, it will take 40 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s buyer, or there is a glut of condos on the market.

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly. We can

also have these monthly market reports emailed to your

inbox, just contact us.

photo of Quail Crest Entrance by Bonnie Westbrook

Grand Rapids Real Estate