Cascade Neighborhood Absorption Report

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

                     Tamarron Residential Real Estate 

                       January 2009 Market Report

                      5 Sold,  3 For Sale, 11 Expired

Tamarron Active Listings: 3

Tamarron Average Active Price – $ 361,300

Tamarron Average Active Price/SqFt – $ 107.93

Tamarron Average Active Days on Market – 153

 

Tamarron  SOLD Listings: 5

Tamarron  Average Sold Price – $ 339,480

Tamarron Average Active Price/SqFt – $ 98.11

Tamarron Average Sold Days on Market – 63

 

Tamarron Expired Listings: 11

Tamarron Average Expired Price – $ 388,891

Tamarron Average Expired Price/SqFt – $ 129.65

Tamarron Average Expired Days on Market – 137

 

At the current selling rate, we have a 4.2 month supply of homes on the

market in Tamarron in Cascade Township.

 

MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that

some sellers would like to see. Today’s market is accepting homes under

$100.00 a sq ft. This is a price reduction for this area.  As you can see,

the remaining sellers think their homes will sell at $ 107 a sq ft. This isn’t

happening.

The expired listings are even further out of sync at $ 129 a sq ft. If you have to

sell your Tamarron Estates home now, the market place is telling you that

you need to be at $ 100 a sq ft or less to see your home sell.

 

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%)live in a single family home, and the median

value is  $220,00.  Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290.  Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

 

 

 

Tamarron Estates Market Report August 2008

Forest Hills Market Report Sept 2008

Tamarron Estates Market Report Oct 2008

Ada Cascade Market Report Nov 2008

 

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly.

Grand Rapids -Ada Real Estate  Copyright 2008 All rights reserved

Photo of Leslie Tassell Park by Bonnie Westbrook