Grand Rapids MI Real Estate Market Report

Cascade Neighborhood Absorption Report

Caravelle Village is an established subdivision built in the late 1960’s

and 1970’s just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township. These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches. A desirable

place to live with median priced homes, Forest Hills Schools, and close to

28th shopping and restaurants. Originally built by a variety of builders, the

homes here are quality construction in a safe neighborhood and close to

the historic village of Cascade and 28th Street shopping.

town hall gardens cascade mi

Caravelle Village Residential Real Estate

January 2009 Market Report

4 For Sale, 7 SOLD, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 188,675

Caravelle Village Average Active Price/Sq Ft – $ 131.17

Caravelle Village Average Days on the Market – 141

Caravelle Village SOLD Listings: 7

Caravelle Village Average Sold Price – $ 183,071

Caravelle Village Average Sold price/SqFt – $ 128.21

Caravelle Village Average Sold Days on the Market – 62

Caravelle Village Expired Listings: 4

Caravelle Village Average Expired Price – $191,125

Caravelle Village Average Expired Price/SqFt – $124.08

Caravelle Village Average Expired Days on the market – 124

At the current rate of sales, we have a 6.4 month supply of homes in

Caravelle Village, if no new homes come on the market.

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year. The average listed price has remained constant,

but buyers are reluctant.

This is a popular area for home buyers, but your home must be in top

notch condition and priced to sell in today’s market.

photo of Cascade Town Hall Gardens by Bonnie Westbrook