Grand Rapids MI Absorption Report ~ Adacroft Commons ~ Jan 2009

The Ada area growth trends remain strong. Ada Township planner,Jim Ferro states that the Ada population has grown by 20% since2000. There is a new proposed 80 unit condo site – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyunder construction here. Both of these new developments are quiteclose to Adacroft Commons.                   Adacroft Commons Real Estate                    January  2009 Market Report

            9 Sold, 0 For Sale, 10 Expired

Adacroft Commons Entrance Ada MI 49301Adacroft Commons Active Listings: 0Adacroft Commons Active Price – $Adacroft Commons Active Price/SqFt – $Adacroft Commons Active Days on Market – Adacroft Commons SOLD Listings: 9Adacroft Commons average sold price – $ 165,222Adacroft Commons average sold price/SqFt – $97.49Adacroft Commons average sold days on market -78 Adacroft Commons Expired Listings: 10Adacroft Commons average expired price – $ 186,410Adacroft Commons average expired price/SqFt – $ 134.36Adacroft Commons average days on market – 110 There are no current homes for sale in Adacroft Commonslisted on the local MLS board.  This is an extremely desirable areato live, with its close proximity to Forest Hills Central Middle &High Schools.  In the above stats you can see the $20,000disconnect between sellers and buyers, or $36 /SqFt. on themain floor.  If you would like to sell in this market, you have tobe priced at the current market price, not 2004 prices, IF you wantto sell your home.   Forest Hills MI Market Report Dec 2008 Adacroft commonsAdacroft Commons Market Report Oct 2008Adacroft Commons Market Report Aug 2008 If you have detailed questions or just need general informationabout Grand Rapids or Ada Homes, please contact me directly. If you would like to receive these monthly reports in your inbox,please contact us or subscribe to our RSS feed. Grand Rapids Ada MI Real Estate – Five Star Real EstateCopyright 2009 All rights reservedAdacroft Commons Entrance Photo by Bonnie Westbrook

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