Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Ada Moorings is located off Grand River Drive, just east of Ada and

close to Ada Township Park. A recent development by Eastbrook

Builders, these homes are in Forest Hills Public School

District. Close to the village of Ada and not far from the village of

Cascade,this subdivision is near 28th Street shopping, the Thornapple

and the Grand Rivers.

Grand River Ada Michigan

Ada Moorings Market Report February 2009

3 For Sale, 9 Sold, 4 Expired

Ada Moorings Active Listings: 3

Ada Moorings average active price – $225,967

Ada Moorings average active price /SqFt – $ 121.78

Ada Moorings average days on market – 162

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,211

Ada Moorings average sold price/SqFt – $ 125.24

Ada Moorings average sold days on market – 91

The Absorption Rate for Ada Moorings Homes is 3.3 months, which means if

no new listings come on the market it will take 3.3 months for the existing

homes to sell at the current rate of sales. The average list price has dropped

$20,000 in the last quarter of 2008 and into the 2009, which means sellers

are closer to the actual market price. The average sale price has stayed the

same. The market is good in Ada Moorings, 3.3 months is a great absorption

rate for the Grand Rapids Area.

If you would like further information about the value of your Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1968 ext 0

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Ada Park Entrance in Ada by Bonnie Westbrook

Grand Rapids Real Estate