Catamount properties are in the rolling hills adjacent to the

Grand River in the northern section of Ada Township in a gated

community with privacy and wooded acreage.  Executive style

homes with lots of room for entertaining and all the custom extras

that make a home luxurious are the norm here.  If you  are

searching for a prestigious address, this could be what you are

looking for, as it is one of the most affluent neighborhoods in the

Grand Rapids area.  As a bonus, this cute little guy will be one

of your new neighbors.

 

                   Catamount Market Report February 2009

                              6 For Sale,  4 Sold, 5 Expired, 1 Pending

Catamount Active Listings: 6

Catamount average active price – $799,296

Catamount average active price /SqFt – $ 221.41

Catamount average days on market – 222

 

Catamount SOLD Listings: 4

Catamount average sold price – $ 676,250

Catamount average sold price/SqFt – $ 224.03

Catamount average sold days on market – 71

 

The Absorption Rate for Ada Moorings Homes is 21 months, which means if

no new listings come on the market it will take 21 months for the existing

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

in 2008 and into the 2009.  The average list price is $125,000 over current

selling price.  Only 4 homes sold in the last 14 months, which means buyers

are scarce in this segment of the market.

 

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

Grand Rapids Home, please contact me directly at:

1-888-240-1988 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

Copyright 2009  All rights reserved

photo of the Grand River in Ada  by Bonnie Westbrook