Watermark Residences Forest Hills MI ~ April 2009 Real Estate Market Report

The Residences at Watermark are located on Watermark

Golf Course just south of Cascade Road in Forest Hills School

District. Yes, I play Watermark golf course every chance

I get. Watermark is a premier course with a friendly group

of players, an excellent grounds staff and a great pro shop

staff, as well.

Watermark single family homes and condos are quality built

custom homes, which make this area a very attractive place to

live. Access off both Cascade Road and Spaulding Drive, you

are close to the airport, 28th Street shopping, I96 expressway

and close to Cascade, Ada, & Forest Hills schools and shopping

areas.

Watermark Residences

April 2009 Real Estate Market Report

For Sale: 8

8 active Watermark Homes currently on the market.

Average Current Active List Price is $ 745,763

Average current price per sq ft is $ 251.25

Average days on the market for active listings are 176

The high price is $ 2,700,000 and the low price is $ 179,800.

Sold: 3

There have been 3 Watermark Sold Homes since Sept 1, 2008

The average Watermark Sold Homes price is $ 461,667

The average Watermark Sold Homes price per sq ft is $184.39

The average days on the market for Watermark Sold Homes is 73.

Pending: 0

Expired: 12

At the current rate of sales, we have a 21.33 month Absorption Rate

at the Watermark Residences. This means that it will take 21.33

months for the current listed homes to sell based on the current

rate of sales. Prices are still falling slightly in this subdivision and

sales are very slow. A great time to buy here but if you don’t

have to sell, you would be better off waiting until the local real

estate market rebounds.

If you would like further information about Watermark Residences,

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

Westbrook Realty ~ Grand Rapids Ada Real Estate

photo of Watermark Residences Entrance by Bonnie Westbrook

Grand Rapids Real Estate