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.
Catamount Market Report May 2009
4 For Sale, 2 Sold, 4 Expired, 2 Pending
Catamount Active Listings: 4
Catamount average active price – $800,725
Catamount average active price /SqFt – $ 227.03
Catamount average days on market – 290
Catamount SOLD Listings: 2
Catamount average sold price – $ 466,000
Catamount average sold price/SqFt – $ 160.03
Catamount average sold days on market – 32
Catamount Pending Listings: 2
The Absorption Rate for Catamount Homes is 5 months, which means if
no new listings come on the market it will take 5 months for the existing
homes to sell at the current rate of sales. The average sold price dropped
in 2008 and into 2009. The average list price is $300,000 over current
selling price. Only 4 homes sold in the last 5 months, which means buyers
are scarce in this segment of the market. The foreclosure nightmare has
found this neighborhood, as well as more modest homes. These sales
reflect the bank repossessed home sales, which are distressed, even in
this market price range. No area of the real estate market has been
spared this price degradation and it affects the average selling price.
Forest Hills Michigan Top Best Buy Homes May 2009
Forest Hills Michigan ~ Public School Update May 2009
Forest Hills Michigan Absorption Report ~ May 2009
Forest Hills Michigan Absorption Report ~ April 2009
If you would like further information about the value of an Ada or
Grand Rapids Home, please contact me directly at:
1-888-240-1988 ext 0 or email: terry@terrywestbrook.com
Grand Rapids MI Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
photo of the Grand River in Ada by Bonnie Westbrook
How is the job outlook in Ada? Other than Quixstar, are there many opprotunities to relocate to the area?
Even though Michigan is going through tough times in the job market, West Michigan is actually growing. Grand Rapids is proactive on the job front, there are extensive medical research & medical school facilities being constructed downtown on our Medical Mile which is attracting top talent. Our local colleges and universities are also a draw for white collar jobs.