Grand Rapids Michigan Real Estate Market Report by School District Jan-Dec 2007-9

Grand Rapids Michigan Real Estate Market Report by School District Jan 2007-2009

Real Estate is always local. Grand Rapids is such a large metropolitan

area, the real estate market report for the whole area is not necessarily

indicative of  what is going on in your neighborhood.  It lets you know

how we are doing as a  whole, but it certainly doesn’t tell you what your

neighbor just got for his home or what the market prices are in your

neighborhood.

GR Children's museum

We have split the Grand Rapids area up by public school district,

to give a logical approach to this report. This is a macro neighborhood

report, not a micro report.  Bear in mind, these are average sold prices for

large areas, not specific neighborhoods.  But we hope it gives you a good idea

of where home prices are in your general area within the greater Grand Rapids

market.

Belding

2009 – $  55,110

2008 – $  71,758

2007 – $ 100,416

Byron Center

2009 – $ 160,220

2008 – $ 185,707

2007 – $ 200,766

Caledonia

2009 – $ 153,360

2008 – $ 163,983

2007 – $ 191,724

Cedar Springs

2009   $ 85,493

2008 – $ 99,170

2007 – $128,705

Comstock Park

2009 – $ 112,010

2008 – $114,348

2007 – $138,251

East Grand Rapids

2009-  $ 230,518

2008 – $ 224,625

2007 – $279,909

Forest Hills

2009 – $ 224,558

2008 – $ 272,793

2007 – $ 267,817

Godfrey-Lee

2009 – $ 33,834

2008 – $ 41,515

2007 – $ 71,748

Godwin Heights

2009 – $ 42,149

2008 – $ 53,574

2007 – $ 91,708

Grand Rapids

2009 – $ 58,936

2008 – $ 65,803

2007 – $ 99,233

Grandville

2009 – $ 135,538

2008 – $ 144,222

2007 – $ 162,095

Jenison

2009 – $ 123,639

2008 – $ 131,184

2007 – $ 139,372

Kellogsville

2009 – $ 57,135

2008 – $ 70,897

2007 – $ 93,322

Kenowa Hills

2009 – $ 116,917

2008 – $ 124,367

2007 – $ 151,869

Kentwood

2009 – $ 100,561

2008 – $ 114,940

2007 – $ 141,804

Lowell

2009 – $ 127,542

2008 – $ 135,123

2007 – $ 164,888

Northview

2009 – $ 116,275

2008 – $ 148,128

2007 – $ 160,557

Rockford

2009 – $ 157,624

2008 – $ 176,048

2007 – $ 198,416

Wyoming

2009 – $ 67,784

2008 – $ 82,756

2007 – $109,009

After doing this report, we can certainly see why Grand Rapids

is one of the TOP 5 best places in the country to buy a home

at a reasonable price.


photo of Grand Rapids Children’s Museum by Bonnie Westbrook

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report Jan–Dec 2009

Forest Hills Michigan Real Estate Market Report Jan-Dec 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills is actually a school district in Ada – Cascade MI. This market

is always active. These Grand Rapids suburban communities have

wonderful neighborhoods, some new and some older with Top Ranked

Forest Hills Public Schools, and private schools, such as Ada Christian

& St Roberts that attract  many home owners.

This report will cover the 2009 real estate market activity.

Forest Hills Eastern High school Ada Township MI

Forest Hills MI Listings $ 500,000+

Not much demand and lots of time on the market in the higher price

brackets of Forest Hills with a 24 month Absorption Rate, which

means it would take 24 months for the current inventory to sell.

Active Listings – 88

Average Price – $ 834,266

Pending – 1

Sold – 43

Average sold price: $ 684,349

Average Sold/Sq Ft: $198.52

Forest Hills MI Listings  $250,001 – 499,999

The absorption rate for Forest Hills MI is 9.3 months, which means if no

new listings come on the market, it will take 9.3 months to sell the existing

$250K-499K homes at the current rate of sale.  This rate is down significantly

from  mid summer rates, sold prices are still inching downward.  Inventory is

down slightly, but sales are holding fairly steady. We aren’t back to a normal

market time of 3-6 months yet, but we are heading in that direction.

Forest Hills MI Active Listings $250,000 – $499,999

Active Forest Hills Listings: 136

Average price of $358,876

Average price/square foot $160.53

Low price of $254,500

High price of $499,900.

Sold Forest Hills Listings: 152

Average sold price $334,883

Average Sold price/sq ft $ 137.17

Pending Listings: 23

Forest Hills Active Listings $50,000 – $250,000

The Absorption rate for Forest Hills homes in this price range is 5.47

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 5.47 months to sell all current inventory.

This is down from last month, but still within normal range.

Forest Hills Active Listings 145

Average Active  Price $182,930

Average Active Price/SqFt $113.75

Average Active Days on the Market  120

High Active Price $250,000

Low Active Price $54,900

Sold Forest Hills Listings 266

Average Sold Price  $ 167,044

Average Sold Price/sq ft $95.11

Average Sold Days on the Market 90 Days

High Sold Price  $250,000

Low Sold price is $50,100

Pending Sales 29

More Forest Hills Articles:

Forest Hills Real Estate Market Reports

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Caledonia Michigan Real Estate Market Report – Jan-Dec 2009

Caledonia Michigan Real Estate Market Report – Jan-Dec 2009

Absorption rate for Caledonia MI Market is  currently 7.16 months,

which means if no other homes come on the market, it will take

7.16 months for the current inventory to sell at the current

sales rate.  This stat is one third+ less than summer’s figure.

We are seeing a definite upturn in sales in Caledonia homes and

sell times may be returning to a “normal” range of 3-6 months.

snow covered fir trees

There are 123 current active listings, from $49,900 to

$1,100,000 in Caledonia MI.

The current average Caledonia home listed price is much higher

[about $293,852] than the average sold price [$136,037].

25 Pending Home Sales, and 52 Sold Homes since Jan 1, 2009.

The average sold price/Square foot is $ 84.61

Sold High $290,000   Sold Low – $34,000

There are 2 homes in million dollar + range listed, so this skews the

figures somewhat in the upper home price brackets.

The Caledonia market has been  busy this year; buyers  bought 8 homes

under $100K, the majority were between $100-200K.

Average sold price/square foot and average sold price overall lost

ground this year.  There are 14 homes listed under $100K, and  lots

of opportunities in the middle brackets to own a home in Caledonia.

With interest rates bound to rise, buying now could save you

thousands of dollars over the life of your mortgage.

More Caledonia Michigan Articles:

Caledonia Michigan Real Estate

Caledonia Michigan Video Tour

If you have any questions about Caledonia or Grand Rapids MI

homes, please contact me directly through my web site.

Copyright  2009 All rights Reserved

Photo of Snow Covered Fir Trees by Bonnie Westbrook

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Grand Rapids Michigan Holiday Traditions

Grand Rapids Michigan Holiday Traditions

Holiday traditions to celebrate the winter solstice are common

to every culture around the world.  The transition from the shortest,

darkest day in mid-winter to the longest day of light at the beginning

of summer are a common theme to our world.

Frederick Meijer Gardens & Sculpture Park in Grand Rapids

celebrates the light by showing the traditions of many countries

and cultures around the world.  Besides the forty one gorgeous

Christmas Trees that are decorated as they would be in their native

regions, they also display Kwanza, Jewish, and Buddhist traditional

decorations.  New this year is Tet Nguyen Dan, the Vietnamese

celebration of the lunar New Year; pronounced day wen don,

it literally means, “the first morning of the first day.”

Meijer Gardens is celebrating the completion of a $7.6 million

renovation and expansion that was awarded a silver level LEED

certificate in energy and environmental design.  The renovation

and expansion was centered around the cafe, visitor areas, office

and storage spaces.  The new cafe has a stunning Dale Chihuly

blown glass sculpture of colored glass flowers hanging from

the ceiling.

We have put together a few photos we took at the gardens

recently, so you can see some of the holiday decorations from

near and far. The gorgeous Christmas trees are all 12-15 feet tall

and loaded with beautiful ornaments.  This is just a sampling of the

Christmas Traditions displayed here:

[slideshow id=2594073385393193256&w=500&h=375]

Our Holiday Wishes for Peace & Goodwill to all of you!

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Grand Rapids Michigan – Centennial Park Condos Real Estate Market Report Jan-Dec 2009

Grand Rapids Michigan – Centennial Park Condos Real Estate Market Report Jan – Dec 2009

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the  Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

every level.  This community also has a clubhouse and restaurant for

members.

We have relocated several clients into this community and they find it a

wonderful place to live. Just minutes from 28th Street & Cascade shopping,

dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

golf bag, putter, hat and golf balls

Centennial Park Meadows Condos

Real Estate Market Report

Jan-Dec 2009

0 For Sale,  0 Pending,  11 SOLD

Centennial Condos Active Listings: 0

Centennial Condos Active Average Price $0

Centennial Condos Active average $/SqFt – $ 0

Centennial Condos Active average days on market – 0

Centennial Condos Sold Listings: 11

Centennial Condos Sold average price – $ 167,409

Centennial Condos Sold average $/SqFt – $ 99.48

Centennial Condos Sold average days on market – 131

The Absorption Rate for Centennial Park Condos is 0 months,

which means if no new listings come on the market, it will take

0 months for the existing condos to sell at the current rate

of sales.  This market is seeing sales and with no condos on the

market, it is difficult to say how long before they would sell, most likely

quickly, if priced correctly.

The average sold price is higher than it was this winter but

relatively stable this year.

More Cascade Michigan Real Estate Articles:


Cascade Michigan Real Estate

Cascade Michigan Events


If you would like information about Grand Rapids – Cascade MI Condos

or Grand Rapids – Cascade MI Homes, please contact me directly.

If you would like this report emailed to your inbox every month, please

contact us.

Copyright 2009  All rights reserved

photo of Golf Equipment by Bonnie Westbrook




_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan – Quail Crest Condo Real Estate Market Report Jan-Dec 2009

Forest Hills Michigan – Quail Crest Condo Real Estate Market Report Jan-Dec 2009


The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980’s and continued building

into the current phase.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance.

Forest Hills Public Schools are the school district,

Watermark Country Club, Forest Hills & 28th Street shopping are

a short distance away.   The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St.

Quail Crest Condos Entrance Cascade MI

Quail Crest Condominiums Real Estate  Market Report

Jan-Dec 2009

4 For Sale, 1 Pending, 10 Sold, 12 Expired

Quail Crest Condos Active Listings: 4

Quail Crest Condos Average Active Price – $237,450

Quail Crest Condos Average Active Price/SqFt – $ 169.90

Quail Crest Condos Average Active days on market 74

Quail Crest Condos Sold Listings: 10

Quail Crest Condos average sold price – $175,450

Quail Crest Condos average sold price/SqFt – $ 119.62

Quail Crest Condos average days on market – 157

The absorption rate for Quail Crest Condos is 3.6 months, which

means if no new listings come on the market, it will take 3.6 months

for the current inventory of homes to sell at the current rate of sales.

This is much lower than typical  for the Grand Rapids Market.  The average

sold price and the price per square foot has fallen since the spring market.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market.  That may be the route to take, if you can

play the role of landlord successfully.

Forest Hills MI Real Estate Market Reports

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly.  We can

also have these monthly market reports emailed to your

inbox, just contact us.


Copyright 2009  All rights reserved

photo of Quail Crest Entrance by Bonnie Westbrook

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Ada Michigan Neighborhood Real Estate Market Report – Adacroft Commons Jan-Dec 2009

Ada Michigan Neighborhood Real Estate Market Report -AdaCroft Commons  Jan-Dec 2009

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. The new 80 unit condo site – Villas of Ada and Stone Falls of Ada

– a 210 unit apartment complex, currently under construction here.

Both of these new developments are quite close to Adacroft Commons.

Adacroft Commons Real Estate

Jan-Dec  2009 Market Report

2 Sold, 4 For Sale, 1 Expired, 1 Pending

Adacroft Commons Entrance Ada MI 49301

Adacroft Commons Active Listings: 4

Adacroft Commons Active Price – $174,200

Adacroft Commons Active Price/SqFt – $120.46

Adacroft Commons Active Days on Market -61

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 187,00

Adacroft Commons average sold price/SqFt – $95.99

Adacroft Commons average sold days on market –13

Adacroft Commons Pending Listings: 1

Adacroft Commons Expired Listings: 1

There are 4 current homes for sale in Adacroft Commons neighborhood

listed on the local MLS board.  This is a desirable area to live, with its

close proximity to Forest Hills Schools & Ada Christian School.

Market Synopsis: Adacroft Commons Homes are selling for under $100/SqFt.

This neighborhood Absorption Rate is 16 Months, sales activity has slowed

considerably.  Homes that are in great condition and priced appropriately

have the best chance of selling in this buyer’s market.

Forest Hills Michigan Real Estate Market Reports

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly.

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Copyright 2009 All rights reserved

Adacroft Commons Entrance Photo by Bonnie Westbrook

_____________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services,

numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates Jan-Dec 2009

Cascade Township Michigan Neighborhood Real Estate Market Report  Tamarron Estates Jan-Dec 2009


Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

Leslie E Tassell Park Cascade MI

Tamarron Residential Real Estate

Jan-Dec 2009 Market Report

2 Sold,  3 For Sale, 13 Expired

Tamarron Active Listings: 3

Tamarron Average Active Price – $ 346,600

Tamarron Average Active Price/SqFt – $ 98.06

Tamarron Average Active Days on Market – 68

Tamarron  SOLD Listings: 2

Tamarron Average Sold Price $ 202,000

Tamarron Average Sold Price/SqFt – $ 79.07

Tamarron Average Sold Days on Market – 66

Tamarron Expired Listings: 13

Tamarron Average Expired Price – $ 472,638

Tamarron Average Expired Price/SqFt – $ 142.86

Tamarron Average Expired Days on Market – 143

At the current selling rate, we have a 18.7 month supply of homes

on the market in Tamarron Estates in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $100.00 a sq ft. This is a substantial price reduction for

this area.  As you  can see, the expired sellers think their homes

will sell at $ 130-150/sq ft.  The two homes that have sold since

January might be distressed sales or foreclosed homes. List prices

have been reduced but not to a realistic price for buyers, as

evidenced by the 13 homes that expired.

The Absorption rate of 18.7 months is high for the Forest Hills area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be around $100 a sq ft and

in good condition to see your home sold successfully.

Additional Forest Hills Neighborhood Articles:

Forest Hills Michigan Real Estate Market Reports


If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly:  terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Photo of Leslie Tassell Park by Bonnie Westbrook

____________________________________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report Hidden Hills Jan-Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report Hidden Hills Jan-Dec 2009

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids.

Home construction started here in the 1960’s housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban sub-

division area has been a desirable  place to live in the Grand Rapids home

market for many years.

Tassell Pak Path 3

Hidden Hills, Cascade Township

Neighborhood Real Estate Market Report

January-December 2009

4 For Sale, 15 Sold, 0 Pending, 9 Expired

Hidden Hills Active Listings 4

Hidden Hills Average Active Price: $ 429,975

Hidden Hills Average Active Price Per Sq Ft: $ 146.63

Hidden Hills Active Average Days on Market: 148

Hidden Hills Sold Homes 15

Hidden Hills Average SOLD Price: $ 210,367

Hidden Hills Average SOLD Price Per Sq Ft: $ 98.06

Hidden Hills Average SOLD Days on the Market: 102

Hidden Hills Pending Homes: 0

Hidden Hills Expired Homes: 9

Hidden Hills Average Expired Price: $ 288,922

Hidden Hills Average Expired Price Per Sq Ft: $119.70

Hidden Hills Average Expired Days on the Market: 162

The current absorption rate is  3.2 months, which means we have

a 3.2 month supply of homes in the Hidden Hills market, IF no new

homes enter the market and homes sell at the current rate.

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

bounced back somewhat from this spring’s lows of under $90 a square

foot, but the average sold price is still declining.  Time on the market

has increased slightly and 15 homes have  sold since the first of the

year.

Prices are about 30% below market highs of a few years ago but this

is still  a popular place to live in the the Forest Hills School District.

The financial experts tell us that it will be between 2013 and 2023

before they expect these market highs to return.

Forest Hills School District Average Sold Home Prices last 5 years:

2008 – $ 279,709

2007 – $ 269,445

2006 – $ 300,691

2005 – $ 282,173

2004 – $ 268,072

Additional Forest Hills Neighborhood Reports:

Forest Hills Michigan Real Estate

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Grand Rapids Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park by Bonnie Westbrook

____________________________________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Cascade Michigan Neighborhood Real Estate Market Report Caravelle Village Jan-Dec 2009

Cascade Michigan Neighborhood Real Estate Market Report Caravelle Village Jan- Dec 2009

Caravelle Village is an established subdivision built in the late 1960’s

and 1970’s just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township.  These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches.  A desirable

place to live with median priced homes, Forest Hills Public Schools, and

close to 28th shopping and restaurants. Originally built by a variety of

builders, the homes here are quality construction in a safe neighborhood

and close to the historic village of Cascade and Gerald Ford International

Airport.

Leslie E Tassell Park

Caravelle Village Residential Real Estate

Jan-Dec 2009 Market Report


4 For Sale, 3 SOLD, 0 Pending, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 192,325

Caravelle Village Average Active Price/Sq Ft – $ 123.52

Caravelle Village Average Days on the Market – 239

Caravelle Village SOLD Listings: 3

Caravelle Village Average Sold Price – $ 176,000

Caravelle Village Average Sold price/SqFt – $ 111.30

Caravelle Village Average Sold Days on the Market – 74

Caravelle Village Pending Listings: 0

Caravelle Village Expired Listings: 4

At the current rate of sales, we have a 16 month supply of homes in

Caravelle Village, if no new homes come on the market.

MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since

January of this year.  The average listed price has risen by $20K since

summer, but buyers are still reluctant to purchase.

This has been a popular area for home buyers, but your home must be

in top notch condition and priced to sell in today’s market.  Note the difference

between average list price/sq ft and average sold price/sq ft above, this tells

the whole story.

Additional Forest Hills Michigan Articles:

Forest Hills Michigan Neighborhood Real Estate Market

Copyright 2009  All rights reserved

photo of Tassell Park at the Thornapple River by Bonnie Westbrook

____________________________________________________________________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM