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

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 Jan-Dec 2009

4 For Sale, 5 Sold, 8 Expired

Catamount Active Listings: 4

Catamount average active price – $712,425

Catamount average active price /SqFt – $ 200.72

Catamount average days on market – 75

Catamount SOLD Listings: 5

Catamount average sold price – $ 592,350

Catamount average sold price/SqFt – $ 207.54

Catamount average sold days on market – 142

Catamount Pending Listings: 0

The Absorption Rate for Catamount Homes is 10 months, which means if no new listings

come on the market it will take10 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 $100K higher

than current selling price. 5 homes sold in the last 12 months, with 4 homes for sale in this

neighborhood. Prices have eroded from 3-4 years ago as is typical all over the area.

Foreclosure and short sale homes have likely affected the average price. Homes on the upper

end of the market are slow to sell in the current economy, as the 5 sold and 8 expired homes

for this Ada neighborhood shows.

Additional Ada & Forest Hills Articles:

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

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