Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2009
Adatowne is a popular entry level home market in the Ada area of
the Greater Grand Rapids metropolitan area.
Part of the appeal is the proximity of Ada Elementary, Forest Hills
Central Middle and High Schools, Ada Christian Schools, St Roberts
School and being close to the village of Ada. Adatowne is an
established subdivision, started in the early 1970’s by E.L. Ladd
Builders of Ada.
I have held many open houses in these plats and sold many of
the homes as new construction – to be built.
If you doubt the power of your home as an investment, a basic
ranch in Adatowne (about 1000 sq ft) sold for $ 19,900 in 1975.
Adatowne Residential Neighborhood in Ada, Michigan
Jan- December 2009 Real Estate Market Report
7 Sold, 0 Pending, 2 For Sale, 3 Expired
Adatowne Active Listings: 2
Adatowne Average Active price – $132,450
Adatowne Active average price/SqFt – $87.71
Adatowne Active average days on market – 111
Adatowne Pending: 0
Adatowne Sold Listings: 7
Adatowne Average Sold Price – $ 134,400
Adatowne Average sold price/SqFt – $90.01
Adatowne Average Sold days on market –100
MARKET SYNOPSIS: Absorption Rate for Adatowne is 3.44 months,
which means it would take 3.44 months for the active listings to sell,
if no other homes entered the market, according to current sales
statistics. Price per square foot has went up for both sold
and active listings this year, though average sold price went down
by $30K. The market here was all over for price, topping at $133/SqFt
to a bargain $55 a sq ft. The larger homes brought the best price
per sq ft for sellers. Condition continues to be the difference
between getting the best price and selling at rock bottom.
Additional Ada Michigan Articles:
Ada Michigan Real Estate Reports
If you would like more information about Ada or Grand Rapids
Homes, please feel free to contact me directly.
Grand Rapids Ada MI Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
Photo of Ada MI 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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263