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.
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
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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