Grand Rapids Michigan – Quail Crest Condo Real Estate Market Report – April 2010
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 Condominiums Real Estate Market Report
Jan-April 2010
6 For Sale, 0 Pending, 1 Sold, 3 Expired
Quail Crest Condos Active Listings: 6
Quail Crest Condos Average Active Price – $273,300
Quail Crest Condos Average Active Price/SqFt – $ 170.06
Quail Crest Condos Average Active days on market – 82
Quail Crest Condos Sold Listings: 1
Quail Crest Condos average sold price – $132,900
Quail Crest Condos average sold price/SqFt – $ 106.92
Quail Crest Condos average days on market – 83
The absorption rate for Quail Crest Condos is 18 months, which
means if no new listings come on the market, it will take 18 months
for the current inventory of homes to sell at the current rate of sales.
This is high for the Grand Rapids Market. The average sold price
and the price per square foot for the one home that sold is much
lower than last year’s sold price average of $ 175,000.
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.
Additional Forest Hills Real Estate Articles:
Forest Hills MI Real Estate Market Report
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.
photo of Quail Crest Entrance 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