Forest Hills Michigan Real Estate Market Report Jan – July 2015

by Terry Bonnie Westbrook

 

Forest Hills is a public school district in Ada–Cascade Michigan.

This local real estate market is always active. A Grand Rapids suburban

community that has wonderful neighborhoods, some new, some older.

It boasts Top Ranked Forest Hills Public Schools, private schools, and

a suburban life style that attracts many home owners.

 

 

 

2015 Real Estate Market Activity January – July

 

Active Listings = 254

From $ 66,500 to $ 2,600,000

Median List Price: $ 399,900

 

Sold Homes = 546

Median Sold price – $319,900

 

Forest Hills home prices are on the rise, as are the 

number of sales for 2015 compared to the last 6 months

of 2014, with a 16% rise in sold homes.  Especially in the

lower price ranges, finding a good house to buy under

$300,000 is getting difficult, under $100,00 is almost

impossible.  Be prepared for competitive bidding if

you are a lower price bracket home hunter.  Or be ready

for extensive home remodeling and updates.

The inventory of older homes far outweighs new

construction, only 33 of the 254 homes available

in Forest Hills are new homes.

 

If your home needs updates or repairs, do not expect 

competitive bidding, unless bargain priced.  The home will eventually

sell, but not at the full market price it would get if updates were

already done.   For many home sellers, this is not an option,

so home bargains are out there. Be prepared,  not only will you

be putting in sweat equity, but they may not be financeable

through all lenders.

 

Call Terry if you are interested in buying or selling a Forest Hills home.

He has over 40 years of experience in selling and buying West Michigan

and Forest Hills homes.  If you are a seller, he can provide valued advice

on what to update and what not to update to get your home sold quickly.

 

SEARCH FOREST HILLS HOMES

 

Additional Forest Hills Articles:

Forest Hills Real Estate Market Reports

Forest Hills District Ranks Top in State

Forest Hills District Posts MEAP Scores

 

If you would like specific information about an Ada, Cascade or

Forest Hills MI Home, please contact me directly.

Copyright 2015 All rights reserved

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