Forest Hills MI Real Estate Market Report March – May 2016

Forest Hills Michigan Real Estate Market Report

March – May 2016

Forest Hills home

by Terry and Bonnie Westbrook

2016 Real Estate Market Activity Forest Hills

March 1, 2016 – May 31, 2016

 REDO

Active Listings = 199      From $ 99,900 to $ 2,450,000

Pending Listings – 131

Sold Homes = 206       From $50,000 to $1,450,000

 

Forest Hills homes are selling quickly, 

but the quantity of new homes entering the

market is way below our normal.

For the past quarter, we have 337 homes sold

and only 199 listings.  Sold homes are half the

total of six months ago.

 

 

Finding a Forest Hills home under $250,00

with updates is getting very difficult, under $100K

is almost impossible, very slim pickings and you

can bet condition is a key factor.  Be ready for

major remodeling projects, which prices a large

portion of  buyers out of the competition.

 

 

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

A Greater Grand Rapids suburban community that has wonderful neighborhoods,

some new, most are older.  It boasts Top Ranked Forest Hills Public Schools,

private schools, and a suburban life style that attracts many home owners.

 

Call Terry about buying or selling a Forest Hills home.

If you are a seller, he can provide valued advice on what

updates pay off and which don’t.   616-292-7263

 

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 2016 All rights reserved

_____________________________________________________________________________

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!

Forest Hills MI Neighborhood Real Estate Report Hidden Hills Neighborhood Jan – May 2016

Forest Hills MI Neighborhood Real Estate Report Hidden Hills Jan – May  2016

 

By Terry and Bonnie Westbrook

 

Back Deck

A place to unwind at the end of the day

Quick Snapshot of Hidden Hills Real Estate Activity

Jan 1 through May 31, 2016

 

Active Listings – 1

Pending Sales – 2

Sold Properties – 4

Average Sold Price – $ 284,250

 

The Hidden Hills real estate market has had

 

a fairly busy year so far.  Two pending sales and four

closed sales, with the average sold price rising by over

20% from the same time frame last year.

One of these homes was flipped rather quickly and more

than doubled in price.  This sold price would be at the peak

of home prices in Hidden Hills and would not be the case

for homes that haven’t been completed remodeled.

This also clearly demonstrates that today’s buyers want

an updated home and are willing to pay for it.

 

If you are considering selling a Hidden Hills home,

please contact  Terry for a market analysis or a list of

recent home sales.  Call 616-292-7263

or email:  terry@terrywestbrook.com

 

SEARCH FOR FOREST HILLS HOMES

Forest Hills Michigan Real Estate Articles

____________________________________________

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!

 

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

All Rights Reserved Copyright 2015