Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2010

Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2010

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.

Ada bike trl Ada Elem

Adatowne Residential Neighborhood in Ada, Michigan

Jan- December 2010 Real Estate Market Report

 

4  Sold, 0 Pending, 1 For Sale

Adatowne Active Listings: 1

Adatowne Pending: 0

Adatowne Sold Listings: 4

Average Sold Price – $ 129,732

Average sold price/SqFt – $92.46

Average Sold days on market –205

Absorption Rate = 3 months

MARKET SYNOPSIS: With only one listing currently, it looks

like not much inventory to choose from in this popular

neighborhood.  Price per square foot has went up for sold

homes this year, though average sold price went down by 3%.  

With home buyers still in the driver’s seat, price and condition

continue to tell the “sold” story.

 

SEARCH FOREST HILLS HOMES

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 2011 All rights reserved

Photo of Ada MI Walking Trail 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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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