Forest Hills Michigan Real Estate Market Report 2013 Year in Review

Forest Hills Michigan Real Estate Market Report  2013 Year in Review

by Terry & Bonnie Westbrook

Forest Hills is a school district in Ada–Cascade Michigan

real estate market that is always active. This Grand Rapids suburban

community has wonderful neighborhoods, some new and some older

with Top Ranked Forest Hills Public Schools, private schools, and

a life style that attracts many home owners.

2013 Real Estate Market Activity

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Under $250,000 Homes:

Current Listings = 75

 Pending Home Sales = 37

Sold Homes = 417

Average Sold price – $169,791   

 

$ 250,001 and Up  Homes:

Current Active Listings = 118

Pending Sold Homes =27

 Sold Homes = 450

Average Sold Price = $ 432,992

 

Average home prices have increased in the upper category

and decreased slightly in the lower category.  Home inventory is also

low.  Compared to 6 months ago, less homes are listed and the rock

bottom prices of a few years ago are disappearing.

 

The average selling price/square foot for under $250K

is $ 111.00;  $ 159.00 for over $ 250K category homes in Forest Hills.

Home inventory is moving a little faster in the higher bracket.

Distressed sales were fewer this year, about 46 homes under $100k

were sold.

 

Good news for Forest Hills home sellers, though prices are rising,

interest rates are still low for buyers.  If you have been waiting for prices to

get back on the upswing, now is the right time to get your home on the market.

 

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

He has over 40 years of successful selling and buying West Michigan

and Forest Hills homes.

 

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 2014  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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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