Forest Hills Michigan Neighborhood Real Estate Market Report Ada Woods Jan–Dec 2010

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

Ada Woods is an established development of homes in Ada, Michigan,

just west of Ada and south of Fulton Street (M46).  Ada Woods started

out as an E.L. Ladd development, but towards the end of the project

many lots were sold to other builders and completed by individual owners.

The dates of building range from 1980’s to 2005.  Most of the homes

have more square footage and more amenities than Adacroft Commons,

its  adjacent neighborhood.  As with Adacroft Commons, there is designated

common land in the development that remains heavily wooded and in a

natural state.  This development is in the Forest Hills School System and

close to several private schools.   

old coachhouse in Ada MI

  Ada Woods Real Estate  Absorption Report Jan-Dec 2010

 Active Listings: 2

Average Active Price – $ 282,450

Average Active Price/SqFt – $145.58

Average Days on Market – 133

Pending Sales: 1

SOLD Listings: 10

 Average Sold Price -$ 274,577

High:  $380,000    Low: $ 170,000

Average Sold Price/SqFt – $119.40

Average Sold Days on Market – 118

Absorption Rate = 2.2 months

MARKET SYNOPSIS: The average sold price is still going down,

about 10% from 2009 prices, though there was lots of activity

here last year.   Still a Buyers’ Market, so price accordingly if

you want to see your Ada Woods home sold.

 

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If you have any questions about Grand Rapids or Ada Homes,

please contact me directly.

 Copyright 2011  All Rights Reserved  photo 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.

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