Ada Michigan Neighborhood Real Estate Report Catamount 2011

Ada Michigan Neighborhood Real Estate Report Catamount  2011

Quick Snapshot of Catamount Real Estate Activity

                 January 1 through December 31, 2011

mapleinfallGrandriverDr thumb Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011

Active Listings – 2            $675,00 to $1,650,000

Pending Sales – 0

Sold Properties – 7

Average Sold Price – $ 606,271

If you would like information about a Catamount home,

please contact Terry at 616-292-7263.

 

SEARCH FOR FOREST HILLS HOMES

Ada Michigan Photos

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!

ar125812212017642 Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011 ar125812218972939 Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011 ar125812225271331 Ada Michigan Neighborhood Real Estate Report Catamount Sept 2011

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Ada Michigan Neighborhood Real Estate Report Adatowne 2011

Ada Michigan Neighborhood Real Estate Report  Adatowne  2011

Quick Snapshot of Adatowne Real Estate Activity

                 January 1 through December 31, 2011

AdabiketrlupAdaDrAdaelem thumb Ada Michigan Neighborhood Real Estate Report Adatowne Sept 2011

Active Listings – 1             $ 158,000

Pending Sales – 1

Sold Properties – 3          

Avg Sold Price = $ 133,000

If you would like information about an Adatowne home,

please contact Terry at 616-292-7263.

 

SEARCH FOR FOREST HILLS HOMES

Ada Michigan Photos

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!

ar125812212017642 Ada Michigan Neighborhood Real Estate Report Adatowne Sept 2011 ar125812218972939 Ada Michigan Neighborhood Real Estate Report Adatowne Sept 2011 ar125812225271331 Ada Michigan Neighborhood Real Estate Report Adatowne Sept 2011

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Top Best Buy Homes May 2011

Forest Hills Michigan Top Best Buy Homes May 2011

Forest Hills Michigan Top Best Buy Forest Hills Homes

(Ada-Cascade) to buy, based on price per square foot.

Price per square foot is a great leveler, if two homes are

priced similarly they should be very comparable in amenities.

These homes might need major repair work done, such

as new kitchens and baths, roofs, new plumbing, electrical &

other major mechanicals.  They may have dated decor,  an

odd floor plan, or additions/add-ons that are not what most

people are looking for.

CentralwoodlandsEntrance thumb Forest Hills Michigan Top Best Buy Homes April 2011

This list could include properties in Ada Township, Cascade

Township, Grand Rapids Township, Lowell Township, and the

city of Kentwood.

Please note: This list can change daily as some homes sell,

prices are adjusted and other homes come on the market.

The Top Forest Hills Homes to Buy by Price per Square Foot:

3593 Goodwood           $64,000          1216 Sq Ft   $52.63/SqFt

4485 Whitneyville       $75,000          1312 Sq Ft   $57.13/SqFt

2212 Elmer Dr               $84,900          960 Sq Ft     $88.44/SqFt

2676 Deli Ct. NE            $86,000        1092 Sq Ft    $78.75/SqFt

2114 Elmer Dr NE         $89,900         1418 Sq Ft   $63.40/SqFt

1739 Leffingwell           $96,000         1753 Sq Ft   $54.76/SqFt

3435 Dean Lake           $105,000       1311 Sq Ft   $80.09/SqFt

7359 Cascade Rd         $ 109,900      1280 Sq Ft   $85.86/SqFt

2456 San Marie Dr        $109,900       1748 Sq Ft   $62.87/SqFt

1127 Eastmont            $119,000       1436 Sq Ft   $82.87/SqFt

2056 Burton Knoll Ct   $138,900       1944 Sq Ft   $71.45/SqFt

3044 Jeanlin Dr            $144,900       1628 Sq Ft    $89.00/SqFt

1043 Farnsworth         $147,900       1680 Sq Ft   $88.04/SqFt

4191 Bradford              $150,000      1816 Sq Ft   $82.60/SqFt

434 Adaway Dr             $159,900      2000 Sq Ft   $79.95/SqFt

3451 Cascade Rd         $160,000     2500 Sq Ft   $64.00/SqFt

7213 Bronson St          $160,000      1792 Sq Ft   $89.29/SqFt

4116 Burton St             $170,000      2682 Sq Ft   $63.39/SqFt

2150 Forest Hills Ave   $176,900    2144 Sq Ft   $82.51/SqFt

614 Prestwick Ave       $195,000     4700 Sq Ft   $41.49/SqFt

780 Greenbriar             $199,900     3400 Sq Ft   $58.79/SqFt

522 Edgeworth Dr        $199,900    2708 Sq Ft    $87.68/SqFt

2324 Beatrice Dr NE     $225,000   2690 Sq Ft    $83.64/SqFt

7382 Treeline Dr SE       $239,900   3800 Sq Ft    $63.13/SqFt

4324 Heather Ln            $239,900   2704 Sq Ft    $88.72/SqFt

8275 Bailey Dr SE          $249,900   3192 Sq Ft    $78.29/SqFt

955 Honeycreek Ave    $289,900    3828 Sq Ft   $75.73/SqFt

Spring buying season is here in Forest Hills, 40 sold homes

and 96 pending sales last month.

 

Pricing seems to have stabilized in Forest Hills School District.

If you are willing to do repairs and update a home, there are still some

good buys at historically low interest rates, though rates and mortgage

requirements are rising.  The homes in the most up-to-date condition

sell the fastest, as most buyers do not want to do repairs or updates.

 

WARNING: Some of these homes may be bank owned foreclosures,

short sales and not habitable as is or available for a mortgage

in present condition.

Search For Forest Hills Homes

Search Short Sale & Bank Owned Forest Hills Homes

More Forest Hills Michigan Real Estate Articles

 

If you would like to see a Forest Hills Home, please contact

us at 1-888-240-1968 ext 0 or email us at:

terry@terrywestbrook.com

___________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Top Best Buy Homes April 2011 ar125812218972939 Forest Hills Michigan Top Best Buy Homes April 2011 ar125812225271331 Forest Hills Michigan Top Best Buy Homes April 2011

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

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!

ar125812212017642 Forest Hills Michigan Neighborhood Real Estate Market Report – Adatowne – Jan Dec 2009 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Adatowne – Jan Dec 2009 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Adatowne – Jan Dec 2009

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Report –Clements Mill Nov 2010

Forest Hills Michigan Neighborhood Real Estate Report Clements Mill Nov 2010

Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. The average home in Clements Mill is a 4 bedroom, though 3 and

5 bedroom homes are also available.  Besides being newer and larger,

most of the appeal is the  proximity of Forest Hills Central Middle &

High Schools, Forest Hills Woodlands 5/6 School, St Roberts & Ada

Christian Schools, and Ada Elementary School, which are all a short

distance away, and all part  of the Forest Hills Schools system, an

award winning school district.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills. This subdivision continues

to be a desired location for local residents to live.

Ada Fall burning bushes

Clements Mill Market Report   June – Nov 2010

7  Sold,  3 Pending, 4 For Sale

Clements Mill Active Listings: 5

Average Active Price: $268,675

Average Active Price/SqFt: $111.94

Average Active Days on Market: 110

Clements Mill Sold Listings: 7

Average Sold Price: $245,625

Average Sold Price/SqFt: $116.57

Average Days on Market: 81

Absorption Rate for Clements Mill homes is averaging

3.4 months, which is a low rate for the Grand Rapids area,

showing the desirability of Clements Mill homes.

Average list price is higher that average sold price,

which means that prices are still not stabilized in the market.

The average home in Clements Mill is a 4 bedroom, though 3 and

5 bedroom homes are also available.

Additional Forest Hills Articles:

Forest Hills Schools Post Outstanding MEAP Scores

Forest Hills Michigan Blog Articles

Forest Hills Michigan Real Estate Reports 2010

Search for Forest Hills MI Homes


If you have  questions about Ada Homes, Forest Hills

Homes or  just need further information, please contact me

directly:  terry@terrywestbrook.com or call 1-616-292-7263

Map picture

Clements Mill Ada Michigan

_____________________________________________________________________________________________________

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!

ar125812212017642 Ada Michigan Neighborhood Real Estate Report – Clements Mill  April 2010 ar125812218972939 Ada Michigan Neighborhood Real Estate Report – Clements Mill  April 2010 ar125812225271331 Ada Michigan Neighborhood Real Estate Report – Clements Mill  April 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report Jan–Dec 2009

Forest Hills Michigan Real Estate Market Report Jan-Dec 2009

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills is actually a school district in Ada – Cascade MI. This market

is always active. These Grand Rapids suburban communities have

wonderful neighborhoods, some new and some older with Top Ranked

Forest Hills Public Schools, and private schools, such as Ada Christian

& St Roberts that attract  many home owners.

This report will cover the 2009 real estate market activity.

Forest Hills Eastern High school Ada Township MI

Forest Hills MI Listings $ 500,000+

Not much demand and lots of time on the market in the higher price

brackets of Forest Hills with a 24 month Absorption Rate, which

means it would take 24 months for the current inventory to sell.

Active Listings – 88

Average Price – $ 834,266

Pending – 1

Sold – 43

Average sold price: $ 684,349

Average Sold/Sq Ft: $198.52

Forest Hills MI Listings  $250,001 – 499,999

The absorption rate for Forest Hills MI is 9.3 months, which means if no

new listings come on the market, it will take 9.3 months to sell the existing

$250K-499K homes at the current rate of sale.  This rate is down significantly

from  mid summer rates, sold prices are still inching downward.  Inventory is

down slightly, but sales are holding fairly steady. We aren’t back to a normal

market time of 3-6 months yet, but we are heading in that direction.

Forest Hills MI Active Listings $250,000 – $499,999

Active Forest Hills Listings: 136

Average price of $358,876

Average price/square foot $160.53

Low price of $254,500

High price of $499,900.

Sold Forest Hills Listings: 152

Average sold price $334,883

Average Sold price/sq ft $ 137.17

Pending Listings: 23

Forest Hills Active Listings $50,000 – $250,000

The Absorption rate for Forest Hills homes in this price range is 5.47

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 5.47 months to sell all current inventory.

This is down from last month, but still within normal range.

Forest Hills Active Listings 145

Average Active  Price $182,930

Average Active Price/SqFt $113.75

Average Active Days on the Market  120

High Active Price $250,000

Low Active Price $54,900

Sold Forest Hills Listings 266

Average Sold Price  $ 167,044

Average Sold Price/sq ft $95.11

Average Sold Days on the Market 90 Days

High Sold Price  $250,000

Low Sold price is $50,100

Pending Sales 29

More Forest Hills Articles:

Forest Hills Real Estate Market Reports

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School 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!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Ada Michigan Neighborhood Real Estate Market Report – Adacroft Commons Jan-Dec 2009

Ada Michigan Neighborhood Real Estate Market Report -AdaCroft Commons  Jan-Dec 2009

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. The new 80 unit condo site – Villas of Ada and Stone Falls of Ada

– a 210 unit apartment complex, currently under construction here.

Both of these new developments are quite close to Adacroft Commons.

Adacroft Commons Real Estate

Jan-Dec  2009 Market Report

2 Sold, 4 For Sale, 1 Expired, 1 Pending

Adacroft Commons Entrance Ada MI 49301

Adacroft Commons Active Listings: 4

Adacroft Commons Active Price – $174,200

Adacroft Commons Active Price/SqFt – $120.46

Adacroft Commons Active Days on Market -61

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 187,00

Adacroft Commons average sold price/SqFt – $95.99

Adacroft Commons average sold days on market –13

Adacroft Commons Pending Listings: 1

Adacroft Commons Expired Listings: 1

There are 4 current homes for sale in Adacroft Commons neighborhood

listed on the local MLS board.  This is a desirable area to live, with its

close proximity to Forest Hills Schools & Ada Christian School.

Market Synopsis: Adacroft Commons Homes are selling for under $100/SqFt.

This neighborhood Absorption Rate is 16 Months, sales activity has slowed

considerably.  Homes that are in great condition and priced appropriately

have the best chance of selling in this buyer’s market.

Forest Hills Michigan Real Estate Market Reports

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly.

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Copyright 2009 All rights reserved

Adacroft Commons Entrance Photo 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!

ar125812212017642 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812218972939 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010 ar125812225271331 Forest Hills Adult Community Band Hosts Winter Concert Sunday Dec 12th 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report – Adatowne – Jan-Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report Adatowne Jan-Dec 2009

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 Drive Ada Michigan

Adatowne Residential Neighborhood in Ada, Michigan

Jan- December 2009 Real Estate Market Report

7  Sold, 0 Pending, 2 For Sale, 3 Expired

Adatowne Active Listings: 2

Adatowne Average Active price – $132,450

Adatowne Active average price/SqFt – $87.71

Adatowne Active average days on market – 111

Adatowne Pending: 0

Adatowne Sold Listings: 7

Adatowne Average Sold Price – $ 134,400

Adatowne Average sold price/SqFt – $90.01

Adatowne Average Sold days on market –100

MARKET SYNOPSIS: Absorption Rate for Adatowne is 3.44 months,

which means it would take 3.44 months for the active listings to sell,

if no other homes entered the market, according to current sales

statistics.    Price per square foot has went up for both sold

and active listings this year, though average sold price went down

by $30K.  The market here was all over for price, topping at $133/SqFt

to a bargain $55 a sq ft.  The larger  homes brought the best price

per sq ft for sellers.  Condition continues to be the difference

between getting the best price and selling at rock bottom.

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 2009 All rights reserved

Photo of Ada MI  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!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report Catamount Jan-Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report Catamount Jan-Dec 2009

Catamount properties are in the rolling hills adjacent to the

Grand River in the northern section of Ada Township in a gated

community with privacy and wooded acreage.  Executive style

homes with lots of room for entertaining and all the custom extras

that make a home luxurious are the norm here.  If you  are

searching for a prestigious address, this could be what you are

looking for, as it is one of the most affluent neighborhoods in the

Grand Rapids area.

Grand River Ada Michigan

Catamount Market Report Jan-Dec 2009

4 For Sale,  5 Sold, 8 Expired

Catamount Active Listings: 4

Catamount average active price – $712,425

Catamount average active price /SqFt – $ 200.72

Catamount average days on market – 75

Catamount SOLD Listings: 5

Catamount average sold price $ 592,350

Catamount average sold price/SqFt – $ 207.54

Catamount average sold days on market – 142

Catamount Pending Listings: 0

The Absorption Rate for Catamount Homes is 10 months, which means if no new listings

come on the market it will take10 months for the existing homes to sell at the current rate of sales.

The average sold price dropped in 2008 and into 2009.  The average list price is $100K higher

than current selling price.  5 homes sold in the last 12 months, with 4 homes for sale in this

neighborhood.  Prices have eroded from 3-4 years ago as is typical all over the area.

Foreclosure and short sale homes have likely affected the average price.  Homes on the upper

end of the market are slow to sell in the current economy, as the 5 sold and 8 expired homes

for this Ada neighborhood shows.

Additional Ada & Forest Hills Articles:

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

If you would like further information about the value of an Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0 or email: terry@terrywestbrook.com

___________________________________________________________________________________________________

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!

ar125812212017642 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812218972939 Forest Hills Michigan Top Best Buy Homes Nov 2010 ar125812225271331 Forest Hills Michigan Top Best Buy Homes Nov 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report – East – West Village Jan–Dec 2009

Forest Hills Michigan Neighborhood Real Estate Market Report East West Village Jan-Dec 2009

The East/West Village subdivision off  Ada Drive in Ada Township

is a fairly new development. The new housing construction started in 2005

and is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development.  Near both public and

private schools, East Village is also close to  Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada, Grand Rapids, and the

village of Cascade.

East Village is also close to the I96 expressway for easy access to many

different parts of our greater Grand Rapids area.  Large, executive style

homes with many amenities and extras are the rule in this neighborhood.

If you would like to start with a brand new house in Forest Hills,

this may be the place for you to call home.

Ada mi bike trail

Real Estate Market Report East-West Village Jan-Dec 2009

For Sale: 4

East Village Homes average list price: $ 462,450

East Village average price/sq ft (main floor): $ 159.36

East Village average days on the market:112 days

Pending Sales : 1

Sold Homes : 6

East Village SOLD homes average price: $ 413,983

East Village SOLD homes average price/sq ft: $146.43

East Village SOLD homes average days on market: 99 days

Expired: 10


Market Synopsis: East -West Village Homes are selling, if priced correctly.

Buyers are paying from $115-160/SqFt on the main floors, which is down from

last summer’s prices.  New construction is priced higher, so an existing

home should be priced lower per square foot than a new one.

The absorption rate for East -West Village is 8 months, which means

if no new homes enter the marketplace, it will take 8 months

for the current home inventory (4) to sell.  This is  high for the Ada – Forest

Hills area, it reflects the higher prices of the homes, even though

they are located in Forest Hills.  Higher priced homes are slow movers

on today’s market due to buyer’s jitters about further market devaluation.

Ada Michigan Real Estate

Forest Hills Michigan Real Estate

If you would like further information about East or West Village, Ada, or

Grand Rapids Homes, please contact me directly.

photo of Ada Bike 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!

ar125812212017642 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812218972939 Foto Friday – Christmas Railway Garden Meijer Gardens 2010 ar125812225271331 Foto Friday – Christmas Railway Garden Meijer Gardens 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM