Forest Hills Michigan Clements Mill Neighborhood Real Estate Market Report ~ Jan- December 2009

Posted on December 9, 2009 by Terry & Bonnie

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

Clements Mill is a newer home development built by Eastbrook

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

2003. Apart from newer homes, part of the appeal is the proximity

of Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

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

shopping area at Cascade Road and Forest Hills.

Ada’s Clements Mill has seen steady to declining values in the short

time it has been built out. This is largely due to the current housing

economy where all area homes have suffered a decline in value. This

subdivision continues to be a desired location for local residents.

Clements Mill Market Report Jan – December 2009

15 Sold, 1 Pending, 3 For Sale, 6 Expired

Clements Mill Active Listings: 3

Average Active Price: $175,233

Average Active Price/SqFt: $130.21

Average Active Days on Market: 131

Clements Mill Sold Listings: 15

Average Sold Price: $251,113

Average Sold Price/SqFt: $109.44

Average Days on Market: 73

Clements Mill Expired Listings: 6

Absorption Rate for Clements Mill homes is averaging

2.4 months, which is a very low rate for the Grand Rapids area.

Average list price is currently lower that average sold price,

which means that the current active homes are smaller and

priced below the homes that have sold this year.

Additional Forest Hills Articles:

Forest Hills Michigan Real Estate Reports

SEARCH FOR FOREST HILLS HOMES

If you have detailed 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

Snowman 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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Ada Michigan Neighborhood Real Estate Market Report Catamount August 2009

Posted on September 10, 2009 by Terry & Bonnie

Ada Michigan Neighborhood Real Estate Market Report Catamount August 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 August 2009

2 For Sale, 5 Sold, 6 Expired

Catamount Active Listings: 2

Catamount average active price – $637,400

Catamount average active price /SqFt – $ 225.10

Catamount average days on market – 134

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 3 months, which means if

no new listings come on the market it will take 3 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 just slightly higher than

current selling price. 5 homes sold in the last 8 months, with 2 homes

for sale in this neighborhood. Prices have eroded from 3-4 years ago

but seem to have stabilized a bit this summer.

Ada Michigan Real Estate Market

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!

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry 616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009

Posted on March 30, 2009 by Terry & Bonnie

The East 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 by the 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,

this may be the place for you to call home.

Real Estate Market Report East Village March 2009

For Sale: 5

East Village Homes average list price: $ 490,720

East Village average price/sqft (main floor): $ 183.23

East Village average days on the market: 49 days

Pending:1

Sold: 3

East Village SOLD homes average price: $ 398,333

East Village SOLD homes average price/sqft: $140.94

East Village SOLD homes average days on market: 86 days

Expired: 3

East Village expired homes average price: $434,933

East Village expired homes average price/sqft: $177.02

East Village Homes are selling, if priced correctly. Buyers are

paying about $140/SqFt on the main floors, which is down from

last summer’s prices.

The absorption rate for East Village is 2.85 months, which means

if no new homes enter the marketplace, it will take 2.85 months

for the current home inventory to sell.

East Village Market Report December 2008

Forest Hills Market Report November 2008

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

Grand Rapids Homes, please contact me directly.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

Posted on March 4, 2009 by Terry & Bonnie

Forest Hills Gardens Absorption Market Report Feb 2009

4 Sold, 3 For Sale, 1 Expired

The absorption rate for Forest Hills Gardens is 10.5 months, which

means if no new listings come on the market it will take 10.5 months

for the existing inventory of homes to sell at the current rate of sale.

Active Forest Hills Gardens Listings: 1

Average list price is $ 191,633

Average time on market is 60 days.

Average list cost/SqFt is $100.30

Forest Hills Gardens Sold Homes :4

Average Sold Price: $162,475

Average price/Sq Ft: $96.47

Average days on the market: 20 days.

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

Jim Ferro states that the Ada population has grown by 20% since 2000.

There is a new proposed 80 condo units – Villas of Ada going in next

door and Stone Falls of Ada – a 210 unit apartment complex, currently

under construction a short distance away on Spaulding Ave.

Both of these new developments are quite close to Adacroft Commons

and Forest Hills Gardens.

If you have questions about Forest Hills or Ada homes,or

if you would like this market report emailed to your inbox,

please contact me directly: 1-888-240-1968 ext 0

Grand Rapids Ada Real Estate ~ Five Star Real Estate LLC

Japanese Maple photo by Bonnie Westbrook

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Posted on March 4, 2009 by Terry & Bonnie

Ada Moorings is located off Grand River Drive, just east of Ada and

close to Ada Township Park. A recent development by Eastbrook

Builders, these homes are in Forest Hills Public School

District. Close to the village of Ada and not far from the village of

Cascade,this subdivision is near 28th Street shopping, the Thornapple

and the Grand Rivers.

Grand River Ada Michigan

Ada Moorings Market Report February 2009

3 For Sale, 9 Sold, 4 Expired

Ada Moorings Active Listings: 3

Ada Moorings average active price – $225,967

Ada Moorings average active price /SqFt – $ 121.78

Ada Moorings average days on market – 162

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price – $ 243,211

Ada Moorings average sold price/SqFt – $ 125.24

Ada Moorings average sold days on market – 91

The Absorption Rate for Ada Moorings Homes is 3.3 months, which means if

no new listings come on the market it will take 3.3 months for the existing

homes to sell at the current rate of sales. The average list price has dropped

$20,000 in the last quarter of 2008 and into the 2009, which means sellers

are closer to the actual market price. The average sale price has stayed the

same. The market is good in Ada Moorings, 3.3 months is a great absorption

rate for the Grand Rapids Area.

Ada Moorings Market Report Dec 2008

Ada Moorings Market Report Oct 2008

Ada Moorings Market Report Sept 2008

Ada Moorings Market Report Aug 2008

Ada Moorings Market Report July 2008

Ada Moorings Market Report June 2008

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

Grand Rapids Home, please contact me directly at:

1-888-240-1968 ext 0

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate – Five Star Real Estate

photo of the Ada Park Entrance in Ada by Bonnie Westbrook

Grand Rapids MI Real Estate Market Report Nov 2008 – Adatowne in Ada Township

Posted on December 2, 2008 by Terry & Bonnie

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 new 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 (about 1000 sq ft) sold for $ 19,900 in 1975.

Adatowne Residential Neighborhood in Ada, Michigan

November 2008 Real Estate Market Report

8 Sold, 1 Pending, 5 For Sale

Fall foliage in Ada MI

Adatowne Active Listings: 5

Adatowne Average Active price – $149,120

Adatowne Active average price/SqFt – $113.36

Adatowne Active average days on market – 67

Adatowne Sold Listings: 8

Adatowne Average Sold Price – $ 136,975

Adatowne Average sold price/SqFt – $ 116.68

Adatowne Average Sold days on market – 96

171 homes have sold in Ada Township in 2008,

Average price is $304,411.

MARKET SYNOPSIS: Not much has changed in Adatowne since last month.

We have one more home on the market,which has reduced the average price.

With the new trend of consumers downsizing, the real estate market should remain

strong and viable for Adatowne homes, as long as they are in great condition

and priced at $116 a sq ft.

If you would like more information about Ada or Grand Rapids Homes,

please feel free to contact me directly.

Adatowne Market Report June 2008

Adatowne Market Report July 2008

Adatowne Market Report Aug 2008

Adatowne Market Report Sept 2008

Adatowne Market Report Oct 2008

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI fall foliage by Bonnie Westbrook

Real Estate Market Report Nov 2008 ~ Ada Cascade MI

Posted on November 22, 2008 by Terry & Bonnie

Ada Cascade MI Real Estate is always active. These Grand Rapids suburban

communities have wonderful neighborhoods, some new and some older with

prestigious Forest Hills Public Schools, and private schools that attract many

homeowners, such as Ada Christian Schools.

This report will cover the July to November 2008 real estate market activity.

Ada Cascade Listings over $300,000

There are 203 Active Ada Cascade Listings in the over $300,000 category with

an average price of $663,276. The Active Listings have been on the market

for an Average of 150 Days. The Average price per square foot of Active

Listings is $207.16 with a low price of $300,000 & a high price of $2,700,000.

There have been 68 Sold Ada Cascade Listings in the over $300,000 category

with an Average price of $550,287. The Average Sold price per square foot is

$ 184.86 with Average Days on the Market at 124. The lowest sold price is

$306,200 & the highest sold price is $1,500,000. There are 9 Pending

Ada Cascade Listings in this category.

Forest Hills mi real estate market report 11-08

Forest Hills MI real estate market report 11-08

Ada Cascade Listings $100,000 to $300,000

There are 188 Ada Cascade Active Listings

Average Price of $205,252

Average Active Price per Sq Ft is $121.37

Average Active Days on the Market are 104

High Active Price is $300,000

Low Active Price is $104,900

There have been 57 Sold Ada Cascade Listings in the last 4 months.

Average Sold Price is $196,586

Average Sold Price / sq foot at $111.22

Average Sold Days on the Market is 96 Days

High Sold price is $290,000

Low sold price is $104,500

There are 21 Pending Sales in this category.

Forest Hills MI real estate market report 11-08

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

If you would like specific information about an Ada Cascade MI or

Forest Hills Home, please contact me directly at:

1-888-240-1968 ext 0

Grand Rapids Ada Real Estate Five Star Real Estate LLC

Photo of the Grand River in Ada by Bonnie Westbrook

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Ada MI Real Estate Market Reports

Forest Hills Michigan Clements Mill Neighborhood Real Estate Market Report ~ Jan- December 2009

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

Ada Michigan Neighborhood Real Estate Market Report Catamount August 2009

Ada Michigan Neighborhood Real Estate Market Report Catamount August 2009

Forest Hills Michigan Absorption Report ~ East Village ~ March 2009

Forest Hills, Michigan Real Estate Market Report ~ Feb 2009 ~ Forest Hills Gardens

Ada Michigan Real Estate Market Report ~ Ada Moorings Neighborhood

Grand Rapids MI Real Estate Market Report Nov 2008 – Adatowne in Ada Township

Real Estate Market Report Nov 2008 ~ Ada Cascade MI