Ada Michigan Real Estate Market Report ~ Adatowne ~ January 2009

Posted on January 19, 2009 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

January 2009 Real Estate Market Report

3 Sold, 2 Pending, 4 For Sale

Fall foliage in Ada MI

Adatowne Active Listings: 4

Adatowne Average Active price – $147,650

Adatowne Active average price/SqFt – $113.16

Adatowne Active average days on market – 94

Adatowne Sold Listings: 3

Adatowne Average Sold Price – $ 138,300

Adatowne Average sold price/SqFt – $ 119.19

Adatowne Average Sold days on market – 47

MARKET SYNOPSIS: Not much has changed since last month.

We have one less 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 $110-120 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 July 2008

Adatowne Market Report Aug 2008

Adatowne Market Report Sept 2008

Adatowne Market Report Oct 2008

Adatowne Market Report Nov 2008

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Photo of Ada MI fall foliage by Bonnie Westbrook

A Microcosm of Home Values Decline in Forest Hills Michigan

Posted on January 12, 2009 by Terry & Bonnie

Many experts will tell you that all real estate is local. Just how local

do you get? I just did a little research for a client this weekend and

thought I would share it with you. Forest Hills is a strong local market

and homes continue to sell here, but we have still seen a decline. Home

values may be stable in one neighborhood and falling in another.

This is all predicated on how badly people want to live in your area.

I did research on an “average home” in Forest Hills.

Your Home

The search parameters were:

Forest Hills School District

Two Story Home

2200- 2600 square feet

Year 2006 2007 2008

Avg Sold Price $ 308,488 292,289 267,278

Homes Sold 88 86 78

Cost$/SqFt 127.53 120.80 112.61

An overall decline of 13% in the last 3 years

What can you do but read this and weep? You might like to

attend your local township Board of Review. This

is the only place you can petition to get your tax assessment

lowered.

See your local taxing authority for details. The Review Boards

usually meet in March of each year.

Grand Rapids Ada Real Estate ~ Five Star Real Estate

Top Home Buys Forest Hills Michigan ~ January 2009

Posted on January 12, 2009 by Terry & Bonnie

We have gathered a list of the top Forest Hills Houses

to buy. Please note that this list can change daily as

some homes sell, prices are adjusted and other homes

come on the market.

The total square footage is noted here, although only the

main floors are used to figure price per square foot. The

lowest price/Sq Ft range from $54.68 to $74.56 here.

The lowest list price is $79,900 and the highest list price is

$236,537 for January 2009 homes in Forest Hills School District.

This list could include properties in Ada Township, Cascade

Township, Grand Rapids Township, Lowell Township, and the

city of Kentwood.

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

378 Pettis Ave SE $ 79,900 1300 Sq Ft $61.46/SqFt

1417 Grand River Dr $ 89,900 1248 Sq Ft $72.04/SqFt

831 Honey Creek $150,578 2913 Sq Ft $63.13/SqFt

6224 Lincolnshire Ct $ 79,900 1712 Sq Ft $69.36/SqFt

5505 Whitneyville $109,900 1536 Sq Ft $71.55/SqFt

8195 45th St SE $134,500 2193 Sq Ft $61.33/SqFt

3521 Thornapple River Dr $136,900 1836 Sq Ft $74.56/SqFt

7133 Bridgewater Dr $159,000 2160 Sq Ft $73.61/SqFt

2205 Christine Ct SE $179,900 2600 Sq Ft $69.19/SqFt

3150 Hayward Dr $189,900 2574 Sq Ft $73.78/SqFt

6948 Maplecrest Dr $194,900 3200 Sq Ft $72.72/SqFt

3327 Hidden Hills Ave $209,900 3400 Sq Ft $72.38/SqFt

7399 Lime Hollow Dr $225,000 3085 Sq Ft $72.93/SqFt

38 E Beltline Ave SE $ 94,900 1328 Sq Ft $71.46/SqFt

4714 Cutter Parkway $ 99,950 1828 Sq Ft $54.68/SqFt

3310 Midland Dr SE $209,900 4000 Sq Ft $59.46/SqFt

4271 Woodside Oaks Ct $236,537 3453 Sq Ft $68.50/SqFt

If you would like a list of top best buys in your area, please contact

us through our website:

Grand Rapids Ada Real Estate ~ Five Star Real Estate

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

Posted on December 2, 2008 by Terry & Bonnie

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.

Ada Woods Real Estate Market Report

November 2008

5 Sold, 1 Pending, 5 For Sale, 7 Expired

Fall in Ada MI

Ada Woods Active Listings: 5

Ada Woods Average Active Price – $ 333,920

Ada Woods Average Active Price/SqFt – $131.28

Ada Woods Average Days on Market – 131

Ada Woods SOLD Listings: 5

Ada Woods Average Sold Price -$ 340,480

Ada Woods Average Sold Price/SqFt – $124.15

Ada Woods Average Sold Days on Market – 110

Ada Woods Expired Listings: 7

Ada Woods Average Expired Price – $ 295,329

Ada Woods Average Expired Price/SqFt – $ 133.37

Ada Woods Average Expired Days on Market – 155

The average home sale for 2008 in Ada Township is $ 304,411.

171 homes have sold so far in 2008.

Ada Woods is a popular home market in the Ada area. Part of the appeal

is the proximity of Ada Elementary, Forest Hills 5/6 School, Ada Christian

Schools, St Roberts School and close to the village of Ada and Fulton Street.

MARKET SYNOPSIS: As you can see by the numbers, average sold price has

lowered, and the average asking price has risen. The expired number is up

which tells me that some sellers have given up trying to get their asking price.

If you don’t have your Ada Woods home priced about $ 125.00 a sq ft, you

will be waiting for a stronger sellers market to sell your home.

Ada Woods Market Report June 2008

Ada Woods Market Report July 2008

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

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

please contact me directly.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

Fall Color photo in Ada Mi photo by Bonnie Westbrook

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

Posted on December 2, 2008 by Terry & Bonnie

Greentree Estates is a small subdivision in Ada Township south of

Conservation Avenue and just east of Honeycreek Avenue. The homes

located here are large, executive style homes, usually with acreage sites.

Most of the houses were built in the 1970’s to 1980’s. These homes are

prized for their privacy setting in a heavily wooded, natural area, (you can’t

always see your neighbor’s house) and the presitigious Forest Hills Public

School System. This area of Ada Township has rolling hills, covered with

native hardwoods, and is very picturesque. Seidman Park is just across the

street with it’s nature trails and cross country ski trails.

covered bridge ada mi

Greentree Farms

Residential Real Estate Report June 2008

6 For Sale, 2 SOLD, 3 Expired

Greentree Farms Active Listings: 6

Greentree Farms average active list price – $ 454,467

Greentree Farms average active list cost /sq ft – $ 158.52

Greentree Farms average active days on the market – 94

Greentree Farms SOLD Listings: 2

Greentree Farms average SOLD price:$ 427,500

Greentree Farms average SOLD cost/sq ft – $ 123.60

Greentree Farms average days on the market – 72

Greentree Farms Expired Listings: 3

Greentree Farms average expired price – $461,333

Greentree Farms average cost/sq ft – $ 163.88

Greentree Farms average days on the market – 208

At the current rate of sales, we have a 33 month supply of homes

in Greentree Farms.

MARKET SYNOPSIS: The middle upper end market has been hit hard

in our area. Many people in this market are downsizing and can’t find

buyers for their homes. Pricing is KEY to the sale of your home. This

report really typifies what happens. Sellers are told the market conditions.

but their home is special. Someone will come along, fall in love with it and

pay their asking price, or pretty close to it. As you can see, not much activity

here all summer. Selling prices have come down but not enough for buyers.

The selling price was $ 123 a sq ft for the summer market, the winter market

is usually less robust and fewer buyers can command lower prices. If you are

waiting for a sellers market to come back, it might be 2 years before this

current trend turns around, or maybe not….??

Greentree Farms Market Report June 2008

Greentree Farms Market Report Oct 2008

If you would like further information about Ada Township Homes,

please me directly.

Grand Rapids Ada Real Estate – Five Star Real Estate

Ada Covered Bridge photo by Bonnie Westbrook

Stone Falls of Ada ~ New Apartment Complex Update ~ Ada, Michigan

Posted on November 22, 2008 by Terry & Bonnie

UPDATE: The Stone Falls of Ada Apartment complex has went up fast.

Our last post was in June. The units are up and some are occupied. Not

all units are completed yet. In the short video here, you can see the

approach to Stone Falls of Ada on Spaulding Ave and just how big this

complex is. There was a little excitement a few weeks ago when an empty

unit caught fire, the damage can be seen on our video tour.

I am leaving my original post, so you can the how fast the project has

went up.

[youtube=http://www.youtube.com/watch?v=Q5Ec-AribkY&hl=en&fs=1&color1=0x234900&color2=0x4e9e00]

Stone Falls of Ada Apartments

Original Post about Stone Falls of Ada:

A new 210 unit luxury apartment complex is taking shape in Ada, Michigan.

The new complex, named Stone Falls of Ada, is scheduled to be completed

in spring 2009. The Dayton Ohio based group that is constructing the

development, the Miller-Valentine Group,and their partners, Boston based

Cross Harbor Capital Partners LLC reports that the complex will have one,

two, and three bedroom apartments ranging in size from 856 square

feet to 1460 square feet. The location of the project is on the east side

of Spaulding Avenue just south of Fulton Street.

stone falls of ada mi

As you can see, construction is well under way. The buildings in the far

background are the Townhouses and condominiums of Clements Mill. This

part of the Clements Mill project was sold to be completed as apartment

dwellings. This is a fairly new feature in Ada Township.

Prior to this development 98 per cent of the homes in Ada Township were

single family residences. There are a lot of apartments in the Grand Rapids

area but very few in Ada. It will be interesting to see if Ada is attractive to

renters.

Grand Rapids Ada Real Estate ~ Westbrook Realty

photo by Bonnie Westbrook

Real Estate Market Report – Ada, MI ~ Clements Mill ~ Nov 2008

Posted on November 22, 2008 by Terry & Bonnie

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 over

abundance of houses for sale in a soft resale market.

Clements Mill Real Estate

Market Report November 2008

21 Sold, 1 Pending, 5 For Sale, 8 Expired

Clements Mill Active Listings November 2008: 5

Average Active Price: $250,700

Average Active Price/SqFt: $118.14

Average Active Days on Market: 120

Clements Mill Sold Listings November 2008: 21

Average Sold Price: $276,223

Average Sold Price/SqFt: $123.39

Average Days on Market: 108

Clements Mill Expired Listings: 8

Average Expired Price: $269,275

Average Expired Price/SqFt: $ 130.94

Average Expired Days on Market: 152

Absorption Rate for Clements Mill homes is averaging 2 sold homes

per month for 2008 to date. With 5 current listings, there is a 2.5

month supply of homes on the market in Clements Mill, Ada MI.

Clements Mill Market Report Sept 2008

Clements Mill Market Report July 2008

Clements Mill Market Report June 2008

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

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

open & under construction here. The Stone Falls of Ada apartment project

is adjacent to Clements Mill. Both are scheduled for completion by

spring 2009.

If you have detailed questions about Ada Homes, Forest Hills Homes or

just need further information, please contact me directly at:

1-888-240-1968 ext 0

Grand Rapids Ada MI Real Estate Five Star Real Estate LLC

Ada Drive Walking Trail Photo by Bonnie Westbrook

September Update on Ada Condos ~Villas of Ada Tour, Ada MI ~

Posted on September 9, 2008 by Terry & Bonnie

We did some investigating the other day and took a field trip, so we

could report on the new Ada condos going up in Ada off

Ada Drive & Hall Street, The Villas of Ada.

The developer has a similar community in Grandville where we took

a tour of the models and community clubhouse. Until the club house

and condominum models are open here in Ada, estimated to be

early 2009, we thought you would like a sneak preview.

We have put pictures and some information together on a visual

tour, so you can take an armchair tour of what the Ada condo

models will look like.

Canterbury Sunroom

Master Bedroom Abbey Model

We were very impressed with the consideration given to a mature life style.

For instance, in Villas of Ada there will be NO STEPS! Period.

The plans have been adjusted so there will be more storage in the pantry,

and access to the garage attic will be easier. The pool is kept open until

November 1 and is kept heated to 80 degrees. The fitness center can be

accessed 24 hours a day with a key, so you can exercise at 3 am,

if you want to.

A nice plus is the Ada Walking Path that can be accessed off Ada Drive.

This path is now connected to Grand Rapids Township and Frederick

Meijer Gardens & Sculpture Park at Forest Hills & Fulton.

As you can see by the photos, this will be an very nice development

to live in.

Villas of Ada – The Abbey Condo Tour:

Villas of Ada – The Canterbury Condo Tour:

If you would like additional information about Ada homes, please contact me

directly at 1-888-240-1968 ext 0

Construction continues on Villas of Ada Condos, Ada MI

Posted on July 31, 2008 by Terry & Bonnie

The update for the Villas of Ada, Ada MI is that the bulldozers have moved

in, three existing homes have been torn down and are on their way out. We

have been watching the progress every day as we drive by. The road has

been closed this week to hook up sewer and water. At the present it looks

more destructive than constructive, but that is what the building

process is all about.

villas of ada under construction

Villas of Ada construction continues

A large home was here but is gone now. The one on the right is the only one

left of the three existing homes being removed.

Villas of Ada Construction

Our neighborhood connects to this parcel on the right. We can hear the dozers

and land movers working away all day. These photos are taken from Hall Street.

The Ada Drive entrance is at the other end of this development. Check out my

East Village, Ada MI July 2008 Real Estate Market Report

Posted on July 31, 2008 by Terry & Bonnie

The East Village subdivision off of 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 the 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 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 quickly. Large,

executive style homes with many amenities and extras are the rule for

this neighborhood. If you would like to start with a brand new house,

this may be the place for you to call home.

Mature Oak Tree ~ Ada MI

East Village Market Report July 2008

8 For Sale, 3 Pending, 4 SOLD

Address Status Price Sq Ft $/Sq Ft DOM

707 Village Springs Dr For Sale 339,900 1895 179.36 49

459 Morraine Hill Dr For Sale 414,900 2480 167.29 131

524 Village Springs Dr For Sale 424,000 3180 133.33 81

572 Village Springs Dr For Sale 449,900 2926 153.75 48

632 Village Springs Dr For Sale 459,000 2760 166.30 47

5130 W Village Trail For Sale 499,000 3099 161.01 47

5010 W Village Court For Sale 499,900 3175 157.16 118

5050 Clear Springs Dr For Sale 574,900 2784 206.50 13

644 Village Springs Dr Pending 459,900 2825 162.79 190

4862 Meadow Springs Trl Pending 499,900 3175 157.44 75

5010 W Village Court Pending 499,900 3175 157.16 118

669 Village Springs Dr SOLD 349,900 2016 173.56 28

4969 Meadow Springs Trl SOLD 479,900 2914 164.68 51

527 Village Springs Dr SOLD 470,000 2757 170.47 58

4862 Meadow Springs Trl SOLD 489,900 3175 157.44 75

If you would like further information about Ada Homes, please

contact me directly

Grand Rapids Real Estate

Grand Rapids Real Estate Information

Tag Archives: Ada Michigan 49301 Real Estate