Grand Rapids Michigan ~ Watermark Residences Market Report ~ June 2009

Posted on July 10, 2009 by Terry & Bonnie

The Residences at Watermark are located on Watermark Golf Course just

south of Cascade Road. Yes, I play Watermark golf course every chance

I get. Watermark is a premier course with friendly players.

It has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

watermark residences entrance grand rapids mi

Watermark Residences

June 2009 Real Estate Market Report

For Sale: 6

There are 6 active Watermark Homes currently on the market.

The median Watermark Homes current active price is $ 897,450

The average Watermark Homes current price per sq ft is $ 284.99

The average days on the market for active Watermark Homes is 149

The high price is $ 2,700,000 and the low price is $ 399,900.

Sold: 1

There has been 1 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 440,000

The average Watermark Sold Homes price per sq ft is $206.57

The average days on the market for Watermark Sold Homes is 73.

Pending: 1

Expired: 7

At the current rate of sales, we have a 18 month Absorption rate at the

Watermark Residences. This means that it will take 18 months for the

current listed homes to sell based on the current rate of sales.

Watermark buyers don’t seem very interested at the present prices.

The listed avg. price/square foot is about $80 more than the only sale

so far this year. The $2.7 million home does inflate the figures but

price/sq ft should be similar. Summer has seen another sale here, but

overpriced homes just aren’t selling no matter where they are located.

Additional articles about Watermark Residences:

Watermark Residences May 2009 Market Report

Watermark Residences March 2009 Market Report

Watermark Country Club ~ Pool Time

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

terry@terrywestbrook.com

Grand Rapids – Ada Real Estate – Westbrook Realty

photo of Watermark Residences Entrance by Bonnie Westbrook

Cascade Michigan Neighborhood Real Estate Market Report ~ Hidden Hills ~ May 2009

Posted on June 4, 2009 by Terry & Bonnie

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids.

Home construction started here in the 1960’s housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban sub-

division area has been a desirable place to live in the Grand Rapids home

market for many years.

Hidden Hills, Cascade Township

Neighborhood Real Estate Market Report

May 2009

8 For Sale, 7 Sold, 3 Pending, 4 Expired

Hidden Hills Active Listings 8

Hidden Hills Average Active Price: $ 283,688

Hidden Hills Average Active Price Per Sq Ft: $ 117.56

Hidden Hills Active Average Days on Market: 82

Hidden Hills Sold Homes 7

Hidden Hills Average SOLD Price: $ 174,673

Hidden Hills Average SOLD Price Per Sq Ft: $ 89.83

Hidden Hills Average SOLD Days on the Market: 148

Hidden Hills Pending Homes: 3

Hidden Hills Expired Homes: 4

Hidden Hills Average Expired Price: $ 303,675

Hidden Hills Average Expired Price Per Sq Ft: $117.79

Hidden Hills Average Expired Days on the Market: 149

The current absorption rate is 4 months, which means we have

a 4 month supply of homes in the Hidden Hills market, IF no new

homes enter the market and homes sell at the current rate.

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

dropped about $120K and about $30 /SqFt in the last 14 months.

Time on the market has decreased slightly and we have 10 homes

sold since the first of the year. Prices selling way below 2004 prices

is sobering news for Hidden Hills sellers but solid homes available at

bargain prices for buyers who want the Forest Hills School District.

Sellers: You can’t get top price if your condition is vintage 1980’s.

Today’s buyers have too many choices to settle for outdated homes.

Forest Hills School District Average Sold Home Prices last 5 years:

2008 – $ 279,709

2007 – $ 269,445

2006 – $ 300,691

2005 – $ 282,173

2004 – $ 268,072

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Grand Rapids – Ada Real Estate – Westbrook Realty

photo of Leslie E Tassell Park by Bonnie Westbrook

Forest Hills, Michigan ~ Watermark Residences Real Estate Market Report ~ May 2009

Posted on May 27, 2009 by Terry & Bonnie