Forest Hills Michigan Neighborhood Real Estate Market Report – Hidden Hills Jan-Dec 2010

Forest Hills Michigan Neighborhood Real Estate Market Report – Hidden Hills Jan-Dec 2010

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.

  Cascade Rd  walking trail Grand Rapids MI

Hidden Hills  Cascade Township Jan-Dec 2010

 

Hidden Hills Active Listings 4

Average Active Price: $ 223,425

High – $314,900       Low – $ 109,900

Average Active Price Per Sq Ft: $ 96.95

Active Average Days on Market: 130

Hidden Hills Sold Homes 16

Average SOLD Price: $ 342,118

High – $ 1,200,000      Low – $ 119,900

Average SOLD Price Per Sq Ft: $ 126.38

Average SOLD Days on the Market: 156

Pending Sold Homes: 2

 

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

bounced back somewhat from last year’s lows but the average sold

price is still declining slightly.  Time on the market has really increased

though activity was good for the year.

 

Search for Forest Hills MI Homes

 

Articles about Forest Hills :

Forest Hills Schools Post Outstanding MEAP Scores

Forest Hills Michigan Articles

Forest Hills Michigan Real Estate 

 

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Copyright 2011  All rights reserved

photo of Cascade 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 – Hidden Hills April 2010 ar125812218972939 Forest Hills Michigan Neighborhood Real Estate Market Report – Hidden Hills April 2010 ar125812225271331 Forest Hills Michigan Neighborhood Real Estate Market Report – Hidden Hills April 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

Forest Hills Michigan Neighborhood Real Estate Market Report – Quail Crest Condos Jan-Dec 2010

Forest Hills Michigan Neighborhood Real Estate Market Report – Quail Crest Jan-Dec 2010

The Quail Crest Condo development is located west of Spaulding

and north of Burton Street in Cascade Township. There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980′s and continued building

into the current phase.

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance.

Forest Hills Public Schools are the school district,

Watermark Country Club, Forest Hills & 28th Street shopping are

a short distance away.  The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St.

 

Quail_Crest_Condos_Sign_Grand_Rapids_MI

Quail Crest Condominiums Real Estate  Market Report

January -December 2010

 

Active Listings: 3

Average  Price – $254,667

Average  Price/SqFt – $ 179.78  

Average Days on market – 359   

Quail Crest Condos Sold Listings: 1

Average sold price – $223,725  

Average sold price/SqFt – $ 140.45  

Average days on market – 107   

Absorption rate = 9  months

The Absorption Rate is high for the Grand Rapids Market. 

The slow sales activity could be the new construction that is taking a

long market time to sell.  Not many condo homes for sale in this area

though average sold price & price per square foot has risen for the

last year from 2009 levels. The condo homes that sold last year were

older condo homes with improvements.

 

Search Forest Hills Homes

Forest Hills MI Real Estate Market Reports


If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly.  We can

also have these monthly market reports emailed to your

inbox, just contact us.

photo of Quail Crest Entrance 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 Grand Rapids Michigan – Quail Crest Condo Real Estate Market Report – April 2010 ar125812218972939 Grand Rapids Michigan – Quail Crest Condo Real Estate Market Report – April 2010 ar125812225271331 Grand Rapids Michigan – Quail Crest Condo Real Estate Market Report – April 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills MI Neighborhood Real Estate Market Report – Cascade Woods Jan- Dec 2010

Forest Hills MI Neighborhood Real Estate Market Report – Cascade Woods Jan-Dec 2010

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960′s and 1970′s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple  River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for  decades.

 

Part of the Forest Hills Public School District, which draws many

families, there is also the river and it’s picturesque appeal.  The

drive down Thornapple River Drive between Ada and Cascade in

the fall is one of the prettiest drives in the greater Grand Rapids area.

 

Cascade Dam Thornapple River

 

Cascade Woods Market Report Jan – Dec 2010

4 Homes For Sale,  9 SOLD

Cascade Woods Active Listings: 4

Average price – $344,975

Average $/SqFt – $131.99

Average days on market – 262

Cascade Woods Sold Listings: 9

Average Sold price – $238,722

Average Sold $/SqFt – $ 100.13

Average Days on market – 99 days

Average % of Sale Price to List Price: 95.95%

 

The Absorption Rate for Cascade Woods Homes is 5.3 months,

Which means if no new listings come on the market, it will take

5.3 months to sell the existing inventory.   The average sold price

has gone down and average list price has gone down about 10%

over the last year.  Cascade Woods homes are selling but not at

market highs seen 3-4 years ago.  Price and condition are the key

factors in a Cascade Woods sale.

 

Search Forest Hills Homes

 

Additional Forest Hills Articles:

Forest Hills Michigan Real Estate Reports

 

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

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 Neighborhood Real Estate Market Report – Cascade Woods April 2010 ar125812218972939 Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010 ar125812225271331 Forest Hills Neighborhood Real Estate Market Report – Cascade Woods April 2010

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

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

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

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.

Tassell Pak Path 3

Hidden Hills, Cascade Township

Neighborhood Real Estate Market Report

January-December 2009

4 For Sale, 15 Sold, 0 Pending, 9 Expired

Hidden Hills Active Listings 4

Hidden Hills Average Active Price: $ 429,975

Hidden Hills Average Active Price Per Sq Ft: $ 146.63

Hidden Hills Active Average Days on Market: 148

Hidden Hills Sold Homes 15

Hidden Hills Average SOLD Price: $ 210,367

Hidden Hills Average SOLD Price Per Sq Ft: $ 98.06

Hidden Hills Average SOLD Days on the Market: 102

Hidden Hills Pending Homes: 0

Hidden Hills Expired Homes: 9

Hidden Hills Average Expired Price: $ 288,922

Hidden Hills Average Expired Price Per Sq Ft: $119.70

Hidden Hills Average Expired Days on the Market: 162

The current absorption rate is  3.2 months, which means we have

a 3.2 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

bounced back somewhat from this spring’s lows of under $90 a square

foot, but the average sold price is still declining.  Time on the market

has increased slightly and 15 homes have  sold since the first of the

year.

Prices are about 30% below market highs of a few years ago but this

is still  a popular place to live in the the Forest Hills School District.

The financial experts tell us that it will be between 2013 and 2023

before they expect these market highs to return.

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

Additional Forest Hills Neighborhood Reports:

Forest Hills Michigan Real Estate

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Grand Rapids Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park 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

Cascade Township Michigan Real Estate Market Reports – Cascade Woods – Jan-Dec 2009

Cascade Township Michigan Real Estate Market Reports Cascade Woods Jan-Dec 2009

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960’s and 1970’s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple  River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for  decades.

Part of the Forest Hills Public School District, which draws many

families, there is also the river and it’s picturesque appeal.  The

drive down Thornapple River Drive between Ada and Cascade in

the fall is one of the prettiest drives in the greater Grand Rapids area.

Leslie E Tassell Park Cascade Township MI

Cascade Woods Market Report December 2009

8 Homes For Sale,  1 Pending,  10 SOLD, 14 Expired

Cascade Woods Active Listings: 8

Cascade Woods Average price – $427,100

Cascade Woods Average $/SqFt – $142.44

Cascade Woods Average days on market – 156

Cascade Woods Sold Listings: 10

Cascade Woods average price – $193,162

Cascade Woods average $/SqFt – $ 84.37

Cascade Woods average days on market – 89 days

Cascade Woods Expired Listings: 14


The Absorption Rate for Cascade Woods Homes is 7.33 months,

Which means if no new listings come on the market, it will take

7.33 months to sell the existing inventory.  The average sold price

per SqFt is still 40% less than the average Active list Price/SqFt.  This

is a definite increase since the last report in August, which was

24 moths.  Average sold price is still going down, but this could

reflect foreclosures, short sales, and homes in poor condition

that have sold over the last 12 months. The average list price

has increased by $133K because one of the listings in over $1 million

and time on the market has increased.

10 Cascade Woods homes have sold over the last year, only 2

of the 10 homes sold were over $100 a square foot.  This tells me

that homes in poor condition, read “dated” are pushing average

prices down in this area.

Today’s buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, and new flooring. If your Cascade

Woods home hasn’t sold, it is probably condition,  which gets

us back to price.  If you don’t want to improve your home, you

won’t get the same price as people who have updated and kept

their home current according to recent trends.

Forest Hills Michigan Real Estate Reports

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

photo of Leslie E Tassell Park on the Thornapple River 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 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

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Tamarron Estates August 2009

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

Leslie E Tassell Park Cascade MI

Tamarron Residential Real Estate

August 2009 Market Report

2 Sold,  7 For Sale, 6 Expired

Tamarron Active Listings: 7

Tamarron Average Active Price – $ 417,671

Tamarron Average Active Price/SqFt – $ 131.93

Tamarron Average Active Days on Market – 96

Tamarron  SOLD Listings: 2

Tamarron Average Sold Price $ 202,000

Tamarron Average Sold Price/SqFt – $ 79.07

Tamarron Average Sold Days on Market – 66

Tamarron Expired Listings: 6

Tamarron Average Expired Price – $ 533,150

Tamarron Average Expired Price/SqFt – $ 146.55

Tamarron Average Expired Days on Market – 147

At the current selling rate, we have a 28 month supply of homes

on the market in Tamarron in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $80.00 a sq ft. This is a substantial price reduction for

this area.  As you  can see, the current sellers think their homes

will sell at $ 130-150/sq ft.  The two homes that have sold since

January might be distress sales or foreclosed homes. List prices

have been reduced but still not a lot of activity in this area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be under $100 a sq ft or

less to see your home sold.

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%)live in a single family home, and the median

value is  $220,00.  Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290.  Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.


Cascade Township Michigan Real Estate

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly:  terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Copyright 2009 All rights reserved

Photo of Leslie Tassell Park 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 – What Were They Thinking? ar125812218972939 Foto Friday – What Were They Thinking? ar125812225271331 Foto Friday – What Were They Thinking?

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM


Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

Cascade Township Michigan Neighborhood Real Estate Market Report Hidden Hills August 2009

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.

Tassell Pak Path 3

Hidden Hills, Cascade Township

Neighborhood Real Estate Market Report

August 2009

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

Hidden Hills Active Listings 4

Hidden Hills Average Active Price: $ 432,475

Hidden Hills Average Active Price Per Sq Ft: $ 147.46

Hidden Hills Active Average Days on Market: 77

Hidden Hills Sold Homes 7

Hidden Hills Average SOLD Price: $ 232,500

Hidden Hills Average SOLD Price Per Sq Ft: $ 102.93

Hidden Hills Average SOLD Days on the Market: 54

Hidden Hills Pending Homes: 3

Hidden Hills Expired Homes: 3

Hidden Hills Average Expired Price: $ 336,567

Hidden Hills Average Expired Price Per Sq Ft: $127.98

Hidden Hills Average Expired Days on the Market: 174

The current absorption rate is  1.6 months, which means we have

a 1.6 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

bounced back somewhat from this spring’s lows of under $90 a square

foot.  Time on the market has decreased slightly and 16 homes have

sold since the first of the year.  Prices are still below market highs of

a few years ago but this is still a popular place to live in the the

Forest Hills School District.

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

Cascade Township Michigan Real Estate

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park 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 – What Were They Thinking? ar125812218972939 Foto Friday – What Were They Thinking? ar125812225271331 Foto Friday – What Were They Thinking?

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Neighborhood Real Estate Market Report ~ Cascade Woods – August 2009

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960’s and 1970’s, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple River, this heavily wooded area has

been a Grand Rapids desired suburban place to live for  decades.

Part of the Forest Hills School District, which draws many families,

there is also the river and it’s picturesque appeal.  The drive down

Thornapple River Drive between Ada and Cascade in the fall is one

of the prettiest drives in the greater Grand Rapids area.

Leslie E Tassell Park Cascade Township MI

Cascade Woods Market Report August 2009

12 Homes For Sale,  1 Pending,  3 SOLD, 6 Expired

Cascade Woods Active Listings: 12

Cascade Woods Average price – $294,108

Cascade Woods Average $/SqFt – $124.41

Cascade Woods Average days on market – 85

Cascade Woods Sold Listings: 3

Cascade Woods average price – $239,333

Cascade Woods average $/SqFt – $ 77.54

Cascade Woods average days on market – 148 days

Cascade Woods Expired Listings: 6

The Absorption Rate for Cascade Woods Homes is 24 months,

Which means if no new listings come on the market, it will take

24 months to sell the existing inventory.  The average sold price

per SqFt is still 40% of the Active listings Price /SqFt.  This

could reflect foreclosures, short sales, and homes in poor condition

that have sold over the last 4 months.

Or it could be home condition which is slowing the sales of

older homes in this area.

While the spring market has seen a slight uptick in prices paid

for Cascade Woods homes, the absorption rate is sobering at

24 months, while newer homes are selling briskly.

Today’s buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, and new flooring. If your Cascade

Woods home hasn’t sold, it is probably condition,  which gets

us back to price.  If you don’t want to improve your home, you

won’t get the same price as people who have updated and kept

their home current according to recent trends.

Forest Hills Michigan Real Estate

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park on the Thornapple River 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 – What Were They Thinking? ar125812218972939 Foto Friday – What Were They Thinking? ar125812225271331 Foto Friday – What Were They Thinking?

Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

Forest Hills Michigan Real Estate Market Report ~ Watermark Residences July 2009

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

                 July 2009 Real Estate Market Report

For Sale: 7

There are 7 active Watermark Homes  currently on the market.

The median Watermark Homes current active price is $ 834,943

The average Watermark Homes current price per sq ft is $ 278.71

The average days on the market for active Watermark Homes is 158

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

Sold: 2

There has been 2 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 412,500

The average Watermark Sold Homes price per sq ft is $195.61

The average days on the market for Watermark Sold Homes is 190.

Pending: 0

Expired: 7

At the current rate of sales, we have a 25 month Absorption rate at the

Watermark Residences.  This means that it will take 25 months for the

current listed homes to sell based on the current rate of sales, up 7

months from our last report.

 

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

The listed avg. price/square foot is over $80 more than the 2 sales

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 Country Club

Watermark CC Golf Pro ~ Mark Wilson

Watermark Country Club ~ Pool Time

The Grille Restaurant at Watermark

 

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

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook