Forest Hills Michigan Neighborhood Real Estate Market Report East-West Village Jan-Dec 2010

Forest Hills Michigan Neighborhood Real Estate Market Report East West Village Jan-Dec 2010

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.

Forest_Hills_Central_High_School_ sign

Real Estate Market Report East-West Village Jan-Dec 2010

2010 For Sale: 7

East Village Homes average list price: $ 448,871

East Village average price/sq ft (main floor): $ 166.54

East Village average days on the market:177 days

Pending Sales : 0

 

Sold 2010 Homes : 7

High Price – $480K  Low Price: $345K

East Village Average SOLD Price: $ 416,857

East Village Average price/sq ft: $162.93

East Village Average SOLD days on market: 87 days

SOLD Price % of List Price: 99.15

 


Market Synopsis: East -West Village Homes are selling for a little

more in 2010 than in 2009, though it is almost 6 months to do so.

The absorption rate for East -West Village is 12 months, which means

if no new homes enter the marketplace, it will take 12 months

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

Hills area, it reflects the higher prices of the homes and is longer by half

than 2009 sell times for this subdivision.  Higher priced homes are slow

movers on today’s market.

 

 Search Forest Hills Homes

 

Additional Real Estate Articles:

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!

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Westbrook Realty Grand Rapids MI Real Estate

Contact Terry   616-292-7263

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