Grand Rapids Absorption Report ~ Clements Mill Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

Clements Mill is a newer home development built by EastbrookConstruction in the Ada MI area, started in 1999 and completed in2003. Apart from newer homes, part of the appeal is the proximityof Forest Hills Central Middle and High Schools, Forest Hills Woodlands 5/6 School, St Roberts & Ada Christian Schools, whichare within walking distance.Clements Mill is midway between the Village of Ada and Forest Hillsshopping area at Cascade Road and Forest Hills.Ada’s Clements Mill has seen steady to declining values in the shorttime it has been built out. This is largely due to the current overabundance of houses for sale in a soft resale market. Clements Mill Market Report

January 2009

23 Sold, 7 For Sale, 12 ExpiredClements Mill Active Listings: 7Average Active Price: $250,371Average Active Price/SqFt: $121.52Average Active Days on Market: 64 Clements Mill Sold Listings: 23Average Sold Price: $275,421Average Sold Price/SqFt: $122.27Average Days on Market: 103 Clements Mill Expired Listings: 12Average Expired Price: $263,408Average Expired Price/SqFt: $ 126.19Average Expired Days on Market: 165 Absorption Rate for Clements Mill homes is averaging1.9 sold homes per month for 2008/2009 to date.With 7 current listings, there is a 3.6 month supply. Clements Mill Market Report Nov 2008Clements Mill Market Report Sept 2008Clements Mill Market Report July 2008Clements 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% since2000. There is a new proposed 80 condo units – Villas of Adaand Stone Falls of Ada – a 210 unit apartment complex, currentlyopen & under construction here. The Stone Falls of Ada apartmentprojectis adjacent to Clements Mill. Both are scheduled for completion by spring 2009.If you have detailed questions about Ada Homes, Forest Hills Homes orjust need further information, please contact me directly. Grand Rapids Ada MI Real Estate Five Star Real Estate LLCCopyright 2009 All rights reservedAda Drive Walking Trail Photo by Bonnie Westbrook

Grand Rapids MI Absorption Report ~ Quail Crest Condos ~ Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

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 late 1990’s.

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 Entrance Cascade MI

Quail Crest Condominiums Real Estate Market Report

January 2009

3 Sold, 8 For Sale, 2 Pending, 5 Expired

Quail Crest Condos Active Listings: 8

Quail Crest Condos Average Active Price – $191,000

Quail Crest Condos Average Active Price/SqFt – $ 136.61

Quail Crest Condos Average Active days on market – 157

Quail Crest Condos Sold Listings: 3

Quail Crest Condos average sold price – $274,167

Quail Crest Condos average sold price/SqFt – $ 167.48

Quail Crest Condos average days on market – 89

Quail Crest Condos Expired Listings: 5

Quail Crest Condos average expired price – $202,160

Quail Crest Condos average price/SqFt – $ 147.35

Quail Crest Condos average days on market – 146

The absorption rate for Quail Crest Condos is 20 months, which

means if no new listings come on the market, it will take 20 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today’s buyer, or there is a glut of condos on the market.

Quail Crest Condos Dec 2008 Market Report

Quail Crest Condos Oct Market Report

Quail Crest Condos Sept Market Report

Quail Crest Condos July Market Report

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.

Grand Rapids Ada MI Real Estate – Five Star Real Estate

photo of Quail Crest Entrance by Bonnie Westbrook

Grand Rapids MI Absorption Report ~ Centennial Park Condos ~ Jan 2009

Posted on February 2, 2009 by Terry & Bonnie

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

every level. This community also has a clubhouse and restaurant for

members.

We have relocated several clients into this community and they find it a

wonderful place to live. Just minutes from 28th Street & Cascade shopping,

dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

Centennial Park Meadows Condos

Real Estate Market Report

January 2009

13 For Sale, 0 Pending, 6 SOLD, 13 Expired

Centennial Condos Active Listings: 13

Centennial Condos Active Average Price – $265,385

Centennial Condos Active average $/SqFt – $ 135.19

Centennial Condos Active average days on market – 121

Centennial Condos Sold Listings: 6

Centennial Condos Sold average price – $ 117,342

Centennial Condos Sold average $/SqFt – $ 79.07

Centennial Condos Sold average days on market – 69

Centennial Condos Expired Listings: 13

Centennial Condos Expired average price – $ 240,115

Centennial Condos Expired average $/SqFt – $ 143.98

Centennial Condos Expired average days on market – 160

The Absorption Rate for Centennial Park Condos is 19.5 months,

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

19.5 months for the existing condos to sell at the current rate

of sales. This is a high number for Grand Rapids, which reflects the

weak market for condos, over priced listings, or a combination

of both, which I believe is the case. [Note the disconnect between

the Expired price/SqFt and Sold price/SqFt].

Centennial Park Condos Market Report Dec 2008

Centennial Park Condos Market Report Oct 2008

Centennial Park Condos Market Report Sept 2008

Centennial Park Condos Market Report August 2008

If you would like information about Grand Rapids – Cascade MI Condos

or Grand Rapids – Cascade MI Homes, please contact me directly.

If you would like this report emailed to your inbox every month, please

Grand Rapids – Ada Real Estate – Five Star Real Estate

photo of Golf Equipment by Bonnie Westbrook

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Tag Archives: Michigan Real Estate

Grand Rapids Absorption Report ~ Clements Mill Jan 2009

Grand Rapids MI Absorption Report ~ Quail Crest Condos ~ Jan 2009

Grand Rapids MI Absorption Report ~ Centennial Park Condos ~ Jan 2009