Forest Hills Michigan Neighborhood Real Estate Report – Watermark Residences Jan – Aug 2011

Forest Hills Michigan Neighborhood Real Estate Report – Watermark Residences Jan–Aug  2011

Quick Snapshot of Watermark Residences Real Estate Activity

Jan 1 through Aug 31, 2011 

oldwatermarkCC Forest Hills Michigan Neighborhood Real Estate Report – Watermark Residences – May 2011

8 Active Listings

  1. $ 189,900       5363 Prairie Home Dr
  2. $ 324,900       5340 Prairie Home Dr
  3. $ 399,900       2025 Talamore Ct
  4. $ 409,900       2029 Talamore Ct
  5. $ 525.000       1648 Watermark Dr
  6. $ 599,900       2134 Watermark Dr
  7. $ 649,000       5650 Watermark Ct
  8. $ 2,495,000    1878 Watermark Dr

 

4 Sold Properties

  1. 1975 Watermark Dr  $351,000
  2. 5511 Alhambra Dr    $385,000
  3. 1664 Watermark Dr  $395,000
  4. 1959 Talamore Ct  ****

****(went to auction – sale hasn’t been reported yet)

 

With 8 listings for sale and only 4 sold  in Watermark,

the Absorption Rate is 16 months.  Any time over 6 months is

considered a declining market because excess inventory is

pushing home costs downward.

 

 

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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.  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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Forest Hills Michigan ~ Real Estate Market Report ~ Watermark Residences ~ October 2008

The Residences at Watermark are located on Watermark Golf Course just

south of Cascade Road. If you don’t like golf,  get defensive when a stray

golf ball rolls into your “yard” you probably would be better off not buying

 a home or condo at Watermark. Of course you would be missing out on the

best golf course in Grand Rapids (no prejudice here, just the facts, folks)

Yes, I play Watermark golf course every chance I get. Watermark is a premier

course with a friendly group of players. We have an excellent grounds staff

and a great pro shop staff.

Watermark single family homes and condos are 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

Watermark Residences Entrance

                                Watermark Residences

                  October 2008 Real Estate Market Report

For Sale:

There are 8 active Watermark Homes currently on the market.

The average Watermark Homes current active price is $ 774,313.

The average Watermark Homes current price per sq ft is $ 226.06.

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

Sold:

There have been 5 Watermark Sold Homes this year.

The average Watermark Sold Homes price is $ 515,000.

The average Watermark Sold Homes price per sq ft is $200.16.

The average days on the market for Watermark Sold Homes is 68.

If you would like further information about Watermark Residences,

Cascade or Forest Hills Homes, please contact me directly.


Grand Rapids – Ada Real Estate
– Five Star Real Estate

Copyright 2008 All rights reserved

photo of Watermark Residences Entrance by Bonnie Westbrook