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Forest Hills Central HS Entrance

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.

 

                    Tamarron Residential Real Estate 

                      December 2008 Market Report

                      5 Sold,  7 For Sale, 7 Expired

 

Tamarron Active Listings: 7

Tamarron Average Active Price – $ 500,329

Tamarron Average Active Price/SqFt – $ 137.25

Tamarron Average Active Days on Market – 138

Tamarron  SOLD Listings: 5

Tamarron  Average Sold Price - $ 339,480

Tamarron Average Active Price/SqFt – $ 98.11

Tamarron Average Sold Days on Market – 63

Tamarron Expired Listings: 7

Tamarron Average Expired Price – $ 265,629

Tamarron Average Expired Price/SqFt – $ 112.74

Tamarron Average Expired Days on Market – 124

 

234 homes have sold in Cascade Township in 2008

Average home selling price is $306,712

 

At the current selling rate, we have an Absorption rate of 16.8 months,

which means if no new listings come on the market, it will take 16.8 months

 to clear the current supply of homes.

 

MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that

some sellers would like to see. Today’s market is accepting homes under

$100.00 a sq ft. This is a price reduction for this area.  As you can see,

most sellers think their homes will sell at $ 137 a sq ft. This isn’t happening.

Even the expired listings aren’t selling at $ 112.00 a sq ft. If you have to

sell your Tamarron Estates home now, be sure you are price competitively with

 other properties on the market. Condition plays a large factor in these older

 homes.  If you haven’t updated, you aren’t going to get top dollar for your

home, the market place is telling you that you need to be at $ 100 a sq ft or

less to see your home sell.

 

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.

 

Tamarron Estates Market Report June 2008

Tamarron Estates Market Report July 2008

Tamarron Estates Market Report August 2008

Forest Hills Market Report Sept 2008

Tamarron Estates Market Report Oct 2008

Tamarron Estates Market Report Nov 2008

 

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

Home, please contact me directly.

Grand Rapids -Ada Real Estate  Copyright 2008 All rights reserved

Photo of Tamarron North Entrance by Bonnie Westbrook

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  Residential Real Estate                      Market Report December 2008

           22 Sold, 2 Pending, 2 For Sale, 10 Expired bike trail on Ada Dr ada miThe Absorption Rate for Clements Mill Ada Township MIis 1 month, which means if no new listings come on the market,it will take 1 month for the current homes inventory to sell atthe existing sales rate. Clements Mill Active Listings December 2008: 2Average Active Price: $182,400Average Active Price/SqFt: $105.12Average Active Days on Market: 230Clements Mill Sold Listings December 2008: 22Average Sold Price: $271,531Average Sold Price/SqFt: $122.07Average Days on Market: 116Clements Mill Expired Listings: 10Average Expired Price: $283,300Average Expired Price/SqFt: $ 131.99Average Expired Days on Market: 139 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 apartmentproject is adjacent to Clements Mill.  Both are scheduled for completion by spring 2009 but are open for business now. 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 2008  All rights reservedAda Drive Walking Trail Photo by Bonnie Westbrook

    Crystal Springs Development in Caledonia, Michigan is a large,

    residential suburban housing development that was started in the

    late 1980′s and most construction was finished in the 1990′s although

    some newer homes have been built since 2000. There are also a few

    vacant lots left to develop.

    This development covers a large area around the Stonewater Golf

    Course at Crystal Springs south of 68th Street to 72nd Street and

    encompassing Kalamazoo Avenue on the east and west.  This

    development has single family homes and condos, many located

    right on the Stonewater Golf Course

    The public school system is Kentwood, even though the address is

    Caledonia.

    Crystal Springs is close to the shopping plaza at 68th and

    Kalamazoo, Kentwood High School, and a short hop to M-6, which is

    the south beltline for the Greater Grand Rapids area connecting US

    131 on the west and I96 on the east side of the city.

    Kentwood High School Football Stadium

                       December 2008 Real Estate

                        Residential Market Report

                    Crystal Springs Neighborhood

    The absorption rate for Crystal Springs, Caledonia MI is 14.7

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

    take 14.7 months  for the existing homes inventory to sell at the

    current rate of sale.

    Active Listings: 28 Active Crystal Springs Listings

    Average Price: $250,509

    Price per Sq Ft: $107.09 (Main Floor only)

    Average days on the Market: 109

    PENDING: 0 homes

    SOLD: 23 Crystal Springs Sold Homes

    Average Price: $ 205,735

    Average Price Per Sq Ft: $ 96.63 (Main floor only)

    Average Days on the Market: 71

    Expired: 29 Expired Crystal Springs listings

    Average Expired Price: $254,748

    Average Price Per Sq Ft: $108.34 (Main floor only)

    Average Days on the Market: 146

     

    Crystal Springs Homes that are priced competitively are selling.

    As you can see by the statistics, the homes that have their price

    per square foot around $100 are selling in under 3 months. 

    Many sellers have retired from the market and will try again in

    the spring.  They might find a better buying market, but prices are

    still on the downward trend.  With lower interest rates, this may

    spur the local economy and put more buyers into the game.

     

    Watermark CC purchases Crystal Springs GC

    Crystal Springs GC has a new look & a new name

    Caledonia MI Sept 2008 Real Estate Market Report

    Kentwood MI Real Estate Market Report Oct 2008

    Caledonia MI Crystal Springs Market Report Oct 2008

    Caledonia MI Crystal Springs Market Report Nov 2008

    If you would like additional information about Caledonia

    or Kentwood Homes, please contact me directly at

    1-888-240-1968 ext 0

    Grand Rapids Ada Real Estate  Copyright 2008 All rights reserved

    photo of golf tournament by Terry Westbrook

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