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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.
Cascade Woods Absorption Market Report
December 2008
9 Homes For Sale, 1 Pending, 11 SOLD, 24 Expired
Cascade Woods Active Listings: 9
Cascade Woods Active average price – $327,056
Cascade Woods Active average $/SqFt – $110.20
Cascade Woods Active average days on market – 92
Cascade Woods Sold Listings: 11
Cascade Woods average sold price – $249,073
Cascade Woods average sold $/SqFt – $ 110.37
Cascade Woods average sold days on market – 106 days
Cascade Woods Expired Listings: 24
Cascade Woods Expired average price – $290,591
Cascade Woods Expired average $/Sq/Ft – $ 122.50
Cascade Woods Expired average days on market – 178
The absorption Rate for Cascade Woods Homes is 10.8 months,
Which means if no new listings come on the market, it will take
10.8 months to sell the existing inventory. The average sold price
per SqFt and the Active listings Price /SqFt seem to be aligned. It could
be home condition which is slowing the sales in this area of older homes.
Today’s buyers do not want to do ANY updates, which includes painting,
new kitchens & baths, 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.
Cascade Woods October 2008 Market Report
Cascade Woods September 2008 Market Report
Cascade Woods August 2008 Market Report
Cascade Woods July 2008 Market Report
Cascade Woods June 2008 Market Report
If you would like further information about Grand Rapids or
Cascade Homes, please contact me directly.
Grand Rapids -Ada Real Estate - Five Star Real Estate
Copyright 2008 All rights reserved
photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook
Ada Woods is an established development of homes in Ada, Michigan,
just west of Ada and south of Fulton Street (M46). Ada Woods started
out as an E.L. Ladd development, but towards the end of the project
many lots were sold to other builders and completed by individual owners.
The dates of building range from 1980′s to 2005. Most of the homes
have more square footage and more amenities than Adacroft Commons,
its adjacent neighborhood. As with Adacroft Commons, there is designated
common land in the development that remains heavily wooded and in a
natural state. This development is in the Forest Hills School System and
close to several private schools.
Ada Woods Real Estate Absorption Report
December 2008
6 Sold, 4 For Sale, 8 Expired
Ada Woods Active Listings: 4
Ada Woods Average Active Price – $ 332,425
Ada Woods Average Active Price/SqFt – $132.53
Ada Woods Average Days on Market – 149
Ada Woods SOLD Listings: 6
Ada Woods Average Sold Price -$ 313,567
Ada Woods Average Sold Price/SqFt – $121.37
Ada Woods Average Sold Days on Market – 119
Ada Woods Expired Listings: 8
Ada Woods Average Expired Price – $ 300,900
Ada Woods Average Expired Price/SqFt – $ 132.48
Ada Woods Average Expired Days on Market – 158
MARKET SYNOPSIS: As you can see by the numbers, average sold
price has lowered about $ 27,000. The average asking price has lowered
a tiny bit, but not enough to get buyers off the fence. The expired number
is up which tells me that some sellers have given up trying to get their
asking price.
If you don’t have your Ada Woods home priced about $ 120.00 a sq ft,
you will be waiting for a stronger sellers market to sell your home.
Ada Woods Market Report June 2008
Ada Woods Market Report July 2008
Ada Woods Market Report August 2008
Ada Woods Market Report Sept 2008
Ada Woods Market Report Oct 2008
Ada Woods Market Report Nov 2008
If you have any questions about Grand Rapids or Ada Homes,
please contact me directly.
Grand Rapids Ada MI Real Estate – Five Star Real Estate
Copyright 2008 All Rights Reserved
Headley St in Ada Mi photo by Bonnie Westbrook
The East 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 by the 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,
this may be the place for you to call home.
Real Estate Market Report East Village January 2009
For Sale: 7
East Village Homes average list price: $ 456,943
East Village average price/sqft (main floor): $ 166.49
East Village average days on the market: 29 days
Sold: 10
East Village SOLD homes average price: $ 464,900.
East Village SOLD homes average price/sqft: $161.71.
East Village SOLD homes average days on market: 86 days
Expired: 9
East Village expired homes average price: $441,933
East Village expired homes average price/sqft: $167.66
East Village Homes are selling, if priced correctly. Buyers are
paying about $160/SqFt on the main floors.
The absorption rate for East Village is 8.4 months, which means
if no new homes enter the marketplace, it will take 8.4 months
for the current home inventory to sell. If you don’t need to sell
your East Village home now, I would recommend you take it
off the market. Overpriced homes are not selling.
East Village Market Report December 2008
Forest Hills Market Report November 2008
If you would like further information about East Village, Ada, or
Grand Rapids Homes, please contact me directly.
Grand Rapids Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
photo of Ada Bike Trail by Bonnie Westbrook
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 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
Watermark Residences
December 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 $ 777,888.
The average Watermark Homes current price per sq ft is $ 230.96.
The average days on the market for active Watermark Homes is 84.
The high price is $ 2,700,000 and the low price is $ 179,800.
Sold:
There have been 6 Watermark Sold Homes this year.
The average Watermark Sold Homes price is $ 500,333.
The average Watermark Sold Homes price per sq ft is $191.68.
The average days on the market for Watermark Sold Homes is 71.
Pending: 1
At the current rate of sales, we have a 13.6 month supply of homes on
the market at the Watermark Residences.
If you would like further information about Watermark,
Cascade or Forest Hills Homes, please contact me directly.
Watermark Residences November 2007 Market Report
Watermark Residences October 2008 Market Report
Watermark Residences September 2008 Market Report
Watermark Residences August 2008 Market Report
Watermark Residences July 2008 Market Report
Watermark Residences June 2008 Market Report
Watermark Country Club ~ Pool Time
Grand Rapids – Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
photo of Watermark Residences Entrance by Bonnie Westbrook
