You are currently browsing the daily archive for May 31, 2009.
The Ada area growth trends remain strong. Ada Township planner,
Jim Ferro states that the Ada population has grown by 20% since 2000.
There is a new proposed 80 condo units – Villas of Ada going in next
door and Stone Falls of Ada – a 210 unit apartment complex, currently
under construction a short distance away on Spaulding Ave.
Both of these new developments are quite close to Adacroft Commons
and Forest Hills Gardens. Forest Hills Gardens subdivision is between
Hall Street and Ada Drive just west of the Forest Hills Central High
School complex.
Forest Hills Gardens Market Report May 2009
1 Sold, 3 For Sale, 1 Expired
The absorption rate for Forest Hills Gardens is 15 months, which
means if no new listings come on the market it will take 15 months
for the existing inventory of homes to sell at the current rate of sale.
Active Forest Hills Gardens Listings: 3
Average list price is $ 182,300
Average time on market is 77 days.
Average list cost/SqFt is $88.23
Forest Hills Gardens Sold Homes :1
Average Sold Price: $160,000
Average price/Sq Ft: $87.82
Average days on the market: 159 days.
Forest Hills Michigan Top Best Buy Homes May 2009
Forest Hills Michigan ~ Public School Update May 2009
Forest Hills Michigan Absorption Report ~ May 2009
Forest Hills Michigan Absorption Report ~ April 2009
If you have questions about Forest Hills or Ada homes,
please contact me directly: 1-888-240-1968 ext 0 or
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2008 All rights reserved
Japanese Maple photo by Bonnie Westbrook
Catamount properties are in the rolling hills adjacent to the
Grand River in the northern section of Ada Township in a gated
community with privacy and wooded acreage. Executive style
homes with lots of room for entertaining and all the custom extras
that make a home luxurious are the norm here. If you are
searching for a prestigious address, this could be what you are
looking for, as it is one of the most affluent neighborhoods in the
Grand Rapids area.
Catamount Market Report May 2009
4 For Sale, 2 Sold, 4 Expired, 2 Pending
Catamount Active Listings: 4
Catamount average active price – $800,725
Catamount average active price /SqFt – $ 227.03
Catamount average days on market – 290
Catamount SOLD Listings: 2
Catamount average sold price - $ 466,000
Catamount average sold price/SqFt – $ 160.03
Catamount average sold days on market – 32
Catamount Pending Listings: 2
The Absorption Rate for Catamount Homes is 5 months, which means if
no new listings come on the market it will take 5 months for the existing
homes to sell at the current rate of sales. The average sold price dropped
in 2008 and into 2009. The average list price is $300,000 over current
selling price. Only 4 homes sold in the last 5 months, which means buyers
are scarce in this segment of the market. The foreclosure nightmare has
found this neighborhood, as well as more modest homes. These sales
reflect the bank repossessed home sales, which are distressed, even in
this market price range. No area of the real estate market has been
spared this price degradation and it affects the average selling price.
Forest Hills Michigan Top Best Buy Homes May 2009
Forest Hills Michigan ~ Public School Update May 2009
Forest Hills Michigan Absorption Report ~ May 2009
Forest Hills Michigan Absorption Report ~ April 2009
If you would like further information about the value of an Ada or
Grand Rapids Home, please contact me directly at:
1-888-240-1988 ext 0 or email: terry@terrywestbrook.com
Grand Rapids MI Real Estate – Westbrook Realty
Copyright 2009 All rights reserved
photo of the Grand River in Ada by Bonnie Westbrook
