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Grand Rapids Michigan Neighborhood Absorption Report
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
Jan-April 2010 Market Report
2 Sold, 6 For Sale, 1 Pending, 1 Expired
Tamarron Active Listings: 6
Tamarron Average Active Price – $ 511,300
Tamarron Average Active Price/SqFt – $ 135.25
Tamarron Average Active Days on Market – 44
Tamarron SOLD Listings: 2
Tamarron Average Sold Price - $ 209,500
Tamarron Average Sold Price/SqFt – $ 78.38
Tamarron Average Sold Days on Market – 92
Tamarron Expired Listings: 1
At the current selling rate, we have a 9 month supply of homes
on the market in Tamarron Estates in Cascade Township.
MARKET SYNOPSIS: Tamarron homes are selling but not at the
prices that sellers would like to see. Today’s market is accepting
homes under $100.00 a sq ft. This is a substantial price reduction for
this area. As you can see, the expired sellers think their homes
will sell at $ 130-150/sq ft. The two homes that have sold since
January might be distressed sales or foreclosed homes. List prices
have been reduced but not to a realistic price for buyers.
The Absorption rate of 9 months is high for the Forest Hills area.
If you have to sell your Tamarron Estates home now, the market
place is telling you that you need to be around $100 a sq ft and
in good condition to see your home sold successfully.
Forest Hills Michigan Real Estate Market Reports 2009
If you have questions about the value of your Cascade or Forest Hills
Home, please contact me directly: terry@terrywestbrook.com or
call me at 1-888-240-1968 ext 0
Photo of Swan Pair by Bonnie Westbrook
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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.Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
The Ada area growth trends remain strong. Ada Township planner,
Jim Ferro states that the Ada population has grown by 20% since
2000. The new 80 unit condo site – Villas of Ada and Stone Falls of Ada
– a 210 unit apartment complex, currently under construction here.
Both of these new developments are quite close to Adacroft Commons.
Adacroft Commons Real Estate
Jan-April 2010 Market Report
2 Sold, 2 For Sale, 3 Expired, 0 Pending
Adacroft Commons Active Listings: 2
Adacroft Commons Active Price – $172,450
Adacroft Commons Active Price/SqFt – $113.17
Adacroft Commons Active Days on Market -155
Adacroft Commons SOLD Listings: 2
Adacroft Commons average sold price – $ 150,750
Adacroft Commons average sold price/SqFt – $87.61
Adacroft Commons average sold days on market –117
Market Synopsis: Adacroft Commons Homes are selling for under
$100/SqFt. The neighborhood Absorption Rate is 3 Months, sales
activity has slowed considerably and prices are lower than last year.
The key is “Home Condition”. If you still have the 1970’s and 80’s
kitchen, baths, and decor, you aren’t going to get top dollar for
your Adacroft home. If your home is priced appropriately,
you have the best chance of selling in this buyer’s market.
Forest Hills Michigan Real Estate Market Reports 2010
If you have detailed questions or just need general information
about Grand Rapids or Ada Homes, please contact me directly.
or call 1-888-240-1968 ext 0
Adacroft Commons Entrance Photo by Bonnie Westbrook
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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.
Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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 current phase.
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 Condominiums Real Estate Market Report
Jan-April 2010
6 For Sale, 0 Pending, 1 Sold, 3 Expired
Quail Crest Condos Active Listings: 6
Quail Crest Condos Average Active Price – $273,300
Quail Crest Condos Average Active Price/SqFt – $ 170.06
Quail Crest Condos Average Active days on market - 82
Quail Crest Condos Sold Listings: 1
Quail Crest Condos average sold price – $132,900
Quail Crest Condos average sold price/SqFt – $ 106.92
Quail Crest Condos average days on market – 83
The absorption rate for Quail Crest Condos is 18 months, which
means if no new listings come on the market, it will take 18 months
for the current inventory of homes to sell at the current rate of sales.
This is high for the Grand Rapids Market. The average sold price
and the price per square foot for the one home that sold is much
lower than last year’s sold price average of $ 175,000.
We have seen some sellers renting instead of selling, waiting for a
return to a seller’s market. That may be the route to take, if you can
play the role of landlord successfully.
Forest Hills MI Real Estate 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.
photo of Quail Crest Entrance by Bonnie Westbrook
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_____________________________________________________________________________________________________
The authors of the this blog write about Grand Rapids Real Estate, theGreater Grand Rapids MI area, and what it is like to live in West Michigan.Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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
Jan – April 2010
0 For Sale, 0 Pending, 7 SOLD
Centennial Condos Active Listings: 0
Centennial Condos Active Average Price - $0
Centennial Condos Active average $/SqFt – $ 0
Centennial Condos Active average days on market – 0
Centennial Condos Sold Listings: 7
Centennial Condos Sold average price – $ 160,036
Centennial Condos Sold average $/SqFt – $ 97.72
Centennial Condos Sold average days on market – 174
Low Sold Price – $ 83,000
High Sold Price – $ 300,000
This market is seeing sales in 2010 and with no condos on the market,
it is difficult to say how long before a new listing would sell, most
likely quickly, if priced correctly.
The average sold price is slightly lower than it was last year but the one
obviously distressed sale brings the averages down.
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
contact us.
Copyright 2010 All rights reserved
photo of Golf Equipment by Bonnie Westbrook
_____________________________________________________________________________________________________
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.
Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
The eighth Annual Tri River Museum Network will open their tour
of small museums in West Michigan on Saturday, Sunday May 1 & 2,
2010 from 11 am to 5 pm.
Admission to all 18 museums is free during the promotional event,
designed to generate interest in the local historical societies and
their offerings. Local museums on the tour include Averill Historical
Museum and restored barn in Ada; Cascade Museum, located in a
town hall built in 1898, Fallasburg Historical Village with a a one
room schoolhouse and Lowell Historical Museum featuring a virtual
tour and Victorian rooms.
Ada Historical Museum
Cascade Township Historical Museum
Lowell Historical Museum
Other Highlights along the tour are historical churches, a Masonic Temple,
a Gleaners Hall, restored train depots, restored Victorian Home, military
museum, a dormitory that house girls who worked in silk factories, a
restored storefront, and a historic village encompassing 300 acres.
Each museum has a little different local historical memorabilia and local
records on display. Maps and additional information can obtained at any
of the museums taking part in the “Spring Into the Past” Tour.
Google Map & List of Tri River Museums
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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.Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
