You are currently browsing the daily archive for January 19, 2009.
Adatowne is a popular entry level home market in the Ada area of
the Greater Grand Rapids metropolitan area.
Part of the appeal is the proximity of Ada Elementary, Forest Hills
Central Middle and High Schools, Ada Christian Schools, St Roberts
School and being close to the village of Ada. Adatowne is an
established subdivision, started in the early 1970’s by E.L. Ladd
Builders of Ada.
I have held many open houses in these new plats
and sold many of the homes as new construction – to be built.
If you doubt the power of your home as an investment, a basic
ranch (about 1000 sq ft) sold for $ 19,900 in 1975.
Adatowne Residential Neighborhood in Ada, Michigan
January 2009 Real Estate Market Report
3 Sold, 2 Pending, 4 For Sale
Adatowne Active Listings: 4
Adatowne Average Active price – $147,650
Adatowne Active average price/SqFt – $113.16
Adatowne Active average days on market – 94
Adatowne Sold Listings: 3
Adatowne Average Sold Price – $ 138,300
Adatowne Average sold price/SqFt – $ 119.19
Adatowne Average Sold days on market – 47
MARKET SYNOPSIS: Not much has changed since last month.
We have one less home on the market, which has reduced the
average price. With the new trend of consumers downsizing,
the real estate market should remain strong and viable for
Adatowne homes, as long as they are in “great condition”
and priced at $110-120 a sq ft.
If you would like more information about Ada or Grand Rapids Homes,
please feel free to contact me directly.
Adatowne Market Report July 2008
Adatowne Market Report Aug 2008
Adatowne Market Report Sept 2008
Adatowne Market Report Oct 2008
Adatowne Market Report Nov 2008
Grand Rapids Ada MI Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
Photo of Ada MI fall foliage 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 Ada Christian & St Roberts private schools.
Ada Woods Real Estate Market Report
January 2009
6 Sold, 2 For Sale, 9 Expired
Ada Woods Active Listings: 2
Ada Woods Average Active Price – $ 278,950
Ada Woods Average Active Price/SqFt – $129.51
Ada Woods Average Days on Market – 142
Ada Woods SOLD Listings: 6
Ada Woods Average Sold Price -$ 313,567
Ada Woods Average Sold Price/SqFt – $121.37
Ada Woods Average Sold Days on Market – 119
Ada Woods Expired Listings: 9
Ada Woods Average Expired Price – $ 319,678
Ada Woods Average Expired Price/SqFt – $ 135.51
Ada Woods Average Expired Days on Market – 162
MARKET SYNOPSIS: The average sold price is the same as last month
but down about 8% from November. The average asking price has went
down about 20% from last month. The expired listings are up which tells
me that some sellers have given up trying to get their price for now.
If you don’t have your Ada Woods home priced about $ 120 a sq ft,
you will be waiting for a stronger sellers market to sell your home.
Ada Woods Market Report August 2008
Ada Woods Market Report Sept 2008
Ada Woods Market Report Oct 2008
Ada Woods Market Report Nov 2008
Ada Woods Market Report Dec 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
Fall Color photo in Ada Mi photo by Bonnie Westbrook
Grand Rapids Township Real Estate Market Report
Current Absorption Rate for Grand Rapids Township homes is 13.17 months,
which means if no new listings come on the market, it will take 13.17 months
to sell the existing inventory of homes.
74 Sold & Pending Grand Rapids Township Homes since 9-1-08.
There are 195 Active listings currently for sale.
The average List price is $ 316,076.
The average SOLD price is $ 251,415.
If you have questions about Grand Rapids Township or Grand
Rapids homes, please contact me directly.
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2009 All rights reserved
Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook
Rockford Michigan Real Estate Market Report
Current Absorption Rate for Rockford Michigan is 18.35 months on
average, which means if no new listings come on the market, it will take
18.35 months to sell current inventory.
The under $200K market is moving faster than the over $200K.
345 Active Listings in Rockford MI today.
132 Sold Rockford Homes since July 1, 2008 with high price
at $385,000 and the low price at $50,000.
22 Pending Home Sales since June 30, 2008 to date.
Average Rockford List Price: $ 245,443
Average Rockford Sale Price: $ 207,554
If you have any questions about a Rockford or Grand Rapids
MI homes, please contact me directly.
Grand Rapids -Ada Real Estate – Five Star Real Estate
Copyright 2008 All rights reserved
Photo of Downtown Rockford by Bonnie Westbrook
With all the technology, widgets, flyers, social media hype, it is easy to
overlook the obvious and the basic items on the web. I’m talking RSS.
I subscribe to RSS NEWS FEEDS and blogs because it is the fastest, most
efficient way to see if there is new info out there I want to read.
If you haven’t investigated or signed up for your news and blogs this way,
DO IT NOW!!!
Laura Bergells, on Chief Information Officer blog, has an excellent point by
point post on WHY and HOW you should use RSS.
RSS feeds not only update you quickly on what is being posted by your
favorite news sources & bloggers, it is also food for blogs. Let’s face it,
we all just disseminate information to each other. If you aren’t out there
gathering from the INFO TREE, you will have nothing new to interest
readers.
A great site for RSS Lists is www.Alltop.com.
Here is a typical page on Aviation for today.
So go ahead and RSS.
You will never go back to the old way of
searching out information by Google or Yahoo!
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2009 All rights reserved
The January Series is back at Calvin College this month. We have several
talks that we have attended already. Today, we have an offer we are
preparing and the wind chill is -18 Degrees. I decided to stay home and
listen live to the 1 hour presentation by film director, Robert Rooy, on
Microfinance – Changing lives in Poverty. Robert has filmed all over the
world for non-profits so they can tell their stories via film. He is an
accomplished director and donates his off time to helping non-profits film
in remote locations.
He recommends Kiva.org as a means to donate to microfinance small business
opportunities for poor people all over the planet. This system really works.
So I checked it out and I am now helping Mujeres Unidos Group in Peru.
I will get monthly updates on their progress, whether they pay the loan back
and just how it helps their lives. Ain’t the internet great?
You get to choose where your money goes, and you get updates on how
they are doing. Paypal makes the payment easy and safe.
Please go to Kiva.org and take a look. You can donate as little as $25.
You could make a difference in someone’s life today.
For the price of a lunch for the two of us, we can actually
help people rise out of poverty.
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2009 ~ All rights reserved
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