You are currently browsing the daily archive for January 26, 2009.

 

Forest Hills is actually a school district in Ada Cascade MI. This market

is always active. These Grand Rapids suburban communities have

wonderful neighborhoods, some new and some older with prestigious

 Forest Hills Public Schools, and private schools, such as Ada Christian

that attract many home owners. 

This report will cover the Sept 1 to Jan 26, 2009 real estate market activity.

Forest Hills Eastern High school Ada Township MI

       

      Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 16.23 months, which means

if no new listings come on the market, it will take 16.23 months to sell

the existing homes at the current rate of sale.  This rate is up from last

month, sold prices are about the same. Fewer listings and sales this

month, the average list price is lower for this upper end category.

There is still a disconnect between average listed price/sqft and average

sold price/sqft of about $40/sqft.

 

There are 211 Active Forest Hills Listings in the over $300,000 category

with an average price of $649,207.   The Average price per square foot of

Active Listings is $200.70 with a low price of $300,000 & a high price of

$2,700,000.

There have been 54 Sold Forest Hills Listings in the over $300,000

category with an Average price of $478,126.  The Average Sold price

per square foot is $ 161.09. The lowest sold price is $309,900 & the

highest sold price is $850,000. 

There are 11 Pending Forest Hills Listings in this category.

 

    Forest Hills Listings $100,000 to $300,000

The Absorption rate for Forest Hills homes in this price range is 8.2

months, which means that if no new homes enter the market, at the

current rate of sales, it will take 8.2 months to sell all current inventory.

There are 192 Forest Hills Active Listings in Ada -Cascade with an

Average Price of  $212,186.  The Average Active Price/SqFt is $120.63

and the Average Active Days on the Market are 119.  The High Active

Price is $300,000 and the Low Active Price is $101,800.

 

There have been 90 Sold Forest Hills Listings in the last 5 months.  The

Average Sold Price is $197,706 with the Average Sold Price per square foot

at $105.87.  Average Sold Days on the Market is 121 Days.  The high Sold

price is $299,900 & the low sold price is $104,500.  There are 27 Pending

Sales in this category.

 

Market Synopsis: Although the absorption rate is one of the lowest in

the area, for the under 300K homes, this market area seems to be

similar to last month. Fewer active listings, and average list prices are

inching slightly downward. Average sold price has stayed almost the

same although more homes sold this month than last.

 

Ada Cascade Market Report December 2008

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Home, please contact me directly.

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Grand Rapids Ada Real Estate  Five Star Real Estate LLC

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

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