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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
March 2009
8 Homes For Sale, 0 Pending, 4 SOLD, 12 Expired
Cascade Woods Active Listings: 8
Cascade Woods Active average price – $285,025
Cascade Woods Active average $/SqFt – $112.48
Cascade Woods Active average days on market – 119
Cascade Woods Sold Listings: 4
Cascade Woods average sold price – $142,500
Cascade Woods average sold $/SqFt – $ 61.80
Cascade Woods average sold days on market – 80 days
Cascade Woods Expired Listings: 12
Cascade Woods Expired average price – $386,650
Cascade Woods Expired average $/Sq/Ft – $ 135.77
Cascade Woods Expired average days on market – 187
The Absorption Rate for Cascade Woods Homes is 4 months,
Which means if no new listings come on the market, it will take
4 months to sell the existing inventory. The average sold price
per SqFt is half of the Active listings Price /SqFt. It could reflect
foreclosures and homes in poor condition that have sold over
the last 7 months.
Or it could be home condition which is slowing the sales of
older homes in this area. You can see that the expired listings
had their homes priced $100K over the average list price.
Will the spring market see an uptick in prices paid for Cascade
Woods 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 according to recent trends.
Cascade Woods December 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
Current Caledonia MI Real Estate Market Report
Absorption rate for Caledonia MI Market is currently 10.3 months,
which means if no other homes come on the market, it will take
10.3 months for the current inventory to sell at the current
sales rate. This is up slightly from last month.
There are 140 current active listings, from $54,900 to $1,100,000 in
Caledonia MI.
17 Pending Home Sales, and 78 Sold Homes since Sept 1, 2008.
The current average Caledonia home listed price is much higher
[about $317,583] than the average sold price [$178,164].
This shows me that the upper end of the Caledonia market is slow
to sell and the lower end (under $200K) is selling. Sold price per
square foot continues to slide downward. Homes are selling
and inventory has ticked up slightly. There are some excellent
buys in Caledonia, don’t wait until they are gone.
Caledonia February 2009 Absorption Report
Caledonia December 2008 Absorption Report
If you have any questions about Caledonia or Grand Rapids MI
homes,please contact me directly through my web site.
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2009 All rights Reserved
Photo of Caledonia High School by Bonnie Westbrook
This neat as a pin NE Grand Rapids Condo is coming on the market soon,
probably by the end of March. This condo has an open floor plan with
kitchen, eating area, dining room, living room, master bedroom,
1.5 baths, & den/office on the first floor. The lower level walkout
has a bedroom, family room, full bath and storage. Privacy views in
the backyard is a real plus for condo living. South facing with lots
of natural light, this condo will be available for viewing soon.
Contact me by email or phone: 1-888-240-1968 ext 0
Grand Rapids Ada Real Estate ~ Five Star Real Estate
Copyright 2009 all rights reserved
Current market conditions have brought home prices down to levels we haven’t
seen in several years. All price levels and amenities have been affected.
Now may be a great time to purchase a Waterfront Home.
I have included a list of over 10 homes in Kent County Michigan in the
$200,000 to $300,000 price range with private water frontage.
Grand River Ada Michigan
MLS# Address Price
736193 8820 60th St 209,900
747019 7744 Thornapple Bayou Dr 235,000
731690 7720 Thornapple Drive SE 259,900
734853 2474 Grand River Dr NE 274,900
738877 3001 Thorncrest Dr SE 275,000
731411 7349 Kilmer Dr SE 275,000
734203 61 Honeycreek Ave NE 279,900
747116 3683 Jupiter Ave NE 289,900
742964 9101 Parmeter Ave NE 295,000
746525 472 9 Mile Rd NE 299,900
If you are eligible for a first time buyer tax credit, buying this home could
be less than you think.
The above link will take you to an explanation of the 2009 tax credit and some
possible applications I have provided.
If a leisure lifestyle appeals to you, this may be the perfect time to make
your move. I am always available for questions or details concerning
Michigan real estate.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Grand River photo by Bonnie Westbrook
GRMiRealEstate's Weblog 