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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 Top Ranked
Forest Hills Public Schools, and private schools, such as Ada Christian
& St Roberts that attract many home owners.
This report will cover the Sept 1, 2008 to March 29, 2009 real estate
market activity.
Forest Hills MI Listings over $300,000
The absorption rate for Forest Hills MI is 18.9 months, which means if no
new listings come on the market, it will take 18.9 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. Inventory is ticking up, but sales are holding
fairly steady. Your Forest Hills home has a good chance to sell if it is in
good condition and priced correctly.
There are 224 Active Forest Hills Listings in the over $300,000 category with
an average price of $628,678. The Average price per square foot of Active
Listings is $201.55 with a low price of $300,000 & a high price of $2,700,000.
There have been 69 Sold Forest Hills Listings in the over $300,000 category
with an Average price of $491,382. The Average Sold price per square foot is
$ 163.75. The lowest sold price is $309,900 & the highest sold price is
$1,325,000. There are 14 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 8.56
months, which means that if no new homes enter the market, at the
current rate of sales, it will take 8.56 months to sell all current inventory.
There are 197 Forest Hills Active Listings with an Average Price
of $214,962. The Average Active Price/SqFt is $120.32 and the
Average Active Days on the Market are 123. The High Active Price is
$300,000 and the Low Active Price is $104,900.
There have been 124 Sold Forest Hills Listings in the last 7 months. The
Average Sold Price is $193,873 with the Average Sold Price per square foot
at $102.24. Average Sold Days on the Market is 109 Days. The high Sold
price is $299,900 & the low sold price is $104,500. There are 37 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 is still seeing
some reduction in sold price and price per sq ft. With more active listings
coming on the market in the spring, this will not help current inventory
sell faster or for more money.
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 Homes, please contact me directly.
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Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of Forest Hills Eastern High School by Bonnie Westbrook
Current Real Estate Market Report For East Grand Rapids Michigan
march 2009 Absorption rate for East Grand Rapids MI housing
market is currently at 11.66 months, which means if no new listings
come on the East Grand Rapids market, it will take 11.66 months
for the existing home inventory to sell.
There are 154 active listings on the East Grand Rapids market now,
ranging from $109,899 to $2,039,000.
18 Pending Home Sales w/ prices ranging from $ 99,900 to $ 2,495,000.
75 Sold Homes with sold prices ranging from $ 25,000 to $ 912,500
since Sept 1, 2008 in the East Grand Rapids housing inventory.
The lower end of this market (under $300K) has seen 2/3 of the sales
in the last seven months. Since this market has such a wide range of
home prices, it is difficult to analyze. The higher priced listings are
selling, as well as the bargains below $100,000. The lowest priced
listing is now over $ 100,000 which we haven’t seen for over 6 months
here in the East Grand Rapids housing market.
East Grand Rapids December 2008 Absorption Report
If you have any questions about the value of your East GR home,
please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
Photo of East Grand Rapids Public Library by Bonnie Westbrook
Lowell Michigan Real Estate Market Report ~ March 2009
Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.
It has really grown in the last 20 years, in many ways. Lowell has a great
school system, a thriving business community, a lively arts society, and
is one of the best kept secrets in Kent County.
These are the statistics for home sales in the Lowell School District.
Lowell Michigan Absorption Report March 2009
Active Listings: 152 Active Listings
Average Price: $259,353
Price per Sq Ft: $128.58 (Main Floor only)
Average days on the Market: 93
PENDING: 20 homes
SOLD: 55 Sold Homes
Average Price: $ 131,478
Average Price Per Sq Ft: $ 78.63 (Main floor only)
Average Days on the Market: 47
Expired: 43 Expired listings
Average Expired Price: $216,756
Average Price Per Sq Ft: $132.56 (Main floor only)
Average Days on the Market: 109
Absorption Rate for Lowell Listings is 14.2 months for the
current housing inventory. If no other homes enter the market, it
will take 14.2 months for the current homes to sell at the current
rate of sales.
Lowell Homes that are priced competitively are selling and selling
fairly quickly compared to the greater Grand Rapids area.
As you can see by the statistics, the homes that have their price
per square foot under $80 are seeing the most activity. There are
quite a few foreclosure or short sale homes which are bringing
down the average sales price and square footage rates lower than
they might normally be.
Some sellers have retired from the market and will try again soon,
filling an already saturated market.
They might find a better buying market, but prices are
still on the downward trend. Today’s buyer is looking for a
well priced bargain in great condition.
If you would like additional information about Lowell
Area Homes, please contact me through email or my web site.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
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