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The East Village subdivision off Ada Drive in Ada Township is a fairly
new development. The new housing construction started in 2005 and
is still continuing to date. You can buy a resale home or a new home
in this centrally located housing development. Near both public and
private schools, East Village is also close to Forest Hills and 28th
Street shopping areas. The Ada Bike or Walking Trail also connects
this area on Ada Drive with the village of Ada, Grand Rapids, and the
village of Cascade.
East Village is also close by the expressway for easy access to many
different parts of our greater Grand Rapids area. Large,
executive style homes with many amenities and extras are the rule in
this neighborhood. If you would like to start with a brand new house,
this may be the place for you to call home.
Real Estate Market Report East Village March 2009
For Sale: 5
East Village Homes average list price: $ 490,720
East Village average price/sqft (main floor): $ 183.23
East Village average days on the market: 49 days
Pending:1
Sold: 3
East Village SOLD homes average price: $ 398,333
East Village SOLD homes average price/sqft: $140.94
East Village SOLD homes average days on market: 86 days
Expired: 3
East Village expired homes average price: $434,933
East Village expired homes average price/sqft: $177.02
East Village Homes are selling, if priced correctly. Buyers are
paying about $140/SqFt on the main floors, which is down from
last summer’s prices.
The absorption rate for East Village is 2.85 months, which means
if no new homes enter the marketplace, it will take 2.85 months
for the current home inventory to sell.
East Village Market Report December 2008
Forest Hills Market Report November 2008
If you would like further information about East Village, Ada, or
Grand Rapids Homes, please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
photo of Ada Drive Walking Path by Bonnie Westbrook
Cascade Neighborhood Absorption Report
Caravelle Village is an established subdivision built in the late 1960’s
and 1970’s just south of Burton Street, east of Kraft Avenue and west
of Cascade Road in Cascade Township. These Grand Rapids Homes
have the traditional mix of two stories, tri-levels and ranches. A desirable
place to live with median priced homes, Forest Hills Schools, and close to
28th shopping and restaurants. Originally built by a variety of builders, the
homes here are quality construction in a safe neighborhood and close to
the historic village of Cascade and 28th Street shopping.
Caravelle Village Residential Real Estate
March 2009 Market Report
4 For Sale, 7 SOLD, 1 Pending, 3 Expired
Caravelle Village Active Listings: 4
Caravelle Village Average Active Price – $ 187,175
Caravelle Village Average Active Price/Sq Ft – $ 129.91
Caravelle Village Average Days on the Market – 210
Caravelle Village SOLD Listings: 7
Caravelle Village Average Sold Price – $ 183,071
Caravelle Village Average Sold price/SqFt – $ 128.21
Caravelle Village Average Sold Days on the Market – 62
Caravelle Village Pending Listings: 1
Caravelle Village Expired Listings: 3
Caravelle Village Average Expired Price – $193,200
Caravelle Village Average Expired Price/SqFt – $126.96
Caravelle Village Average Expired Days on the market – 97
At the current rate of sales, we have a 3.5 month supply of homes in
Caravelle Village, if no new homes come on the market.
MARKET SYNOPSIS: Not much new activity for Caravelle Village since
November of last year. The average listed price has dropped slightly,
but buyers are still reluctant.
This is a popular area for home buyers, but your home must be in top
notch condition and priced to sell in today’s market.
Caravelle Village Market Report August 2008
Forest Hills Schools Market Report Sept 2008
Caravelle Village Market Report Oct 2008
Ada Cascade Market Report Nov 2008
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
photo of Cascade Township Park & Thornapple River by Bonnie Westbrook
Current Wyoming Michigan Real Estate Market
The Absorption Rate for Wyoming MI Homes is
7 months supply, which means that if no new
homes enter the market, it will take 7 months
to deplete the existing inventory of homes.
There are currently 138 Active Listings in
Wyoming, Michigan.
Since Oct 1, 2008, there have been 117 SOLD
and Pending Wyoming MI Homes.
The high SOLD Price is $ 175,000 the low sold price is $ 50,000.
The average Sold Price is $ 87,828
Average Sold Price /Sq Ft is $75.95
The average List Price is $ 100,996
Average List Price/Sq Ft $ 92.99
Market Analysis: Wyoming homes continue to sell and the
absorption rate is fairly low for the Grand Rapids Area.
The bad news is that home prices continue to decline, going
down another 10% on average since December 2008.
Inventory is going down and this might drive prices up again.
If you are considering buying a Wyoming home, now is the
time. I believe we have hit bottom on the market this winter
and spring and summer will see decreased inventory and
less selection. This usually brings prices up.
If you have questions about your Wyoming MI or Grand Rapids
home, please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2009 All rights reserved
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