You are currently browsing the daily archive for May 31, 2009.

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since 2000.

There is a new proposed 80 condo units – Villas of Ada going in next

door and Stone Falls of Ada – a 210 unit apartment complex, currently

under  construction a short distance away on Spaulding Ave.

Both of these new developments are quite close to Adacroft Commons

and Forest Hills Gardens.  Forest Hills Gardens subdivision is between

Hall Street and Ada Drive just west of the Forest Hills Central High

School complex. 

                     Forest Hills Gardens Market Report May 2009

                                      1 Sold,  3 For Sale, 1 Expired

Janpanese Maple Ada Michigan

The absorption rate for Forest Hills Gardens is 15 months, which

means if no new listings come on the market it will take 15 months

for the existing inventory of homes to sell at the current rate of sale.

 

Active Forest Hills Gardens Listings: 3

Average list price is $ 182,300

Average time on market is 77 days.

Average list cost/SqFt is $88.23

 

Forest Hills Gardens Sold Homes :1

Average Sold Price: $160,000

Average price/Sq Ft: $87.82

Average days on the market: 159 days.

 

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

 

If you have questions about Forest Hills or Ada homes,

please contact me directly: 1-888-240-1968 ext 0 or

terry@terrywestbrook.com

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2008 All rights reserved

Japanese Maple photo by Bonnie Westbrook

Advertisements

Catamount properties are in the rolling hills adjacent to the

Grand River in the northern section of Ada Township in a gated

community with privacy and wooded acreage.  Executive style

homes with lots of room for entertaining and all the custom extras

that make a home luxurious are the norm here.  If you  are

searching for a prestigious address, this could be what you are

looking for, as it is one of the most affluent neighborhoods in the

Grand Rapids area. 

Grand River Ada Michigan

                      Catamount Market Report May 2009

                   4 For Sale,  2 Sold, 4 Expired, 2 Pending

Catamount Active Listings: 4

Catamount average active price – $800,725

Catamount average active price /SqFt – $ 227.03

Catamount average days on market – 290

Catamount SOLD Listings: 2

Catamount average sold price $ 466,000

Catamount average sold price/SqFt – $ 160.03

Catamount average sold days on market – 32

Catamount Pending Listings: 2

The Absorption Rate for Catamount Homes is 5 months, which means if

no new listings come on the market it will take 5 months for the existing

homes to sell at the current rate of sales.  The average sold price dropped

in 2008 and into 2009.  The average list price is $300,000 over current

selling price.  Only 4 homes sold in the last 5 months, which means buyers

are scarce in this segment of the market.  The foreclosure nightmare has

found this neighborhood, as well as more modest homes.  These sales

reflect the bank repossessed home sales, which are distressed, even in

this market price range.  No area of the real estate market has been

spared this price degradation and it affects the average selling price.

 

Forest Hills Michigan Top Best Buy Homes May 2009

Forest Hills Michigan ~ Public School Update May 2009

Forest Hills Michigan Absorption Report ~ May 2009

Forest Hills Michigan Absorption Report ~ April 2009

 

If you would like further information about the value of an Ada or

Grand Rapids Home, please contact me directly at:

1-888-240-1988 ext 0 or email: terry@terrywestbrook.com

 

Grand Rapids MI Real Estate  – Westbrook Realty

Copyright 2009  All rights reserved

photo of the Grand River in Ada  by Bonnie Westbrook

Grand Rapids Photos

Categories

May 2009
M T W T F S S
« Apr   Jun »
 123
45678910
11121314151617
18192021222324
25262728293031
Advertisements