Forest Hills (Ada Cascade) MI Real Estate Absorption Report

Forest Hills is actually a school district in AdaCascade 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 Feb 1, 2009  to June 30, 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 19.22 months, which means if no

new listings come on the market, it will take 19.22 months to sell the existing

$ 300K+ homes at the current rate of sale.  This rate is up from last

month, sold prices are still inching downward.  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.

 

$300,000+ Homes

237 Active Forest Hills Listings

Average price of $611,882

Average price/square foot $198.88

Low price of $300,000

High price of $2,700,000.

Sold Forest Hills Listings 53

Average sold price $475,835

Average Sold price/sq ft $ 161.96

Lowest sold price $300,000

Highest sold price $1,325,000

Pending Listings 21

Forest Hills Active Listings $74,000 – $300,000

The Absorption rate for Forest Hills homes in this price range is 7.3

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

current rate of sales, it will take 7.3 months to sell all current inventory.

This is up slightly from last month, but still within normal range.

 

Forest Hills Active Listings 219

Average Active  Price $207,556

Average Active Price/SqFt $117.88

Average Active Days on the Market  113

High Active Price $300,000

Low Active Price $74,900

Sold Forest Hills Listings 127

Average Sold Price  $189,179

Average Sold Price/sq ft $97.44

Average Sold Days on the Market 97 Days

High Sold Price  $300,000

Low Sold price is $53,000

Pending Sales 52

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 slight reduction in average sold price and price per sq ft.  With

more active listings coming on the market this summer, this will not

help current inventory sell faster or for more money.

 

Forest Hills MI Top Best Buy Homes ~ June 2009

 Forest Hills Market Report May 2009

Forest Hills Michigan Public Schools Update 2009

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly:

email: terry@terrywestbrook.com

ph. 1-888-240-1968 x 0

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

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