The East/West 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 to the I96 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 in Forest Hills,

this may be the place for you to call home.

Ada mi bike trail

Real Estate Market Report East-West Village August 2009

For Sale: 4

East Village Homes average list price: $ 464,725

East Village average price/sq ft (main floor): $ 175.63

East Village average days on the market: 63 days

Pending Sales : 1

Sold Homes : 5

East Village SOLD homes average price: $ 405,780

East Village SOLD homes average price/sq ft: $144.04

East Village SOLD homes average days on market: 108 days

Expired: 8

Market Synopsis: East -West Village Homes are selling, if priced correctly.

Buyers are paying from $115-160/SqFt on the main floors, which is down from

last summer’s prices.  New construction is priced higher, so an existing

home should be priced lower per square foot than a new one.

The absorption rate for East -West Village is 5.3 months, which means

if no new homes enter the marketplace, it will take 5.3 months

for the current home inventory to sell.  This is a great rate for the

Grand Rapids area and most likely is due to the location in Forest Hills

School District and new construction offered.

 

Forest Hills Central HS – Newsweek’s Top 1500 List  US High Schools

Forest Hills Michigan Real Estate 2009

 

If you would like further information about East or West 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 Bike Trail  by Bonnie Westbrook

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