Adatowne is a popular entry level home market in the Ada area of

the Greater Grand Rapids metropolitan area.

Part of the appeal is the proximity of Ada Elementary, Forest Hills

Central Middle and High Schools, Ada Christian Schools, St Roberts

School and being close to the village of Ada. Adatowne is an

established subdivision, started in the early 1970’s by E.L. Ladd

Builders of Ada.

I have held many open houses in these new plats

and sold many of the homes as new construction – to be built.

If you doubt the power of your home as an investment, a basic

ranch (about 1000 sq ft) sold  for $ 19,900 in 1975.

Ada Drive Ada Michigan

Adatowne Residential Neighborhood in Ada, Michigan

        August 2009 Real Estate Market Report

                    1  Sold, 0 Pending, 2 For Sale

Adatowne Active Listings: 2

Adatowne Average Active price – $134,900

Adatowne Active average price/SqFt – $87.62

Adatowne Active average days on market – 34

Adatowne Pending: 0

Adatowne Sold Listings: 1

Adatowne Average Sold Price – $ 166,900

Adatowne Average sold price/SqFt – $ 78.73

Adatowne Average Sold days on market – 88

MARKET SYNOPSIS:  Absorption Rate for Adatowne is 8 months,

which means it would take 8 months for the active listings to sell,

if no other homes entered the market, according to current sales

statistics.    Price per square foot has went down for both sold

and active listings this summer.  The market here was brisk in the

winter and last spring but has slowed considerably this summer.

Not sure if this is an anomaly or due to home condition.

 

Ada Michigan Real Estate Reports  2009

 

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Grand Rapids Ada MI Real Estate Westbrook Realty

Copyright 2009 All rights reserved

Photo of Ada MI  by Bonnie Westbrook

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