Cascade Neighborhood Absorption Report

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970’s to the mid 1980’s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

Leslie E Tassell Park Cascade MI

                     Tamarron Residential Real Estate 

                       August 2009 Market Report

                      2 Sold,  7 For Sale, 6 Expired

Tamarron Active Listings: 7

Tamarron Average Active Price – $ 417,671

Tamarron Average Active Price/SqFt – $ 131.93

Tamarron Average Active Days on Market – 96

Tamarron  SOLD Listings: 2

Tamarron  Average Sold Price $ 202,000

Tamarron Average Sold Price/SqFt – $ 79.07

Tamarron Average Sold Days on Market – 66

Tamarron Expired Listings: 6

Tamarron Average Expired Price – $ 533,150

Tamarron Average Expired Price/SqFt – $ 146.55

Tamarron Average Expired Days on Market – 147

At the current selling rate, we have a 28 month supply of homes

on the market in Tamarron in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $80.00 a sq ft. This is a substantial price reduction for

this area.  As you  can see, the current sellers think their homes

will sell at $ 130-150/sq ft.  The two homes that have sold since

January might be distress sales or foreclosed homes. List prices

have been reduced but still not a lot of activity in this area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be under $100 a sq ft or

less to see your home sold.

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%)live in a single family home, and the median

value is  $220,00.  Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290.  Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

Cascade Township Michigan Real Estate  2009

 

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly:  terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Grand Rapids Real Estate Westbrook Realty

Copyright 2009 All rights reserved

Photo of Leslie Tassell Park by Bonnie Westbrook

Advertisements