Cascade Neighborhood Absorption Report

Caravelle Village is an established subdivision built in the late 1960’s

and 1970’s just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township.  These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches.  A desirable

place to live with median priced homes, Forest Hills Public Schools, and

close to 28th shopping and restaurants. Originally built by a variety of

builders, the homes here are quality construction in a safe neighborhood

and close to the historic village of Cascade and Gerald Ford International

Airport.

Leslie E Tassell Park

           Caravelle Village Residential Real Estate

                       Jan-Dec 2009 Market Report


                   4 For Sale, 3 SOLD, 0 Pending, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price – $ 192,325

Caravelle Village Average Active Price/Sq Ft – $ 123.52

Caravelle Village Average Days on the Market – 239

Caravelle Village SOLD Listings: 3

Caravelle Village Average Sold Price – $ 176,000

Caravelle Village Average Sold price/SqFt – $ 111.30

Caravelle Village Average Sold Days on the Market – 74

Caravelle Village Pending Listings: 0

Caravelle Village Expired Listings: 4

At the current rate of sales, we have a 16 month supply of homes in

Caravelle Village, if no new homes come on the market.

 

MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since

January of this year.  The average listed price has risen by $20K since

summer, but buyers are still reluctant to purchase.

This has been a popular area for home buyers, but your home must be

in top notch condition and priced to sell in today’s market.  Note the difference

between average list price/sq ft and average sold price/sq ft above, this tells

the whole story.

Forest Hills Michigan Neighborhood Real Estate Market 2009

Grand Rapids Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

photo of Tassell Park at the Thornapple River by Bonnie Westbrook

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The authors of the this blog write about Grand Rapids Real Estate, the Greater Grand Rapids MI area, and what it is like to live in West Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

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Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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