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 Michigan 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 2010 first quarter real estate market activity,

which we have broken down into 3 separate price categories, which

have very different markets emerging for 2010 totals.

Forest Hills Eastern High school Ada Township MI

Forest Hills MI Listings $ 500,000+

Not much demand and lots of time on the market in the higher price

brackets of Forest Hills with a 20 month Absorption Rate, which

means it would take 20 months for the current inventory to sell.

Active Listings – 100

Average List Price – $ 843,635

Pending – 8

Sold – 7

Average sold price: $ 893,857

Average Sold/Sq Ft: $207.93

Forest Hills MI Listings  $250,001 – 499,999

The absorption rate for Forest Hills homes in this price

bracket is 7.4 months, which means if no new listings

come on the market, it will take 7.4 months to sell the

existing $250K-499K homes at the current rate of sale.

This rate is down significantly from  2009 rates, and sold

prices are inching upward. Inventory is up slightly, but

number of sales are holding fairly steady. We aren’t back

to a normal market time of 3-6 months yet, but we are

heading in that direction.

Forest Hills MI Active Listings $250,000 – $499,999

Active Forest Hills Listings: 156

Average list price of $358,671

Sold Forest Hills Listings: 31

Average sold price $346,244

Average Sold price/sq ft $ 151.27

Pending Listings: 32

Forest Hills Active Listings $50,000 – $250,000

The Absorption rate for Forest Hills homes in this price range is 6.8

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

current rate of sales, it will take 6.8 months to sell all current inventory.

This is up from last quarter, but still within normal range, a fast moving

area of the Grand Rapids real estate market.

Forest Hills Active Listings 139

Average List Price $178,575

Sold Forest Hills Listings 61

Average Sold Price  $ 181,467

Average Sold Price/sq ft $100.60

Pending Sales 55

Forest Hills RE Market Reports

Forest Hills Michigan Public Schools Face-lift 2009

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School 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