Grand Rapids Michigan Real Estate Blog

The East 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 by the 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,

this may be the place for you to call home.

Real Estate Market Report East Village March 2009

For Sale: 5

East Village Homes average list price: $ 490,720

East Village average price/sqft (main floor): $ 183.23

East Village average days on the market: 49 days

Pending:1

Sold: 3

East Village SOLD homes average price: $ 398,333

East Village SOLD homes average price/sqft: $140.94

East Village SOLD homes average days on market: 86 days

Expired: 3

East Village expired homes average price: $434,933

East Village expired homes average price/sqft: $177.02

 

East Village Homes are selling, if priced correctly.  Buyers are

paying about $140/SqFt on the main floors, which is down from

last summer's prices.

The absorption rate for East Village is 2.85 months, which means

 if no new homes enter the marketplace, it will take 2.85 months

 for the current home inventory to sell.

 

East Village Market Report December 2008

Forest Hills Market Report November 2008

 

If you would like further information about East 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

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 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 28th Street shopping.

           Caravelle Village Residential Real Estate

                       March 2009 Market Report

                   4 For Sale, 7 SOLD, 1 Pending, 3 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price - $ 187,175

Caravelle Village Average Active Price/Sq Ft - $ 129.91

Caravelle Village Average Days on the Market - 210

 

Caravelle Village SOLD Listings: 7

Caravelle Village Average Sold Price - $ 183,071

Caravelle Village Average Sold price/SqFt - $ 128.21

Caravelle Village Average Sold Days on the Market - 62

 

Caravelle Village Pending Listings: 1

Caravelle Village Expired Listings: 3

Caravelle Village Average Expired Price - $193,200

Caravelle Village Average Expired Price/SqFt - $126.96

Caravelle Village Average Expired Days on the market - 97

 

At the current rate of sales, we have a 3.5 month supply of homes in

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

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year.  The average listed price has dropped slightly,

but buyers are still reluctant.

This is a popular area for home buyers, but your home must be in top

notch condition and priced to sell in today's market.

 

Caravelle Village Market Report August 2008

Forest Hills Schools Market Report Sept 2008

Caravelle Village Market Report Oct 2008

Ada Cascade Market Report Nov 2008

 

Grand Rapids -Ada Real Estate - Westbrook Realty

 Copyright 2009  All rights reserved

photo of Cascade Town Hall Gardens by Bonnie Westbrook

Current Wyoming Michigan Real Estate Market

 

     The Absorption Rate for Wyoming MI Homes is 7 months, which means

that if no new homes enter the market, it will take 7 months to deplete the

 existing inventory at the current rate of sales.

 

                        

 

 

 There are currently 138 Active Listings in Wyoming, Michigan.

 Since Oct 1, 2008, there have been 117 SOLD and Pending

Wyoming MI Homes.

The high SOLD Price is $ 175,000 the low sold price is $ 50,000.

 

The average Sold Price is $ 87,828

 Average Sold Price /Sq Ft is $75.95

The average List Price is $ 100,996

Average List Price/Sq Ft $ 92.99

Market Analysis: Wyoming homes continue to sell and the absorption rate is

fairly low for the Grand Rapids Area.

The bad news is that home prices continue to decline, going down another 10%

on average since December 2008.  Inventory is going down and this might drive

prices up again.  If you are considering buying a Wyoming home, now is the

time.  I believe we have hit bottom on the market this winter and spring and

summer will see decreased inventory and less selection. 

 This usually brings prices up.

 

If you have questions about your Wyoming MI or Grand Rapids

 home, please contact me directly.

 

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009 All rights reserved

Forest Hills is actually a school district in Ada Cascade MI. This market

 is always active. These Grand Rapids 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 Sept 1, 2008  to March 29, 2009 real estate

market activity.

          Forest Hills MI Listings over $300,000

 

The absorption rate for Forest Hills MI is 18.9 months, which means if no

new listings come on the market, it will take 18.9 months to sell the existing

homes at the current rate of sale.  This rate is up from last month, sold

prices are about the same. Inventory is ticking up, but sales are holding

fairly steady. Your Forest Hills home has a good chance to sell if it is in

good condition and priced correctly.

 

There are 224 Active Forest Hills Listings in the over $300,000 category with

an average price of $628,678.   The Average price per square foot of Active

Listings is $201.55 with a low price of $300,000 & a high price of $2,700,000.

There have been 69 Sold Forest Hills Listings in the over $300,000 category

with an Average price of $491,382.  The Average Sold price per square foot is

$ 163.75. The lowest sold price is $309,900 & the highest sold price is

$1,325,000.  There are 14 Pending Forest Hills Listings in this category.

  

  Forest Hills Listings $100,000 to $300,000

The Absorption rate for Forest Hills homes in this price range is 8.56

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

current rate of sales, it will take 8.56 months to sell all current inventory.

 

There are 197 Forest Hills Active Listings with an Average  Price

of  $214,962.  The Average Active Price/SqFt is $120.32 and the

Average Active Days on the Market are 123.  The High Active Price is

$300,000 and the Low Active Price is $104,900.

There have been 124 Sold Forest Hills Listings in the last 7 months.  The

Average Sold Price is $193,873 with the Average Sold Price per square foot

at $102.24.  Average Sold Days on the Market is 109 Days.  The high Sold

 price is $299,900 & the low sold price is $104,500.  There are 37 Pending

Sales in this category.

Market Synopsis: Although the absorption rate is one of the lowest in

the area, for the under 300K homes, this market area is still seeing

some reduction in sold price and price per sq ft.  With more active listings

coming on the market in the spring, this will not help current inventory

sell faster or for more money.

 

Ada Cascade Market Report December 2008

Ada Cascade Market Report October 2008

Ada Cascade Market Report Sept 2008

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly.

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Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

Current Real Estate Market Report For East Grand Rapids Michigan

Absorption rate for East Grand Rapids MI housing market is currently

at 11.29 months, which means if no new listings come on the

East Grand Rapids market, it will take 11.29 months for the existing

home inventory to sell.

There are 140 active listings on the East Grand Rapids market now,

ranging from $50,900 to $4,000,000.

12 Pending Home Sales w/ prices ranging from $ 48,000 to $ 369,000.

87 Sold Homes with sold prices ranging from $ 52,000 to $ 680,000

since July 1, 2008 in the East Grand Rapids housing inventory.

The lower end of this market (under $300K) has seen 2/3 of the sales

in the last seven months.

East Grand Rapids December 2008 Absorption Report

If you have any questions about the value of your East GR home,

please contact me directly. 

Grand Rapids Ada MI Real Estate ~ Westbrook Realty

copyright 2008 All rights reserved

Photo of East Grand Rapids Public Library by Bonnie Westbrook

Lowell Michigan Real Estate Market Report ~ March 2009

Lowell Michigan is located on the Flat River just east of Grand Rapids, MI.

It has really grown in the last 20 years, in many ways. Lowell has a great

school system, a  thriving business community, a lively arts society, and

is one of the best kept secrets in Kent County.

These are the statistics for home sales in the Lowell School District.

Lowell Michigan Absorption Report  March 2009

Active Listings: 152 Active Listings

Average Price: $259,353

Price per Sq Ft: $128.58 (Main Floor only)

Average days on the Market: 93

PENDING: 20 homes

SOLD: 55 Sold Homes

Average Price: $ 131,478

Average Price Per Sq Ft: $ 78.63 (Main floor only)

Average Days on the Market: 47

Expired: 43 Expired listings

Average Expired Price: $216,756

Average Price Per Sq Ft: $132.56 (Main floor only)

Average Days on the Market: 109

 

Absorption Rate for Lowell Listings is 14.2 months for the

current housing inventory. If no other homes enter the market, it

will take 14.2 months for the current homes to sell at the current

rate of sales.

Lowell Homes that are priced competitively are selling and selling

fairly quickly compared to the greater Grand Rapids area.

As you can see by the statistics, the homes that have their price

per square foot under $80 are seeing the most activity. There are

 quite a few foreclosure or short sale homes which are bringing

down the average sales price and square footage rates lower than

they might normally be.

Some sellers have retired from the market and will try again soon,

filling an already saturated market.

 They might find a better buying market, but prices are

still on the downward trend.  Today's buyer is looking for a

well priced bargain in great condition.

 

If you would like additional information about Lowell

Area Homes, please contact me through email or my web site.

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009     All rights reserved

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.

 

 Adatowne Residential Neighborhood in Ada, Michigan

        March 2009 Real Estate Market Report

                    4  Sold, 3 Pending, 3 For Sale

 Adatowne Active Listings: 3

Adatowne Average Active price - $158,433

Adatowne Active average price/SqFt - $105.14

Adatowne Active average days on market - 51

 

Adatowne Pending: 3

 

Adatowne Sold Listings: 2

 Adatowne Average Sold Price - $ 119,000

 Adatowne Average sold price/SqFt - $ 91.00

Adatowne Average Sold days on market - 40

 

MARKET SYNOPSIS:  Absorption Rate for Adatowne is 4.2 months,

which means it would take 4.2 months for the 3 active listings to sell,

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

statistics.  The price per square foot here really tells the story: Active

listings are averaging $ 105/sqft and sold are averaging $ 91/sqft.

With the new trend of consumers downsizing and the popularity of

Forest Hills Schools, the real estate market should remain strong

and viable for Adatowne homes, as long as they are in "great

condition" and priced at less than $100 sq ft.

 

If you would like more information about Ada or Grand Rapids

 Homes, please feel free to contact me directly.

 

 

Adatowne Market Report Sept 2008

Adatowne Market Report Jan 2009

 

Grand Rapids Ada MI Real Estate - Westbrook Realty

Copyright 2009 All rights reserved

Photo of Ada MI  by Bonnie Westbrook

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960's and 1970's, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple  River, this heavily wooded area has

 been a Grand Rapids desired suburban place to live for  decades. 

 Part of the Forest Hills School District, which draws many families,

there is also the river and it's picturesque appeal.  The drive down

Thornapple River Drive between Ada and Cascade in the fall is one

of the prettiest drives in the greater Grand Rapids area.

   Cascade Woods  Absorption Market Report  

                        March 2009

    8 Homes For Sale,  0 Pending,  4 SOLD, 12 Expired

 

Cascade Woods Active Listings: 8

Cascade Woods Active average price - $285,025

Cascade Woods Active average $/SqFt - $112.48

Cascade Woods Active average days on market - 119

 

Cascade Woods Sold Listings: 4

Cascade Woods average sold price - $142,500

Cascade Woods average sold $/SqFt - $ 61.80

Cascade Woods average sold days on market - 80 days

 

Cascade Woods Expired Listings: 12

Cascade Woods Expired average price - $386,650

Cascade Woods Expired average $/Sq/Ft - $ 135.77

Cascade Woods Expired average days on market - 187

 

The Absorption Rate for Cascade Woods Homes is 4 months,

Which means if no new listings come on the market, it will take

4 months to sell the existing inventory.  The average sold price

per SqFt is half of the Active listings Price /SqFt.  It could reflect

 foreclosures and homes in poor condition that have sold over

 the last 7 months. 

 Or it could be home condition which is slowing the sales of

older homes in this area.  You can see that the expired listings

 had their homes priced $100K over the average list price. 

 Will the spring market see an uptick in prices paid for Cascade

 Woods homes?

 

Today's buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, new flooring. If your Cascade

Woods home hasn't  sold, it is probably condition,  which gets

us back to price.  If you don't want to improve your home, you

 won't get the same price as people who have updated and kept

their home current according to recent trends.

 

Cascade Woods December 2008 Market Report

 

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

 

Grand Rapids -Ada Real Estate - Westbrook Realty

 Copyright 2008  All rights reserved

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook

Current Caledonia MI Real Estate Market Report

Absorption rate for Caledonia MI Market is  currently 10 months,

which means if no other homes come on the market, it will take

10 months for the current inventory to sell at the current

sales rate.  This is up slightly from last month.

  

There are 136 current active listings, from $54,900 to $1,100,000 in

Caledonia MI.

17 Pending Home Sales, and 64 Sold Homes since Sept 1, 2008.

The current average Caledonia home listed price is much higher

[about $323,207] than the average sold price [$180,310]. 

 

This shows me that the upper end of the Caledonia  market is slow

 to sell and the lower end (under $200K) is selling.  Sold price per

square foot continues to slide downward. There are some excellent

buys in Caledonia, don't wait until they are gone.

 

Caledonia December 2008 Absorption Report

 

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly through my web site.

 

Grand Rapids  Ada Real Estate  ~ Westbrook Realty

Copyright  2009 All rights Reserved

Photo of Ruehs Park Caledonia Michigan by Bonnie Westbrook

Current market conditions have brought home prices down to levels we haven't

seen in several years. All price levels and amenities have been affected.

Now may be a great time to purchase a Waterfront Home.

I have included a list of over 10 homes in Kent County Michigan in the

$200,000 to $300,000 price range with private water frontage.

 

MLS#                     Address                                             Price

736193              8820 60th St                                     209,900

747019              7744 Thornapple Bayou Dr           235,000

731690              7720 Thornapple Drive  SE            259,900

734853              2474 Grand River Dr  NE            274,900

738877              3001 Thorncrest Dr   SE                 275,000

731411             7349 Kilmer Dr SE                           275,000

734203              61 Honeycreek Ave  NE                279,900

747116              3683 Jupiter Ave NE                      289,900

742964              9101 Parmeter Ave   NE               295,000

746525              472 9 Mile Rd NE                             299,900

 

If you are eligible for a first time buyer tax credit, buying this home could

 be less than you think.  The above link will take you to an explanation of

the 2009 tax credit and some possible applications I have provided.

If a leisure lifestyle appeals to you, this may be the perfect time to make

your move.  I am always available for questions or details concerning 

Michigan real estate.

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved