Grand Rapids Michigan Real Estate Blog

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Ada Michigan Real Estate Absorption Report ~ East Village ~ March 2009

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.

Ada mi bike trail

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

_____________________________________________

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

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 8 commentsTerry & Bonnie Westbrook • March 30 2009 11:05PM
Ada Michigan Real Estate Absorption Report ~ East Village ~ March 2009
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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… more
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