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Grand Rapids Michigan Neighborhood Real Estate Report - Tammarron Estates April 2010

 

Grand Rapids  Michigan 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.

2 swans on Watermark pond

                     Tamarron Residential Real Estate

                       Jan-April 2010 Market Report

                      2 Sold,  6 For Sale, 1 Pending, 1 Expired

Tamarron Active Listings: 6

Tamarron Average Active Price – $ 511,300

Tamarron Average Active Price/SqFt – $ 135.25

Tamarron Average Active Days on Market – 44

Tamarron  SOLD Listings: 2

Tamarron  Average Sold Price - $ 209,500

Tamarron Average Sold Price/SqFt – $ 78.38

Tamarron Average Sold Days on Market – 92

Tamarron Expired Listings: 1

 

At the current selling rate, we have a 9 month supply of homes

on the market in Tamarron Estates 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 $100.00 a sq ft. This is a substantial price reduction for

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

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

January might be distressed sales or foreclosed homes. List prices

have been reduced but not to a realistic price for buyers.

The Absorption rate of 9 months is high for the Forest Hills area.

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

place is telling you that you need to be around $100 a sq ft and

in good condition to see your home sold successfully.

Forest Hills Michigan Real Estate Market Reports  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

Photo of Swan Pair 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.  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

OUR FLICKR PHOTOSTREAM

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Comment balloon 0 commentsTerry & Bonnie Westbrook • May 06 2010 10:57AM
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