Grand Rapids Michigan Real Estate Blog

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Grand Rapids MI Real Estate Market Report Nov 2008 ~ Tamarron Estates in Cascade Township

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.

 

              Tamarron Residential Real Estate  

                       November 2008 Market Report

                      5 Sold,  6 For Sale, 7 Expired                                

 

Ada MI covered Bridge over Thornapple River

Tamarron Active Listings: 6

Tamarron Average Active Price - $ 546,217

Tamarron Average Active Price/SqFt - $ 143.68

Tamarron Average Active Days on Market - 139

 

Tamarron  SOLD Listings: 5

Tamarron  Average Sold Price - $ 339,480

Tamarron Average Active Price/SqFt - $ 98.11

Tamarron Average Sold Days on Market - 63

 

Tamarron Expired Listings: 7

Tamarron Average Expired Price - $ 265,629

Tamarron Average Expired Price/SqFt - $ 112.74

Tamarron Average Expired Days on Market - 124

 

234 homes have sold in Cascade Township in 2008

Average home selling price is $306,712

At the current selling rate, we have a 13 month supply of homes on the

market in Tamarron in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that

some sellers would like to see. Today's market is accepting homes under

$100.00 a sq ft. This is a price reduction for this area.  As you can see,

most sellers think their homes will sell at $ 140 a sq ft. This isn't happening.

Even the expired listings aren't selling at $ 112.00 a sq ft. If you have to

sell your Tamarron Estates home now, the market place is telling you that

you need to be at $ 100 a sq ft or less to see your home sell.

 

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000. 

 The majority (82%)live in a single family home, and the median

 value is  $220,00.  Household incomes in Cascade Township are the

 highest among surrounding Grand Rapids areas at $ 87,290.  Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

 

Tamarron Estates Market Report June 2008

Tamarron Estates Market Report July 2008

Tamarron Estates Market Report August 2008

Forest Hills Market Report Sept 2008

Tamarron Estates Market Report Oct 2008

 

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly.

 

Grand Rapids -Ada Real Estate ~ Westbrook Realty Copyright 2008 All rights reserved

 Photo of Covered Bridge over Thornapple River 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

OUR FLICKR PHOTOSTREAM

________________________________________________________

 

 

 

Comment balloon 0 commentsTerry & Bonnie Westbrook • December 01 2008 11:54AM
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