Grand Rapids Michigan Real Estate Blog

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Ada Michigan Dec 2008 Absorption Report ~ Ada Moorings

Ada Moorings is located off Grand River Drive, just east of Ada

and close to Ada Township Park. A recent development by

Eastbrook Builders, these quality built homes are in Forest

Hills Public School District.  Close to the village of Ada and not

far from the village of Cascade,this subdivision is near 28th

Street shopping, the Thornapple and the Grand Rivers.

 Bike path Ada Township Park in Ada MI

         Ada Moorings Market Report October 2008

            7 For Sale,  9 Sold, 1 Expired

 

Ada Moorings Active Listings: 7

Ada Moorings average active price - $248,486

Ada Moorings average active price /SqFt - $ 126.50

Ada Moorings average days on market - 115

 

Ada Moorings SOLD Listings: 9

Ada Moorings average sold price - $ 243,322

Ada Moorings average sold price/SqFt - $ 125.69

Ada Moorings average sold days on market - 88

 

The Absorption Rate for Ada Moorings Homes is 9.3

months, which means if no new listings come on the

market it will take 9.3 months for the existing homes

to sell at the current rate of sales.

The average list price has dropped $20,000 in the last

quarter of the year, which means sellers are much closer

to the actual market price than they were before. 

The average sale price has dropped about $4000. 

 

Ada Moorings Market Report Oct 2008 

Ada Moorings Market Report Sept 2008

Ada Moorings Market Report Aug 2008

Ada Moorings Market Report July 2008

Ada Moorings Market Report June 2008

 

If you would like further information about the value of your Ada or

Grand Rapids Home, please contact me directly. 

If you would like these monthly reports emailed to you,

please send your email address and in which report you are interested

in receiving.

Grand Rapids MI Real Estate  - Westbrook Realty

Copyright 2008  All rights reserved

photo of the Grand River in Ada  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

________________________________________________________

 

 

 

0 comments • Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate • December 30 2008 03:39PM

Ada Michigan ~ Absorption Report Dec 2008 ~ Ada Woods Homes

Ada Woods is an established development of homes in Ada, Michigan,

 just west of Ada and south of Fulton Street (M46).  Ada Woods started

 out as an E.L. Ladd development,  but towards the end of the project

many lots were sold to other builders and completed by individual owners.

  The dates of building range from 1980's to 2005.  Most of the homes 

have more square footage and more amenities than Adacroft Commons,

its  adjacent neighborhood.  As with Adacroft Commons, there is designated

common land in the development that remains heavily wooded and in a

natural state.   This development is in the Forest Hills School System and

 close to several private schools.    

     Ada Woods Real Estate  Absorption Report

                 December 2008

       6 Sold, 4 For Sale, 8 Expired

Ada MI Headley St Fall 2008 

Ada Woods Active Listings: 4

Ada Woods Average Active Price - $ 332,425

Ada Woods Average Active Price/SqFt - $132.53

Ada Woods Average Days on Market - 149

Ada Woods SOLD Listings: 6

Ada Woods Average Sold Price -$ 313,567

Ada Woods Average Sold Price/SqFt - $121.37

Ada Woods Average Sold Days on Market - 119

Ada Woods Expired Listings: 8

Ada Woods Average Expired Price - $ 300,900

Ada Woods Average Expired Price/SqFt - $ 132.48 

Ada Woods Average Expired Days on Market - 158

 

The absorption rate for Ada Woods Homes is 8 months, which

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

8 months at the current rate of sales to sell the existing homes

inventory.

  

MARKET SYNOPSIS: As you can see by the numbers, average sold

price has lowered about $ 27,000 since last month. The average asking

 price has lowered a tiny bit, but not enough to get buyers off the fence.

The expired number is up which tells me that some sellers have given up

 trying to get their asking price. 

If you don't have your Ada Woods home priced around $ 120.00 a sq ft,

you will be waiting for a stronger sellers market to sell your home.

 

Ada Woods Market Report June 2008

Ada Woods Market Report July 2008

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

Ada Woods Market Report Nov 2008

 

If you have any questions about Grand Rapids or Ada Homes,

please contact me directly.

Grand Rapids Ada MI Real Estate - Westbrook Realty

 Copyright 2008  All Rights Reserved

Headley St in Ada Mi photo 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

________________________________________________________

 

 

 

0 comments • Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate • December 29 2008 06:46PM

Ada Michigan Real Estate Market Report ~ Nov 2007

         ADA MICHIGAN MARKET REPORT 

 As you can see in the graph below, the sales activity has remained constant

and even the cost per square foot has stayed relatively steady for the last few

years in Ada homes.  Even with this good news, the same story as in other local

areas, the downside is inventory. Currently we have 175 homes for sale. 

We have enough inventory to last one year if no one else decides to list their

 home and put it on the market.                                                                                

                                                                                                 

 Thornapple River View Ada MI

 For the consumer, this means: Buyers are in the driver's seat.

Hardly a news flash, but if you have been considering a move to Ada and

thought you couldn't afford it, think again. Even if you can't get as much out

 of your home as you would like to, the good news is that a move to Ada

Township will cost you almost the same as it would have 3 years ago.

Historically, we know this current trend will not last.  Home prices will rise

and hopefully, you won't have missed your opportunity to live in this wonderful

 community at a competitive price.  No one knows when this market will hit bottom

and start the climb up.  Ideally, you want to catch it going down, NOT UP! 

DON'T WAIT!!

Sales activity for Ada Township 2004 to 2007 Year to Date

Ada Homes currently on the market  175

2004  Ada Township Homes Sold    177

Avg sold price $ 323,926

Avg Cost /SqFT Main Floor    $141.00

2005   Ada Township  Homes Sold   173

Avg Sold Price $ 318,574

Avg Cost/SqFt  $ 139.00

2006    Ada Township  Homes Sold  170

Avg Sold Price $ 346,224

Avg Cost/SqFt  $147.00

2007   AdaTownship Homes Sold   132 (through 10/31/07)

Avg Sold Price $ 334,878

Avg Cost /SqFt $ 144.00

 

 

If you have any questions about the value of your Ada Home, please

contact me directly.

                           

  Grand Rapids Ada Real Estate  ~ Five Star Real Estate

photo of 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

________________________________________________________

 

 

 

2 comments • Terry+Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate • November 02 2007 08:09AM