Grand Rapids Michigan Real Estate Blog

Forest Hills (Ada Cascade) MI Real Estate Absorption Report

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 Feb 1, 2009  to May 28, 2009 real estate

market activity.

          Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 15.4 months, which means if no

new listings come on the market, it will take 15.4 months to sell the existing

$ 300K+ homes at the current rate of sale.  This rate is down from last

month, sold prices are still inching downward.  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.

$300,000+ Homes

 224 Active Forest Hills Listings

Average price of $624,021

Average price/square foot $200.57

Low price of $300,000

High price of $2,700,000.

Sold Forest Hills Listings 36

Average sold price $486,649

Average Sold price/sq ft $ 163.25

Lowest sold price $300,000

Highest sold price $1,325,000

Pending Listings 22

Forest Hills Active Listings $100,000 - $300,000

The Absorption rate for Forest Hills homes in this price range is 6.5

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

current rate of sales, it will take 6.5 months to sell all current inventory.

Forest Hills Active Listings 211

Average Active  Price $212,745

Average Active Price/SqFt $119.75

Average Active Days on the Market  108

High Active Price $300,000

Low Active Price $104,900

Sold Forest Hills Listings 80

Average Sold Price  $193,493

Average Sold Price/sq ft $98.74

Average Sold Days on the Market 101 Days

High Sold Price  $300,000

Low Sold price is $100,000

Pending Sales 49

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.

 

Forest Hills MI Top Best Buy Homes ~ May 2009

Forest Hills MI Top Best Buy Homes ~ April 2009

 Forest Hills Market Report April 2009

Ada Cascade Neighborhood Market Report March  2009

Forest Hills Michigan Public Schools Update 2009

 

If you would like specific information about an Ada Cascade or

Forest Hills MI Homes, please contact me directly:

email: terry@terrywestbrook.com

ph. 1-888-240-1968 x 0

Click here  ^ to subscribe to my Grand Rapids Blog

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

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 Feb 1, 2009  to April 28, 2009 real estate

market activity.

          Forest Hills MI Listings over $300,000

 

The absorption rate for Forest Hills MI is 17.3 months, which means if no

new listings come on the market, it will take 17.3 months to sell the existing

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

prices are up slightly. Inventory is ticking up, but sales are holding

fairly steady. Your Forest Hills 300K+ home has a good chance to sell if

it is in good condition and priced correctly.

 

 Active Forest Hills Listings -225

Average price - $633,519

Average price per square foot - $201.55

Low price - $300,000       High price - $2,700,000.

  Sold Forest Hills Listings - 23

 Average SOLD price - $539,372

 Average Sold price per square foot -$ 168.63

 Lowest sold price - $310,000    Highest sold price - $1,325,000

 Pending Forest Hills Listings - 16

  

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

The Absorption rate for Forest Hills homes in this price range is 6.28

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

current rate of sales, it will take 6.28 months to sell all current inventory.

 

There are 197 Forest Hills Active Listings

 Average  Price   $213,567. 

 Average Active Price/SqFt is $119.82

Average Active Days on the Market - 119

High Price - $300,000  Low Active Price - $104,900.

Sold Forest Hills Listings -58

Average Sold Price - $193,873 

 Average Sold Price per square footat $96.78 

Average Sold Days on the Market is 100 Days. 

High price is $299,900       low sold price - $100,000. 

 36 Pending Sales 

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.  Your home must be  priced competitively

and be in great condition to see the best offer from a Forest Hill buyer.

 

Ada Cascade Market Report March 2009

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.

Click here  ^ to subscribe to my Grand Rapids Blog

Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School by Bonnie Westbrook

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 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