Grand Rapids Michigan Real Estate Blog

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Cascade Township MI Watermark Residences ~ April 2009 Absorption Report

The Residences at Watermark are located on Watermark Golf Course  just

south of Cascade Road.   Yes, I play Watermark golf course every chance

I get.  Watermark is a premier course with a friendly group of players. 

It  has an excellent grounds staff and a great pro shop staff, as well. 

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

 watermark residences entrance grand rapids mi

                              Watermark Residences

                 April 2009 Real Estate Market Report

For Sale: 8

There are 8 active Watermark Homes  currently on the market.

The average Watermark Homes current active price is $ 745,763

The average Watermark Homes current price per sq ft is $ 251.25

The average days on the market for active Watermark Homes is 176

The high price is $ 2,700,000 and the low price is $ 179,800.

 

Sold: 3

There have been 3 Watermark Sold Homes since Sept 1, 2008.

The average Watermark Sold Homes price is $ 461,667 

The average Watermark Sold Homes price per sq ft is $184.38

The average days on the market for Watermark Sold Homes is 73.

Pending: 0

Expired: 12

 

At the current rate of sales, we have a 21.33 month Absortion rate at the

Watermark Residences.  This means that it will take 21.33 months for the

current listed homes to sell based on the current rate of sales.

 

 Additional articles about Watermark Residences:

Watermark Residences March 2009 Market Report

Watermark Residences December 2008 Market Report

Watermark Country Club

Watermark CC Golf Pro ~ Mark Wilson

Watermark Country Club ~ Pool Time

The Grille Restaurant at Watermark

 

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0

terry@terrywestbrook.com 

 

Grand Rapids - Ada Real Estate  - Westbrook Realty

Copyright 2009  All rights reserved

photo of Watermark Residences Entrance 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.  Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.

 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 • April 21 2009 08:29PM

Forest Hills Michigan Absorption Report ~ Hidden Hills ~ March 2009

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids. 

Home construction started here in the 1960's housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban sub-

division area has been a desirable  place to live in the Grand Rapids home

market for many years. 

Tassell Pak Path 3

                          Hidden Hills, Cascade Township

                     Residential Real Estate Market Report

                                 March 2009

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

 

Hidden Hills Active Listings 6

Hidden Hills Average Active Price: $ 301,767

Hidden Hills Average Active Price Per Sq Ft: $ 121.84

Hidden Hills Active Average Days on Market: 71

Hidden Hills Sold Homes 2

Hidden Hills Average SOLD Price: $ 172,500

Hidden Hills Average SOLD Price Per Sq Ft: $ 83.08

Hidden Hills Average SOLD Days on the Market: 112

Hidden Hills Pending Homes: 1

Hidden Hills Expired Homes: 1

Hidden Hills Average Expired Price: $ 400,000

Hidden Hills Average Expired Price Per Sq Ft: $129.87

Hidden Hills Average Expired Days on the Market: 160

 

The current absorption rate is  21 months, which means we have

 a 21 month supply of homes in the Hidden Hills market, IF no new

 homes enter the market and homes sell at the current rate. 

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

dropped  about $100K and about $20 /SqFt in the last 9 months.

Time on the market has decreased slightly and we have had 2 homes

 sell since the first of the year.  Prices selling way below 2004 prices

is sobering news for Hidden Hills sellers but solid homes available at bargain

prices for buyers who want Forest Hills School District.

Sellers:  You can't get top price if your condition is vintage 1980's.

Today's buyers have too many choices to settle for outdated homes.

 

Forest Hills School District Average Sold Home Prices last 5 years: 

2008 - $ 279,709

2007 - $ 269,445

2006 - $ 300,691

2005 - $ 282,173

2004 - $ 268,072

 

 

Hidden Hills Market Report Oct 2008

Forest Hills MI  Market Report Nov 2008

Hidden Hills Absorption Report Jan 2009

 

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly. 

Grand Rapids - Ada Real Estate - Westbrook Realty 

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park 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.  Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.

 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

6 comments • Terry Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate • March 31 2009 04:59PM

Forest Hills Michigan Absorption Report ~ March 2009

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 Sept 1, 2008  to March 29, 2009 real estate

market activity.

Forest Hills Eastern High school Ada Township MI

          Forest Hills MI Listings over $300,000

 

The absorption rate for Forest Hills MI is 18.9 months, which means if no

new listings come on the market, it will take 18.9 months to sell the existing

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

prices are about the same. 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.

 

There are 224 Active Forest Hills Listings in the over $300,000 category with

an average price of $628,678.   The Average price per square foot of Active

Listings is $201.55 with a low price of $300,000 & a high price of $2,700,000.

There have been 69 Sold Forest Hills Listings in the over $300,000 category

with an Average price of $491,382.  The Average Sold price per square foot is

$ 163.75. The lowest sold price is $309,900 & the highest sold price is

$1,325,000.  There are 14 Pending Forest Hills Listings in this category.

  

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

The Absorption rate for Forest Hills homes in this price range is 8.56

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

current rate of sales, it will take 8.56 months to sell all current inventory.

 

There are 197 Forest Hills Active Listings with an Average  Price

of  $214,962.  The Average Active Price/SqFt is $120.32 and the

Average Active Days on the Market are 123.  The High Active Price is

$300,000 and the Low Active Price is $104,900.

There have been 124 Sold Forest Hills Listings in the last 7 months.  The

Average Sold Price is $193,873 with the Average Sold Price per square foot

at $102.24.  Average Sold Days on the Market is 109 Days.  The high Sold

 price is $299,900 & the low sold price is $104,500.  There are 37 Pending

Sales in this category.

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.

 

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.

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Grand Rapids Ada Real Estate  ~ Westbrook Realty

Copyright 2009  All rights reserved

Photo of Forest Hills Eastern High School 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.  Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.

 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 • March 29 2009 09:50PM