Catamount properties are in the rolling hills adjacent to the Grand River
in the northern section of Ada Township in a gated community with privacy
and wooded acreage. Executive style homes with lots of room for
entertaining and all the custom extras that make a home luxurious
are the norm here. If you are searching for a prestigious address,
this could be what you are looking for, as it is one of the most affluent
neighborhoods in the Grand Rapids area.
Catamount Market Report Jan-Dec 2009
4 For Sale, 5 Sold, 8 Expired
Catamount Active Listings: 4
Catamount average active price - $712,425
Catamount average active price /SqFt - $ 200.72
Catamount average days on market - 75
Catamount SOLD Listings: 5
Catamount average sold price - $ 592,350
Catamount average sold price/SqFt - $ 207.54
Catamount average sold days on market - 142
Catamount Pending Listings: 0
The Absorption Rate for Catamount Homes is 10 months, which means
if no new listings come on the market it will take10 months for the
existing homes to sell at the current rate of sales. The average sold price
dropped in 2008 and into 2009. The average list price is $100K higher
than current selling price. 5 homes sold in the last 12 months, with 4
homes for sale in this neighborhood. Prices have eroded from 3-4 years
ago as is typical all over the area.
Foreclosure and short sale homes have likely affected the average price.
Homes on the upper end of the market are slow to sell in the current
economy, as the 5 sold and 8 expired homes for this Ada neighborhood
shows.
Additional Ada & Forest Hills Articles:
Forest Hills Michigan Real Estate 2009
If you would like further information about the value of an Ada or
Grand Rapids Home, please contact me directly at:
1-888-240-1988 ext 0 or email: terry@terrywestbrook.com
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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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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