Grand Rapids Michigan Real Estate Blog

Grand Rapids Michigan is a very diverse community with all levels of homes

in the city and in the suburbs surrounding Grand Rapids.  Because all the

various communities offer different options and amenities, they are not exactly

the same in home sales. Our market reports for surrounding areas can give

you a good idea of general market activity.  We have gathered all the suburban

reports we published for March 2009 in this one post for easy reference.

 

Caledonia Michigan March Market Report

East Grand Rapids Michigan March Market Report

Forest Hills Michigan March Market Report

Grand Rapids Township March Market Report

Kentwood Michigan March Market Report

Lowell Michigan March Market Report

Rockford Michigan March Market Report

Wyoming Michigan March Market Report

 

 

Grand Rapids Real Estate ~ Westbrook Realty

Copyright 2009 All rights reserved

Van Andel Museum Photo by Terry Westbrook

Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of  Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada's Clements Mill has seen steady to declining values in the short

time it has been built out.  This is largely due to the current over

abundance of houses for sale in a soft resale market. 

 

                Clements Mill  Market Report

                     January 2009

           23 Sold,  7 For Sale, 12 Expired

Clements Mill Active Listings: 7

Average Active Price: $250,371

Average Active Price/SqFt: $121.52

Average Active Days on Market: 64

 

Clements Mill Sold Listings: 23

Average Sold Price: $275,421

Average Sold Price/SqFt: $122.27

Average Days on Market: 103

 

Clements Mill Expired Listings: 12

Average Expired Price: $263,408

Average Expired Price/SqFt: $ 126.19

Average Expired Days on Market: 165

 

Absorption Rate for Clements Mill homes is averaging

1.9 sold homes per month for 2008/2009 to date.

With 7 current listings, there is a 3.6 month supply.

 

Clements Mill Market Report Nov 2008

Clements Mill Market Report Sept 2008

Clements Mill Market Report July 2008

Clements Mill Market Report June 2008

 

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

 2000. There is a new proposed 80 condo units - Villas of Ada

and Stone Falls of Ada - a 210 unit apartment complex, currently

open & under construction here.  The Stone Falls of Ada apartment

projectis adjacent to Clements Mill.  Both are scheduled for

completion by spring 2009.

If you have detailed questions about Ada Homes, Forest Hills Homes or

 just need further information, please contact me directly.

 

Grand Rapids Ada MI  Real Estate   Westbrook Realty

Copyright 2009  All rights reserved

Ada Drive Walking Trail Photo by Bonnie Westbrook

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. There is a new proposed 80 unit condo site - Villas of Ada

and Stone Falls of Ada - a 210 unit apartment complex, currently

 under construction here. Both of these new developments are quite

 close to Adacroft Commons.

 

                   Adacroft Commons Real Estate

                   January  2009 Market Report

            9 Sold, 0 For Sale, 10 Expired

Adacroft Commons Active Listings: 0

Adacroft Commons Active Price - $

Adacroft Commons Active Price/SqFt - $

Adacroft Commons Active Days on Market -

 

Adacroft Commons SOLD Listings: 9

Adacroft Commons average sold price - $ 165,222

Adacroft Commons average sold price/SqFt - $97.49

Adacroft Commons average sold days on market -78

 

Adacroft Commons Expired Listings: 10

Adacroft Commons average expired price - $ 186,410

Adacroft Commons average expired price/SqFt - $ 134.36

Adacroft Commons average days on market - 110

 

There are no current homes for sale in Adacroft Commons

listed on the local MLS board.  This is an extremely desirable area

to live, with its close proximity to Forest Hills Central Middle &

High Schools.  In the above stats you can see the $20,000

disconnect between sellers and buyers, or $36 /SqFt. on the

main floor.  If you would like to sell in this market, you have to

be priced at the current market price, not 2004 prices, IF you want

to sell your home.  

 

Forest Hills MI Market Report Dec 2008 Adacroft commons

Adacroft Commons Market Report Oct 2008

Adacroft Commons Market Report Aug 2008

 

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly. 

 If you would like to receive these monthly reports in your inbox,

 please contact us or subscribe to our RSS feed.

 

Grand Rapids Ada MI Real Estate - Westbrook Realty

Copyright 2009 All rights reserved

Adacroft Commons Entrance Photo by Bonnie Westbrook

The Quail Crest Condo development is located west of Spaulding

 and north of Burton Street in Cascade Township.  There is an

entrance off Spaulding Avenue and off Burton Street. This condo

development was started in the late 1980's and continued building

into the late 1990's. 

The condos are spacious with cathedral ceilings and many have

finished lower levels with extra bedrooms and baths. This area

has been very attractive for retirees, as they are close to all the

local amenities and shopping but no house maintenance. Forest

Hills Public Schools are the school district,Watermark Country Club,

Forest Hills  & 28th Street shopping are a short distance away.

 The miles of Cascade-Ada Bike/Walking Trail

connects to downtown Cascade, downtown Ada, and 28th St. 

  Quail Crest Condominiums Real Estate  Market Report  

                         January 2009

              3 Sold,  8 For Sale, 2 Pending, 5 Expired

 

Quail Crest Condos Active Listings: 8

Quail Crest Condos Average Active Price - $191,000

Quail Crest Condos Average Active Price/SqFt - $ 136.61

Quail Crest Condos Average Active days on market - 157

 

Quail Crest Condos Sold Listings: 3

Quail Crest Condos average sold price - $274,167

Quail Crest Condos average sold price/SqFt - $ 167.48

Quail Crest Condos average days on market - 89

 

Quail Crest Condos Expired Listings: 5

Quail Crest Condos average expired price - $202,160

Quail Crest Condos average price/SqFt - $ 147.35

Quail Crest Condos average days on market - 146

 

 The absorption rate for Quail Crest Condos is 20 months, which

means if no new listings come on the market, it will take 20 months

for the current inventory of homes to sell at the current rate of sales.

This is very high for the Grand Rapids Market, which means either prices

are too high for today's buyer, or there is a glut of condos on the market.

 

 

Quail Crest Condos Dec 2008  Market Report

 Quail Crest Condos Oct Market Report

Quail Crest Condos Sept Market Report

Quail Crest Condos July Market Report

 

 

If you have further questions about Grand Rapids or

Cascade MI Condos, please contact me directly.  We can

also have these monthly market reports emailed to your

inbox, just contact us.

 

Grand Rapids Ada MI Real Estate  - Westbrook Realty

Copyright 2009  All rights reserved

photo of Quail Crest Entrance by Bonnie Westbrook

Centennial Park Meadows Condominiums are located just off 28th Street

and Thornapple River Dr. in Cascade, Michigan. The Condos wrap around

the  Centennial Golf Course and community.

This private par 70 golf course has plenty of challenges for golfers at

 every level.  This community also has a clubhouse and restaurant for

members.

 We have relocated several clients into this community and they find it a

 wonderful place to live. Just minutes from 28th Street & Cascade shopping,

 dining and amusements, you are centrally located but tucked away from

the bustle of the area for quiet, serene living and easy access to golf.

                          Centennial Park Meadows Condos 

                             Real Estate Market Report

                                    January 2009

               13 For Sale,  0 Pending,  6 SOLD, 13 Expired

 

Centennial Condos Active Listings: 13

Centennial Condos Active Average Price - $265,385

Centennial Condos Active average $/SqFt - $ 135.19

Centennial Condos Active average days on market - 121

 

Centennial Condos Sold Listings: 6

Centennial Condos Sold average price - $ 117,342

Centennial Condos Sold average $/SqFt - $ 79.07

Centennial Condos Sold average days on market - 69

 

Centennial Condos Expired Listings: 13

Centennial Condos Expired average price - $ 240,115

Centennial Condos Expired average $/SqFt - $ 143.98

Centennial Condos Expired average days on market - 160

 

The Absorption Rate for Centennial Park Condos is 19.5 months,

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

19.5 months for the existing condos to sell at the current rate

of sales.  This is a high number for Grand Rapids, which reflects the

weak market for condos, over priced listings, or a combination

of both, which I believe is the case. [Note the disconnect between

the Expired price/SqFt and Sold price/SqFt].

 

Centennial Park Condos Market Report Dec 2008

Centennial Park Condos Market Report Oct 2008

Centennial Park Condos Market Report Sept 2008

Centennial Park Condos Market Report August 2008 

 

If you would like information about Grand Rapids - Cascade MI Condos

 or Grand Rapids - Cascade MI Homes, please contact me directly. 

If you would like this report emailed to your inbox every month, please

contact us.

Grand Rapids - Ada Real Estate - Westbrook Realty

 Copyright 2009  All rights reserved

photo of Golf Equipment by Bonnie Westbrook

The Residences at Watermark are located on Watermark

Golf Course  just south of Cascade Road.   If you don't like golf, 

get defensive when a stray golf ball rolls into your "yard" you probably

 would be better off not buying a home or condo at Watermark.

Of course you would be missing out on the best golf course in

 Grand Rapids (no prejudice  here, just the facts, folks)

Yes, I play Watermark golf course every chance I get.

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

 We have anexcellent grounds staff and a great pro shop staff.

Watermark single family homes and condos make this

 a very attractiveplace to live. Quality built homes with access

off Cascade Road andSpaulding Drive, you are close to the

airport, 28th Street shopping,I96 expressway and close to

Cascade, Ada, and Forest Hillsschools and shopping areas.

                 

       Watermark Residences           

January 2009 Real Estate Market Report

For Sale: 7

 7 active Watermark Homes  currently on the market.

 Watermark Homes current active price: $ 809,743

 Watermark Homes current price/sq ft is $ 240.39

 Watermark Homes  average days on market : 109

Sold: 7

There have been 7 Watermark Sold Homes since Jan ‘08.

Watermark Sold Homes  average price: $ 500,333. 

 Watermark Sold Homes  average price/sq ft: $191.68.

Watermark Sold Homes average days on market: 71

 Pending: 1 

Expired: 17

Average expired price: $538,047

Average expired price/sqft: $210.49 

At the current rate of sales, we have a 12 month supply of homes on

the market at the Watermark Residences.  Until active prices start to

align with sold prices, we don't expect to see much activity in this area. 

 

If you would like further information about Watermark,Cascade

or Forest Hills Homes, please contact me directly.  

 

Watermark Residences December 2008 Market Report

Watermark Residences November 2008 Market Report

Watermark Residences October 2008 Market Report

Watermark Residences September 2008 Market Report

Watermark Country Club ~ Pool Time 

 

Grand Rapids - Ada Real Estate  -

Copyright 2009  All rights reserved Westbrook Realty

photo of Watermark Residences Entrance 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 January 2009

For Sale: 7

East Village Homes average list price: $ 456,943

East Village average price/sqft (main floor): $ 166.49

East Village average days on the market: 29 days

 

Sold: 10

East Village SOLD homes average price: $ 464,900.

East Village SOLD homes average price/sqft: $161.71.

East Village SOLD homes average days on market: 86 days

 

Expired: 9

East Village expired homes average price: $441,933

East Village expired homes average price/sqft: $167.66

 

East Village Homes are selling, if priced correctly.  Buyers are

paying about $160/SqFt on the main floors.

The absorption rate for East Village is 8.4 months, which means

 if no new homes enter the marketplace, it will take 8.4 months

 for the current home inventory to sell. If you don't need to sell

 your East Village home now, I would recommend you take it

off the market. Overpriced homes are not selling.

 

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 2008  All rights reserved

photo of Ada Bike Trail  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 Sept 1, 2008  to Jan 26, 2009 real estate

market activity.

 

 

             Forest Hills MI Listings over $300,000

The absorption rate for Forest Hills MI is 16.23 months, which means if no

new listings come on the market, it will take 16.23 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. Fewer listings and sales this month, the average

 list price is lower for this upper end category. There is still a disconnect

 between average listed price/sqft and average sold price/sqft of about

 $40/sqft.

 

There are 211 Active Forest Hills Listings in the over $300,000 category with

an average price of $649,207.   The Average price per square foot of Active

Listings is $200.70 with a low price of $300,000 & a high price of $2,700,000.

 

There have been 54 Sold Forest Hills Listings in the over $300,000 category

with an Average price of $478,126.  The Average Sold price per square foot is

$ 161.09. The lowest sold price is $309,900 & the highest sold price is

$850,000.  There are 11 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 8.2

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

current rate of sales, it will take 8.2 months to sell all current inventory.

 

There are 192 Forest Hills Active Listings in Ada -Cascade with an Average

 Price of  $212,186.  The Average Active Price/SqFt is $120.63 and the

Average Active Days on the Market are 119.  The High Active Price is

$300,000 and the Low Active Price is $101,800.

 

There have been 90 Sold Forest Hills Listings in the last 5 months.  The

Average Sold Price is $197,706 with the Average Sold Price per square foot

at $105.87.  Average Sold Days on the Market is 121 Days.  The high Sold

 price is $299,900 & the low sold price is $104,500.  There are 27 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 seems to be similar to last

month. Fewer active listings, and average list prices are inching slightly

downward. Average sold price has stayed almost the same although

more homes sold this month than last.

 

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 subsribe 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

Current Caledonia MI Real Estate Market Report

Absorption rate for Caledonia MI Market is  currently 9.6 months,

which means if no other homes come on the market, it will take

9.6 months for the current inventory to sell at the current

sales rate.

 

There are 133 current active listings, from $60,900 to $1,100,000 in

Caledonia MI.

20 Pending Home Sales, and 77 Sold Homes since July 1, 2008.

 

The current average Caledonia home listed price is much higher

(about $130K) than the average selling price.  This shows

that the upper end of the Caledonia  market is slow and the

lower end (under $200K) is selling.  Sold price per square foot

continues to slide downward. There are some excellent buys

in Caledonia, don't wait until they are gone.

 

Caledonia December 2008 Absorption Report

 

If you have any questions about Caledonia or Grand Rapids MI

homes,please contact me directly.

Grand Rapids  Ada Real Estate  ~ Westbrook Realty

Copyright  2009 All rights Reserved

Photo of Thornapple River at Ruehs Park by Bonnie Westbrook

Grand Rapids Township Real Estate Market Report

 

 

 

Current Absorption Rate for Grand Rapids Township homes is 13.17 months,

which means if no new listings come on the market, it will take 13.17 months

to sell the existing inventory of homes.

 

74 Sold & Pending Grand Rapids Township Homes since 9-1-08.

There are 195 Active listings currently for sale.

The average List price is $ 316,076.

The average SOLD price is $ 251,415.

 

If you have questions about Grand Rapids Township or Grand

Rapids homes, please contact me directly.

 

Grand Rapids -Ada Real Estate - Westbrook Realty

Copyright 2009  All rights reserved

Photo of Frederick Meijer Gardens Entrance by Bonnie Westbrook