Current Real Estate Market Report East Grand Rapids Michigan

Second Quarter East Grand Rapids Real Estate Market Report

5 Month Absorption rate for East Grand Rapids MI housing market

 which means if no new listings come on the East Grand Rapids market, it will

take 5 months for the existing home inventory to sell.  The Absorption rate is

in normal range for East Grand Rapids homes.

 

There are 119 active listings on the East Grand Rapids market,

 a smaller inventory  than 3 months ago  ranging from

$67,000 to $3,500,000.

17 Pending Home Sales

53 Sold Homes with sold prices ranging from $ 72,800 to $ 1,050,000

 

Solds by Market Time

22 homes sold in the 0-30 days - 41.51%

9 homes sold in 31-60 days  - 16.98 %

9 homes sold in 61-90 days - 16.98%

6 homes sold in 91-120 days - 11.32 %

7 homes sold in 120+ days - 13.21%

The lower end of this market (under $300K) is the busy end

of the sales in the East Grand Rapids market.   Homes in the higher price

bracket are selling, but at a much slower rate and not at 2006 prices. 

The good news for sellers is that over 50% of the homes that are priced

correctly are seeing 92-93% of list price and selling in less than 60 days.

 

Other Blog articles about East Grand Rapids:

East Grand Rapids Real Estate Market Reports

East Grand Rapids Michigan ~ America’s Hometown

Free Friday Night Movies in the Park

 

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Forest Hills Michigan Waterfront Homes June 2010

 

Current market conditions have brought home prices down

to levels we haven't seen in many years. All price levels

and market sectors have been affected.

Now is a great time to purchase a Waterfront Home.

We have a list of 38 homes with private water frontage,

and over 25% of them are under $300,000.

 

Grand River Ada Michigan

             Address                                Price

 2201 Shady Dr NE                $   85,000

2733 Thornapple River Dr   $  159,900

8210 Cascade Rd SE             $  159,900

2286 Dean Lake Ave NE       $ 164,900

2693 Thornapple River Dr   $ 184,900

 

 2780 Thornapple River Dr     $ 189,900

920 Paradise Lake Dr SE      $ 215,000

 3557 Tricklewood Dr            $ 280,000

7249 Dennison Dr SE           $ 290,000

274 Pettis Ave SE                $ 295,000

 

       7180 Cascade Rd SE               $ 324,900

       7474 Alaska Rdg SE                $ 335,000

       8585 Lilly Ridge Dr SE            $ 349,500

       6727 Burger Dr SE                  $ 399,000

       3468 Goodwood Dr SE            $ 412,800

 

      4061 Maracaibo Shores Dr       $ 425,000

      3010 Thornapple River Dr       $ 425,900

      1875 Forest Shores Dr SE        $ 475,000

      2561 Cascade Springs Dr SE     $ 488,000

      2850 Foxfire Ln SE                  $ 499,900  

 

     2278 Thornapple River Dr        $ 535,000

     7436 Ventura Dr SE                  $ 575,000

     2515 Cascade Springs Dr SE      $ 585,000

     1041 Thornapple River Dr SE    $ 594,500

     3402 Goodwood Dr SE               $ 698,000

 

     7369 Thornapple River Dr SE    $ 739,900

     7400 Ventura Dr SE                   $ 749,900

     7486 Alaska Rdg SE                    $ 799,000

     4970 Whitneyville Ave SE          $ 799,000

     8158 Wilderness Trail NE          $ 849,000

 

     4095 Reeds Lake Blvd SE          $ 999,900

     2465 Cascade Springs Dr SE      $1,175,000

     7303  Grachen Dr SE                 $1,385,000

     7421 Kenrob Dr SE                   $1,440,000

     1960 Steketee Woods Ln SE    $1,599,000

 

     7101 Gladys Dr SE                    $1,695,000

     5470 Egypt Valley Blvd            $1,750,000

     4069 Reeds Lake Blvd             $1,790,000

 

If a leisure lifestyle appeals to you, this may be the perfect time

 to make your move.  I am always available for questions or details

concerning Michigan waterfront real estate. 

 1-888-240-1968 X 6   Ask for Terry

Grand Rapids Real Estate ~ Westbrook Realty

Copyright 2010 All rights reserved

Grand River photo by Bonnie 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 a short 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 housing

economy where all area homes have suffered a decline in value. This

subdivision continues to be a desired location for local residents.

 

 

 

Clements Mill  Market Report   Jan - April 2010

          3  Sold,  0 Pending, 5 For Sale, 3 Expired

Clements Mill Active Listings: 5

Average Active Price: $279,520

Average Active Price/SqFt: $125.22

Average Active Days on Market: 51

Clements Mill Sold Listings: 3

Average Sold Price: $213,967

Average Sold Price/SqFt: $124.61

Average Days on Market: 125

Clements Mill Expired Listings:3

Absorption Rate for Clements Mill homes is averaging

4 months, which is a low rate for the Grand Rapids area.

Average list price is higher that average sold price,

which means that the current active homes are probably 

larger than the sold homes, as price per square foot is similar.

 

Additional Forest Hills Michigan Articles:

Forest Hills Michigan Real Estate Reports 2010

Search for Forest Hills MI Homes

If you have detailed questions about Ada Homes, Forest Hills

 Homes or  just need further information, please contact me

directly:  terry@terrywestbrook.com  or call 1-616-292-7263

photo by Bonnie Westbrook

 

Contact Terry if you are looking for a Forest Hills MI home, we can

get the newest listings into your inbox! 

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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

                                   Jan - April 2010

                        0 For Sale,  0 Pending,  7 SOLD

Centennial Condos Active Listings: 0

Centennial Condos Active Average Price - $0

Centennial Condos Active average $/SqFt – $ 0

Centennial Condos Active average days on market – 0

Centennial Condos Sold Listings: 7

Centennial Condos Sold average price – $ 160,036

Centennial Condos Sold average $/SqFt – $ 97.72

Centennial Condos Sold average days on market – 174

Low Sold Price – $ 83,000

High Sold Price – $ 300,000

 

 This market is seeing sales in 2010 and with no condos on the market,

it is difficult to say how long before a new listing would sell, most

likely quickly, if priced correctly. 

The average sold price is slightly lower than it was last year but the one

obviously distressed sale brings the averages down.

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 Real Estate – Westbrook Realty

Copyright 2009  All rights reserved

photo of Golf Equipment 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 current phase.

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

                         Jan-April 2010

  6 For Sale, 0 Pending, 1 Sold, 3 Expired

Quail Crest Condos Active Listings: 6

Quail Crest Condos Average Active Price – $273,300

Quail Crest Condos Average Active Price/SqFt – $ 170.06

Quail Crest Condos Average Active days on market - 82

Quail Crest Condos Sold Listings: 1

Quail Crest Condos average sold price – $132,900

Quail Crest Condos average sold price/SqFt – $ 106.92 

Quail Crest Condos average days on market – 83

The absorption rate for Quail Crest Condos is 18  months, which

means if no new listings come on the market, it will take 18 months

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

This is high for the Grand Rapids Market.  The  average sold price

and the price per square foot for the one home that sold is much

lower than last year’s sold price average of $ 175,000.

We have seen some sellers renting instead of selling, waiting for a

return to a seller’s market.  That may be the route to take, if you can

play the role of landlord successfully.

Forest Hills MI Real Estate 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.

 

photo of Quail Crest Entrance by Bonnie Westbrook

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

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

2000. The new 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

                   Jan-April  2010 Market Report

                  2 Sold, 2 For Sale, 3 Expired, 0 Pending

Adacroft Commons Active Listings: 2

Adacroft Commons Active Price – $172,450

Adacroft Commons Active Price/SqFt – $113.17

Adacroft Commons Active Days on Market -155

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 150,750

Adacroft Commons average sold price/SqFt – $87.61

Adacroft Commons average sold days on market –117

 

 

Market Synopsis: Adacroft Commons Homes are selling for under

$100/SqFt.  The neighborhood Absorption Rate is 3 Months, sales

activity has slowed considerably and prices are lower than last year.

The key is “Home Condition”.  If you still have the 1970’s and 80’s

kitchen, baths, and decor, you aren’t going to get top dollar for

your Adacroft home.  If your home is priced appropriately,

you have the best chance of selling in this buyer’s market.

Forest Hills Michigan Real Estate Market Reports  2010

If you have detailed questions or just need general information

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

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Adacroft Commons Entrance Photo by Bonnie Westbrook

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_____________________________________________________________________________________________________

 

 

Grand Rapids  Michigan Neighborhood Absorption Report

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970′s to the mid 1980′s, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

                     Tamarron Residential Real Estate

                       Jan-April 2010 Market Report

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

Tamarron Active Listings: 6

Tamarron Average Active Price – $ 511,300

Tamarron Average Active Price/SqFt – $ 135.25

Tamarron Average Active Days on Market – 44

Tamarron  SOLD Listings: 2

Tamarron  Average Sold Price - $ 209,500

Tamarron Average Sold Price/SqFt – $ 78.38

Tamarron Average Sold Days on Market – 92

Tamarron Expired Listings: 1

 

At the current selling rate, we have a 9 month supply of homes

on the market in Tamarron Estates in Cascade Township.

MARKET SYNOPSIS: Tamarron homes are selling but not at the

prices that sellers would like to see. Today’s market is accepting

homes under $100.00 a sq ft. This is a substantial price reduction for

this area.  As you  can see, the expired sellers think their homes

will sell at $ 130-150/sq ft.  The two homes that have sold since

January might be distressed sales or foreclosed homes. List prices

have been reduced but not to a realistic price for buyers.

The Absorption rate of 9 months is high for the Forest Hills area.

If you have to sell your Tamarron Estates home now, the market

place is telling you that you need to be around $100 a sq ft and

in good condition to see your home sold successfully.

Forest Hills Michigan Real Estate Market Reports  2009

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly:  terry@terrywestbrook.com or

call me at 1-888-240-1968 ext 0

Photo of Swan Pair by Bonnie Westbrook

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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.

                          Hidden Hills, Cascade Township

                     Neighborhood Real Estate Market Report

                              Jan-April 2010

                      2 For Sale, 2 Sold, 4 Pending, 1 Expired

Hidden Hills Active Listings 2

Hidden Hills Average Active Price: $ 242,500

Hidden Hills Average Active Price Per Sq Ft: $ 104.02

Hidden Hills Active Average Days on Market: 146

Hidden Hills Sold Homes 2

Hidden Hills Average SOLD Price: $ 349,000 

Hidden Hills Average SOLD Price Per Sq Ft: $ 114.05

Hidden Hills Average SOLD Days on the Market: 27

Hidden Hills Pending Homes: 4

Hidden Hills Expired Homes: 1

 

The current absorption rate for Hidden Hills  is  1 month, which

means we have a 1 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

bounced back somewhat from last year’s lows of under $90 a square

foot, but the average sold price is still declining.  Time on the market

has increased slightly and 6 homes have  sold since the first of the

year.

Forest Hills School District Average Sold Home Prices last 6 years:

2009 – $ 229,570

2008 – $ 279,709

2007 – $ 269,445

2006 – $ 300,691

2005 – $ 282,173

2004 – $ 268,072

Forest Hills Michigan Real Estate  2010

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly.

Copyright 2010  All rights reserved

photo of Leslie E Tassell Park by Bonnie Westbrook

 

The Residences at Watermark are located on Watermark Golf Course  just

south of Cascade Road.  Watermark is a premier course with friendly players,

plus with a golf course membership, you get to play 3 courses for the price

of one.  Watermark Country Club,  Sunnybrook Country Club in Jenison

and  StoneWater Country Club in Caledonia are all owned & managed by

the same  company.

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,

I-96 expressway and close to Cascade, Ada,  Forest Hills, and Grand Rapids.

 

                              Watermark Residences

                 Jan-April 2010 Real Estate Market Report

                      For Sale 7, Pending 0, Sold 0

Watermark Homes for Sale - 7

 Watermark Homes Average active price is $ 861,814

 Watermark Homes Average price/sq ft is $268.98 

Average days on the market for active Watermark Homes is 91

The high price is $ 2,700,000 and the low price is $ 399,900.

Sold: 0

There have been 0 Watermark Sold Homes since Jan 1, 2010.

Pending: 0

Expired: 0

It is very difficult to predict sales activity with no sales in this area

for the past 7 months. Higher priced homes are seeing long marketing

times due to buyer reluctance to purchase if prices are coming down

further.

Additional articles about the Watermark Residences:

Forest Hills Michigan Real Estate 2010

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

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Want to live close to nature, out of the city hustle and bustle?

This well maintained 3 bedroom, 3 bath ranch home locatedon 10 acres

of wooded land in Lowell, Michigan will be Open Sunday April 25, 2010

from 3-5 pm in the afternoon. 

 

A complete kitchen remodel, ceramic tile flooring, and bathroom updates

were done in 2007.  A heated workshop  and storage barn are additions

the owner has added.

 

 

Come out to see this comfortable home in the country on Sunday, April 25th,

2010 from 3-5 pm.          Listed at $ 247,000

Too Late ! Sale Pending!

 

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