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
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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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Terry
It looks like you are right across the pond from me in Wisconsin. The market is pretty good by you with the figures. Am I correct?
Thanks
Tom
This is a nice localism post. Good information for consumers. Goo dluck.
Terry--Nice report on the East Village in Forest Hills. Beautiful shot of the sidewalk...looks very inviting!
Tom, We do have some bright spots in our area and it appears to be getting better.
Gita: I think this is the type of information the consumer is looking for.
Teri: That is a shot one of our many bike paths in the area.
Terry good work keeping folks in your area up to speed with what is taking place in the market.
Bill: Thanks for the kind comments. It looks like the market is getting better.