Adatowne is a popular entry level home market in the Ada area of
the Greater Grand Rapids metropolitan area.
Part of the appeal is the proximity of Ada Elementary, Forest Hills
Central Middle and High Schools, Ada Christian Schools, St Roberts
School and being close to the village of Ada. Adatowne is an
established subdivision, started in the early 1970's by E.L. Ladd
Builders of Ada.
I have held many open houses in these new plats
and sold many of the homes as new construction - to be built.
If you doubt the power of your home as an investment, a basic
ranch (about 1000 sq ft) sold for $ 19,900 in 1975.
Adatowne Residential Neighborhood in Ada, Michigan
May 2009 Real Estate Market Report
4 Sold, 1 Pending, 2 For Sale
Adatowne Active Listings: 2
Adatowne Average Active price - $146,250
Adatowne Active average price/SqFt - $114.10
Adatowne Active average days on market - 130
Adatowne Pending: 1
Adatowne Sold Listings: 4
Adatowne Average Sold Price - $ 138,000
Adatowne Average sold price/SqFt - $ 103.84
Adatowne Average Sold days on market - 143
MARKET SYNOPSIS: Absorption Rate for Adatowne is 2 months,
which means it would take 2 months for the active listings to sell,
if no other homes entered the market, according to current sales
statistics. The market is hot in this neighborhood. This is the lowest
absorption rate of any local Grand Rapids neighborhood that on
which we do reports. Price per square foot is going up for both sold
and active listings. although it hasn't recovered to levels seen in 2004-
With the new trend of consumers downsizing and the popularity of
Forest Hills Schools, the real estate market should remain strong
and viable for Adatowne homes, as long as they are in "great
condition" and priced about $100 sq ft.
If you would like more information about Ada or Grand Rapids
Homes, please feel free to contact me directly.
Grand Rapids Ada MI Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
Photo of Ada MI 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. We believe: Grand Rapids is a Great Place to Live!
Contact Terry 616-292-7263