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
May 2009
6 Sold, 5 For Sale, 3 Expired
Clements Mill Active Listings: 5
Average Active Price: $262,900
Average Active Price/SqFt: $138.42
Average Active Days on Market: 113
Clements Mill Sold Listings: 6
Average Sold Price: $221,950
Average Sold Price/SqFt: $101.43
Average Days on Market: 89
Clements Mill Expired Listings: 3
Absorption Rate for Clements Mill homes is averaging
4 months, which is a low rate for Grand Rapids. List prices
are about $40K above sold prices, which could be why
days on the market are high for active listings.
Forest Hills Michigan Top Best Buy Homes May 2009
Forest Hills Michigan ~ Public School News Update May 2009
Forest Hills Michigan Absorption Report ~ May 2009
Forest Hills Michigan Absorption Report ~ April 2009
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
project is adjacent to Clements Mill.
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 1-888-240-1968 x 0
Grand Rapids Ada MI Real Estate Westbrook Realty
Copyright 2009 All rights reserved
Ada Drive Walking Trail Photo 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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
________________________________________________________
Doesn't seem like a lot of homes for sale, but looking at the stats, you can see that the 5 for sale this month are not the same 5 that were for sale last month. Most areas would love to see that kind of activity.
Todd, We have seen an increase in activity and well priced properties are selling reasonably fast.
With an absorption rate of 4 months for Clements Mill, it's surely a Seller's market there! Now, those are the numbers we ALL like to see!
Debe, We are moving in that direction but it is still a buyers market in several area.
I am getting all my monthly reports done right now as well Terry. Hope your Spring has been going well.
Bill, I think consistency is the name of the game doing it every month.