Cascade Woods is an established neighborhood of large, executive
style homes in Cascade Township, MI. Most of these homes were
built in the 1960's and 1970's, although there are a few newer
homes that were built recently in the area. Close to the village of
Cascade and the Thornapple River, this heavily wooded area has
been a Grand Rapids desired suburban place to live for decades.
Part of the Forest Hills School District, which draws many families,
there is also the river and it's picturesque appeal. The drive down
Thornapple River Drive between Ada and Cascade in the fall is one
of the prettiest drives in the greater Grand Rapids area.
Cascade Woods Market Report August 2009
12 Homes For Sale, 1 Pending, 3 SOLD, 6 Expired
Cascade Woods Active Listings: 12
Cascade Woods Average price - $294,108
Cascade Woods Average $/SqFt - $124.41
Cascade Woods Average days on market - 85
Cascade Woods Sold Listings: 3
Cascade Woods average price - $239,333
Cascade Woods average $/SqFt - $ 77.54
Cascade Woods average days on market - 148 days
Cascade Woods Expired Listings: 6
The Absorption Rate for Cascade Woods Homes is 24 months,
Which means if no new listings come on the market, it will take
24 months to sell the existing inventory. The average sold price
per SqFt is still 40% of the Active listings Price /SqFt. This
could reflect foreclosures, short sales, and homes in poor condition
that have sold over the last 4 months.
Or it could be home condition which is slowing the sales of
older homes in this area.
While the spring market has seen a slight uptick in prices paid
for Cascade Woods homes, the absorption rate is sobering at
24 months, while newer homes are selling briskly.
Today's buyers do not want to do ANY updates, which includes
painting, new kitchens & baths, and new flooring. If your Cascade
Woods home hasn't sold, it is probably condition, which gets
us back to price. If you don't want to improve your home, you
won't get the same price as people who have updated and kept
their home current according to recent trends.
Forest Hills Michigan Real Estate Reports ~ 2009
If you would like further information about Grand Rapids or
Cascade Homes, please contact me directly.
photo of Leslie E Tassell Park on the Thornapple River 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 and Bonnie, this sounds like a wonderful opportunity for buyers. And I love your photo!
It is a wonderful area with great homes that anyone would be proud to own.