Cascade Neighborhood Absorption Report
Caravelle Village is an established subdivision built in the late 1960's
and 1970's just south of Burton Street, east of Kraft Avenue and west
of Cascade Road in Cascade Township. These Grand Rapids Homes
have the traditional mix of two stories, tri-levels and ranches. A desirable
place to live with median priced homes, Forest Hills Schools, and close to
28th shopping and restaurants. Originally built by a variety of builders, the
homes here are quality construction in a safe neighborhood and close to
the historic village of Cascade and 28th Street shopping.
Caravelle Village Residential Real Estate
August 2009 Market Report
4 For Sale, 3 SOLD, 0 Pending, 1 Expired
Caravelle Village Active Listings: 4
Caravelle Village Average Active Price - $ 170,075
Caravelle Village Average Active Price/Sq Ft - $ 127.28
Caravelle Village Average Days on the Market - 279
Caravelle Village SOLD Listings: 3
Caravelle Village Average Sold Price - $ 176,000
Caravelle Village Average Sold price/SqFt - $ 111.30
Caravelle Village Average Sold Days on the Market - 74
Caravelle Village Pending Listings: 0
Caravelle Village Expired Listings: 1
At the current rate of sales, we have a 10.66 month supply of homes in
Caravelle Village, if no new homes come on the market.
MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since
January of this year. The average listed price has dropped about $17K
from last year, but buyers are still reluctant.
This has been a popular area for home buyers, but your home must be
in top notch condition and priced to sell in today's market. Note the difference
between average list price/sq ft and average sold price/sq ft above, this tells
the whole story.
Forest Hills Michigan Neighborhood Real Estate Market 2009
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
photo of Tassell Park at 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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Is the picture you are using from a park within the neighborhood? We only have a few parks within neighborhoods that have ponds. I wish more did, then we could have more fishing holes.
Todd: This park is about a mile away from Caravelle village. Right on the river.
If it is right on the river, then I'm guessing you can fish right from that dock. That is something we are lacking here in Beaverton. We have a few small fishing spots, but nothing like a major river going through.
Todd: We actually have several rivers that we can fish within a couple of miles of this subdivision.