Grand Rapids Michigan Real Estate Blog


Forest Hills Michigan Neighborhood Real Estate Market Report - Caravelle Village - Jan-Dec 2009

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 Public 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 Gerald Ford International


Leslie E Tassell Park

           Caravelle Village Residential Real Estate

                       Jan-Dec 2009 Market Report

                   4 For Sale, 3 SOLD, 0 Pending, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price - $ 192,325

Caravelle Village Average Active Price/Sq Ft - $ 123.52

Caravelle Village Average Days on the Market - 239

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: 4


At the current rate of sales, we have a 16 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 risen by $20K since

summer, but buyers are still reluctant to purchase.

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 Real Estate - Westbrook Realty

 Copyright 2009  All rights reserved

photo of Tassell Park at the Thornapple River 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!

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Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263






Comment balloon 2 commentsTerry & Bonnie Westbrook • December 15 2009 04:02PM


WOW!  That looks like a great area!  I guess that's why folks are holding on to their homes!  I suspect "top notch" might include energy upgrades soon!

Posted by Steve and Eleanor Thorne, Mortgage Loan Johnston County (Equity Resources, NMLS 60596) over 10 years ago

Terry and Bonnie

Caravelle Village looks like a wonderful subdivision to live in Forest Hills.

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 10 years ago

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