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
Airport.
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
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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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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!
Terry and Bonnie
Caravelle Village looks like a wonderful subdivision to live in Forest Hills.