Grand Rapids Michigan Real Estate Blog

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Cascade Township Michigan Neighborhood Real Estate Market Report - Hidden Hills - Jan-Dec 2009

Hidden Hills is an established neighborhood of homes off Cascade Road

and 30th Street in Cascade Township, Michigan, a suburb of Grand Rapids. 

Home construction started here in the 1960's housing boom in the Forest

Hills School District and has continued through to today. There are new

homes still being built in this neighborhood.

Mid-size homes with quality construction are the rule, this suburban sub-

division area has been a desirable  place to live in the Grand Rapids home

market for many years. 

Tassell Pak Path 3

                          Hidden Hills, Cascade Township

                     Neighborhood Real Estate Market Report

                              January-December 2009

                      4 For Sale, 15 Sold, 0 Pending, 9 Expired

Hidden Hills Active Listings 4

Hidden Hills Average Active Price: $ 429,975

Hidden Hills Average Active Price Per Sq Ft: $ 146.63

Hidden Hills Active Average Days on Market: 148

Hidden Hills Sold Homes 15

Hidden Hills Average SOLD Price: $ 210,367  232

Hidden Hills Average SOLD Price Per Sq Ft: $ 98.06   102

Hidden Hills Average SOLD Days on the Market: 102

Hidden Hills Pending Homes: 0

Hidden Hills Expired Homes: 9

Hidden Hills Average Expired Price: $ 288,922 336,567

Hidden Hills Average Expired Price Per Sq Ft: $119.70

Hidden Hills Average Expired Days on the Market: 162

The current absorption rate is  3.2 months, which means we have

 a 3.2 month supply of homes in the Hidden Hills market, IF no new

 homes enter the market and homes sell at the current rate. 

MARKET SYNOPSIS: Hidden Hills average SOLD home price has

bounced back somewhat from this spring's lows of under $90 a square

foot, but the average sold price is still declining.  Time on the market

has increased slightly and 15 homes have  sold since the first of the

 year. 

Prices are about 30% below market highs of a few years ago but this

 is still  a popular place to live in the the Forest Hills School District. 

 The financial experts tell us that it will be between 2013 and 2023

 before they expect these market highs to return.

 

Forest Hills School District Average Sold Home Prices last 5 years: 

2008 - $ 279,709

2007 - $ 269,445

2006 - $ 300,691

2005 - $ 282,173

2004 - $ 268,072

 

Forest Hills Michigan Real Estate  2009

If you would like further information about Cascade Homes or

Forest Hills homes, please contact me directly. 

Grand Rapids Real Estate - Westbrook Realty

Copyright 2009  All rights reserved

photo of Leslie E Tassell Park 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!

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Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 2 commentsTerry & Bonnie Westbrook • December 16 2009 03:21PM

Comments

Terry and Bonnie--You guys do such a great job with your marketing reports for the communities in the Grand Rapids area. Glad to hear that there is a bit of a rebound for your area too. It will hopefully continue into 2010.

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) almost 11 years ago

Teri, We have seen some improvement in our area and are very optimistic about next year.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

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