Grand Rapids Michigan Real Estate Blog

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Ada Michigan Real Estate Market Report ~ Nov 2007

         ADA MICHIGAN MARKET REPORT 

 As you can see in the graph below, the sales activity has remained constant

and even the cost per square foot has stayed relatively steady for the last few

years in Ada homes.  Even with this good news, the same story as in other local

areas, the downside is inventory. Currently we have 175 homes for sale. 

We have enough inventory to last one year if no one else decides to list their

 home and put it on the market.                                                                                

                                                                                                 

 Thornapple River View Ada MI

 For the consumer, this means: Buyers are in the driver's seat.

Hardly a news flash, but if you have been considering a move to Ada and

thought you couldn't afford it, think again. Even if you can't get as much out

 of your home as you would like to, the good news is that a move to Ada

Township will cost you almost the same as it would have 3 years ago.

Historically, we know this current trend will not last.  Home prices will rise

and hopefully, you won't have missed your opportunity to live in this wonderful

 community at a competitive price.  No one knows when this market will hit bottom

and start the climb up.  Ideally, you want to catch it going down, NOT UP! 

DON'T WAIT!!

Sales activity for Ada Township 2004 to 2007 Year to Date

Ada Homes currently on the market  175

2004  Ada Township Homes Sold    177

Avg sold price $ 323,926

Avg Cost /SqFT Main Floor    $141.00

2005   Ada Township  Homes Sold   173

Avg Sold Price $ 318,574

Avg Cost/SqFt  $ 139.00

2006    Ada Township  Homes Sold  170

Avg Sold Price $ 346,224

Avg Cost/SqFt  $147.00

2007   AdaTownship Homes Sold   132 (through 10/31/07)

Avg Sold Price $ 334,878

Avg Cost /SqFt $ 144.00

 

 

If you have any questions about the value of your Ada Home, please

contact me directly.

                           

  Grand Rapids Ada Real Estate  ~ Five Star Real Estate

photo of 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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

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Comment balloon 2 commentsTerry & Bonnie Westbrook • November 02 2007 08:09AM

Comments

 Terry, I came over here to see some bow season bucks.  What gives? LOL

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) about 13 years ago
I gave up hunting when I realized there were lots of people out there with guns that didn't know what they were shooting at ( like me) and  the orange vest wasn't a big enough hint I wasn't a stag.
Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) about 13 years ago

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