Greentree Estates is a small subdivision in Ada Township south of
Conservation Avenue and just east of Honeycreek Avenue. The homes
located here are large, executive style homes, usually with acreage sites.
Most of the houses were built in the 1970's to 1980's. These homes are
prized for their privacy setting in a heavily wooded, natural area, (you can't
always see your neighbor's house) and the presitigious Forest Hills Public
School System. This area of Ada Township has rolling hills, covered with
native hardwoods, and is very picturesque. Seidman Park is just across the
street with it's nature trails and cross country ski trails.
Residential Real Estate Report June 2008
6 For Sale, 2 SOLD, 3 Expired
Greentree Farms Active Listings: 6
Greentree Farms average active list price - $ 454,467
Greentree Farms average active list cost /sq ft - $ 158.52
Greentree Farms average active days on the market - 94
Greentree Farms SOLD Listings: 2
Greentree Farms average SOLD price:$ 427,500
Greentree Farms average SOLD cost/sq ft - $ 123.60
Greentree Farms average days on the market - 72
Greentree Farms Expired Listings: 3
Greentree Farms average expired price - $461,333
Greentree Farms average cost/sq ft - $ 163.88
Greentree Farms average days on the market - 208
At the current rate of sales, we have a 33 month supply of homes
in Greentree Farms.
MARKET SYNOPSIS: The middle upper end market has been hit hard
in our area. Many people in this market are downsizing and can't find
buyers for their homes. Pricing is KEY to the sale of your home. This
report really typifies what happens. Sellers are told the market conditions.
but their home is special. Someone will come along, fall in love with it and
pay their asking price, or pretty close to it. As you can see, not much activity
here all summer. Selling prices have come down but not enough for buyers.
The selling price was $ 123 a sq ft for the summer market, the winter market
is usually less robust and fewer buyers can command lower prices. If you are
waiting for a sellers market to come back, it might be 2 years before this
current trend turns around, or maybe not....??
If you would like further information about Ada Township Homes,
please me directly.
Grand Rapids Ada Real Estate - Westbrook Realty
Copyright 2008 All rights reserved
Ada Covered Bridge photo 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!
Contact Terry 616-292-7263