Grand Rapids Michigan Real Estate Blog

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Grand Rapids MI Real Estate Market Report ~ Greentree Farms in Ada Township Nov 2008

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.

 

   covered bridge ada mi

 

                                  Greentree Farms

               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....??

 

 

 

Greentree Farms Market Report June 2008

Greentree Farms Market Report Oct 2008

 

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

 

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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 01 2008 12:24PM

Comments

Good to know, like the picture...  Seen it somewhere before.  Good Luck!

Posted by Kacem Benali Bethesda & Rockville REALTOR (Rockville & Bethesda Homes for Sale, I can help sell ur home) almost 11 years ago

Kacem: Stop by Ada Michigan anytime to see the bridge over the Thornapple river. Thanks for the comment.

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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