Grand Rapids Michigan Real Estate Blog

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Ada MI Absorption Report ~ Clements Mill ~ Dec 22, 2008

Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of  Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada's Clements Mill has seen steady to declining values in the short

time it has been built out.  This is largely due to the current over

abundance of houses for sale in a soft resale market. The good news is

that this area continues to be a desirable housing solution for many, as the

current absorption rate of 1 month shows, this is not typical for the greater

Grand Rapids Market.

                Clements Mill  Residential Real Estate

                     Market Report December 2008 

           22 Sold, 2 Pending, 2 For Sale, 10 Expired

 

bike trail on Ada Dr ada mi

The Absorption Rate for Clements Mill Ada Township MI

is 1 month, which means if no new listings come on the market,

it will take 1 month for the current homes inventory to sell at

the existing sales rate.

 

Clements Mill Active Listings December 2008: 2

Average Active Price: $182,400

Average Active Price/SqFt: $105.12

Average Active Days on Market: 230

Clements Mill Sold Listings December 2008: 22

Average Sold Price: $271,531

Average Sold Price/SqFt: $122.07

Average Days on Market: 116

Clements Mill Expired Listings: 10

Average Expired Price: $283,300

Average Expired Price/SqFt: $ 131.99

Average Expired Days on Market: 139

 

Clements Mill Market Report Nov 2008

Clements Mill Market Report Sept 2008

Clements Mill Market Report July 2008

Clements Mill Market Report June 2008

 

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

 2000. There is a new proposed 80 condo units - Villas of Ada

and Stone Falls of Ada - a 210 unit apartment complex, currently

open & under construction here.  The Stone Falls of Ada apartment

 project is adjacent to Clements Mill.  Both are scheduled for

completion by spring 2009 but are open for business now.

 

If you have detailed questions about Ada Homes, Forest Hills Homes or

 just need further information, please contact me directly.

Grand Rapids Ada MI  Real Estate   Westbrook Realty

Copyright 2008  All rights reserved

Ada Drive Walking Trail 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 0 commentsTerry & Bonnie Westbrook • December 22 2008 10:42AM

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