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
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
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
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