Tamarron Estates is an upscale suburban development with large
wooded lots, walking access to Thornapple Elementary School and
the Thornapple River Backwaters. It is located just off of
Thornapple River Drive and Cascade Road in Cascade Township.
The house styles vary from large, comfortable ranches, traditional
two stories, to contemporary homes. Many of the homes were built
in the late 1970's to the mid 1980's, though there is a new street
that has much newer homes on acreage settings. Some houses close
to and surrounding this development are in the upper price brackets
in the Grand Rapids real estate market.
Tamarron Residential Real Estate
December 2008 Market Report
5 Sold, 7 For Sale, 7 Expired
Tamarron Active Listings: 7
Tamarron Average Active Price - $ 500,329
Tamarron Average Active Price/SqFt - $ 137.25
Tamarron Average Active Days on Market - 138
Tamarron SOLD Listings: 5
Tamarron Average Sold Price - $ 339,480
Tamarron Average Active Price/SqFt - $ 98.11
Tamarron Average Sold Days on Market - 63
Tamarron Expired Listings: 7
Tamarron Average Expired Price - $ 265,629
Tamarron Average Expired Price/SqFt - $ 112.74
Tamarron Average Expired Days on Market - 124
234 homes have sold in Cascade Township in 2008
Average home selling price is $306,712
At the current selling rate, we have an Absorption rate of 16.8 months,
which means if no new listings come on the market, it will take 16.8 months
to clear the current supply of homes.
MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that
some sellers would like to see. Today's market is accepting homes under
$100.00 a sq ft. This is a price reduction for this area. As you can see,
most sellers think their homes will sell at $ 137 a sq ft. This isn't happening.
Even the expired listings aren't selling at $ 112.00 a sq ft. If you have to
sell your Tamarron Estates home now, be sure you are price competitively with
other properties on the market. Condition plays a large factor in these older
homes. If you haven't updated, you aren't going to get top dollar for your
home, the market place is telling you that you need to be at $ 100 a sq ft or
less to see your home sell.
Cascade Township has seen tremendous growth in the last fifty
years, though the growth rate has slowed considerably since 2000.
The majority (82%) live in a single family home, and the median
value is $220,00. Household incomes in Cascade Township are the
highest among surrounding Grand Rapids areas at $ 87,290. Most
people in Cascade Township prefer to live here because of the quality
housing, safe areas, and quality schools.
If you have questions about the value of your Cascade or Forest Hills
Home, please contact me directly.
Grand Rapids -Ada Real Estate ~ Westbrook Realty Copyright 2008 All rights reserved
Photo of Tamarron North Entrance 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