Grand Rapids Michigan Real Estate Blog

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Forest Hills MI Absorption Report ~ Dec 2008 ~ East Village Homes

The East Village subdivision off  Ada Drive in Ada Township is a fairly

new development. The new housing construction started in 2005 and

is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development.  Near both public and

private schools, East Village is also close to  Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada, Grand Rapids, and the

village of Cascade.

East Village is also close by the expressway for easy access to many

different parts of our greater Grand Rapids area.  Large,

executive style homes with many amenities and extras are the rule in

this neighborhood. If you would like to start with a brand new house,

this may be the place for you to call home.

Ada MI bike trail on Ada Drive

 Real Estate Market Report

East Village December 2008

For Sale:

There are 5 active East Village Homes with an

average list price of $ 444,780.

The average active East Village price per sq ft (main floor) is $ 167.13.

The average active East Village days on the market is 136 days.

Sold:

There are  10  East Village SOLD homes with an average

price of $ 464,900.

The average price per sq ft for East Village SOLD homes is $161.71.

The average days on the market for East Village SOLD homes

 are 86 days.

The prices are holding relatively steady with a drop for the forth

quarter in 2008, which is usual.  East Village Homes are selling if priced

correctly.  Price per square foot on the main floor must be about $160/SqFt.

The absorption rate for East Village is 6 months, which means if no new

homes enter the marketplace, it will take 6 months for the current home

inventory to sell.  This is a great rate for the Grand Rapids MI area.

 

East Village November 2008 Market Report

East Village October 2008 Market Report

East Village Sept 2008 Market Report

 

If you would like further information about East Village, Ada, or

 Grand Rapids Homes, please contact me directly.

Grand Rapids - Ada Real Estate  - Westbrook Realty

 Copyright 2008  All rights reserved

photo of Ada Bike Trail  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 29 2008 04:54PM

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