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.
Real Estate Market Report
East Village December 2008
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.
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.
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
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