Ada Woods is an established development of homes in Ada, Michigan,
just west of Ada and south of Fulton Street (M46). Ada Woods started
out as an E.L. Ladd development, but towards the end of the project
many lots were sold to other builders and completed by individual owners.
The dates of building range from 1980's to 2005. Most of the homes
have more square footage and more amenities than Adacroft Commons,
its adjacent neighborhood. As with Adacroft Commons, there is designated
common land in the development that remains heavily wooded and in a
natural state. This development is in the Forest Hills School System and
close to several private schools.
Ada Woods Real Estate Absorption Report
6 Sold, 4 For Sale, 8 Expired
Ada Woods Active Listings: 4
Ada Woods Average Active Price - $ 332,425
Ada Woods Average Active Price/SqFt - $132.53
Ada Woods Average Days on Market - 149
Ada Woods SOLD Listings: 6
Ada Woods Average Sold Price -$ 313,567
Ada Woods Average Sold Price/SqFt - $121.37
Ada Woods Average Sold Days on Market - 119
Ada Woods Expired Listings: 8
Ada Woods Average Expired Price - $ 300,900
Ada Woods Average Expired Price/SqFt - $ 132.48
Ada Woods Average Expired Days on Market - 158
The absorption rate for Ada Woods Homes is 8 months, which
means that if no new listings come on the market, it will take
8 months at the current rate of sales to sell the existing homes
MARKET SYNOPSIS: As you can see by the numbers, average sold
price has lowered about $ 27,000 since last month. The average asking
price has lowered a tiny bit, but not enough to get buyers off the fence.
The expired number is up which tells me that some sellers have given up
trying to get their asking price.
If you don't have your Ada Woods home priced around $ 120.00 a sq ft,
you will be waiting for a stronger sellers market to sell your home.
If you have any questions about Grand Rapids or Ada Homes,
please contact me directly.
Grand Rapids Ada MI Real Estate - Westbrook Realty
Copyright 2008 All Rights Reserved
Headley St in Ada Mi 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