Grand Rapids Michigan Real Estate Blog

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Ada Michigan ~ Absorption Report Dec 2008 ~ Ada Woods Homes

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

                 December 2008

       6 Sold, 4 For Sale, 8 Expired

Ada MI Headley St Fall 2008 

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

inventory.

  

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.

 

Ada Woods Market Report June 2008

Ada Woods Market Report July 2008

Ada Woods Market Report August 2008

Ada Woods Market Report Sept 2008

Ada Woods Market Report Oct 2008

Ada Woods Market Report Nov 2008

 

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

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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 06:46PM

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