Cascade Woods is an established neighborhood of large, executive
style homes in Cascade Township, MI. Most of these homes were
built in the 1960's and 1970's, although there are a few newer
homes that were built recently in the area. Close to the village of
Cascade and the Thornapple River, this heavily wooded area has
been a Grand Rapids desired suburban place to live for decades.
Part of the Forest Hills School District, which draws many families,
there is also the river and it's picturesque appeal. The drive down
Thornapple River Drive between Ada and Cascade in the fall is one
of the prettiest drives in the greater Grand Rapids area.
Cascade Woods Absorption Market Report
9 Homes For Sale, 1 Pending, 11 SOLD, 24 Expired
Cascade Woods Active Listings: 9
Cascade Woods Active average price - $327,056
Cascade Woods Active average $/SqFt - $110.20
Cascade Woods Active average days on market - 92
Cascade Woods Sold Listings: 11
Cascade Woods average sold price - $249,073
Cascade Woods average sold $/SqFt - $ 110.37
Cascade Woods average sold days on market - 106 days
Cascade Woods Expired Listings: 24
Cascade Woods Expired average price - $290,591
Cascade Woods Expired average $/Sq/Ft - $ 122.50
Cascade Woods Expired average days on market - 178
The absorption Rate for Cascade Woods Homes is 10.8 months,
Which means if no new listings come on the market, it will take
10.8 months to sell the existing inventory. The average sold price
per SqFt and the Active listings Price /SqFt seem to be aligned. It could
be home condition which is slowing the sales in this area of older homes.
Today's buyers do not want to do ANY updates, which includes painting,
new kitchens & baths, new flooring. If your Cascade Woods home hasn't
sold, it is probably condition, which gets us back to price. If you don't
want to improve your home, you won't get the same price as people who
have updated and kept their home current.
If you would like further information about Grand Rapids or
Cascade Homes, please contact me directly.
Grand Rapids -Ada Real Estate - Westbrook Realty
Copyright 2008 All rights reserved
photo of Leslie E Tassell Park on the Thornapple River 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