Cascade Neighborhood Absorption Report
Tamarron Estates is an upscale suburban development with large
wooded lots, walking access to Thornapple Elementary School and
the Thornapple River Backwaters. It is located just off of
Thornapple River Drive and Cascade Road in Cascade Township.
The house styles vary from large, comfortable ranches, traditional
two stories, to contemporary homes. Many of the homes were built
in the late 1970's to the mid 1980's, though there is a new street
that has much newer homes on acreage settings. Some houses close
to and surrounding this development are in the upper price brackets
in the Grand Rapids real estate market.
Tamarron Residential Real Estate
January 2009 Market Report
5 Sold, 3 For Sale, 11 Expired
Tamarron Active Listings: 3
Tamarron Average Active Price - $ 361,300
Tamarron Average Active Price/SqFt - $ 107.93
Tamarron Average Active Days on Market - 153
Tamarron SOLD Listings: 5
Tamarron Average Sold Price - $ 339,480
Tamarron Average Active Price/SqFt - $ 98.11
Tamarron Average Sold Days on Market - 63
Tamarron Expired Listings: 11
Tamarron Average Expired Price - $ 388,891
Tamarron Average Expired Price/SqFt - $ 129.65
Tamarron Average Expired Days on Market - 137
At the current selling rate, we have a 4.2 month supply of homes on the
market in Tamarron in Cascade Township.
MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that
some sellers would like to see. Today's market is accepting homes under
$100.00 a sq ft. This is a price reduction for this area. As you can see,
the remaining sellers think their homes will sell at $ 107 a sq ft. This isn't
happening.
The expired listings are even further out of sync at $ 129 a sq ft. If you
have to sell your Tamarron Estates home now, the market place is telling
you that you need to be at $ 100 a sq ft or less to see your home sell.
Cascade Township has seen tremendous growth in the last fifty
years, though the growth rate has slowed considerably since 2000.
The majority (82%)live in a single family home, and the median
value is $220,00. Household incomes in Cascade Township are the
highest among surrounding Grand Rapids areas at $ 87,290. Most
people in Cascade Township prefer to live here because of the quality
housing, safe areas, and quality schools.
Tamarron Estates Market Report August 2008
Forest Hills Market Report Sept 2008
Tamarron Estates Market Report Oct 2008
Ada Cascade Market Report Nov 2008
If you have questions about the value of your Cascade or Forest Hills
Home, please contact me directly.
Grand Rapids -Ada Real Estate Westbrook Realty Copyright 2009 All rights reserved
Photo of Leslie Tassell Park 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!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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Terry, that's a pretty decent absorption rate! Sounds like the market is actually balanced out there!
Pat: It is a very nice subdivision in our area even in this market buyers know value .
It must be nice to work in a stable market. I wouldn't know what that is like anymore. Nice photo, too. Is it somebody's yard? I had a neighbor of one of my listings last night call me to complain because part of her yard was in my photo. It takes all kinds in this market.
Elizabeth: It is one of the only markets we have that has remained somewhat stable. I'm not telling where the photo came from. The bird on the second branch might sue.