The Quail Crest Condo development is located west of Spaulding
and north of Burton Street in Cascade Township. There is an
entrance off Spaulding Avenue and off Burton Street. This condo
development was started in the late 1980's and continued building
into the late 1990's.
The condos are spacious with cathedral ceilings and many have
finished lower levels with extra bedrooms and baths. This area
has been very attractive for retirees, as they are close to all the
local amenities and shopping but no house maintenance. Forest
Hills Public Schools are the school district,Watermark Country Club,
Forest Hills & 28th Street shopping are a short distance away.
The miles of Cascade-Ada Bike/Walking Trail
connects to downtown Cascade, downtown Ada, and 28th St.
Quail Crest Condominiums Real Estate Market Report
January 2009
3 Sold, 8 For Sale, 2 Pending, 5 Expired
Quail Crest Condos Active Listings: 8
Quail Crest Condos Average Active Price - $191,000
Quail Crest Condos Average Active Price/SqFt - $ 136.61
Quail Crest Condos Average Active days on market - 157
Quail Crest Condos Sold Listings: 3
Quail Crest Condos average sold price - $274,167
Quail Crest Condos average sold price/SqFt - $ 167.48
Quail Crest Condos average days on market - 89
Quail Crest Condos Expired Listings: 5
Quail Crest Condos average expired price - $202,160
Quail Crest Condos average price/SqFt - $ 147.35
Quail Crest Condos average days on market - 146
The absorption rate for Quail Crest Condos is 20 months, which
means if no new listings come on the market, it will take 20 months
for the current inventory of homes to sell at the current rate of sales.
This is very high for the Grand Rapids Market, which means either prices
are too high for today's buyer, or there is a glut of condos on the market.
Quail Crest Condos Dec 2008 Market Report
Quail Crest Condos Oct Market Report
Quail Crest Condos Sept Market Report
Quail Crest Condos July Market Report
If you have further questions about Grand Rapids or
Cascade MI Condos, please contact me directly. We can
also have these monthly market reports emailed to your
inbox, just contact us.
Grand Rapids Ada MI Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
photo of Quail Crest Entrance 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, what a great educational post. Does that mean you take 20 month or longer listings? I hope so otherwise you investment of Marketing Dollars and time is just wasted. I hope your sellers understand this.
Nicely written market report. I hope the days on market will improve.
20 months is long, but in some areas of Sacramento, we have 48 months of inventory. Overall, our average is around 3 months.
Endre: Well priced condos are selling much faster. We just have to find a seller that is realistic about price and prepares the property to sell.
Gita: The time on the market is improving and less properties are coming on the market. I think spring will be a better market.
Elizabeth: I think some sellers got caught in the time on the market where prices were coming down and they were looking at properties that sold some time back and used them for comparisons. We need to be on top of the most recent sales to see the true market price.