The Residences at Watermark are located on Watermark Golf Course just
south of Cascade Road. Yes, I play Watermark golf course every chance
I get. Watermark is a premier course with friendly players.
It has an excellent grounds staff and a great pro shop staff, as well.
Watermark single family homes and condos make this a very attractive
place to live. Quality built homes with access off Cascade Road and
Spaulding Drive, you are close to the airport, 28th Street shopping,
I96 expressway and close to Cascade, Ada, and Forest Hills
schools and shopping areas.
Watermark Residences
May 2009 Real Estate Market Report
For Sale: 7
There are 7 active Watermark Homes currently on the market.
The median Watermark Homes current active price is $ 579,900
The average Watermark Homes current price per sq ft is $ 267.15
The average days on the market for active Watermark Homes is 216
The high price is $ 2,700,000 and the low price is $ 369,900.
Sold: 1
There has been 1 Watermark Sold Homes since Jan 1, 2009.
The average Watermark Sold Home price is $ 440,000
The average Watermark Sold Homes price per sq ft is $206.57
The average days on the market for Watermark Sold Homes is 73.
Pending: 0
Expired: 6
At the current rate of sales, we have a 35 month Absortion rate at the
Watermark Residences. This means that it will take 35 months for the
current listed homes to sell based on the current rate of sales.
Watemark buyers don't seem to be interested at the present prices.
The listed avg. price/square foot is about $60 more than the only sale
so far this year. The $2.7 million home does inflate the figures a tad
but price/sq ft should be similiar. Summer may see more activity but
I see overpriced homes and buyers just aren't buying overpriced homes.
Additional articles about Watermark Residences:
Watermark Residences March 2009 Market Report
Watermark Residences December 2008 Market Report
Watermark CC Golf Pro ~ Mark Wilson
Watermark Country Club ~ Pool Time
The Grille Restaurant at Watermark
If you would like further information about Watermark Residences
Cascade or Forest Hills Homes, please contact me directly:
1-888-240-1968 ext 0
Grand Rapids - Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
photo of Watermark Residences Entrance by Bonnie Westbrook
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