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 current phase. 

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  

                         Jan-Dec 2009

  4 For Sale, 1 Pending,  10 Sold, 12 Expired

Quail Crest Condos Active Listings: 4

Quail Crest Condos Average Active Price - $237,450 

Quail Crest Condos Average Active Price/SqFt - $ 169.90

Quail Crest Condos Average Active days on market - 74

Quail Crest Condos Sold Listings: 10

Quail Crest Condos average sold price - $175,450

Quail Crest Condos average sold price/SqFt - $ 119.62  

Quail Crest Condos average days on market - 157

 The absorption rate for Quail Crest Condos is 3.6 months, which

means if no new listings come on the market, it will take 3.6 months

for the current inventory of homes to sell at the current rate of sales.

This is much lower than typical  for the Grand Rapids Market.  The average

sold price and the price per square foot has fallen since the spring market.

We have seen some sellers renting instead of selling, waiting for a

return to a seller's market.  That may be the route to take, if you can

play the role of landlord successfully.

Forest Hills MI Real Estate 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 MI Real Estate  - Westbrook Realty

Copyright 2009  All rights reserved

photo of Quail Crest Entrance by Bonnie Westbrook