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Forest Hills Michigan Neighborhood Real Estate Market Report - Clements Mill April 2010

By
Real Estate Agent with Westbrook Realty Broker-Owner

 

Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of  Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are a short distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada's Clements Mill has seen steady to declining values in the short

time it has been built out.  This is largely due to the current housing

economy where all area homes have suffered a decline in value. This

subdivision continues to be a desired location for local residents.

 

crab apple tree in bloom

 

 

Clements Mill  Market Report   Jan - April 2010

          3  Sold,  0 Pending, 5 For Sale, 3 Expired

Clements Mill Active Listings: 5

Average Active Price: $279,520

Average Active Price/SqFt: $125.22

Average Active Days on Market: 51

Clements Mill Sold Listings: 3

Average Sold Price: $213,967

Average Sold Price/SqFt: $124.61

Average Days on Market: 125

Clements Mill Expired Listings:3

Absorption Rate for Clements Mill homes is averaging

4 months, which is a low rate for the Grand Rapids area.

Average list price is higher that average sold price,

which means that the current active homes are probably 

larger than the sold homes, as price per square foot is similar.

 

Additional Forest Hills Michigan Articles:

Forest Hills Michigan Real Estate Reports 2010

Search for Forest Hills MI Homes

If you have detailed questions about Ada Homes, Forest Hills

 Homes or  just need further information, please contact me

directly:  terry@terrywestbrook.com  or call 1-616-292-7263

photo by Bonnie Westbrook

 

Contact Terry if you are looking for a Forest Hills MI home, we can

get the newest listings into your inbox! 


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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!

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