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 within walking 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 over
abundance of houses for sale in a soft resale market.
Clements Mill Residential Real Estate
Market Report November 2008
21 Sold, 1 Pending, 5 For Sale, 8 Expired
Clements Mill Active Listings November 2008: 5
Average Active Price: $250,700
Average Active Price/SqFt: $118.14
Average Active Days on Market: 120
Clements Mill Sold Listings November 2008: 21
Average Sold Price: $276,223
Average Sold Price/SqFt: $123.39
Average Days on Market: 108
Clements Mill Expired Listings: 8
Average Expired Price: $269,275
Average Expired Price/SqFt: $ 130.94
Average Expired Days on Market: 152
Absorption Rate for Clements Mill homes is averaging 2 sold homes
per month for 2008 to date. With 5 current lisings, there is a 2.5
month supply.
Clements Mill Market Report Sept 2008
Clements Mill Market Report July 2008
Clements Mill Market Report June 2008
The Ada area growth trends remain strong. Ada Township planner,
Jim Ferro states that the Ada population has grown by 20% since
2000. There is a new proposed 80 condo units - Villas of Ada
and Stone Falls of Ada - a 210 unit apartment complex, currently
open & under construction here. The Stone Falls of Ada apartment project
is adjacent to Clements Mill. Both are scheduled for completion by
spring 2009.
If you have detailed questions about Ada Homes, Forest Hills Homes or
just need further information, please contact me directly.
Grand Rapids Ada MI Real Estate Westbrook Realty
Copyright 2008 All rights reserved
Ada Drive Walking Trail Photo by Bonnie Westbrook
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