Forest Hills Gardens Residential Real Estate
Dec 2008 Absorption Market Report
4 Sold, 0 Pending, 1 For Sale
The absorption rate for Forest Hills Gardens is 3 months, which
means if no new listings come on the market it will take 3 months
for the existing inventory of homes to sell at the current rate of sale.
This is a fabulous rate in this market and the one home for sale
reflects the stability and desirability of the neighborhood.
Active Forest Hills Gardens Listings: 1
Average list price is $ 164,900.
Average time on market is 76 days.
Average list cost/SqFt is $90.50
The average price for Forest Hills Gardens sold homes is $162,475.
The average price/sqft for Forest Hills Gardens sold
homes is $ 96.47.
The average days on the market for Forest Hills Gardens sold
homes is 20 days.
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 going in next
door and Stone Falls of Ada - a 210 unit apartment complex, currently
under construction a short distance away on Spaulding Ave.
Both of these new developments are quite close to Adacroft Commons
and Forest Hills Gardens.
If you have questions about Forest Hills or Ada homes,or
if you would like this market report emailed to your inbox,
please contact me directly.
Grand Rapids Ada Real Estate ~ Westbrook Realty
Copyright 2008 All rights reserved
Japanese Maple photo by Bonnie Westbrook
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