Grand Rapids Michigan Neighborhood Real Estate Market Reports - East West Village Jan-Dec 2009

By
Real Estate Agent with Westbrook Realty Broker-Owner

The East/West  Village subdivision off  Ada Drive in Ada Township is

a fairly new development. The new housing construction started in 2005

and is still continuing to date. You can buy a resale home or a new home

in this centrally located housing development.  Near both public and

private schools, East Village is also close to  Forest Hills and 28th

Street shopping areas. The Ada Bike or Walking Trail also connects

this area on Ada Drive with the village of Ada, Grand Rapids, and the

village of Cascade.

East Village is also close to the I96 expressway for easy access to many

different parts of our greater Grand Rapids area.  Large, executive style

homes with many amenities and extras are the rule in this neighborhood.

If you would like to start with a brand new house in Forest Hills,

this may be the place for you to call home.

Ada mi bike trail

Real Estate Market Report East-West Village Jan-Dec 2009

For Sale: 4

East Village Homes average list price: $ 462,450

East Village average price/sq ft (main floor): $ 159.36

East Village average days on the market:112 days

Pending Sales : 1

Sold Homes : 6

East Village SOLD homes average price: $ 413,983

East Village SOLD homes average price/sq ft: $146.43

East Village SOLD homes average days on market: 99 days

Expired: 10

Market Synopsis: East -West Village Homes are selling, if priced correctly.

Buyers are paying from $115-160/SqFt on the main floors, which is down from

last summer's prices.  New construction is priced higher, so an existing

home should be priced lower per square foot than a new one.

The absorption rate for East -West Village is 8 months, which means

 if no new homes enter the marketplace, it will take 8 months

 for the current home inventory (4) to sell.  This is  high for the Ada - Forest

Hills area, it reflects the higher prices of the homes, even though

they are located in Forest Hills.  Higher priced homes are slow movers

on today's market due to buyer's jitters about further market devaluation.

 

 Additional Articles about Ada & Forest Hills, MI

Ada Michigan Real Estate 2009

Forest Hills Michigan Real Estate 2009

If you would like further information about East or West Village, Ada, or

Grand Rapids Homes, please contact me directly.

photo of Ada Bike Trail  by Bonnie Westbrook

Share this post :
Posted by

_____________________________________________

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!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

________________________________________________________

 

 

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Bonnie & Terry Westbrook 12/11/2009 06:01 AM
Topic:
Real Estate General Information
Location:
Michigan Kent County Forest Hills
Groups:
City and State
Kent County MI Real Estate
Local Expert
West Michigan Real Estate
Market Reports
Tags:
forest hills mi real estate market reports
grand rapids mi real estate market reports
ada mi real estate market reports

Spam prevention
Show All Comments
Rainmaker
1,052,824
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Terri as usual nice job keeping everyone posted on what is going on in your market.

Dec 10, 2009 06:12 AM #1
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Market may be a  little slower with the weather right now but it has shown some life recently and should be much better soon.

Dec 10, 2009 02:35 PM #2
Rainmaker
1,928,270
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Terry and Bonnie,

Ada and Grand Rapids sounds like the place to be; I bet that bike trail/walking trail is superb.

Dec 11, 2009 03:28 AM #3
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Tom, I think it is a great draw for people that don't want to fight with the cars for space on the roads.

Dec 13, 2009 01:54 PM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
575,553

Terry & Bonnie Westbrook

Westbrook Realty - Grand Rapids Forest Hills MI Re
Ask me a question
*
*
*
*
Spam prevention

Additional Information