Forest Hills Michigan Neighborhood Real Estate Market Report - Caravelle Village - Jan-Dec 2009

Reblogger Bonnie & Terry Westbrook
Services for Real Estate Pros with Westbrook Realty

Original content by Terry & Bonnie Westbrook

Cascade Neighborhood Absorption Report

Caravelle Village is an established subdivision built in the late 1960's

 and 1970's just south of Burton Street, east of Kraft Avenue and west

of Cascade Road in Cascade Township.  These Grand Rapids Homes

have the traditional mix of two stories, tri-levels and ranches.  A desirable

place to live with median priced homes, Forest Hills Public Schools, and

 close to 28th shopping and restaurants. Originally built by a variety of

 builders, the homes here are quality construction in a safe neighborhood

and close to the historic village of Cascade and Gerald Ford International

Airport.

Leslie E Tassell Park

           Caravelle Village Residential Real Estate

                       Jan-Dec 2009 Market Report


                   4 For Sale, 3 SOLD, 0 Pending, 4 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price - $ 192,325

Caravelle Village Average Active Price/Sq Ft - $ 123.52

Caravelle Village Average Days on the Market - 239

Caravelle Village SOLD Listings: 3

Caravelle Village Average Sold Price - $ 176,000

Caravelle Village Average Sold price/SqFt - $ 111.30

Caravelle Village Average Sold Days on the Market - 74

Caravelle Village Pending Listings: 0

Caravelle Village Expired Listings: 4

 

At the current rate of sales, we have a 16 month supply of homes in

Caravelle Village, if no new homes come on the market.

 

MARKET SYNOPSIS: Only 3 homes have sold in Caravelle Village since

January of this year.  The average listed price has risen by $20K since

summer, but buyers are still reluctant to purchase.

This has been a popular area for home buyers, but your home must be

 in top notch condition and priced to sell in today's market.  Note the difference

between average list price/sq ft and average sold price/sq ft above, this tells

the whole story.

Forest Hills Michigan Neighborhood Real Estate Market 2009

Grand Rapids -Ada Real EstateWestbrook Realty

 Copyright 2009  All rights reserved

photo of Tassell Park at the Thornapple River by Bonnie Westbrook

_____________________________________________________________________________________________________

 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.  Grand Rapids Michigan is a vibrant, growing metropolitan

area with a diverse business community, great medical research & services, numerous universities,

plus lively arts and entertainment of all kinds. 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

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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 Bonie

I'm still thinking Forest Hills is the place to be; nice report.

Dec 16, 2009 06:43 AM #1
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Not a lot of activity here but some great homes.

Dec 16, 2009 01:27 PM #2
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Terry and Bonnie--Another great report on the Grand Rapids market....You do such a nice job!

Dec 16, 2009 02:18 PM #3
Rainmaker
137,737
Bonnie & Terry Westbrook
Westbrook Realty - Ada, MI
Grand Rapids MI Real Estate

Tom: Forest Hills is a great place to live, as Grand Rapids in general.  Thanks for visiting.

 

Terry: I'm surprised by the lack of activity for the year, too.

 

Teri: Thanks for commenting - we try to keep up on our local neighborhoods.

Dec 17, 2009 12:36 AM #4
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Rainmaker
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Bonnie & Terry Westbrook

Grand Rapids MI Real Estate
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