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Forest Hills MI Real Estate Market Report Dec 2008 ~ Adacroft Commons

By
Real Estate Agent with Westbrook Realty Broker-Owner

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 unit condo site - Villas of Ada

and Stone Falls of Ada - a 210 unit apartment complex, currently

 under construction here. Both of these new developments are quite

 close to Adacroft Commons.

                   Adacroft Commons Real Estate

                      December 2008 Market Report

                     8 Sold, 0 For Sale, 1 Pending, 10 Expired

 Adacroft Commons Entrance Ada MI 49301

 

 Adacroft Commons Active Listings: 0

Adacroft Commons Active Price - $

Adacroft Commons Active Price/SqFt - $

Adacroft Commons Active Days on Market -

 

Adacroft Commons SOLD Listings: 8

Adacroft Commons average sold price - $ 165,625

Adacroft Commons average sold price/SqFt - $96.99

Adacroft Commons average sold days on market -77

 

Adacroft Commons Expired Listings: 10

Adacroft Commons average expired price - $ 186,410

Adacroft Commons average expired price/SqFt - $ 134.36

Adacroft Commons average days on market - 110

 

 

There are no current homes for sale in Adacroft Commons

listed on the local MLS board.  This is an extremely desirable area

to live, with its close proximity to Forest Hills Central Middle &

High Schools.  In the above stats you can see the $20,000

disconnect between sellers and buyers, or $37 /SqFt. on the

main floor.  If you would like to sell in this market, you have to

be priced at the current market price, not 2004 prices, IF you want

to sell your home.  

 

If you have detailed questions or just need general information about

 Grand Rapids or Ada Homes, please contact me directly.  If you would like to

receive these monthly reports in your inbox, please contact us.

 

Grand Rapids Ada MI Real Estate - Westbrook Realty

Copyright 2008 All rights reserved

Adacroft Commons Entrance Photo by Bonnie Westbrook 

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Comments (2)

Bonnie & Terry Westbrook
Westbrook Realty - Ada, MI
Grand Rapids MI Real Estate

It is difficult to believe there are no homes for sale in this popular area.  But on looking at the expireds, you can see that sellers are discouraged and not facing the reality of today's prices.

If they want to move up, this is a perfect time, because they can buy their next home for less than they thought it would cost.

Jan 01, 2009 05:04 AM
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Bonnie: I would guess that the first of the year will bring more on the market.

Jan 01, 2009 05:21 AM