The East 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 by the 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,
this may be the place for you to call home.
Real Estate Market Report East Village January 2009
For Sale: 7
East Village Homes average list price: $ 456,943
East Village average price/sqft (main floor): $ 166.49
East Village average days on the market: 29 days
Sold: 10
East Village SOLD homes average price: $ 464,900.
East Village SOLD homes average price/sqft: $161.71.
East Village SOLD homes average days on market: 86 days
Expired: 9
East Village expired homes average price: $441,933
East Village expired homes average price/sqft: $167.66
East Village Homes are selling, if priced correctly. Buyers are
paying about $160/SqFt on the main floors.
The absorption rate for East Village is 8.4 months, which means
if no new homes enter the marketplace, it will take 8.4 months
for the current home inventory to sell. If you don't need to sell
your East Village home now, I would recommend you take it
off the market. Overpriced homes are not selling.
East Village Market Report December 2008
Forest Hills Market Report November 2008
If you would like further information about East Village, Ada, or
Grand Rapids Homes, please contact me directly.
Grand Rapids Ada Real Estate - Westbrook Realty
Copyright 2008 All rights reserved
photo of Ada Bike Trail by Bonnie Westbrook
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