Forest Hills Michigan Real Estate Absorption Report ~ Caravelle Village ~ March 2009

By
Real Estate Agent with Westbrook Realty Broker-Owner

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 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 28th Street shopping.

Leslie E Tassell Park

           Caravelle Village Residential Real Estate

                       March 2009 Market Report


                   4 For Sale, 7 SOLD, 1 Pending, 3 Expired

Caravelle Village Active Listings: 4

Caravelle Village Average Active Price - $ 187,175

Caravelle Village Average Active Price/Sq Ft - $ 129.91

Caravelle Village Average Days on the Market - 210

 

Caravelle Village SOLD Listings: 7

Caravelle Village Average Sold Price - $ 183,071

Caravelle Village Average Sold price/SqFt - $ 128.21

Caravelle Village Average Sold Days on the Market - 62

 

Caravelle Village Pending Listings: 1

Caravelle Village Expired Listings: 3

Caravelle Village Average Expired Price - $193,200

Caravelle Village Average Expired Price/SqFt - $126.96

Caravelle Village Average Expired Days on the market - 97

 

At the current rate of sales, we have a 3.5 month supply of homes in

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

MARKET SYNOPSIS: Not much new activity for Caravelle Village since

November of last year.  The average listed price has dropped slightly,

but buyers are still reluctant.

This is a popular area for home buyers, but your home must be in top

notch condition and priced to sell in today's market.

 

Caravelle Village Market Report August 2008

Forest Hills Schools Market Report Sept 2008

Caravelle Village Market Report Oct 2008

Ada Cascade Market Report Nov 2008

 

Grand Rapids -Ada Real EstateWestbrook Realty

 Copyright 2009  All rights reserved

photo of Cascade Town Hall Gardens by Bonnie Westbrook

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West Michigan.  We believe: Grand Rapids is a Great Place to Live!

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