Forest Hills Michigan - Clements Mill Neighborhood Real Estate Market Report - Jan-December 2009

By
Real Estate Agent with Westbrook Realty Broker-Owner

Clements Mill is  a newer home development built by Eastbrook

Construction in the Ada MI area, started in 1999 and completed in

2003. Apart from newer homes, part of the appeal is the proximity

of  Forest Hills Central Middle and High Schools, Forest Hills

Woodlands 5/6 School, St Roberts & Ada Christian Schools, which

are within walking distance.

Clements Mill is midway between the Village of Ada and Forest Hills

shopping area at Cascade Road and Forest Hills.

Ada's Clements Mill has seen steady to declining values in the short

time it has been built out.  This is largely due to the current housing

economy where all area homes have suffered a decline in value. This

subdivision continues to be a desired location for local residents.

 

grand rapids mi snow fall 

Clements Mill  Market Report   Jan -  December 2009

          15  Sold,  1 Pending, 3 For Sale, 6 Expired

 

Clements Mill Active Listings: 3

Average Active Price: $175,233

Average Active Price/SqFt: $130.21

Average Active Days on Market: 131

Clements Mill Sold Listings: 15

Average Sold Price: $251,113

Average Sold Price/SqFt: $109.44

Average Days on Market: 73

Clements Mill Expired Listings: 6

Absorption Rate for Clements Mill homes is averaging

2.4 months, which is a very low rate for the Grand Rapids area.

Average list price is currently lower that average sold price,

which means that the current active homes are smaller and

priced below the homes that have sold this year. 

 

Additional Forest Hills Articles:

Forest Hills Michigan Real Estate Reports 2009

Search for Forest Hills MI Homes 

If you have detailed questions about Ada Homes, Forest Hills

 Homes or  just need further information, please contact me

directly:  terry@terrywestbrook.com  or call 1-616-292-7263

Snowman photo by Bonnie Westbrook

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

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  1. Bonnie & Terry Westbrook 12/10/2009 02:03 PM
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Topic:
Real Estate General Information
Location:
Michigan Kent County Forest Hills
Groups:
City & State: Listings and Market Reports
Dedicated Bloggers
Kent County MI Real Estate
Market Reports
West Michigan Real Estate
Tags:
ada mi real estate market reports
grand rapids mi real estate market reports
forest hills mi real estate market reports

Comments 2 New Comment

Ambassador
1,423,979
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Excellent report - I like the fact it has white space, relevant links and seasonal photography.  Folks in your areamust love it

December 10, 2009 06:19 AM
Rainmaker
573,565
Terry & Bonnie Westbrook
Westbrook Realty - Grand Rapids Forest Hills MI Re
Westbrook Realty Broker-Owner

I wish the seasonal photos were a bit more green. The weather does have some impact on sales.

December 10, 2009 10:43 PM
Rainmaker
573,565

Terry & Bonnie Westbrook

Westbrook Realty - Grand Rapids Forest Hills MI Re
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