Grand Rapids MI Absorption Report ~ Dec 2008 ~ Tamarron Estates in Cascade Township

By
Real Estate Agent with Westbrook Realty Broker-Owner

Tamarron Estates is an upscale suburban development with large

wooded lots, walking access to Thornapple Elementary School and

the Thornapple River Backwaters.  It is located just off of

Thornapple River Drive and Cascade Road in Cascade Township.

The house styles vary from large, comfortable ranches, traditional

two stories, to contemporary homes.  Many of the homes were built

in the late 1970's to the mid 1980's, though there is a new street

that has much newer homes on acreage settings.  Some houses close

to and surrounding this development are in the upper price brackets

in the Grand Rapids real estate market.

 

                    Tamarron Residential Real Estate 

                      December 2008 Market Report

                      5 Sold,  7 For Sale, 7 Expired

 Tamarron North Entrance

Tamarron Active Listings: 7

Tamarron Average Active Price - $ 500,329

Tamarron Average Active Price/SqFt - $ 137.25

Tamarron Average Active Days on Market - 138

Tamarron  SOLD Listings: 5

Tamarron  Average Sold Price - $ 339,480

Tamarron Average Active Price/SqFt - $ 98.11

Tamarron Average Sold Days on Market - 63

Tamarron Expired Listings: 7

Tamarron Average Expired Price - $ 265,629

Tamarron Average Expired Price/SqFt - $ 112.74

Tamarron Average Expired Days on Market - 124

 

234 homes have sold in Cascade Township in 2008

Average home selling price is $306,712

 

At the current selling rate, we have an Absorption rate of 16.8 months,

which means if no new listings come on the market, it will take 16.8 months

 to clear the current supply of homes.

 

MARKET SYNOPSIS: Tamarron homes are selling but not at the prices that

some sellers would like to see. Today's market is accepting homes under

$100.00 a sq ft. This is a price reduction for this area.  As you can see,

most sellers think their homes will sell at $ 137 a sq ft. This isn't happening.

Even the expired listings aren't selling at $ 112.00 a sq ft. If you have to

sell your Tamarron Estates home now, be sure you are price competitively with

 other properties on the market. Condition plays a large factor in these older

 homes.  If you haven't updated, you aren't going to get top dollar for your

home, the market place is telling you that you need to be at $ 100 a sq ft or

less to see your home sell.

 

Cascade Township has seen tremendous growth in the last fifty

years, though the growth rate has slowed considerably since 2000.

The majority (82%) live in a single family home, and the median

value is  $220,00.  Household incomes in Cascade Township are the

highest among surrounding Grand Rapids areas at $ 87,290.  Most

people in Cascade Township prefer to live here because of the quality

housing, safe areas, and quality schools.

 

Tamarron Estates Market Report June 2008

Tamarron Estates Market Report July 2008

Tamarron Estates Market Report August 2008

Forest Hills Market Report Sept 2008

Tamarron Estates Market Report Oct 2008

Tamarron Estates Market Report Nov 2008

 

If you have questions about the value of your Cascade or Forest Hills

Home, please contact me directly.

Grand Rapids -Ada Real Estate  ~ Westbrook Realty Copyright 2008 All rights reserved

Photo of Tamarron North Entrance 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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Topic:
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City & State: Listings and Market Reports
Kent County MI Real Estate
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forest hills mi real estate market reports
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Comments 4 New Comment

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Ambassador
223,870
Eleanor Thorne
Cary Mortgage Loans 919-649-5057
Steve Thorne NC Mortgage Experts

Terry!  $40 per square is quite a price difference!  In this area. we say that agents who list properties like that are "buying" the listing with an unrealistic price!

December 22, 2008 02:57 PM
Ambassador
223,870
Eleanor Thorne
Cary Mortgage Loans 919-649-5057
Steve Thorne NC Mortgage Experts

Terry!  $40 per square is quite a price difference!  In this area. we say that agents who list properties like that are "buying" the listing with an unrealistic price!

December 22, 2008 02:57 PM
Rainmaker
136,806
Bonnie & Terry Westbrook
Grand Rapids MI Real Estate
Westbrook Realty

Some sellers just don't realize that the market is what it is.....and buyers are very savvy.

Maybe more sellers should get in their car and make the rounds of open houses so they are

more educated about what their market competition is.

December 23, 2008 08:00 PM
Rainmaker
573,777
Terry & Bonnie Westbrook
Westbrook Realty - Grand Rapids Forest Hills MI Re
Westbrook Realty Broker-Owner

Eleanor: Some agents take a while getting sellers educated on the market.

December 24, 2008 07:16 AM
Show All Comments
Rainmaker
573,777

Terry & Bonnie Westbrook

Westbrook Realty - Grand Rapids Forest Hills MI Re
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