Ada Michigan Neighborhood Real Estate Market Report - Adacroft Commons April 2010

The Ada area growth trends remain strong. Ada Township planner,

Jim Ferro states that the Ada population has grown by 20% since

2000. The new 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

Jan-April 2010 Market Report

2 Sold, 2 For Sale, 3 Expired, 0 Pending

Adacroft Commons Active Listings: 2

Adacroft Commons Active Price – $172,450

Adacroft Commons Active Price/SqFt – $113.17

Adacroft Commons Active Days on Market -155

Adacroft Commons SOLD Listings: 2

Adacroft Commons average sold price – $ 150,750

Adacroft Commons average sold price/SqFt – $87.61

Adacroft Commons average sold days on market –117

Market Synopsis: Adacroft Commons Homes are selling for under

$100/SqFt. The neighborhood Absorption Rate is 3 Months, sales

activity has slowed considerably and prices are lower than last year.

The key is “Home Condition”. If you still have the 1970’s and 80’s

kitchen, baths, and decor, you aren’t going to get top dollar for

your Adacroft home. If your home is priced appropriately,

you have the best chance of selling in this buyer’s market.

Forest Hills Michigan Real Estate Market Reports 2010

If you have detailed questions or just need general information

about Grand Rapids or Ada Homes, please contact me directly.

terry@terrywestbrook.com

or call 1-888-240-1968 ext 0

Adacroft Commons Entrance Photo by Bonnie Westbrook

Share this post :

_____________________________________________________________________________________________________