Ada Michigan Neighborhood Real Estate Market Report - Adatowne - Jan-Dec 2009

Adatowne is a popular entry level home market in the Ada area of

the Greater Grand Rapids metropolitan area.

Part of the appeal is the proximity of Ada Elementary, Forest Hills

Central Middle and High Schools, Ada Christian Schools, St Roberts

School and being close to the village of Ada. Adatowne is an

established subdivision, started in the early 1970's by E.L. Ladd

Builders of Ada.

I have held many open houses in these plats and sold many of

the homes as new construction - to be built.

If you doubt the power of your home as an investment, a basic

ranch in Adatowne (about 1000 sq ft) sold for $ 19,900 in 1975.

Adatowne Residential Neighborhood in Ada, Michigan

Jan- December 2009 Real Estate Market Report

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

Adatowne Active Listings: 2

Adatowne Average Active price - $132,450

Adatowne Active average price/SqFt - $87.71

Adatowne Active average days on market - 111

Adatowne Pending: 0

Adatowne Sold Listings: 7

Adatowne Average Sold Price - $ 134,400

Adatowne Average sold price/SqFt - $90.01

Adatowne Average Sold days on market -100

MARKET SYNOPSIS: Absorption Rate for Adatowne is 3.44 months,

which means it would take 3.44 months for the active listings to sell,

if no other homes entered the market, according to current sales

statistics. Price per square foot has went up for both sold

and active listings this year, though average sold price went down

by $30K. The market here was all over for price, topping at $133/SqFt

to a bargain $55 a sq ft. The larger homes brought the best price

per sq ft for sellers. Condition continues to be the difference

between getting the best price and selling at rock bottom.

Ada Michigan Real Estate Reports 2009

If you would like more information about Ada or Grand Rapids

Homes, please feel free to contact me directly.

Grand Rapids Ada MI Real Estate - Westbrook Realty

Copyright 2009 All rights reserved

Photo of Ada MI by Bonnie Westbrook