AdaTowne, Ada MI ~ June 2008 Market Report

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

proximity of Ada Elementary, Forest Hills Central Middle and High Schools, Ada Christian

Schools, and close to the village of Ada. Adatowne is an established subdivision, being started

in the early 1970's by E.L. Ladd Builders of Ada. I have held many open houses in these new 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 (about 1000 sq ft) sold

for $ 19,900 in 1975.

Adatowne Residential Neighborhood in Ada, Michigan

June 2008 Stats for Residential Real Estate

5 homes sold, 1 pending, 1 for sale

Address Status Price Sq Ft Cost / Sq Ft DOM

6705 Adaridge For Sale 143,900 1056 136.26 74

7028 Adaridge Pending 149,900 2116 70.84 8

6869 Adaridge Sold 115,000 988 116.39 20

6885 Adaridge Sold 124,000 1270 97.63 81

6966 Rix St. Sold 119,625 1052 113.71 119 (Foreclosure)

6674 Adaridge Sold 142,000 1056 134.46 151

6824 Adaside Dr Sold 142,600 1028 138.71 260

The Ada area growth trends remain strong. Ada Township planner, Jim Ferro states that the

Ada population has grown by 20% since 2000. There is a new proposed 80 unit - Villas of Ada

and Stone Falls of Ada - a 210 unit apartment complex, currently under construction here.

If you would like further information about Ada Homes, please contact your neighborhood

specialist, Terry@TerryWestbrook.com, toll free at 1-888-240-1968 ext 1 Terry Westbrook.com

Terry Westbrook - Five Star Real Estate - Copyright 2008 All rights reserved

photo of Adatowne - Adaridge - Rix Street Entrance by Bonnie Westbrook