Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Watermark August 2009

The Residences at Watermark are located on Watermark Golf Course just

south of Cascade Road. Yes, I play Watermark golf course every chance

I get. Watermark is a premier course with friendly players.

It has an excellent grounds staff and a great pro shop staff, as well.

Watermark single family homes and condos make this a very attractive

place to live. Quality built homes with access off Cascade Road and

Spaulding Drive, you are close to the airport, 28th Street shopping,

I96 expressway and close to Cascade, Ada, and Forest Hills

schools and shopping areas.

Watermark Residences

August 2009 Real Estate Market Report

For Sale: 9

There are 9 active Watermark Homes currently on the market.

The median Watermark Homes current active price is $ 681,928

The average Watermark Homes current price per sq ft is $ 256.41

The average days on the market for active Watermark Homes is 122

The high price is $ 2,700,000 and the low price is $ 384,900.

Sold: 3

There have been 3 Watermark Sold Homes since Jan 1, 2009.

The average Watermark Sold Home price is $ 454,667

The average Watermark Sold Homes price per sq ft is $178.70

The average days on the market for Watermark Sold Homes is 167.

Pending: 0

Expired: 7

At the current rate of sales, we have a 24 month Absorption rate at the

Watermark Residences. This means that it will take 24 months for the

current listed homes to sell based on the current rate of sales.

Watermark buyers don't seem very interested at the present prices.

The listed avg. price/square foot is about $70 more than the 3 sales

so far this year. The $2.7 million home does inflate the figures but

price/sq ft should be similar. Summer has seen some activity here, but

overpriced homes just aren't selling no matter where they are located.

Additional articles about Watermark Residences:

Forest Hills Michigan Real Estate 2009

Watermark Country Club

Watermark CC Golf Pro ~ Mark Wilson

Watermark Country Club ~ Pool Time

The Grille Restaurant at Watermark

If you would like further information about Watermark Residences

Cascade or Forest Hills Homes, please contact me directly:

1-888-240-1968 ext 0