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Archive for September, 2009

Serenity Ridge Development, Walker, MI 49544

Serenity Ridge Development, Walker, MI 49544

The Serenity Ridge Development is the location of one of the most picturesque settings on the southwest side of Grand Rapids.  The understated entrance to the development is a marked contrast to the stunning residences which are mounted on gently rolling acreage which winds through wooded terrain.

The homes, which are site condominiums feature the ultimate in luxury.  Most of the residences are custom designed.  There is an association fee of $400 per year.   A leisurely drive through the community is marked by a sense of peace and serenity which in summer is accentuated by the gorgeous landscaping and mature trees.

Serenity Ridge is part of the Grandville school system although the development is located in the city of Walker.   The development is also a mere five minute commute to the Millineum Park and Johnson Park and also within 15 minutes to the downtown area of Grand Rapids.

For the discrimiating buyer who loves elegance and classic style, this development features the best of all worlds; serenely secluded privacy with the added convenience of accessibility to area attractions.

Average home prices in Serenity Ridge have traditionally retailed in the $350,00 -500,000+ range.  The develpment is also adjacent to another well appointed upper scale community called Canyon Creek Estates.

Although sales of luxury homes in West Michigan have not been very robust over the past 24 months, I anticipate that this will change as the market picks up and construction on the medical mile transitions to jobs in the medical field.  If you’re interested in pre-viewing the current inventory or considering a relocation to the West Michigan area, contact us at info@auduhomes.com for a complimentary list and neighborhood/community informational packet.

Click here to view a Lot Map of Serenity Ridge Subdivision.

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This summer has been busy.  It seems as though cooler than normal temperatures may have spurred a welcome increase in real estate activity. 

 According to data provided by the Grand Rapids Association of Realtors ®, real estate activity has showed signs of stabilizing over the summer months and last month the Multiple Listing Service actually posted the first gain in home prices in 16 months!

A recent Grand Rapids Press article highlights the challenges and the glimmers of hope emerging in the Grand Rapids real estate market.  

At Audu Real Estate, we have witnessed a remarkable increase in purchasing activity.  A recent inquiry by one potential home buyer on a hot property indicated that the home in question had received 11 offers!  This multiple offer scenario is increasingly common as buyers and investors compete for the best deals.

Right now, the $8,000 First Time Homebuyer Tax credit is set to expire on December 1,2009.  This means that homes must be purchased and closed prior to November 30,2009 to qualify for this incentive.  What does this mean to home buyers wanting to use this credit?

Well, for starters…you should definitely be out there looking!  Good inventory is moving quickly.  On the other hand,  lending standards have tightened significantly, thus increasing the average loan process to approximately 45 days to closing.  If you do the ‘math’ backwards, that means that to be safe, it would be wise to purchase your home before October 15th so your closing can occur before the deadline.

If you’d like to see what’s currently on the market, visit our website www.auduhomes.com.  You can also set up a private profile to update you whenever homes that match your criteria are listed or updated.

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