LUXURY HOME SALES REPORT MARCH 12,2009
Here is a list of all Cleveland area luxury homes that have either sold or gone under contract so far in 2009. This report focuses on Cleveland's Eastern suburbs, specifically: Beachwood, Gates Mills, Hunting Valley, Moreland Hills, Orange, Pepper Pike, and Solon. Luxury homes in the Cleveland marketplace are officially defined as those that sell for over $500,000. Addresses in BOLD indicate sold homes.
| SOLD OR UNDER CONTRACT | ||
| 25335 Letchworth | $500,000 | |
| 26701 Bernwood | $525,000 | |
| 7401 Vahalla Drive | $529,000 | |
| 7593 Royal Portrush | $535,000 | |
| 6709 Winston Lane | $560,000 | |
| 6749 Winston Lane | $570,000 | |
| 7387 Vahalla Drive | $600,000 | |
| 3100 Legends Way | $600,000 | |
| 2485 Buckhurst Drive | $679,000 | |
| 7244 Castle Pine Drive | $649,900 | |
| 33375 Woodleigh | $650,000 | |
| 7508 Prairie Dunes Ct | $703,000 | |
| 80 Cableknoll Lane | $775,000 | |
| 28975 North Park Blvd | $830,000 | |
| 28220 Red Raven | $875,000 | |
| 29975 Bolingbrook | $1,050,000 | |
| 1967 Woodstock | $1,215,000 | |
| 7062 Gates Mills Blvd | $1,249,000 | |
| 37300 Fairmount Blvd#1 | $1,548,500 | |
| 850 Ashford Ct. | $6,500,000 |
Commentary: In the suburbs mentioned above, there have been an average of 5 luxury homes sold per month over the last 6 months. Since there are currently 172 luxury homes listed for sale, it would take almost 3 years to sell all of these homes, provided no more homes came onto the market during this time.
Here is a breakdown by location of current active luxury homes:
| Orange | 7 | |
| Beachwood | 11 | |
| Hunting Valley | 20 | |
| Gates Mills | 21 | |
| Moreland Hills | 23 | |
| Pepper Pike | 40 | |
| Solon | 42 |
For more information on luxury homes in the Cleveland area, please take a look at the following articles:
Cleveland Area Luxury Home Marketing Group Created
Solon Luxury Home Market Summary - 2008
Solon Ohio Real Estate: Luxury Home Marketing Report Feb. 2009
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The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.
If you are looking to buy or sell a home in Beachwood, Moreland Hills, Orange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.
Dan and Amy Schuman use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days.
To see all luxury homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009
