Cleveland Real Estate And More

Cleveland Oh Luxury Homes - Market Report First Quarter 2011

 

 

 

The following is our first quarter market report for Cleveland Ohio luxury homes, specifically the east side suburbs including: Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Hunting Valley, Moreland Hills, Orange, Pepper Pike, Shaker Heights, and Solon.  In this report, we will first list all luxury home sales during the first three months of this year, make a comparison between the first quarter this year to the first quarter of 2010, and finally give our commentary. A luxury home in the Cleveland Ohio market is considered any home that sells for $500,000 or greater.

 

ALL LUXURY HOME SALES IN CLEVELAND OH ( EAST SIDE ) FIRST QUARTER 2011

 

3140 Courtland Blvd	$500,000
75 Willow Wood Ln	$515,000
2513 Fairwood Court	$515,000
18501 South Park Blvd	$525,000
2800 Attleboro	$525,000
6452 Dorset Ln	$525,000
4820 Glengary	$537,500
3175 Montgomery Rd	$550,000
110 Hunting Trl	$550,000
6754 Winston Ln	$575,000
3225 Crabtree Ln	$620,000
25 Grey Fox Run	$640,000
2289 Stillman Rd	$700,000
37282 Tidewater Dr	$700,000
6040 Deer Run Dr	$705,000
38267 Flanders Dr	$715,000
3400 Old Brainard Rd	$900,000
29227 Shaker Blvd	$920,000
24875 Woodside Ln	$1,100,000
2925 Som Center Rd	$1,511,000

 

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2011              20                         $691,425

First Quarter 2010              26                         $708,673

 

Source: NEOHREX

SUMMARY

While both sales and average sales price of luxury homes here in Cleveland were lower during the first quarter of this year, we are seeing some signs of optimism. There are currently 31 pending transactions, several over $2,000,000. These should transfer within the next 60 days and really make a difference in the overall numbers.

Recently, there have been many published reports regarding the attitude of luxury consumers. Overall, there is a feeling that they are feeling more comfortable now making large purchases compared to a year ago. The reason is mostly the recent gains in the stock market, decrease in unemployment, and a general better outlook for the economy. Here is Cleveland, we saw a 50% increase in luxury car sales during the first quarter of this year, so perhaps the luxury home sector will also see gains as we move forward.

There is still a rather large inventory of luxury homes available. This means that luxury home sellers must price their homes aggressively if they want to sell. From a buyers perspective, it has never been a better time to buy.

 

Below are other articles of interest pertaining to Cleveland Ohio luxury homes:

The Importance Of Hiring A Luxury Home Agent

What Makes A Home "Luxury"

Local Agent Receives Luxury Home Designation

 

--------------------------------------------------------------------------------------------------------------------

About The Authors:

Dan and Amy Schuman specialize in Cleveland Oh Luxury Homes and both have designations pertaining to their expertise in selling luxury homes. Dan is an Accredited Luxury Home Specialist and Amy holds the  Certified Luxury Home Marketing Specialist designation.

For Ohio and Cleveland Oh real estate and luxury homes see Cleveland OH Real Estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

 

 

 

 LET'S CONNECT:

Cleveland Oh Luxury Homes - Market Report First Quarter 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2011

 

 

  Twinsburg Real Estate - Monthly Market Report July 2010

  

 

 

Here is a list of all homes that sold in Twinsburg during July, 2010. 

 

1933 Westwood Dr	$100,000
9592 E Idlewood	$102,000
1728 Westwood Dr	$110,000
2972 Country Club	$144,000
10272 Orchard Hill Ln #7c	$158,000
8965 Chamberlin Rd	$171,000
2939 Country Club Ln #4	$228,000
10333 Merriam	$236,000
2922 Mathers Way	$250,000
2958 Zenas Ct	$253,000
3218 Saint Mikala Ct	$254,990
3208 Saint Mikala	$258,990
10371 Andover Dr	$263,000
10416 Andover Dr	$264,000
2975 Waterford Dr	$282,000
1663 Jennifer Dr	$289,000
9288 Ashcroft Ln	$305,000
3000 Darien Ln	$315,000
2872 Sharon Ct	$360,000
3128 Saint Mikala Ct	$395,000

 

SUMMARY

Twinsburg OH real estate sales were down compared to last July, but are still up year-to-date.

Last month, we saw 20 home sales compared with 23 sales in July 2009. The average home price was up from last July, though, and continues to be up for the year.

All Sales           # of homes sold         Ave. Sales Price 

July 2010                  20                       $236,949  

July 2009                  23                       $200,935

Year To Date   # of homes sold         Ave. Sales Price 

 2010                       116                      $208,832  

 2009                       111                      $193,447

 

Twinsburg real estate got off to a quick start during the beginning of the year and has held its own compared to most local suburbs. The tax credit certainly helped increase sales during the first two quarters of the year and the momentum has continued throughout the summer months.

Local buyers are finding Twinsburg to be fairly affordable compared to higher-end suburbs located nearby. The housing is newer and buyers are seeing value. The average sales price continues to be higher than last year, a result of more higher priced homes selling and less distressed properties on the market.

Twinsburg has also received some great publicity lately being named the #1 Suburb by Cleveland Magazine in their most recent issue of "Rating The Suburbs". We anticipate that Twinsburg real estate sales in 2010 will continue to outperform sales from last year, especially as rates continue to remain at near historic lows.

Below are other articles of interest pertaining to Twinsburg Real Estate:

Twinsburg Real Estate - Bi-Annual Market Report 2010

Twinsburg Real Estate - Monthly Market Report April 2010 

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - Market Report February 2010 

Twinsburg Real Estate - First Quarter Home Statistics 2010

*****************************************************************************************

About The Authors:

This Twinsburg Ohio Real Estate Market Report is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.

The Schumans service the Eastern suburbs of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

For Ohio and Twinsburg OH real estate and homes see Twinsburg real estate

If you are looking to buy or sell a home in Twinsburg or surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

SEE ALL TWINSBURG HOMES FOR SALE BY CLICKING BELOW:

 

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

Twinsburg Real Estate -Monthly Market Report July 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©August2010

Solon Real Estate: Monthly Marketing Report May 2009

 

May was a decent month for Solon real estate in terms of actual sold homes here, evidence of things picking up during the spring market.

Specifically, 13 homes officially sold last month at an average sales price of $293,639. Last year, 20 homes sold in May for an average of $309,975.

Last month, only a few sales were bank owned homes, which is drastic change from the beginning part of 2009 when a large percentage of sold homes were bank owned. This means that there are less investors and bargain shoppers, and more serious end users looking to buy Solon real estate. The number of bank owned homes on the market has significantly decreased as well.

In addition, 3 of the homes that sold last month were considered luxury homes as they sold for over $500,000. This may be a step in the right direction as the Solon luxury home market as been extremely slow so far this year.   

Here is an unofficial list of all homes that SOLD in May, 2009 here in Solon.

SOLDS MAY 2009	SALE PRICE
5275 Brainard Rd	$130,000
7367 Cromwell Drive	$140,300
34454 Bramble Lane	$144,008
5838 Briarwood	$175,000
34780 Pettibone	$179,000
5259 Delray Ave	$181,500
7376 Cromwell Drive	$197,000
6972 Kingswood	$238,500
33200 Ashdown	$280,000
33453 Seneca Drive	$315,000
7381 Vahalla Drive	$501,500
37462 Tidewater	$555,500
28975 North Park Blvd	$780,000

SUMMARY

We are about to end the spring market and enter the summer market in just a few weeks. Although overall sales through the first 5 months of 2009 are lower than last year, there are currently 73 homes currently under contract in Solon. This is a direct result of increased buyer activity during April and May.

Moving forward, the next 45 days should be very busy as many buyers would like to plan their move to coincide with the beginning of the school year in August.  There are many buyers in the marketplace who have seen a lot of homes but just haven't made a final buying decision at this point. However, past history says that many of these buyers will indeed buy soon, once again, to get into their new home prior to school starting.

The Solon luxury home market, which had been somewhat active in 2008, remains slow going into the summer market. Of the 73 homes currently under contract, only 9 of them are considered luxury homes. The $500,000-$650,000 price range still seems to be seen as most attractive to buyers based on market statistics although great deals can be had on homes priced between $650,000-$900,000 as the inventory remains somewhat high with very little buyer activity.

Overall, there are currently 169 single family homes on the market in Solon, with 57 being listed over $500,000.

Also, inventory in known to increase right after the school year ends as some sellers who have their youngest child graduating from high school are known to put their homes on the market after graduation.

Check out previous Solon Ohio market reports:

April 2009 Market Report Solon Ohio

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

February 2009 Market Report Solon Ohio

January 2009 Market Report Solon Ohio 

2008 Year End Housing Summary Solon Ohio

2008 Luxury Market Report Solon Ohio

***********************************************************************************************

About The Authors:

Dan and Amy Schuman are Solon residents. They 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 the Schuman Team's listings sold in less than 60 days.

The Schuman Team also 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. They 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 Solon or the surrounding Eastern suburbs, please contact the Schuman Team as they would be happy to show you why people love working with them.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

 

VIEW ALL SOLON REAL ESTATE FOR SALE BY CLICKING BELOW

 

 

 

 

 

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

 

 

 

 

Solon Real Estate: Monthly Marketing Report May 2009 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June,2009