Cleveland Real Estate And More

Bainbridge Home Statistics

Here are all home sales last month in Bainbridge:

 

SOLDS October 2009	SALE PRICE
17682 Eastbrook Trl	$90,000
18900 Geauga Lake Rd	$177,500
17096 Eastview Dr	$215,000
7682 Country Ln	$336,000
7860 Bainbrook	$417,500
17340 Red Fox Trl	$530,000
18770 Brewster	$710,000

SUMMARY

Overall, there were a total of 7 homes sales in Bainbridge in October at an average sales price of $353,714. Last October saw 13 sales at an average of $338,808. Year to date, there have been a total of 81 homes sales with an average sales price of $325,850. There were 94 home sales through the first 10 months of 2008 with an average sales price of $332,555.

While homes sales are down in terms of number of sales, these Bainbridge home statistics show that the average sales price is fairly close to what is was last year. A possible sign of the bottom of the market. The good news is that the Bainbridge luxury home market, homes that sell for over $500,000, is about in line with last years figures. This is significant because many surrounding areas, including Solon, have seen a drastic decrease in luxury home sales.

There are currently 21 homes under contract, making it a possibility that we will have as many sales in 2009 as we had in 2008. The average sales price will also be close to what it was last year.

What does this all mean? To begin, it may mean that things won't get worse and perhaps 2009 will be the bottom in terms of Bainbridge real estate values. This could be the sign many buyers have been waiting for as the economy slowly improves and their decision to buy will be made easier knowing homes prices are no longer depreciating. 

There are still a lot of homes on the market in Bainbridge, especially in the luxury home market, and it should continue to be a buyers market here for quite a while.

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

 

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.The Schumans are experts in the Cleveland Ohio real estate market and specialize in luxury homes, home staging, and working with buyers relocating to Cleveland.

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

VIEW ALL BAINBRIDGE HOMES FOR SALE BY CLICKING BELOW:

 

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

Bainbridge Home Statistics is is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Nov,2009   

 BAINBRIDGE OHIO MARKETING REPORT - FIRST QUARTER 2009

  

 

 

 

 

 

 

 

 

 

The first quarter has been rather slow in terms of overall sales in the Bainbridge real estate market.

Specifically, only 9 homes have officially sold in 2009 compared to 18 during the first quarter of 2008. Here is a comparison between 2009 and 2008:

A COMPARISON OF FIRST QUARTER HOMES SALES - BAINBRIDGE OHIO 2009 VS. 2008

	Ave. Sale Price	Ave. Price Sq./Ft	Ave. Market Time
2009 - 9 sold	$305,333	$86.98	124
2008 - 18 sold	$331,988	$110.97	163

SUMMARY

First quarter sales are typically the direct result of buyer activity during the late fall and early winter months. Overall, this period was slow area wide. However, there are 13 homes currently under contract in Bainbridge. Of these 13 homes, 4 would be considered luxury homes, as they are priced over $500,000. This is a good sign of recent activity.

In addition, 26 homes have gone on the market over the last 3 weeks. This may be a sign that sellers are no longer afraid of unfavorable market conditions and have confidence that the spring market will bring buyers.

Conversely, home buyers will have additional homes to choose from, many which are priced very competitively. It is a fantastic time to be a buyer in this market.

Check out Market Reports for other nearby suburbs:

Beachwood Ohio 2009 First Quarter Market Report

Moreland Hills Ohio 2009 First Quarter Market Report

Orange Village Ohio 2009 First Quarter Market Report

Pepper Pike Ohio 2009 First Quarter Market Report

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

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

About The Authors:

Dan and Amy Schuman reside in the eastern suburbs of Cleveland. 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 specializes in luxury homes. They are founding members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and also members 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 Bainbridge,Beachwood, Moreland Hills, Orange, Pepper Pike, Solon, or the surrounding Eastern suburbs of Cleveland, please contact the Schuman Team as they would be happy to show you why people love working with them.

To see all homes currently on the market in the Cleveland Ohio area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

Check out the award-winning website, www.schumanteam.com .

 or CLICK HERE to visit the Schuman Team blog and then save it as one of your favorites.

All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009

MONTHLY REAL ESTATE MARKETING REPORT

  

 

 

 

 

 

 

 

 

 

The Bainbridge real estate market has gotten off to a slow start here in 2009 in terms of actually sales, but has picked up steam over the last 30 days or so.

Specifically, only 3 homes have officially sold in 2009 compared to 13 sales through the first 60 days of 2008.  This means that the fall of 2007 was much more active than the fall of 2008. A major factor for this significant drop in sales is the economy.

However, over the last 60 days, 9 homes have gone under contract. This is a good indication of current buyer activity. This is a sign that there are serious buyers in the Bainbridge. 

SUMMARY

Here is an unofficial list of all homes that recently went under contract, and a separate list of all homes that have SOLD so far this year in Bainbridge.

 

RECENTLY UNDER CONTRACT	List Price
18171 Chillcothe	$66,000
16782 Medina St	$70,000
8099 Westhill Dr	$105,900
7049 Woodland	$109,900
18754 Elmwood	$114,000
17606 Eastbrook	$195,000
8850 S Spring Valley Dr	$275,000
9102 Lake In The Woods	$275,000
7560 Trails End	$650,000

 

SOLDS JAN/FEB 2009	Sale Price
7383 Samuel Lord Dr	$223,000
9505 Mallard	$310,000
7550 Cottonwood Trail	$903,000

 

WHAT'S NEXT?

Right now, the inventory of homes is stale as very few new homes have come onto the market during the winter months. Buyers have been buying the lower priced bank owned homes. Overall, the serious buyers have seen everything in their price range and have not been overwhelmed enough by any of them to make a serious buying decision. These buyers typically have defined exactly what they want and are just waiting for the right home to come on the market. They are also watching to see if the price of a current listing decreases enough for the home to become more appealing.

The spring market is just around the corner and we anticipate a lot of homes coming onto the market in the next 60 days. Activity should really pick up from April -July as many buyers with school aged children will want to be settled into their new home for the start of the school year in August.

Check out Market Reports for other nearby suburbs:

Beachwood Market Reports

Pepper Pike Market Reports

Solon Market Reports

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

If you are looking to buy or sell a home in Bainbridge, 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. 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.

To see all 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