Cleveland Real Estate And More

Beachwood OH Real Estate 44122 - Home Value Report First Quarter 2011

Before we discuss the state of home values in Beachwood, OH, specifically in the zip code 44122, we will first provide a list of all the homes that sold during the first quarter in 2011. Then, we will show a comparison of March 2011 to March 2010, provide a statistical comparison between the first quarter of 2011 to last year, and finally provide commentary.

All Sales           # of homes sold         Ave. Sales Price              

March  2011               6                        $204,500               

March  2010               8                        $259,245

First Quarter 2011     15                       $292,667

First Quarter 2010     16                       $279,685 

*source NEOHREX ( Regional MLS )

COMMENTARY:

It's hard to believe that the first 3 months of the year are over. Overall, the Beachwood real estate market is holding its own compared to last year. We are still not seeing a lot of direction one way or another in terms of home values, but the warming weather will hopefully spur home buying as we enter the spring market. The fact that Cleveland was recently featured as one of the top Cities To Buy A Home could also help.

Traditionally, Beachwood has a limited housing inventory, so there is typically never an over supply of homes on the market. Beachwood is also viewed as a highly desirable area in which to live and work as it offers easy access to I271, superb amenities, excellent rated schools and some of the best shopping in all of Ohio. 

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Year End Report 2010

Beachwood OH Real Estate - Bi-Annual Market Report 2010

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About The Authors:

Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Beachwood Oh real estate and homes see  Beachwood Oh Real Estate

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

 LET'S CONNECT:

Beachwood Oh 44122 - Home Value Report First Quarter 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2011

Beachwood Ohio Real Estate - Year End Market Report 2010

Here is our official end of the year market report for Beachwood Ohio for 2010.  We will provide an analysis comparing last year to 2009 and then offer commentary.

Year      # of Homes Sold        Ave. Sales Price                High                  Low

2010                      104                      $270,145               $750,000            $68,000

2009                      117                      $258,802               $650,000            $62,000

Here is a breakdown of 2010 home sales in Beachwood by price bands:

Source: NEOHREX

Commentary: As you can see from the numbers listed above, home sales in Beachwood were lower in 2010 than in 2009. However, the average sales price did increase. In addition, the most popular price point for  sales last year was $200,000-$350,000. In fact, home sales in this price range made up approximately 45% of all sales.

Moving forward, we don't see 2011 sales being too far off from what they were in 2010. While interest rates are still near historical lows, the economy is moving slowly and consumer confidence is not high enough to indicate that a housing frenzy is coming any time soon. However, it is important to note that what happened to the housing market from 2003-2006 was very unusual, and that quick gains seen in home values during this time will likely never occur again. It is possible that we will be in a slowly moving market for quite a while.

However, if you are in the market to buy or sell a home, please take solace in knowing that in any market, there will always be buyers and sellers coming together. In addition, real estate in Beachwood is always very sought out as it offers ideal location, a fantastic housing stock, and is in close proximity to some of the best shopping in all of Ohio.

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About The Authors:

Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Beachwood Oh real estate and homes see  Beachwood Oh Real Estate

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

 LET'S CONNECT:

Beachwood Ohio Real Estate - Year End Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011

Beachwood Ohio Home Values Report - November 2010

Below are all homes that sold in Beachwood in November, 2010. We have also included a map indicating where all sales took place. The plus signs on the map indicate that more than one home sold in that particular area.

We will discuss the direction of home values in Beachwood OH at the bottom in the commentary section.

All Sales           # of homes sold         Ave. Sales Price              

November 2010           9                       $210,056                

November 2009          13                      $227,538

YTD 2010                    93                    $276,995

TYD 2009                  110                     $262,294  

*source NEOHREX ( Regional MLS )

COMMENTARY:

We will probably start sounding like a broken record to our readers but the trend of less sales and higher average sales price continues. This is about the 6th straight month that we have reported this trend.

When it comes down to it, there are less than 2 sales per month difference this year compared to 2009, so the numbers here certainly aren't drastic. It is always a little concerning though that rates continue to remain low yet sales figures are lower than last year.

We believe that home values in Beachwood have stabilized, and that the worst is behind us. The economy still plays a major part in consumer confidence and people here in Northeast Ohio are being very cautious when it comes to major purchases such as a home. Housing is typically at a premium in Beachwood because of the usually small inventory. There are currently only 56 single-family homes for sale.

We think there are a lot of buyers on the fence, just waiting for some more positive signs regarding the economy before they move forward on buying a home. The winter months are typically the slowest time of the year, so we won't be surprised to see low sales number over the next few months.

Overall, Beachwood is deemed a very desirable community to live and work because of easy highway access, excellent rated schools, and being in close proximity to the area's best shopping and restaurants.

Below are other articles of interest pertaining to Beachwood OH Home Values:

Beachwood OH Real Estate - Home Value Report 3rd Quarter 2010

Beachwood OH Real Estate - Monthly Market Report August 2010

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About The Authors:

Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Beachwood Oh real estate and homes see  Beachwood Oh Real Estate

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

 LET'S CONNECT:

Beachwood Ohio Home Values Report - November 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©December, 2010

 Beachwood OH Home Values - Report October 2010

Before discussing the direction of home values in Beachwood OH, we will first give monthly and yearly statistics for sales and average sales price. Commentary will be provided.

Here is a list of all homes that sold in Beachwood in October, 2010. 

All Sales           # of homes sold         Ave. Sales Price              

October  2010            6                        $366,363                

October  2009           11                       $287,591

YTD 2010                  83                       $284,067

TYD 2009                  97                       $266,952  

*source NEOHREX ( Regional MLS )

COMMENTARY:

Last months' sales figures were similar to the trend we've seen for the year, lower number of actual sales but higher average sales price.

When looking at home values in Beachwood, the statistics above should not be used to make a blanket statement on the overall market. Just because the average sales price is up 6.4% does not mean all Beachwood homes have increased in value by this amount as there are too many other factors that come into play.

It is fair to say that homes in Beachwood, because of limited inventory, typically hold their value over time better than many other area suburbs. There are certainly neighborhoods and price points that are deemed more desirable by local home buyers, and these homes may in fact see better gains in terms of home values. 

If you are looking to buy or sell a home in Beachwood, the best way to quickly find out what your home is worth is to click on the box below and you can sign up for a market report for your specific area. We also recommend enlisting the services of a local real estate agent at some point during the process. There is no substitute for the market knowledge that an agent can give you.

Overall, Beachwood is deemed very desirable by those relocating to the Beachwood OH area due in part to easy access to the highway, excellent rated schools, and being in close proximity to the area's best shopping and restaurants.

Below are other articles of interest pertaining to Beachwood OH Home Values:

Beachwood OH Real Estate - Home Value Report 3rd Quarter 2010

Beachwood OH Real Estate - Monthly Market Report August 2010

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About The Authors:

Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Beachwood Oh real estate and homes see  Beachwood Oh Real Estate

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

 LET'S CONNECT:

Beachwood OH Home Values - Report October 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November, 2010

Beachwood OH Real Estate - Home Value Report 3rd Quarter 2010 

Before we discuss home values and trends in Beachwood, OH, we will first provide a list of all the homes that sold in here during the month of September. We will then provide a statistical comparison between the third quarter of 2010 and the same time period in 2009.

All Sales           # of homes sold         Ave. Sales Price              

Sept.   2010               7                        $313,500                

Sept.   2009               7                        $288,608

YTD 2010                  77                       $277,654

TYD 2009                  86                       $264,312  

*source NEOHREX ( Regional MLS )

COMMENTARY:

Last month's home sales in Beachwood were equal to those from September of 2009. However, the average sales price was higher.

As has been the theme the last few months, the market is basically holding steady, with no real direction up or down. The fact that the average home price is higher than last year is certainly good news, but may be due more to fewer distressed sales this year than an actual increase in Beachwood home values.

We caution home buyers and sellers not to concentrate too much on national housing statistics and headlines, as they do not necessarily reflect what is going on here in the Cleveland area. In addition, real estate is not only local, but hyper-local in that certain suburbs, and even specific neighborhoods, could see valuations differ than those of other nearby areas. Getting the advice of a local real estate expert is critical if you are looking for accurate information concerning the value of your Beachwood home.

Moving forward, the fall market will last until Thanksgiving, then the market typically slows down until the beginning of January. 

From a demand standpoint, Beachwood has a limited housing inventory, so there is typically never an over supply of homes on the market. Beachwood is also viewed as a highly desirable area in which to live and work as it offers easy access to I271, superb amenities, excellent rated schools and some of the best shopping in all of Ohio. 

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Bi-Annual Market Report 2010

Beachwood OH Real Estate - Monthly Market Report July 2010

Beachwood OH Real Estate - Year End Market Statistics 2009 

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About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood Real Estate - Home Value Report 3rd Quarter 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October,2010 

Beachwood OH Real Estate - Monthly Market Report August 2010 

Here are all home sales in Beachwood for August, 2010: 

All Sales           # of homes sold         Ave. Sales Price              

August 2010             11                      $291,773                

August 2009             13                      $271,915

YTD 2010                  68                      $269,410

YTD 2009                  79                      $262,159  

*source NEOHREX ( Regional MLS )

COMMENTARY:

Last month's market statistics were about in line with where they were this time last year. Overall, year-to-date sales are still down compared to last year while the average home price is still up.

The local real estate market is still moving slowly, without a lot of direction either way. The beginning of the year started out strong for Beachwood real estate sales, but things have tapered off a bit as of late. Low interest rates should be causing more activity in the market, yet market statistics don't seem to reflect this.

The fall market is now upon us and will continue until Thanksgiving. We will be reporting 3rd quater market statistics for Beachwood next month and it will be interesting to see how we compare to last year.

Beachwood has a lot to offer its residents including ideal location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood is viewed locally as a very desirable community in which to work and live, and those relocating to the area typically put Beachwood on their list of suburbs to consider.

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Bi-Annual Market Report 2010

Beachwood OH Real Estate - Monthly Market Report July 2010

Beachwood OH Real Estate - Year End Market Statistics 2009 

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About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood OH Real Estate - Monthly Market Report August 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©August,2010 

Beachwood OH Real Estate - Monthly Market Report July 2010 

Here are all home sales in Beachwood for July, 2010: 

All Sales           # of homes sold         Ave. Sales Price              

July 2010                  8                       $330,875                

June 2009                14                      $307,750

YTD 2010                 57                      $265,094

YTD 2009                 66                      $260,237  

*source NEOHREX ( Regional MLS )

COMMENTARY:

While we got off to a fairly good start to the year, the summer months have been much slower in terms of Beachwood home sales compared to last year.

The good news is that the average home price is still up year-to-date, although overall sales are down from 2009.

While some area suburbs have seen increases in sales, many are down compared to last year. However, average sales prices are up in most areas compared to 2009. 

Overall, the local Cleveland real estate market is not showing any major signs of a quick turn around and in fact, some economists say the worst is still yet to come. Rates are at historic lows yet home sales are still lagging. It appears that our local real market will continue to struggle until the economy shows signs of improvement.

The silver lining is that this is really a great time for home buyers. Home prices are attractive in all price points and move up buyers especially are in prime position to take advantage of the current real estate market.

In terms of Beachwood Oh real estate, the demand remains fairly high because of an an excellent rated school system, solid tax base, and an active business community.

Beachwood has a lot to offer its residents including ideal location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood is viewed locally as a very desirable community in which to work and live, and those relocating to the area typically put Beachwood on their list of suburbs to consider.

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Bi-Annual Market Report 2010

Beachwood OH Real Estate - Monthly Market Report April 2010   

Beachwood OH Real Estate - Year End Market Statistics 2009 

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About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood OH 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. ©August,2010 

Beachwood OH Real Estate - Bi-Annual Market Report  2010 

The year is now half over, giving us plenty of data to determine an accurate state of the real estate market here in Beachwood OH. We will first give a list of all homes that sold in Beachwood last month, and then show a monthly and year-to-date comparison to 2009. 

Here are all sales in Beachwood for June, 2010:

All Sales           # of homes sold         Ave. Sales Price              

June 2010                12                      $232,833                

June 2009                18                      $274,695

YTD 2010                 49                      $254,354

YTD 2009                 52                      $247,446  

*source NEOHREX ( Regional MLS )

COMMENTARY:

While last month wasn't as good as June 2009, year-to-date figures suggest that this year is fairly even to last year in terms of actual number of sales. The good news is that the average sales price is slightly higher this year compared to last year. In addition, although not indicated above, the average market time to sell a home in Beachwood so far this year is 100 days compared to 137 days in 2009.

What does this mean? While we anticipated home sales to surge throughout the area in general due to the home buyer tax credit, which expired on June 30th, Beachwood was not an area greatly affected.  This is most likely due to the fact that first time buyers, who were the ones most likely taking advantage of the tax credit, were not as likely to buy in Beachwood. The first-time buyers were more likely buying in nearby inner-ring suburbs, where home prices are more affordable. 

While it appears the market has stabilized, we don't anticipate seeing sales numbers that we saw during the boom years of 2003-2007 perhaps ever again. The expectations of home buyers and sellers in Beachwood may have to be redefined.

While interest rates are near historic lows, the economy is not totally recovered from the recession. Some economists believe we are still in recovery mode while others see rougher times ahead. In the end, the economy affects major buying decisions, such as housing, and until we see more signs of long-term growth, especially in the unemployment figures, the local housing market will continue to move along slowly.

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Monthly Market Report April 2010   

Beachwood OH Real Estate - Year End Market Statistics 2009 

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About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood OH Real Estate - Bi-Annual Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©July,2010

Disclaimer: The Schuman Team practices real estate in Ohio. Since many states have different laws and protocol regarding a real estate transaction, we recommend consulting a qualified local legal professional prior to entering into any written agreement. This blog contains observations and opinions related to our first hand experience working with buyers and sellers in Ohio, but should not be construed as legal advice.  Accuracy is not guaranteed. 

Beachwood Real Estate - Monthly Market Report April 2010

Here is a summary of homes that sold in Beachwood during the month of April, 2010 and a comparison to April 2009. We also included year to date figures through the first 4 months of the year for both 2010 and last year as well.

All Sales           # of homes sold         Ave. Sales Price              

April 2010                4                        $245,250                

April 2009                6                        $244,920

YTD 2010               20                        $272,798

YTD 2009               23                        $246,794  

*source NEOHREX ( Regional MLS )

Commentary: 

The Beachwood OH home statistics look very similar this year compared to 2009. In terms of home sales, we are close to last year's figures. However, the average price of a home in Beachwood is higher so far this year compared to the same time period during 2009. It will be interesting to see if this trend continues, but the lack of bank owned homes in Beachwood could certainly help increase this figure compared to last year.

The real indication of market activity is the number of homes that are under contract. There are currently 30 homes under contract in Beachood, which is a very high number for a smaller community like Beachwood. Many of these homes sold during the last 30 days, and 7 sold during the last week of April, a direct result of buyers wanting to take advantage of the home buyers tax credit.

We anticipate the number of sales to be above normal over the next 2 months with mid-year numbers to be ahead of where they were during the same time period in 2009. We do anticipate a slower May with the expiration of the tax credit decreasing demand, but summer months, which are typically the busiest of the year, should still be good. Interest rates are still low and demand for Beachwood Oh real estate remains solid thanks in part to an excellent rated school system, solid tax base, and an active business community.

Overall, Beachwood has a lot to offer its residents including great location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood continues to be a very desirable community in which to work and live.

Below are other articles relating to Beachwood home statistics:

Beachwood Real Estate Year In Review 2009

Beachwood Market Report Third Quarter of 2009

Beachwood Ohio Monthly Market Report April 2009

Beachwood Ohio First Quarter Market Report 2009

Beachwood Ohio Year End review 2008

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ABOUT THE AUTHORS:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood Real Estate - Monthly Market Report April 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010

Beachwood Real Estate - 2009 Year End Home Statistics

Wow, what a year for the Beachwood real estate market. Here is our official 2009 Beachwood Real Estate year in review complete with a comparison to 2008.  

All Sales           # of homes sold         Ave. Sales Price              Ave. Days on Market 

2009                       116                        $259,309                             110  

2008                        94                         $254,132                              91

Highest Sale = $650,000

Lowest Sale = $66,500

Luxury Sales     # of homes sold        Ave. Sales Price              Ave. Days on Market

2009                        10                           $569,200                             128

2008                         2                            $564,500                               62 

*source NEOHREX ( Regional MLS )

Commentary: 

By looking at these Beachwood home statistics, you would never believe that we were in a recession last year. Overall sales were up almost 25% from 2008. Additionally, the average sales price also increased from 2008 as well, the first such increase since 2005.

In addition, the amount of Beachwood luxury homes that sold also significantly increased in 2009. Overall, if there was an official bottom of the housing market in Beachwood, it is well behind us at this point.

With a solid tax base, excellent rated schools, and an active Chamber of Commerce, Beachwood real estate is usually in demand. Beachwood offers its residents great location with easy access to I271, superb amenities, and access to some of the best shopping in all of Ohio. Beachwood continues to be a very desirable community in which to work and live.

Below are other articles relating to Beachwood home statistics:

Beachwood Market Report Third Quarter of 2009

Beachwood Ohio Monthly Market Report April 2009

Beachwood Ohio First Quarter Market Report 2009

Beachwood Ohio Year End review 2008

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ABOUT THE AUTHORS:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

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

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood Real Estate - 2009 Year End Home Statistics is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010