Orange OH Real Estate - Orange Home Statistics Spring 2010

Here is an unofficial list of all Orange Oh real estate sales during the first quarter of 2010. A summary with a state of the market will follow.
| 4200 Brainard Rd | $75,900 |
| 4949 Lander Rd | $122,000 |
| 29450 Jackson Rd | $160,000 |
| 28399 Pike Dr | $170,000 |
| 29599 Emery | $175,000 |
| 31150 Woodcrest Rd | $191,500 |
| 3909 Beechmont Trl | $322,500 |
| 4069 Orangewood Dr | $325,000 |
SUMMARY
Overall, Orange OH home sales were better during the first quarter of 2010 than during the same time period in 2009. So far this year we have had 8 sales at an average sales price of $192,738. Last year saw only 3 sales during the first 3 months of the year at an average sales price of $157,700.
In terms of current market activity, there are 9 homes under contract and most should transfer within the next 60 days. The significance of these homes is that 3 of them are currently priced over $500,000, indicating a willingness of luxury home buyers to get off the sidelines and start buying again. This should help increase the average home price in Orange, especially since there are typically few transactions in a given year in this very small town.
The tax buyer credit certainly helped many surrounding communities, especially those with home values predominantly under $200,000. However, although time will tell the affect of the credit on Orange OH real estate, it could have been a factor as those selling to first-time buyers are moving up and buying homes in Orange and surrounding suburbs.
It will be interesting to see how second quarter home statistics play out, but indications are leaning toward a stabilization of the local real estate market. Lower interest rates and increased consumer confidence should actually make 2010 a better year in real estate than 2009.
Below are articles of interest pertaining to other suburbs on the East side of Cleveland:
Beachwood Real Estate - First Quarter Market Report 2010
Pepper Pike Real Estate - First Quarter Market Report 2010
Solon Real Estate - First Quarter Market Report 2010
Twinsburg Real Estate - First Quarter 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 Orange Oh real estate and homes see Orange OH real estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
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Orange OH Real Estate - Orange Home Statistics Spring 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010


