Cleveland Real Estate And More

head_left_image

Pepper Pike OH Real Estate - Year In Review 2011

Pepper Pike OH Real Estate Year In Review 2011

 

Pepper Pike Market Reports 

 

 

Here is our official 2011 year in review for Pepper Pike Oh real estate, complete with a comparison to 2010. We will provide commentary after giving statistics on the Pepper Pike housing market.

Year                   # of Homes           Ave. Sales Price         Sales Price/List Price    Ave. Days on Market

2011                    89                               $402,418                       88.22%                          194

2010                    85                               $435,535                       91.99%                          159

 

Here are all 2011 home sales in Pepper Pike broken down by price points:

 

Pepper Pike sold homes 2012 price band comparison

Source: NEOHREX

 

COMMENTARY

A great year in 2010 was followed by even higher sales in 2011. However, as opposed to last year when we saw an increase in both sales AND average sales price, the average sales price of a home in Pepper Pike decreased from last year. The activity in the luxury home market ( those priced over $500,000) was decent with 25 sales. Although not as strong as 2010, it was much better than the 14 luxury homes that sold in 2009.

In addition to looking at Pepper Pike statistics, we also think it's important to note real estate activity in the other two suburbs that are also part of the Orange School District ( Moreland Hills and Orange ). Both Moreland Hills and Orange saw an increase in the average price of a home in 2011. Moreland Hills saw an increase in sales compared to 2010 while Orange saw sales numbers decrease.

Overall, the numbers indicate that the worst is behind us although the local real estate market is still moving along very slowly.  There have been some positive signs in the economy which will hopefully help the local housing market. 

There are some fantastic deals on homes in Pepper Pike right now, and continued low rates make this a great time to buy.

 

Pepper Pike is a very small community on the east side of Cleveland. It is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.


View Pepper Pike Ohio in a larger map

 

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

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 Pepper Pike Oh real estate and homes see Pepper Pike OH real estate

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

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

 

LET'S CONNECT:

Subscribe via RSS! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter!

 

Pepper Pike OH Real Estate Year In Review 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2012

Pepper Pike Ohio Home For Sale In Law Suite

Pepper Pike Home For Sale - 27950 N Woodland Road, Pepper Pike, OH 44124

 

JUST LISTED

FABULOUS HOME WITH AN IN-LAW SUITE!

OFFERED AT $299,000

 

Pepper pike home for sale with in law suite

 

Progressive Reserve Auction ( Not A Live Auction ). SUBMIT ALL OFFERS NOW! Auction date is deadline for bids which are reviewed daily. An offer may be accepted at anytime. List Price is the Suggested Starting Bid.This is not your typical Pepper Pike home. Large room sizes and a versatile floor plan make this a perfect home for that very particular buyer. One of the highlights is a main level in-law suite that contains its own kitchen, bedroom, full bath and additional sitting room or office with a separate entrance. It could also be used as great space for a home based business.

The master bedroom has a loft that could be used as an office or workout area. With an open great room, family room, and library, this home has a ton of space. Immaculate and well-maintained, it is situated on a picturesque wooded lot on a private dead end street. This fine home is located in the excellent rated Orange School District and has easy access to the highway and local shopping. Great Location and unlimited possibilities abound in this very special home.

 

 

 

Pepper pike home for sale 27950 N WoodlandPepper pike home 27950 N woodlandPepper pike home with in law suite

Pepper pike home Pepper Pike 27950 N WoodlandPepper pike home for sale

 

 

View Larger Map

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

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.

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

LET'S CONNECT:

Subscribe via RSS! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter!

Pepper Pike home for sale in law suite is the property of The Schuman Team and may not be duplicated or used without their written consent. ©August, 2011

Pepper Pike OH 44124 - Home Value Report First Quarter 2011

Pepper Pike OH  44124 - Home Value Report First Quarter 2011

pepper pike home value report 

 

Before we discuss the direction of home values here in Pepper Pike, we will first give a list of all homes that sold during the first quarter of 2011. We will show a comparison of sales for the first quarter this year compared to the first three months of 2010. We will also do a comparison of March 2011 to the previous year. Finally, we will provide commentary.

ALL HOME SALES IN PEPPER PIKE, ZIP CODE 44124 FIRST QUARTER 2011

2411 Lander Rd $114,500
29776 S Woodland Rd $175,000
29475 Bolingbrook $227,000
6220 North Pointe Dr $232,469
30899 E Landerwood $254,900
2744 Kersdale $292,000
1 Hunting Hollow Dr $325,000
32005 Fairmount Blvd $383,000
29475 S Woodland Rd $470,000
4820 Glengary $537,500
3400 Old Brainard Rd $900,000
29227 Shaker Blvd $920,000

 

 

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2011                12                         $402,614 

First Quarter 2010                19                         $418,447

March 2011                           4                          $254,125

March 2010                           8                          $493,750

*source NEOHREX ( Regional MLS )

SUMMARY

The first quarter sales are typically a result of homes that went under contract either towards the end of 2010, or the beginning of this year. During the cold weather months, sales tend to be slower, with bargain hunters picking up lower-end homes. While sales and average sales price are both lower compared to 2010, it's too early to tell if this is a trend or simply chalk it up to really bad weather, including brutally wet and cold spring weather.

Pepper Pike real estate had a very good year last year compared to 2009, so we are looking for things to pick up during the second quarter.

 

Pepper Pike real estate will continue to be regarded by many as very desirable thanks in part to the excellent rated ( by the State of Ohio ) schools, picturesque homes on beautiful 1 acre wooded lots, and ideal location. 

Other articles of interest pertaining to Pepper Pike Oh real estate:

2010 Year End Market Report

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

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 Pepper Pike Oh real estate and homes see  Pepper Pike OH real estate

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

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

 

 LET'S CONNECT:

Subscribe via RSS! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter!

 

Pepper Pike OH 44124 - 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

Pepper Pike OH Year End Market Report 2010

Pepper Pike OH Year End Market Report 2010

 

 

Pepper Pike Ohio Homes For sale

 

Here is our official 2010 year in review for Pepper Pike Oh real estate, complete with a comparison to 2009. We will provide commentary after giving statistics on the Pepper Pike housing market.

Year      # of Homes Sold        Ave. Sales Price              High                  Low

2010                      85                     $448,058                $1,500,000          $115,000

2009                      71                     $383,267                $1,500,000          $117,000

 

Here are all 2010 home sales in Pepper Pike broken down by price points:

 

Pepper Pike home sales

Source: NEOHREX

Commentary

Pepper Pike real estate had a great year in 2010 considering the overall state of the real estate market.  In fact, Pepper Pike was one of the only area suburbs to see increases in both number of sales and average sales price. Even more impressive was the activity in the Pepper Pike luxury home market. This past year saw 31 luxury home sales ( those over $500,000 ) compared to only 14 in 2009. A truly remarkable figure.

It looks like all three suburbs connected to the Orange School District ( Moreland Hills, Orange, and Pepper Pike ) have seen the bottom of the market and things are beginning to stabilize. High-end buyers are obviously more comfortable with making a purchase decision, aided by low interest rates and sellers who are more reasonable with their pricing than in the past. 

Pepper Pike is a very small community on the east side of Cleveland. It is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.


View Pepper Pike Ohio in a larger map

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

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 Pepper Pike Oh real estate and homes see  Pepper Pike OH real estate

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

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

 

 LET'S CONNECT:

Subscribe via RSS! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter! Follow Me On Twitter!

 

Pepper Pike Oh 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

Pepper Pike Real Estate - Home Value Report 3rd Quarter 2010

Pepper Pike Real Estate - Home Value Report 3rd Quarter 2010

pepper pike home value report 

 

Before we discuss the direction of home values here in Pepper Pike, we will first give a list of all homes that sold during the 3rd quarter of 2010. We will also include a comparison to the same time period in 2009.

 

27399 N Woodland Rd $115,000
2438 Windy Hill Dr $157,000
32399 Pinetree Rd $210,000
29099 Fairmount Blvd $265,000
3038 Forest $298,000
2840 Lander Rd $330,000
3497 Courtland Rd $330,000
30076 Gates Mills Blvd $340,000
2632 Brainard Rd $360,000
31220 Shaker Blvd $385,000
2650 Butternut Ln $425,000
3250 Willowbrook Dr $425,000
32631 Meadowlark Way $437,700
28129 Belcourt Rd $501,250
31129 S Woodland Rd $505,000
31175 Northwood Dr $523,000
3311 Oak Knoll Dr $607,000
2544 Ginger Wren Rd $650,000
2455 Botanica #34 $705,195
29875 Bolingbrook Rd $900,000
2634 Butterwing Rd $1,000,000
31200 Edgewood Rd 1,100,000
31900 Pinetree Rd $1,500,000

 

All Sales                          # of homes sold         Ave. Sales Price 

Third Quarter 2010                23                         $524,745  

Third Quarter 2009                20                         $333,520

YTD 2010                               69                         $461,219

YTD 2009                               52                         $373,403

 

SUMMARY

To begin, one thing to remember is that national housing statistics don't necessarily reflect what is really going on in here in Cleveland. In fact, real estate is so local, that certain suburbs, such as Pepper Pike, could actually be faring better than neighboring areas.

Specifically, things are starting to look favorable regarding sales and home values in Pepper Pike. Sales are up not only this past quarter, but year-to-date as well compared to last year. The average home price is also higher this year than in 2009. Given the current state of the economy, these statistics are actually quite impressive.

A major factor helping Pepper Pike home values is the significant growth of the luxury home market, specifically those homes valued at over $500,000. So far this year, we have had 26 homes sell for more than $500,000, compared to only 12 during the same time in 2009. We can conclude that high-end buyers are much more confident moving forward with a major purchase this year compared to last year.

Overall, while historically low interest rates certainly have helped fuel the market, we feel that home sellers are much more realistic, at least here in Pepper Pike, regarding their home values. This has helped bring buyers and sellers together to create a more favorable real estate market.  

Pepper Pike real estate will continue to be regarded by many as very desirable thanks in part to the excellent rated ( by the State of Ohio ) schools, picturesque homes on beautiful 1 acre wooded lots, and ideal location. 

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

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 Pepper Pike OH real estate and homes see Pepper Pike real estate

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

VIEW ALL PEPPER PIKE OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

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

Pepper Pike Real Estate - Quarterly Market Report Spring 2010

Pepper Pike Real Estate - Quarterly Market Report Spring 2010

Here is an unofficial list of all Pepper Pike real estate home sales during the first quarter of 2010. A summary will follow.

 

28900 S Woodland Rd $142,500
30780 Providence $210,500
3187 Kersdale Rd $225,000
27900 N Woodland $240,500
31200 Fox Hollow Dr $260,000
3534 Rolling Hills $280,000
33475 Pinetree $295,000
3455 Courtland Rd $300,000
31499 Trillium Trl $310,000
2504 Ginger Wren Rd $310,000
6075 North Pointe $400,000
30651 Ainsworth Dr $500,000
30850 Summit Ln $530,000
3130 Lander Rd $535,000
3715 Greenwood Dr $572,000
30650 Ainsworth Dr $590,000
2549 Ginger Wren Rd $625,000
2890 Alvord $700,000
3420 Old Brainard $925,000

SUMMARY

First quarter sales of Pepper Pike real estate here in 2010 are very similar to those from the same time period of 2009. In fact, here is a comparison between the two years:

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2010                19                          $418,447  

First Quarter 2009                16                          $421,168 

The fact that the numbers are similar may be a strong indication that the market has stabilized. If this is the case, then buyers and sellers alike should feel more comfortable making decisions moving forward.

Another good indication of true market activity is by noting how many homes are currently under contract. At this time, there are 27 homes under contract, and 3 are listed for over $1,000,000, another very good sign that buyers are feeling more confident about the market.

The rise in the stock market during the first quarter and slightly growing economy may be contributing to the resurgence of the luxury home market in Cleveland, and specifically in Pepper Pike.

While the tax buyer credit has fueled sales in the area, it is too early to tell if it had a major affect on Pepper Pike homes as these are typically priced much higher than what first time buyers spend on average.

Overall, Pepper Pike real estate is regarded by many as very desirable thanks in part to the excellent rated ( by the State of Ohio ) schools, beautiful 1 acre wooded lots, and ideal location.

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

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 Pepper Pike OH real estate and homes see Pepper Pike real estate

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

VIEW ALL PEPPER PIKE OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

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

Pepper Pike Home Statistics

PEPPER PIKE HOME STATISTICS

Here is an unofficial list of all home sales during the third quarter of 2009 in Pepper Pike, Ohio. A summary with a state of the market will follow.

 

28099 Fairmount Blvd $140,000
2467 Windy Hill Dr $150,000
2461 Windy Hill Dr $160,000
3013 Brainard Rd $165,000
31999 Pinetree Rd $188,000
2891 Alvord Place $189,000
28888 Shaker Blvd $225,000
3085 Lander $235,000
29349 Bryce Rd $250,000
28575 Settlers Ln $299,900
2907 Alvord Place $300,000
29499 Gates Mills Blvd $330,000
30575 Brookwood Dr $336,000
30900 Gates Mills Blvd $357,500
16 Pepper Ridge Rd $480,000
31159 Shaker Blvd $500,000
5100 Muirfield Dr $515,000
5 Laurel Hill Ln $560,000
31339 Shaker Blvd $615,000
33349 Fairmount $675,000

 

SUMMARY

Third quarter sales of Pepper Pike real estate here in 2009 are similar to those of 2008. In the third quarter of 2009, we have had 20 home sales at an average sales price of $333,520. Last year we had 17 homes sell during the third quarter at an average price of $399,232.

Year to date figures in terms of number of sales are similar as well. So far this year there have been 52 homes sell at an average price of $373,403. During the same time period in 2008, there were 54 sales at an average price of $459,337. 

While these Pepper Pike home statistics indicate similar buyer activity to last year in terms of number of sales, the average home price is significantly lower this year compared to 2008. The main reason is that there have been more sales of bank owned homes in Pepper Pike and other distressed sales in the under $250,000 range. In addition, there have been less home sales in the luxury home range, that being over $500,000. Last year through three quarters, we had a total of 7 home sales of $250,000 or less. This year so far, we have had 17 home sales of $250,000 or less. In addition, there have been only 3 sales this year over $750,000 where last year through three quarters we had 7.  

Pepper Pike real estate is still regarded as highly desirable. Thanks to the excellent rated Orange School District, great location, and picturesque wooded lots not found in many other area suburbs, homes in Pepper Pike are still sought out by local buyers and those relocating to Cleveland as well. 

As the Pepper Pike home statistics indicate, there are more lower end homes selling, bringing about a great opportunity for first-time buyers and bargain hunters. Overall, homes are still selling, although homes that are updated and priced well will sell quicker than those that are not. The sales of higher-end homes, especially those over $750,000, probably will not pick up until the economy shows more signs of improvement, thus keeping the average sales price lower than we have seen in recent years.  

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

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  Pepper Pike or the surrounding Eastern suburbs, please contact the Schuman Team at 216-346-3235. 

VIEW ALL PEPPER PIKE HOMES FOR SALE BY CLICKING BELOW:

search all orange homes here

SEE ALL CLEVELAND AREA HOMES FOR SALE

 

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

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

Pepper Pike Real Estate: Bi-Annual Market Report First Half 2009

Here are all sales in Pepper Pike for June, 2009 and a summary of the first half of the year.

SOLDS JUNE 2009 SALE PRICE
   
2525 Windy Hill Drive $186,000
31950 Gates Mills Blvd 195,000
31000 Fox Hollow Drive 277,500
3525 Rolling Hills Drive 375,000
2630 Snowberry 498,500
5105 Muirfield Drive 515,000
34 Pepper Creek 855,000

 

Overall, June was a decent month in terms of home sales in Pepper Pike.

Specifically, 7 homes officially sold last month at an average sales price of $414,571. Last June, we had 14 sales at an average of $602,211. Included in this number are 2 sales over $1,500,000.

In addition, we had 2 luxury home sales last month ( sold for over $500,000 ) compared to 5 in June 2008.

MID YEAR ANALYSIS

Here is a comparison of 2008 to 2009:

In the first half of 2008, there were 37 homes sold for an average price of $486,953.

In the first half of 2009, there were 31 homes sold for an average price of $405,377.

The Pepper Pike luxury home market had 13 sales in the first half of 2008 for an average price of $844,269.

The Pepper Pike luxury home market had 7 sales in the first half of 2009 for an average price of $722,357.

SUMMARY

Overall, sales and average sales price are down in 2009 compared to last year. However, there are 17  homes currently under contract. 

The average sales price and number of sales in most East side communities is down so far this year. The  luxury home market, especially the $1,000,000 + price range is especially slow as well.

Moving forward, the next few weeks could see buyers making serious buying decisions so they can get into a home before the start of the school year.  We may see a slowdown in August, but the fall market is typically good.

Overall, there are currently 90 single family homes on the market in Pepper Pike, with more than half ( 47 ) being listed over $500,000. In fact, there are 11 homes currently listed over $1,000,000. Considering that only 1 luxury home has been selling a month this year in Pepper Pike, it would take almost 4 years for the current luxury home inventory to be absorbed by the market, and that doesn't account for additional homes coming on the market. It is a good time for luxury home buyers, but obviously not sellers.

Check out previous Pepper Pike market reports:

Pepper Pike Monthly Marketing Report April 2009

Pepper Pike First Quarter Market Report 2009

Cleveland East Side Luxury Home Report First Half 2009

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

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 relocation.

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

 

VIEW ALL PEPPER PIKE HOMES FOR SALE

 

view all Pepper Pike homes for sale

 

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

  


Pepper Pike Real Estate: Bi-Annual Market Report First Half 2009  is the property of The Schuman Team and may not be duplicated or used without their written consent. ©July2009

Pepper Pike Real Estate: Monthly Market Report April 2009

The Pepper Pike real estate market got off to a decent start in the beginning of the year and has been able to hold steady as we enter the spring market.

Specifically, 6 homes sold in April 2009, which is the same number of homes that sold during the same period last year. The good news is that year to date, homes sale are up 33% in 2009 compared to last year. In addition, recent activity shows that 7 homes went under contract in April. 

Here is an unofficial list of all homes that SOLD in April in Pepper Pike.

 

SOLDS APRIL 2009 SALE PRICE
   
30699 Summit $155,000
30550 Shaker $247,000
3420 Lawton Lane $260,000
32381 Meadowlark Way $460,000
4600 Glengary $501,500
3100 Legends Way $610,000

 

SUMMARY

The spring market is in full force and market activity has increased throughout the area. Buyers are feeling slightly more confident as the stock market and economic reports suggest a possible end in sight of the recession.

There are serious buyers ready to make a buying decision in Pepper Pike but are just waiting to find that special home. Sellers who price their homes competitively have the best chance of selling and achieving their goals. Activity should continue to be brisk at least until mid 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 previous Pepper Pike Ohio market reports:

Pepper Pike Ohio Market Report First Quarter 2009

Pepper Pike Ohio Market Report Jan/Feb 2009

Pepper Pike Ohio Year End Market Report 2008

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

ABOUT THE AUTHORS:

The Schuman Team uses 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 their listings sold in less than 60 days. They also specialize in luxury homes and work extensively with buyers and sellers who are relocating in or out of the area.

Click here to see all homes listed for sale in the Cleveland area.  For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

If you are looking to buy or sell a home in BeachwoodMoreland HillsOrange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact them as they would be happy to show you why people love working with the Schuman Team.

 Check out the Schuman Team's award-winning website.

Subscribe to blog

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

Twitter Button from twitbuttons.com

 

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

 

Pepper Pike Ohio Real Estate: First Quarter Market Report 2009

The first quarter is officially over and the Pepper Pike real estate market fared pretty well during what is considered to be the slowest quarter of the year.

Officially, 13 homes sold during the first three months of 2009 compared to 12 during the first quarter of 2008.  

Here is how the first quarter of 2009 compares with the same time period from 2008 here in Pepper Pike:

Year # Of Sold Homes Ave. Sale Price Ave. Market Time
2009 13 $439,591 135  
2008 12 $408,493 150  

SUMMARY

The fact that more homes sold in the first quarter of 2009 than during the same time period last year is a good sign for real estate in Pepper Pike. Additionally, the average sales price is up from last year and market time is down.

Moving forward, the second quarter should be off to a good start. There are currently 14 homes under contract, many occurring within the last 30 days. This may be a sign of increased activity. Also, the new $8000 first time buyer tax credit could have a positive impact on home sales in a higher-end suburb like Pepper Pike. First-time buyers will be more likely to buy in areas like Lyndhurst, University Heights and other more affordable areas, allowing those sellers to move up and buy homes in upscale areas like Pepper Pike.  

Check out other quarterly reports from nearby suburbs:

Bainbridge Ohio 2009 First Quarter Market Report

Beachwood Ohio 2009 First Quarter Market Report

Moreland Hills Ohio 2009 First Quarter Market Report

Orange Village 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. The Schuman Team uses 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,BeachwoodMoreland HillsOrange, 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 .

Subscribe to blog

 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