Cleveland Real Estate And More

Twinsburg OH Real Estate 44087 - Home Values Report First Quarter 2011

In this report, we will first list all Twinsburg Oh home sales in the 44087 zip code for last month, and then give a comparison to the first quarter this year versus 2010. Commentary will follow. 

TWINSBURG OH HOME SALES MARCH 2O11

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2011              28                         $175,550

First Quarter 2010              33                         $185,583

March 2011                         12                         $170,442

March 2010                         15                         $175,423

SUMMARY

Homes sales and the average sales price were down during the first quarter of this year. In terms of sales, last year saw a surge of activity due to the home buyer tax credit. So, we anticipate sales to be lower at least through the first half of this year compared to 2010. While the average sales price did go down compared to last year, we believe it is a little too early to determine if this is a trend that will continue throughout the year.

When looking at home values in Twinsburg, the above statistics cannot be used to make a blanket statement on every home in the market. There are certainly neighborhoods and price points that are deemed more desirable by local home buyers, and these areas will often hold their value even if overall statistics show a slight downward trend.

If you are looking to buy or sell a home in Twinsburg, the best way to find out what your home is worth is to enlist the services of a local real estate agent. There is no substitute for the market knowledge that an agent can give you.

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

Twinsburg Oh Real Estate - Year End Home Value Report 2010

Twinsburg Real Estate - Third Quarter Home Value Report 2010

Twinsburg 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 Twinsburg Oh real estate and homes see  Twinsburg OH real estate

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

 LET'S CONNECT:

Twinsburg Oh 44022 - Home Values 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 Ohio Year End Market Report 2010

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

Sales     # of Homes Sold        Ave. Sales Price                High                  Low

2010                      183                    $207,145               $409,000            $46,000

2009                      216                    $194,832               $460,000            $20,000

Here is a break down of all 2010 sales by specific price bands:

Source: NEOHREX

Commentary

We saw less home sales this year in Twinsburg, but the average price increased. We attribute that to less distressed sales, especially in the under $100,000 price point.

While many of the area's older suburbs such as Pepper Pike saw an increase in sales and purchase price, cities with newer housing such as Twinsburg and Solon saw a decrease in sales.

There is no way to tell why this may be, but one theory states that there are more people under water on their mortgages in areas like Twinsburg, thus they are not able to price their homes to sell. The last 10 years saw a large amount of sales in newer subdivisions such as Ethan's Green, and many buyers put very little money down during the years when low down payment loans were the norm. Consequently, a lot of the folks now looking to sell have little or no equity, making sales more difficult.

Moving forward, we anticipate sales and average sales price to remain flat for a while here in Twinsburg until the local economy improves. However, with rates remaining low, it still remains a favorable time to buy, especially those that are moving up to a larger home.

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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 Twinsburg Oh real estate and homes see Twinsburg OH real estate

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

LET'S CONNECT:

Twinsburg 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

Twinsburg Ohio Home Values Report - November 2010

Below is a list of all homes that sold in Twinsburg in November. We have also included a map indicating the location of the homes that sold last month.  The plus signs indicate more than 1 sale in that particular area. 

                            # of Homes sold          Ave. Sales Price 

November 2010              12                      $217,452  

November 2009              27                      $208,933

Source for statisics and map: NEOHREX MLS 

SUMMARY

Over the past few months, we have noticed the number of sales start to decrease compared to last year. The good news is that the average sales price last month was higher than it was last year at this time.

Home values in Twinsburg are showing some signs of life. However, the trend compared to 2009 of less sales and higher values is a little concerning, especially given that interest rates remain relatively low. We feel that the home buyer tax credit caused more sales to happen during the beginning part of the year, and that may be why we are seeing less sales during the fourth quarter.

Regardless of what is going on in the market, there are always going to be neighborhoods and price points that do better than others. If you are looking to find out the value of your Twinsburg home, talking to an experienced local agent is highly recommended.

Moving forward, the winter months are typically the slowest times of the year. However, this is also the time that bargain hunters come out. Their feeling is that great deals are to be had, especially on vacant homes where a seller may be tired of the carrying costs and thus more motivated to sell.

Look for our popular end of the year home values report for Twinsburg next month. Until then, we wish all of our readers a happy holiday and safe and healthy New Year.

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

Twinsburg Real Estate - Third Quarter Home Value Report 2010

Twinsburg 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 Twinsburg Oh real estate and 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:

Twinsburg 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

Twinsburg OH Home Value Report - October 2010

Below is a list of all homes that sold in Twinsburg last month. We will provide a comparison to last October and also give year to date analysis as well. The commentary section will provide insight on the direction of home values in Twinsburg.

                          # of Homes sold         Ave. Sales Price 

October 2010              12                      $167,650  

October 2009              16                      $221,681

YTD 2010                     151                    $207,725  

YTD 2009                     177                    $196,798

SUMMARY

Homes sales and the average sales price were down last month compared to last October. While we don't yet see a trend, last month did see quite a few sales of lower priced homes. Overall, the average price of a home in Twinsburg is higher this year than in 2009.

When looking at home values in Twinsburg, the above statistics cannot be used to make a blanket statement on the overall market. We cannot simply say that based on the average price being higher than last year, Twinsburg is seeing an increase of 5%+ in values. 

There are certainly neighborhoods and price points that are deemed more desireable by local home buyers, and these areas tend to hold their value better than others. However, the higher average home price could very well be a result of less lower priced bank owned homes being sold this year.

If you are looking to buy or sell a home in Twinsburg, the best way to find out what your home is worth is to enlist the services of a local real estate agent. There is no substitute for the market knowledge that an agent can give you.

Moving forward, we are heading into the holiday season, and sales typically do taper off at this point, so we don't anticipate seeing the market make any significant moves until the spring. 

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

Twinsburg Real Estate - Third Quarter Home Value Report 2010

Twinsburg 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 Twinsburg Oh real estate and 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:

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

Twinsburg Real Estate - Home Value Report 3rd Quarter 2010

Before discussing the direction of home values in Twinsburg, we will first give a list of all homes that sold here in September. We will also show a year-to-date comparison between this year and 2009. 

Year To Date   # of homes sold         Ave. Sales Price 

Sept.   2010              10                       $191,899  

Sept.   2009              25                       $182,296

YTD 2010                   139                    $211,185  

YTD 2009                   161                    $194,325

SUMMARY

While total number of sales are down, the average sales price is up from last year. We saw a ton of activity during the first half of the year in Twinsburg, but the third quarter was relatively slow in terms of sales.

When looking at home values in Twinsburg, it is important to understand that real estate is local. National real estate statistics are fine to look at in order to see the big picture of the U.S. market, but they are not helpful when it comes to figuring out one's home value locally.

Based on the above statistics, it is fair to say that home prices have at least stabilized. It is too early to tell if home values are increasing. Some experts believe home values in Twinsburgare going up, while others feel that the fewer number of distressed sales have only stabilized the market, but it is not really increasing.

Determining the value of a specific home is much more difficult than just looking at overall statistics, as every home is unique. If you want to know the value of a specific home in Twinsburg OH, it is best to contact a local real estate expert, someone who knows the inventory inside and out. 

Overall, Twinsburg has been very popular lately, having been named the #1 Suburb by Cleveland Magazine in their most recent issue of "Rating The Suburbs". Local buyers and those relocating to the area are finding Twinsburg to be fairly affordable compared to higher-end suburbs located nearby. 

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

Twinsburg Real Estate - Monthly Market Report July 2010

Twinsburg Real Estate - Bi-Annual Market Report 2010

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - First Quarter Home Statistics 2010

Twinsburg Restaurants - Our Favorites

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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 - Home Value Report 3rd Quarter 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October2010

Twinsburg Real Estate - Monthly Market Report August 2010

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

SUMMARY

Real estate sales in Twinsburg OH were down last month compared to the same period of time in 2009. However, average sales price was higher than in 2009.

Specifically, we saw 15 home sales last month compared to 25 in August 2009. Here is a comparison from last August as well as updated year-to-date figures.

All Sales           # of homes sold         Ave. Sales Price 

August 2010              15                       $248,343  

August 2009              25                       $210,256

Year To Date   # of homes sold         Ave. Sales Price 

 2010                       131                      $213,357  

 2009                       136                      $196,537

Things have cooled off a little bit since the home buyer tax credit expired at the end of June. Twinsburg real estate got off to a quick start during the first two quarters of the year but the entire local real estate market has slowed considerably since then. Until last month, we have been up in total sales and average sales price compared to 2009. However, the average sales price of a home in Twinsburg has increased since last year, which we view as a positive sign.

Local buyers and those relocating to the area are finding Twinsburg to be fairly affordable compared to higher-end suburbs located nearby. The fact that Twinsburg was named the #1 Suburb by Cleveland Magazine in their most recent issue of "Rating The Suburbs" has put a spotlight on this great community and may lead to increased home sales.

We anticipate that Twinsburg real estate will continue to do better this year in terms of average sales price, compared to last year. The actual number of sale may continue to lag behind though. The fall typically sees new inventory come on the market, especially right after Labor Day. So, continued low rates and new inventory may result in increased sales, especially among move-up buyers.

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

Twinsburg Real Estate - Monthly Market Report July 2010

Twinsburg Real Estate - Bi-Annual Market Report 2010

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - First Quarter Home Statistics 2010

Twinsburg Restaurants - Our Favorites

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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 August 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©September2010

Twinsburg OH Real Estate - Our Favorite Twinsburg Restaurants

Cleveland Magazine recently named Twinsburg the #1 suburb in Greater Cleveland for 2010.  If you are going to visit - or even move there, you need to know where to eat!  Here are a few of our favorite Twinsburg area restaurants.

Beijing Garden

Chef Shawn Chen's great cooking has made this spot so popular, that they have recently expanded.  By far this is my favorite Chinese restaurant in the area.  They have a great variety of vegetarian choices, but the whole menu is simply delicious.  My favorite dish is the simple, but perfect Shrimp with Broccoli.   They do offer carry out - but bring the whole family and enjoy the fun lazy susan tables in the new dining room.  Oh - and NO MSG is ever added to the food!  7995 Darrow Rd., Twinsburg

D'Angelos Ristorante   Right in the same shopping center you will find this Italian gem.  Family owned and operated, D'Angelos  offers high quality classic Italian fare as well as low fat and vegetarian options.  As a New Jersey native, I am rarely wowed by local Italian restaurants - but this is the real deal.  On a weekend - reservations are highly recommended.  7995 Darrow Rd., Twinsburg

Blue Canyon Kitchen & Tavern

Probably one of Greater Cleveland's most beautiful restaurants.  Enter and be whisked away on vacation to the great American West in this grand lodge.  Chef Brandt Evans prepares wonderful creative American cuisine to please any palette.  While I love the warmth of the fire during the cold winter months, Blue Canyon also has an amazing outdoor patio that let's you get away from it all while dining right in the heart of Twinsburg.  8960 Wilcox Dr., Twinsburg

We hope you'll enjoy these restaurants as much as we do.  

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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 OH Real Estate - Our Favorite Twinsburg Restaurants is the property of The Schuman Team and may not be duplicated or used without their written consent. ©September2010

  Twinsburg Real Estate - Monthly Market Report July 2010

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

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

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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

 Twinsburg Real Estate - Bi-Monthly Market Report 2010

The following is our bi-annual market report for the first half of 2010. We will begin by showing home sales in Twinsburg for June, and then give commentary.

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

SUMMARY

Twinsburg OH real estate sales are up both for the month, and year-to-date.

Overall, we saw 25 home sales last month, up from 22 last year. The average price of a home in Twinsburg is up from 2009 as well.

All Sales           # of homes sold         Ave. Sales Price 

June 2010                 25                       $230,315  

June 2009                 22                       $204,373

Year To Date   # of homes sold         Ave. Sales Price 

 2010                       94                        $205,602  

 2009                       88                        $191,489

Twinsburg real estate has had a very good first half of the year. We believe that the local real estate market has really benefited from the home buyer tax credit. The fact that a majority of home sales over the last 60 days have been moderately priced homes, those typically attractive to those taking advantage of the credit, backs up our belief.

While the rise in sales this year compared to 2009 isn't overwhelming, the increase in average sales price is definitely a good sign. We are seeing less low-end bank owned homes sell here in Twinsburg, which has had a positive affect on the overall sales prices. We also have 39 homes currently under contract, indicating that the summer months could continue to do well.

We anticipate that Twinsburg real estatesales in 2010 will continue to outperform sales from last year. Low interest rates and a good supply of affordable homes continue to make Twinsburg very appealing to local buyers.

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

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

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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 May 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June2010

 Twinsburg Real Estate - Monthly Market Report May 2010

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

SUMMARY

The sales of Twinsburg OH real estate are ahead of last years numbers and things should continue to be good through June 30th, the day the home buyer tax credit ends.

Overall, there were 13 homes that sold in Twinsburg last month. Here are how things compared last month to May 2009. We have also included year to date figures.

All Sales           # of homes sold         Ave. Sales Price 

May 2010                 13                        $225,108  

April 2009                 17                        $166,976

Year To Date   # of homes sold         Ave. Sales Price 

 2010                       69                        $196,648  

 2009                       66                        $187,195

Twinsburg real estate greatly benefited from the home buyer tax credit as evidenced by the 41 homes that are currently under contract. We anticipate next months' report, our semi-annual market report, to show in increase in both the number of sales and average sales price in Twinsburg compared to 2009.

The real question is what happens during the second half of 2010? While most experts agree that the tax credit helped fuel sales in many areas of the country, especially those with affordable housing, like Twinsburg, whether the market can sustain the increase demand in housing is debatable.

The summer season, which is typically the busiest season of the year, could help continue the momentum created by the tax credit. In addition, low interest rates and a slowly improving economy are helping people feel more comfortable with the thought of buying or selling a home.

Regardless of what happens over the next few months, a nice home that is competitively priced will stand out from the competition and be viewed as more attractive to buyers. Outdated homes that are overpriced will continue to sit and be passed by.  

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

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 May 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June2010