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
Hi Dan and Amy -- I love reading your market reports as they are so easy to read, very clear and understandable. I love your panoramic photo as well. I hope the sales continue after the expiration of the tax credit. Beachwood is a great place to call home with the lower taxes, great highway access, highly ranked schools and attractive business climate.
Thank you for commenting, Chris. We appreciate your kind words and we also hope sales continue now that the tax credit has expired.