Bainbridge Ohio Home Values - October 2010
Before discussing Bainbridge Ohio home values, we will go over last month's sales numbers and also give a year to date analysis.
Here is a list of homes that sold in Bainbridge in October 2010.
| 18283 Chillicothe Rd | $85,000 |
| 8558 Tanglewood Trl | $138,000 |
| 17614 Millbrook | $175,000 |
| 8759 Holly Springs Trl | $220,000 |
| 7676 Cope Dr | $274,000 |
| 8825 E Pilgrim Dr | $275,000 |
| 2-S/L Edwards Landing #2 | $300,000 |
| 8125 Knolls Way | $310,000 |
| 8374 Bainbrook Dr | $350,000 |
| 17197 East View Dr | $475,000 |
All Sales # of homes sold Ave. Sales Price
October 2010 10 $260,200
October 2009 9 $376,834
YTD 2010 103 $306,556
YTD 2009 84 $327,778
SUMMARY
As you can see from the figures above, sales are better than last year, although the average price of a home in Bainbridge is lower. While most surrounding areas, such as Solon and Twinsburg, have seen a higher average sales price and less sales, Bainbridge has been just the opposite, which is neither good nor bad.
The fact that there are more sales is a good thing, and rates being at or near their historic lows certainly has helped. The fact that the average sales price is lower this year compared to 2009 could be due to more lower priced homes selling and not as many luxury homes selling in Bainbridge, and not necessarily a drop in home values.
When looking at home values in Bainbridge the statistics above should not be used to make a blanket statement on the overall market. Just because the average sales price is down about 6.5% compared to last year does not mean all Bainbridge homes have lost value. There are several other factors that come into play here.
Certain neighborhoods and price ranges are going to be deemed by buyers as more desirable and will tend to hold their value better than other areas. Location and amenities will also make a difference in the value of a home. If you are looking to buy or sell a home in Bainbridge, 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. An agent who knows the market and has seen the inventory will be able to help you determine the value of your Bainbridge 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 Bainbridge Oh real estate and homes see Bainbridge Oh Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Bainbridge Ohio Home Values - October 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November, 2010
thank you for the great wealth of information and update on your area, Great work! Wishing you the best!
Good info and reliable as always! Thanks!
Vick - Thank you for your kind words.
Christine - Always nice to hear from you. Thanks for reading.
Dan and Amy--Looks like you are definitely local experts! Great information in a format easy to understand! I am originally from Ohio, so I always enjoy reading about anything and everything on the Buckeye State!!
Pat - Thank you for your comments. It's always nice to hear from a fellow Buckeye.