Cleveland Real Estate News

I love Berea because it’s a great mix of the old and new.  It started out with a huge sandstone factory/quarry, added a substantial globe-making industry (sold mostly to schools), has a small town feel (with only about 19,000 residents as of the 2000 census) yet lots of modern housing.  It’s the home of the [...]

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It depends.  Michael Murphy analyzes the issue in a recent article for Market Watch.  He says it’s a great time to buy real estate (foreclosed or short sale).  He says some markets may be different, and some people may think he’s telling people to do this now and that’s too soon.  I agree with him, [...]

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I had a request to analyze home sales in Cleveland Heights.  The market is different from neighborhood to neighborhood, from city to city.  Cleveland Heights has experienced high home listing inventories over the past three years, and as of today, there are 417 single family homes listed for sale.  That is still 1) high 2)good [...]

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Parma still has a sizable inventory of homes listed (over 500) but having clients in Parma afforded my business partner Melissa Bennett and I the ability to scope out the market there. What we found: good traffic at open houses, good group of qualified buyers.  And they bought!  (almost 400 sold this year.)  The stats [...]

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If these stats can be believed, the Midwest had much stronger housing recovery this year than the West and East. NuWire Investor writes that housing sales show strong growth.  “….The Cleveland-Elyria-Mentor, Ohio metro area followed with 20.5% quarterly and 62% yearly gains….” I certainly saw three times the number of buyers/sellers as last year, but [...]

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My professional opinion is healthy!  The number of homes in inventory in some areas still exceeds 300 listings, but there are currently only 95 homes for sale giving buyers a good choice without being unhealthily excessive.  The average listing price in Fairview as of today is $178,011  and the average amount of time these homes [...]

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I liked examining this zip code because while most of it is in Shaker, it also encompasses parts of Warensville, Orange and Beachwood.  My stats are as usual, only covering homes (single family here) listed and sold by area brokers. But I did glean some info from the new County Data base (auditor’s site). Here [...]

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The short answer seems to be yes. I’m sure you’ve read print, web and tv reports about the National housing market having more activity (buyers writing offers) this year – and same media reporting on NE Ohio sales being highest in last few years. Made sense to me to put that to the test and [...]

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Part One of this comparison of home sales  dealt with Downtown Cleveland, West Side suburbs and West Cleveland. Now I’m moving on to the east side. Only doing single family homes and these are the homes listed with area brokerages.  As comparisons go, it’s pretty interesting, especially since it deals with months in which it’s [...]

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We keep asking, is the economy improving, are housing sales improving?  And lots of people have weighed in.  Here are eight communities to start off this type of comparison/discussion as it relates to home sales in NE Ohio.  I’m comparing sales in these eight communities ranging from April through July in each of the two [...]

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