Cleveland Real Estate News

I hope you all had a chance to unwind and be with friends or family over Thanksgiving. Now I am assuming most of you are back at work so time for more blogging!  Today I am looking at one of my favorite east side neighborhoods, encompassing zip code 44110. It’s one of those places I call a hidden treasure. You can own property there and have beach front privileges;  you can have easy highway access. And are very close to Downtown. Plus I love the mixed architectural styles there. This area includes North Collinwood.

Today I’m posting statistics for single family and multi-family sales in zip code 44110. The stats cover the period from March 1, 2008 until today. These are homes listed with area brokerages which is why I have access to the information.

Single Family Homes Zip Code 44110

There are 65 single family homes for sale as of today. (This tells you there is not a glut of homes/large inventory on the market in this community).

There are 9 contingent sales or homes waiting for inspections and mortgages to be approved. There are 19 pending sales, or homes waiting to close/file at the courthouse for the new owner. That means there are currently 28 homes under contract.

There have been 77 single family home sales since March 1st. The Average Sale Price was $36,297 and $25 a square foot. The Average listing price was $40,955. The average number of days these 77 homes were on the market was 82.

The sale prices ranged from about $4,165 for a 3br, one bath colonial built in 1907 (bank owned) to a 1967 built 2,952 sq. ft. home with 13 rooms, 5 brs and two baths. This home sold for $330,000.

Multi-Family Home Sales Zip Code 44110

There are 21 multi-family homes available for sale today

There are five contingent sales and five pending, so ten homes are under contract as of now.

Since March 1st, 22 multi-family homes have sold in this zip code. They ranged in sales price from about $1,875 for a two family home to a $97,500 two family on E. 169th – this one is gorgeous with old world moldings along with new ‘stuff’ like roof, windows and an upgraded kitchen.

The Average Sale Price was $30,005; the Average Listing Price was $32,342 (so definitely these homes sold for close to listing prices). The average number of days these 22 homes were on the market was 77 days.

Do you like to go to the Beachland Ballroom? How about walk along the Lake? Or visit the E. 185th historic business district for libations or shopping? This is truly a cool neighborhood!  Peace out – 3C