There are 226 single family homes on the market in 44105 as of today. There are 95 homes under contract (12 are contingent and waiting for inspections and mortgages to be finalized and 83 are pending sales or waiting to close and transfer title).

For the homes currently under contract (the above 95), the average list price for the contingent 12 was $12,033 and the 83 pending, a $15,685 listing price.

The highest price sales were four homes in Millcreek (both town home and detached single family) between $129,000 and $198,500. The highest sale price for a home in the other areas was a single family for $59,900.

The total number of homes sold in 2008 in Cleveland’s 44105 was 468.  446 of them sold for $50,000 or under.

There are 114 multi-family homes for sale in Cleveland’ s  44105 zip code today. 102 are doubles/duplexes; the rest are three and four family homes.

There are five contingent sale homes and 31 pending; that makes a total of 36 multi-family homes under contract currently.

During 2008, 200 multi-family homes sold. The highest sale price was for a double on Forman that sold for $75,000.

Kate, I hope you find this useful, and if you need any thing else, let me know!

Peace Out - 3C

All but

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See http://www.allaboardohio.org/cms/index.php for more information…

All Aboard Ohio supports state transportation task force recommendations

All Aboard Ohio, the only statewide citizens association whose mission is to
advocate for improved passenger rail and transit services, welcomes and
supports the recommendations of the Ohio 21st Century Transportation
Priorities Task Force. The task force recommended to Gov. Ted Strickland and
the Ohio General Assembly that they should develop a more multi-modal
transportation system that puts much greater emphasis on railroads and
public transportation than it has in the past. 

All Aboard Ohio was a member of the task force through its Northeast Ohio
Director Kenneth Sislak. The task force brought together many diverse
interests, including those representing public transportation, freight
railroads, economic development, environmental issues, labor, biking,
aviation, waterways and, of course, highways. 

“The recommendations issued today (Jan. 6) are the kinds of policies and
projects which we believe would create jobs in Ohio in a responsible,
sustainable way that respects the challenges of the 21st century,” said All
Aboard Ohioâ?Ts Interim Executive Director Ken Prendergast. “We are facing
very difficult economic, energy and environmental questions. Our fragile
economy and environment cannot afford to ignore these questions or respond
to them inadequately. Bold answers are needed and All Aboard Ohio believes
this report offers them.”

The full task force report can be downloaded here:
http://www.dot.state.oh.us/groups/tft/Pages/default.aspx

One of the most important sections of the report, All Aboard Ohio believes,
is in Recommendation M (see Page 54), which would “Establish a dedicated and
adequate source of funding for public transit, including buses, light rail,
streetcars, trolleys, intercity and intra-city passenger rail.”

The text in Recommendation M also refers to the previous section, for
Recommendation L, where it called for the state of Ohio to: 

> Through a voter referendum that amends the state constitution â?” levy a
new special motor fuel tax using the revenue from that special tax to secure
bonds, and making both the proceeds of the bonds and the increased revenue
available to all transportation modes. 

> Target a specific percentage of the proceeds of the bonds and the
increased revenue to support public transit, including both intercity and
intra-city passenger rail, including the planned Ohio Hub system (see
www.ohiohub.com).

HOW YOU CAN HELP

Please let your state senators and representatives in Columbus know how you
feel about this report and what they should do with its recommendations. 

Call their offices or write a short letter in your own words that has this
basic message: “I support dedicated state funding for passenger trains and
public transit at dollar amounts recommended in the transportation task
forceâ?Ts report. That includes dedicating new gas taxes to the development
and operation of passenger trains and public transit.”

Thank you for any positive communications you can make with your state
legislators to support trains and transit!

One Last Reminder: Our 3C Corridor Stakeholders Meeting is tomorrow morning, 7:30 to 9:30 am at the Corner Alley on East Fourth.  Plenty of time for you to come and here a group of informative speakers and enjoy a full breakfast as well.  Details here.   Peace Out - 3C

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Euclid had 585 single family homes sell in 2008. There are 514 single family homes for sale currently.

There were 13 two family units sold and there are 23 multi-family homes for sale. Most are two family homes but there are a handful of three and four unit homes.

Mayfield Heights had 191 single family homes sold in 2008. There are 126 homes listed for sale as of today.

The housing stock of multi-family homes is much smaller in this community. But, there was one two family sold and there are two doubles listed for sale today.

The city of Lakewood saw 435 homes change to new owners last year. There are 308 single family homes listed for sale today.

Lakewood has a huge multi-family housing stock, which is reflected in the number of sales last year. There were 113 sold. 102 were two-family, six were three=family and five were four family homes.

Rocky River has 208 homes for sale currently. There were 235 single family homes sold last year.

All multi-family home sales involved two family homes (and yes, River is a community with a much smaller multi-family housing stock too).  There were two 2-family homes sold and there are four listed for sale as of today.

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University Heights saw 187 single family homes sold in 2008.  There are currently 187 of them listed for sale.

There were four two families sold in University Hts and 13 are currently for sale.

Richmond Heights has 116 homes listed for sale currently. During 2008, 109 single family homes sold.

There are four two family homes listed for sale and one two family sold in 2008.

South Euclid has 270 single family homes listed for sale as of today. During 2008, 349 single family homes sold.

There were two/two family homes sold in 2008 and there are 9 multi-family homes listed for sale (all two family).

Cleveland Heightsstill has a sizable volume of homes listed for sale now: 433 single family and 32 two family homes.

During 2008, 622 single family homes sold in Cleve Hts and 53 multi-family )52/two family and one three family).

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Last week, the listing agent for the bank went to the property and lo and behold, it wasn’t there anymore. The City of Cleveland had demolished it.

My client signed off on all the city violations and said he would rehabilitate it properly. It’s a gorgeous location and he was most excited about sprucing up the house and making it fit in with the neighborhood. 

Imagine my surprise when I heard the listing agent on the other end of my cell phone (sounding like a deer in headlights) saying ‘you know that house on ________? Well it’s not there anymore!’  lol See what I mean, it’s never dull in real estate.

Okay two things, first, regarding demolition. When a home is inspected by the city and the city (cleveland) condemns it, the owner is sent a letter and a list of violations.  We (my buyer and I and the listing agent) got the list of violations in this case. But the bank neglected to let any of us know they had a deadline (which came and went in December) by which the repairs had to be made. They sure did a speedy job of demolition.  Just a tip for all of you, if you happen to get this notice from the City, make sure you talk with them and understand the deadlines. 

Secondly, the title of my post relates to an article in today’s PD about new method of deconstructing a home instead of demolishing it.

The article and info is interesting regardless of my tale. Supposedly, by deconstructing (taking roof off and working wall by wall) the City saved a lot of time and money per house on the entire project.

My client is trying to decide now if the location warrants his purchase anyway, just for the land. Like I said, never dull!  Peace Out - 3C

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Shaker has 289 single family homes for sale as of today

381 single family homes sold last year

Shaker has 51 multi-family homes for sale as of today. And there were 56 multi-family (mostly doubles) homes sold in 2008

The Cleveland City/Shaker Area:

29 homes are on the market as of today

22 homes sold in 2008

There is one two family home for sale in this area

There were three multi-family home sales in 2008.

Just a reminder, the stats cover only those sales and listings covered with area brokerages.

Peace Out - 3C

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I examined stats for Cleveland neighborhoods (I excluded one area because when I look at Shaker Heights stats later this week, I will include the Cleveland area of Shaker in that post). I normally do this by zip code but today I am using the areas as they are grouped for brokers and Realtors® on our multiple listing service. And that reminds me, these stats cover sales and listings handled through area brokerages.

I’m looking at totals for 2008 and divided it up between multi-family (two to four units per home) and all the rest (single family, condo, town house).

First area includes Westpark, Westtown, most of Bellaire Puritas. There were 349 single family sales and 18 multi-family.

The second area includes parts of Detroit Shoreway, Edgewater, Cuddell, the West Boulevard area. There were 431 single family sales and 58 mulit-family sales.

The next area includes a small portion of Detroit Shoreway (closest to Ohio City), Ohio City, Tremont, Clark Metro. More homes sold in this general area than any other. 482 single family homes and 255 multi-family homes sold in 2008.

Next we have Old Brooklyn, the Spring Road area, South Hills. 335 single family and 46 multi-family sales.

Then we have Downtown and the near east side of Cleveland with areas like University Circle and Fairfax. There were 325 single family sales (and remember, this includes everything from Downtown condos to town homes and single family homes). There were 200 multi-family sales.

Heading east  to an area surrounding E. 152nd and Eddy Road, there were 83 home sales and 64 multi-family sales.

An area surrounding E. 185th Street saw 107 single fam home sales and 64 multi-family sales.

Collinwood had 71 single family sales and 51 multi-family home sales.

The east side area between Euclid Avenue and E. 185th St. saw 69 single family and 21 multi-family home sales.

One area (including communities like villa beach) between E. 185th and the Lake saw 41 single family home sales and 5 multi-family sales (keep in mind, there are not as many multi-homes in some areas, including this one).

That comes to a grand total of 2,293 single family home salesand 748 multi-family home sales in Cleveland in 2008.

I always say use caution when looking at sites like Trulia or Zillow. Trulia (in my opinion) tends to be a bit more accurate so here is a link, should you want to do a bit more analysis of home sale trends in 2008 in Cleveland.

To end on a positive note, we started out with over 17 months worth of housing inventory for sale in January 2008 and now as the year ends, we have 10.5 months of inventory.  And the number of days on the market for Cleveland homes stayed steady, on average, at around 94 days before selling. (This stat only counts for the homes that actually sold)

Again, Happy New Year and may all your favorite teams win their bowl games.  Peace Out - 3C

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