Yesterday I posted about active listings, contingent and pending and closed sales – you can read what that means here at the beginning of yesterday’s post. Today we are looking at home sale trends on Cleveland’s East Side. I picked six zip codes and looked at activity since February 1st:
44103
86 homes on the market now
11 sold since February
13 pending sales – the highest list price of the 13 was a home on E. 84th which was listed at $109,900 (we won’t know sale price until it closes)
44105
510 homes on the market now
50 sold since February – including one for $155k in Millcreek
7 contingent sales
83 pending sales
(44105 is one of our most densely populated neighborhoods plus the foreclosure crisis has hit hard here. That explains why there are so many homes listed for sale. The good news is that 90 are going to sell soon if everything goes well and 50 sold — the not so good news is that more homes are showing up as foreclosures with many coming from this zip code)
44110
165 homes are for sale now
29 sold since February
3 are contingencies
23 are pending sale – the highest sale price among the 29 was $65k for a home on Aspinwall. The total average sale price was $13,139.
44108
241 homes are for sale now
22 homes sold
4 are contingencies
39 are pending sales – the highest sale price among the 22 was $50k for a home on East Blvd. The total average sale price was $10,419
44119
159 homes are for sale now
13 sold since February – the average sale price was $36,654
22 pending sales
44115
41 homes for sale currently
4 pending sales: three single family homes on E. 34th, 36th and 39th, and a condo in the Sincere Building on E. 4th that was listed at $339k.
Please remember that all the data for this report and yesterdays post is gleaned from our MLS computer listing service so these stats cover homes listed with area brokerages. Peace out – 3C
0 responses so far ↓
1 Louis Cammarosano // Mar 30, 2008 at 8:45 am
Carole
Do you have the year over year comparisons?
Louis Cammarosano’s last blog post..Win Clients Through Perseverance And Customer Service ? And Get Full Service Commission
2 Carole Cohen // Mar 30, 2008 at 9:14 am
Hi Louis, that will be another post; ‘contract date’ info on Tempo wasn’t working this week! lol Our new system is wonderful but not without bugs. My guess is that there is more activity this year — but stay tuned.
3 Louis Cammarosano // Mar 30, 2008 at 9:19 am
Thanks Carole
We will be releasing our quarterly data in a couple of weeks.
It will show the areas where Homegain agents have been most successful in 2008.
Here is last year’s data
http://blog.homegain.com/category/homegain_market_data
Louis Cammarosano’s last blog post..Real Estate 2.0: 1 ? Home Gain: 0
4 Sharon // Mar 31, 2008 at 12:57 pm
Hi Carole:
Hope you don’t mind I mentioned your blog again because of your listings and the way you are so on top of this issue. Cleveland definitely is in the heart of this storm, but I’m looking for where there is opportunity to build up our communities from out of all of this.
We can’t turn back the clock but we can see what good can come from this and your listings give good people with good intentions something to think about re: community life and investment.
Sharon’s last blog post..By: Newurbanmom
5 Palmetto Bay Redland Real Estate // Apr 1, 2008 at 4:19 am
Carole, it surprised me to see that your MLS system shows contingencies. We go from Active straight to Pending here in Miami. Which is just as well, since even that bit of information seems to be too much for some agents to stay on top of. Our system is only as good as the data the agents are feeding into it. ..sigh..
Palmetto Bay Redland Real Estate’s last blog post..Miami Bank Owned Properties On The Rise
6 Carole Cohen // Apr 1, 2008 at 9:06 pm
Hi Maggie! Yes we do it in two steps; it really helps – and technically you can still show contigent ppties…although I tend not to do it unless someone is really crazy about a ppty then I might call and see if a back up offer can be placed. It’s good to see you!
My real challenge is our new MLS system and the fact that tracking year old pendings isn’t working the way it used to. I have a call into our MLS tech help lol.
7 Carole Cohen // Apr 2, 2008 at 1:28 pm
Okay this is annoying and disappointing at the same time. I am not going to be able to get the pending and contingent sales info from our Tempo5 MLS system. The powers that be called me back and told me to program that into their system would be too taxing on it. I hear what they are saying, but it certainly makes it harder to track trends in the housing market! I’ll see if I can ferret anything else out.
Leave a Comment