Cleveland Real Estate News

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 are total sales in these four communities whether they were multi-family, listed with a broker or privately sold.

Year To Date In Beachwood:  113

Year To Date In Shaker Heights 497

Year To Date In Orange  45

Year To Date in Warrensville Heights 190

So let’s see what my stats tell me about zip code 44122 home sales in 2009

There are currently 214 homes listed for sale (again, I’m only doing single family)

The average listing price of these 214 homes is $345,245 and $115 a sq. ft.

What homes have appealed to recent buyers? For this info I go to pending or contingent sales, meaning their are contracts written and accepted but they still have not closed.  There are 58 homes under contract.  Here are four in a bit of detail to show what buyers have liked:

1.  and 2.  One home on Halworth listed for $112,500 and one on Halworth listed for $124,900.  Both homes have very good square footage.

3.  Home on Groveland in Beachwood listed for $130,000.

4.  A home in Orange on Orangewood listed for $350,000.  Very large (over 3,000 sq. ft) with a contemporary woodsy feel to it.  Two story foyer; lots of bells and whistles.

5. Colonial on Rye off Belvoir Oval. Listed for $269k, this home is nicely updated while preserving it’s original character. Walking distance to Rapid.

What has sold in the last six months??  210 homes in 44122.

The average sale price of these 210 homes was $214,349 and $95 a square foot.  (as you can see, it doesn’t seem to matter whether we are looking east or west of  The River, there is a significant discrepancy between homes still listed (prices) and the average sale prices. )

There was a cute, well kept home  with 1310 sq feet of living space that sold for $79,750 on Ridgewood in the Harvard/Warrensville Rd area. Amazingly renovated with gorgeous hardwood floors.  Great turn key starter home.  Good buy!

Another sold home is a 1980s era cedar contemporary that sold for $455k.  It has 3 BR and 5 baths (!!!), a gorgeous kitchen, sun room, 3 full levels of living space.

Another home close to the Rapid is a beautiful colonial on Traver in Shaker. It sold for $186k and has 1777 sq feet of living space. Gorgeous updates like granite and stainless kitchen, yet beautiful wainscoting in the dining room.

I envy this area because of the availability of the Rapid. I suspect this plays a part in sales because many of the homes sold were close to the Rapid.

Lastly, a gorgeous brick colonial on Lomond in Shaker. Walk to Rapid, 1672 square feet of living space, 4Brs, 3BA, beautifully updated and preserved. Sold for $155,000.

Hope this was useful and if you have any areas you would like me to cover, please let me know!  Peace Out  3C