Similar to my results during other time frames, town homes seem to be the home of choice for many buyers moving into Cleveland’s Ohio City and Tremont areas. There were detached single family homes sold, but not many, so this includes condo/town home sales as well. You know the drill! These homes were sold/listed through area brokerages, therefore I have access to the stats.
There are currently 152 single family homes and town homes listed for sale in zip code 44113. The average listing price of these homes is $227,034 and $148 a sq. ft. of living space
There are 18 homes under contract. The average listing price of these recently ‘almost sold’ homes is $214,239 or $159 a sq. ft. Difference in the two above figures, but in this case, unlike other areas I have examined over the last two weeks, sq. footage space prices went up. Keep in mind, many of the town home sales could be first time sales on newer construction, so upgrades may have increased prices.
There have been 27 homes sold since October (last six months). The average sale price for the past six months is $167,548 or $113 a sq. ft. This is lower. What does it mean? Could mean broader inventory sold. Could mean higher sale prices are happening more recently.
The lowest priced home sold was a 1890 built victorian colonial on W. 44th street for $8000. The highest sale was for a brick town home in Tremont on W. 6th with ‘green construction upgrades’ and lots of square footage. It sold for $379,600.
Peace Out – 3C
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1 Posts about Home Sales as of April 21, 2009 | Real Estate Market Reports // Apr 21, 2009 at 12:21 pm
[...] bedrooms, make a downward adjustment to the sales price to the comparable sale to bring it down Six Month Sales in Zip Code 44113 – Town Homes Were a Big Hit – clevelandrealestatenews.com 04/20/2009 Similar to my results during other time frames, town homes [...]
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