Cleveland Real Estate News

First short sale I ever ‘tried’ got to it’s 13th month without a response from the bank.  My clients loved the house and to be honest, a good counterpart in Millcreek  did not become available during that time.  13th month, finally, a good new listing which we went to see and within 8 weeks we [...]

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I calculated between June 1st and the last day of August.  These are homes sold through area brokerages.  On both sides of the River, the total comes to 477 for that two month period.  There were 340  sold West of the River and 137 sold East of the River.  These figures only reflect homes that [...]

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Sometimes it’s hard to pick up a pattern of how, where and why people look for homes in certain areas.  No hard and fast rules or trends, but when you work in real estate long enough, you do see certain patterns.  These three areas are sometimes all on a single buyer’s search list. What are [...]

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I’m excited to be able to connect with you ….my Christmas Eve present was a computer virus!  I have my computer back and so it’s time to blog.  And since it’s January 2011, it’s time for the home sale series.  This year I’m going to give you 2010 stats but also compare them to 2009 [...]

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The County Auditor now allows you to keep up on sales on your street.  I asked for all Cleveland sales in September; they said 744.  Check out the PD article about it here.    Peace Out – 3C

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We keep asking, is the economy improving, are housing sales improving?  And lots of people have weighed in.  Here are eight communities to start off this type of comparison/discussion as it relates to home sales in NE Ohio.  I’m comparing sales in these eight communities ranging from April through July in each of the two [...]

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I meant to look up a 2008 comparison of number of sales when I did my post yesterday and did not.  You may find it interesting (at least I hope so lol). During the same period (January through July) of 2008, there were 317 homes sold.  In 2009 there were 221. Quite a few more [...]

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For about two years, there were not a lot of people contacting me to list their homes for sale in zip codes 44144 or 44109.  I had buyers in these neighborhoods but only one listing in two years.  All that has changed, and the rest of the agents in my office feel the same way.  [...]

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I have two listing appointments coming up tomorrow, so I did an analysis of the market now and over the last six months in these areas.  The stats deal with single family homes only and are homes listed with area brokerages. Zip Code 44111:    There are 214 homes for sale in this zip code as [...]

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Sometimes real estate issues are specifically local. Sometimes it’s a national trend. This article  in the Wichita Business Journal  discusses appraisal issues that ring true in my business experiences here. The bottom line is that appraisals should always be accurate within  one percent. That’s my opinion.  I’ve never understood why people are allowed to buy [...]

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