Cleveland Real Estate News

 I’m looking at stats for the five west side zip codes, and I want to compare number of sales and average sale prices for 2006-2008. These stats cover the ‘season’ I’ve been reviewing, April through the present date. Take into consideration that there have been foreclosures which deflate the averages. It’s also interesting to note that regardless of sale price or year, the averages for all of these zip codes for time on the market  was approximately 95 days.  Per usual, stats cover homes listed with area brokerages which is why I have access to them; and these stats are for single family homes (which includes town homes that are not part of a condo assn).

Zip Code 44109 – Covering Old Brooklyn and moving North to Metro Hosp. area.

2008   47 sales   The average sale price was $25,605 and $18 a square foot

2007   61 sales    The average sale price was $33,093 and $24 a square foot

2006   45 sales    The average sale price was $46,264 and $32 a square foot

Zip code 44113  Covering Tremont, Ohio City and reaching East to the Warehouse District

2008   51 sales    The average sale price was $150,349 and $94 a square foot

2007   81 sales    The average sale price was $182,917 and $120 a square foot

2006   77 sales    The average sale price was $188,002 and $107 a square foot

Zip code 44102  Covering Detroit Shoreway, Clark Metro and Edgewater Cudell

2008   106 sales    The average sale price was $37,028 and $25 a square foot

2007   202 sales    The average sale price was $62,008 and $37 a square foot

2006   158 sales    The average sale price was $85,227 and $53 a square foot

Zip code 44111  includes Westtown, parts of West Park

2008   105 sales    The average sale price was $43,306 and $35 a square foot

2007   125 sales    The average sale price was $59,984 and $48 a square foot

2006   142 sales    The average sale price was $72,052 and $61 a square foot

Zip code 44135  Includes Kamms Corner, Bellaire Puritas

2008   50 sales    The average sale price was $30,002 and $30 a square foot

2007   61 sales    The average sale price was $42,995 and $44 a square foot

2006   71 sales    The average sale price was $67,218 and $61 a square foot

As I study the neighborhoods and inner ring cities, some places held steadier on number of sales than others.  Here, zip code 44109 came the closest to having a steady number of sales over the three years for the six month period, although 2007 clearly saw more sales.  More to come, hope you find this helpful.  Peace Out – 3C