Cleveland Real Estate News

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.  The Spring Road area had a higher than average sale price for a few years, before prices went a bit flat. So it seemed apropo to do an analysis of these two zip codes.  I have to add that the higher priced home sales for 444144 in the past six months were in Brooklyn, for the most part.

Zip Code 444144:    There are 99 homes for sale as of today.  The average listing price of these homes is $105,260 or $83 a square foot.

33 homes caught the eyes of recent buyers and they wrote offers.  Now these pending homes are waiting for their closings and new owners. The average listing price of these homes is $72,494 or $57 a square foot.  (Just like the two areas we examined yesterday, you can see that what is still on the market tends to be the homes at the higher end of the price range.)

In the last six months 91 homes have sold. The average sale price of these homes was $72,668 or $59 a square foot.

Zip Code 44109:    There are 167 homes listed for sale in this area, which encompasses Old Brooklyn and South Hills.  The average listing price of these homes is $82,861 or $61 a square foot.

52 buyers have written offers and had them accepted, in last few months. These 52 homes are pending sale. The average listing price of these homes is $50,032 or $37 a square foot.

141 homes have sold in the last six months. They ranged in price from $9200 to $166,900. The average sale price was $36,848 or $28 a square foot.

Peace Out – 3C