Saturday, May 26, 2007

Cuyahoga County Home Sale Stats: 2006 vs. 20007

They are running the Indy 500 this weekend so I thought I'd do a few posts putting 2006 stats against 2007 stats. I'm reporting on brokerage sales - January to May 27 2007 and the same period of time in 2006.

In Lakewood, 2007 sale prices beat 2006 by a few thousand; homes had to stay on the market about twenty days longer to sell. Total sales however? 2006 was higher. Here are the stats:

2007: 121 Total SF sales. Average Ask Price $172,852. Average Sale Price $165,655. On market 92 days.

2006: 132 sales. Average Ask Price $168,053. Average Sale Price $162,227. On market 71 days.


West Side of Cleveland (large area, includes Tremont and OC but also Clark/Metro Area). This area was the opposite, there were more sales in 2006 but the 2007 sale prices were a bit higher. Here are the stats:

2007: 150 Total SF sales. The average Ask Price was $81,133. The average Sale Price was $78,469. Number of days on the market averaged 92.

2006: 185 Total SF sales. The average Ask Price was $74,455. The average Sale Price was $71,442. Days on market averaged 81.

Since there are a lot of condos in 44113, I'm going to break that zip code out of the above figures and just do that zip code. This is for Ohio City and Tremont. First, single family sales;

2007: 30 Total SF homes sold. The average Ask Price was $205,109. The average Sale Price was $204,728. Average days on the market for these homes was 103.

2006: 23 Total SF homes sold. The average Ask Price was $178,628 and the average Sale Price was $173,454. Less days on the market, on average, in 2006: 71 days.

Condos in 44113? Here goes:

2007: 12 Sold Average Ask Price was $259,349. Average Sale Price was $246,175. Look at the days on the market - 205 days.

2006: 19 Sold. Average Ask Price was $224,484 and average Sale Price was $225,038. Fewer average days on the market: 174 days.

Peace Out - 3C

1 comment:

Tim Ferris said...

thanks--great stuff!