Thursday, August 2, 2007

Cleveland Housing News: Multi-family (Doubles) Stats For Zipcode 44111

There are currently 63 two family homes for sale in zipcode 44111. 64 if you count a new one listed on Bellaire for $240k (built in 2006).
The average Ask Price is $93,712. The average square footage is decent, 2,033 sf, or about 1,000 a unit per home.

Since January 2007, here are sales stats for two family homes in zip code 44111:

  • 27 Doubles Sold
  • Average Ask Price was $82,300
  • Average Sale Price was $78,488
  • Average number of days these sold doubles were on the market is 91
  • average square footage was 2,049

There are foreclosure homes represented here, that is the sobering news. The better news if there is any, is there are not hundreds of them on the market right now (which is true for single family homes in this zip code, see post from earlier this week). Peace Out- 3C

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