Cleveland/Cuyahoga County Real Estate News: Brecksville and Independence Half Year Sale Statistics

Independence and Brecksville are adjacent communities so it seemed appropriate to do a comparison of home sales since January of this year; six months of stats for homes sold by area brokerages:

Brecksville:
81 single family homes sold
23 condos sold

The homes sold ranged in sale prices from $78,000 for a bank owned home to $1,375,000.00 for a new construction luxury home. The averages look like this:

• 2,906 square feet
• 4 BRs, 2 Baths and 2 car garage
• Average sale price was $310,649
• The average amount of days on the market for these homes was 71
• Average cost per square feet was $110

***There are 77 single family homes on the market as of today, in Brecksville, and 34 condominiums.

Independence:

20 single family homes sold

They ranged in price from an estate sale at $142,507 to $650,000. The averages:

• 2,399 square feet of living space
• 3 BRs, 2 Baths and a two car garage
• The average sale price was $285,047
• The average number of days these homes were on the market was 94
• The average cost per square foot was $119

There are 48 single family homes listed for sale currently, with area brokerages. (There are no condo stats for Independence)

Independence had a smaller inventory of homes for sale than Brecksville, and traditionally Independence is a popular designation neighborhood for home sales (lower taxes). These first six months did see Brecksville with a higher average sale price; the price per square foot was higher in Independence, but close. Peace Out- 3C