Friday, September 14, 2007

Cleveland Housing Sale Trends 2000 to 2007

The last seven years have seen spikes in sale prices and declines on Cleveland's West Side. Some of the stats are interesting. In the area that includes Ohio City and Tremont, there were more sales in 2007 than any of the other years; the amount of money on average that sellers got for these homes was less than any other time. In general, bank owned/foreclosed properties play a part in these statistics because in each of these areas, there are homes selling for prices way below normal market prices. Anyway, here are the stats, and again, they include all homes sold with area brokerages. These are numbers of homes sold and the average sale prices for April through August of each of these years.

Old Brooklyn/Archwood Denison/Memphis

2000
163 Homes Sold
$85,460 Average Sale Price

2001
167
$92,295

2002
220
$94,920

2003
181
$98,929

2004
201
$102,547

2005
175
$102,921

2006
172
$92,338

2007
159
$80,109

Ohio City/Tremont/Clark Metro/Detroit Shoreway

2000
147
$66,596

2001
150
$76,509

2002
156
$74,547

2003
180
$85,592

2004
178
$79,255

2005
174
$92,579

2006
196
$79,362

2007
222
$65,719

Peace Out - 3C

1 comment:

Leanne Paynter said...

Strictly from a Floridian's point of view, these prices are very affordable. I take it that April through August tends to be when the most sales take place in the Cleveland area? Down here, the only somewhat slow months tend to be November & December.