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:
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.
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