Wednesday, July 11, 2007

Cuyahoga County Housing Trends: A Lakewood Update

We have almost six months of statistics available so we can begin to examine housing trends for 2007 in Lakewood. Here are the stats from January 1st to the present:

Sold Since January:
186 Single Family Homes
48 Condos
44 Multi Family Homes

On The Market Now:
391 Single Family Homes
144 Condos
216 Multi Family Homes

What about prices and amenities on these homes for sale? Example: You can buy a 4 BR colonial on Parkwood with one full bath and two half baths, central a/c, a garage, an updated kitchen and a finished basement rec/play room for $148,900. How about a 4 BR 1 1/2 bath colonial with almost 1500 square feet of finished space, an updated kitchen, landscaped yard, formal dining room, a finished basement and third floor for $124,000 on Lauderdale. Yes you can now find homes in move in condition in Lakewood for less than $130k.

Lakewood has always been a destination of choice because of the vibrant business district, parks, City services, First Time Home Buyers Program and quick access to Downtown Cleveland.

On the Lakewood News Front: Architect Robert Stern's work on the Main Branch of the Lakewood Public Library is now complete and it is now once again open to the public. You can see photos of it on the WKYC news site here. It was a 38,000 square foot expansion. They doubled the parking spaces although that is still not a huge amount of parking. But it's certainly on the bus line, and I have always been impressed with their stats on the huge numbers of people who walk there every day. Reading, luckily, is not a thing of the past.

Btw, one thing that made me smile on the Library website? You can now send cool postcard ecards from the website. Peace Out- 3C