Wednesday, August 15, 2007

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:

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.


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