Cleveland Real Estate: The Skinny on Lakewood and Rocky River Home Sales

Six months of statistics are available for home sales in and around Cleveland so I'm going to be posting these off and on over the next week. Today it's Lakewood and Rocky River. These stats, as usual, cover homes sold by brokerages in NE Ohio. All stats cover January to the present.

Lakewood:

105 total homes sold. 66 were BR single family homes; the rest were condos. The lowest sale price was $55,000 and the highest was $223,000.

All 105 averaged 94 days on the market before selling. The average 'sold' dwelling had 3BRs, 1BA and a one car garage. Average asking price was $120,096. The average sale price was $115,574.

There are 168 Single Family Homes for sale currently in Lakewood.
There are 138 condominiums for sale.

12 homes are currently under contract and waiting for inspections and mortgages to be finalized; 36 homes are 'pending' or waiting to close.

Rocky River:

182 total homes sold since January.
137 were single family homes
45 were condominiums

They ranged in price from $127,000 to @262,000. The average ask price was @178,060 and the average sale price was $171,747. These homes were on the market an average of 88 days.

There are 4 'contingent' offers, meaning waiting for inspections and mortgage approvals.
There are 37 homes pending, or waiting to close.

Rocky River currently has 171 condos listed for sale ; 182 single family homes are listed for sale.

Still more available homes than there are buyers. Peace Out - 3C

Lakewood Housing News:Carlyle Condo News

The Gold Coast's Carlyle Condos have always been a destination of choice. One main reason: ameneties. Second reason, the management company does a decent job for residents. My first year as a Realtor® they reduced the monthly maintenance fees for the next year...how often does that happen? One aspect of condo living to keep in mind: monthly maintenance fees don't always cover every improvement and there could be assessments made to each resident to cover a project. In the case of the Carlyle, one improvement might cut the sting from an assessment: an overhaul to their heating system designed to save every money and be more energy efficient. For a full list of the redevelopment plans you can go to Lakewood Alive.

Also received an email about a program called First Leaf:


Please forward this message to fellow Lakewoodites who may be interested in our report. Thanks!

F
First LEAF Community Night at the Library this Thursday!

"LakewoodAlive apologizes for the late notice of this event. Make plans to attend the first Lakewood Earth and Food (LEAF) Community Night at the Lakewood Public Library Main Branch this Thursday, July 12 from 6:00 p.m. to 8:00 p.m.Each and every Thursday evening from July 12 through October 25 the LEAF Community is bringing local produce, bulk foods, arts and culture to the intellectual heart of Lakewood . The evening will include children's games and activities, art and live music. " Peace Out - 3C

Lakewood, Rocky River Homes/Condos Sold March 2007

It's Saturday and the end of March, so it's time for housing sales information. Here is what sold in these two communities this month:

Lakewood: 33 Single Family Homes sold between the prices of $50,000 and $855,000. The average number of days these listings were on the market was 94, or just over three months. The average Ask Price was $ $176,484 and the average Sale Price was $155,721. Average amenities? 3 Br's, 2 Baths and a 2 car garage.

10 Condominiums sold between the prices of $39,500 and $300,000. The average number of days these condos were on the market was 142 (condos take a bit longer to sell in general, especially in a city like Lakewood where there are a lot of condo complexes). The average Ask Price was $143,410 and the average Sale Price was $132,990. Average amenities? 2 Br's, 2Baths and parking/garage for one car.

Rocky River: 17 Single Family Homes sold between the prices of $137,000 and $400,000. The average number of days these homes were on the market was 96 or again, just over three months. The average Ask Price was $246,182 and the average Sale Price was $231,764. Amenities? 4 Br's, 2 Baths and a 2 car garage.

5 Condominiums sold between the prices of $55,260 and $232,000. They were on the market about 130 days. The average Ask Price was $ $134,860 and the average Sale Price was $123,152. Amenities? 2 Br's, 2 Baths and parking for one car.

Here are a few more statistics to keep in mind. It is definitely still a buyers market. What's listed for sale now?

Rocky River: 116 Single Family Homes and 109 Condominiums
Lakewood: 288 Single Family Homes and 117 Condominiums

Peace Out - 3C

Cuyahoga County: West Side Condo/Town House Sales for March 2007

My last post dealt with single family home sale activity in March 2007. This is the condo side of the report, for the same zip code areas:

• Data includes condo sale activity through local brokerages and our computer system (MLS)


• Data covers condo sales from March 1, 2007 to the present

Rocky River 44116:

2 condos under contract

1 sold

Lakewood 44107:

1 condo under contract

1 sold

Cleveland's West Side 44135 none under contract, none sold

Cleveland's West Side 44111 none under contract, none sold

*Note: there are fewer condo communities in both of the two above zip codes

Cleveland's West Side: 44102:

1 condo under contract

1 condo sold

Cleveland's West Side: 44113:

3 condos under contract

1 condo sold

Peace Out - 3C