Cleveland Real Estate News: Yearly Comparisons For Homes Sold, Lakewood and Rocky River

I have been crazy busy this week, but promised more stats and thought this might be useful. I picked two communities with sold housing stocks and thriving business communities: Lakewood and Rocky River. These are going to be statistics of homes sold for each year 2004-2007 (again, home stats cover homes listed with area brokerages). These combine single family homes, town homes, condos; these stats cover January through August 17th of each year.

Rocky River:

2007 188 Homes Sold
Average Sale Price was $244,002

2006 194 Homes Sold
Average Sale Price was $241,095

2005 189 Homes Sold
Average Sale Price was $231,815

2004 205 Homes Sold
Average Sale Price $245,043

Lakewood:

2007 84 Homes Sold
Average Sale Price was $281,433

2006 87 Homes Sold
Average Sale Price was $255,672

2005 344 Homes Sold
Average Sale Price was $185,018

2004 327 Homes Sold
Average Sale Price was $182,533

In both communities the sale prices are higher but the numbers of homes sold are lower. Lakewood has quite a jump in average sale prices. I'll be very curious to see what the stats look like for the next six months; will the volatility in the lending market affect these communities? What about foreclosure rates? I guess we can stay tuned.

Cleveland Real Estate News: Ohio City & Tremont Housing Sales

This covers zip code 44113, which includes Ohio City and Tremont. These 'first six months of 2007' stats represent homes listed with area brokerages.

• There are 93 single family homes for sale in zip code 44113
• There are 74 condos listed for sale in this zip code
• One condo and 4 single family homes are 'contingent' and waiting to go pending to close
• 21 single family homes are under contract and waiting to close
• 51 condos are pending as well, and waiting to transfer title and close

Sold since January:

• 22 condos
• 46 single family homes
• The average time on the market for these homes was 108 days
• Average Ask Price was $194,425
• Average Sale Price was $192,967
• Average cost per square foot was $92

**There are 93 homes and 74 condos listed for sale right now, as I stated; that is quite a bit less than the West Town and West Park area stats showed in my previous post. Zip code 44113 has not seen the huge wave of listings (and maybe less foreclosures?) than some other areas.

Peace Out - 3C Copyright 2007

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

Cleveland Housing News: Multi-family (Doubles) Stats For Zipcode 44111

There are currently 63 two family homes for sale in zipcode 44111. 64 if you count a new one listed on Bellaire for $240k (built in 2006).
The average Ask Price is $93,712. The average square footage is decent, 2,033 sf, or about 1,000 a unit per home.

Since January 2007, here are sales stats for two family homes in zip code 44111:

• 27 Doubles Sold
• Average Ask Price was $82,300
• Average Sale Price was $78,488
• Average number of days these sold doubles were on the market is 91
• average square footage was 2,049

There are foreclosure homes represented here, that is the sobering news. The better news if there is any, is there are not hundreds of them on the market right now (which is true for single family homes in this zip code, see post from earlier this week). Peace Out- 3C

Cleveland's West Side Home Sales February 2007: Part Two

These home sales stats are for two more 'sections' of Cleveland's West Side. They cover sales during February 2007, and they will be compared to sales for February 2006. This is Part Two. My previous post contains sales figures for the other two West Side areas of Cleveland.

The following home sale statistics include the Clark Metro, Tremont and Ohio City communities.

February 2007: 32 Homes Sold. They were on the market an average of 94 days. The Average Ask Price was $76,184 and the Average Sale Price was $71,487. The average price per square foot was $38/sq. ft.

February 2006: 33 Homes Sold. They were on the market an average of 103 days. The Average Ask Price was $80,053; the Average Sale Price was $80,586. The average price per square foot was $57.
*There are 641 homes or condos for sale in this area.


The last area for home sales I want to cover in this post includes the Old Brooklyn and South Hills neighborhoods.

February 2007: 27 Homes Sold. They were on the market an average of $87 days. The Average Ask Price was $90,163. The Average Sale Price was $87,310. That brings the average price per square foot to $65.

February 2006: 19 Homes Sold. They were on the market an average of 86 days. The Average Ask Price was $102,784 and the Average Sale Price was $98,171. The average price per square foot was $79.

* There are 236 homes/condos for sale as of today in this West Side area. Peace Out - 3C

Shovel or Sweep That Pesky Snow if Your Home is For Sale

If you have your home on the market, your Realtor® has probably told you that a clean house is crucial to 'looking good' to a potential buyer. I have a past blogpost on Hints to having your home ready for buyers.

Now that we have some snow on the ground, don't you want to keep that snow outside instead of on your beautiful floors or carpets? Keep your sidewalks and the walkway to your door (or your driveway for that matter) free of snow. Yes we can ask people to park their shoes at the door. But what if they don't listen?

Sweeping the porch and stairs can make a big difference. First it enhances the curb appeal of your home on dreary winter days. Imagine the look of horror on your own face when you hear that someone fell on the snowy stairs on your porch and broke an arm. It keeps all the civil law suits in Judge Judy's courtroom (is her show still on?) on television, and not on the docket of your real life!

I previewed homes today for clients and it amazed me that not one of them had swept away the snow. That's why I am making this plea to you. If you cannot sweep the snow yourself, your Realtor® can advise you of a list of people to call. And let's hope that pesky groundhog Phil was correct and winter is almost over!

OK. I'm on my way to sweep off the porch for my mailman now :-) Peace Out - 3C