Hoover Sold, Bought, Sold Again in January and Now Closing it's North Canton Doors

Do you own a Hoover Vacuum Cleaner? If not, you know the name, like the rest of us. Well, after 100 years in operation in Stark County/North Canton, it will be no more. As of September, Hoover will shut down it's plant and join Rubbermaid as a former Ohio manufacturing company. 100 years is a long time and this is sad news. The news report I heard (WKYC local news) said Stark County will lose 15 percent of their tax revenue when the 800 workers lose their jobs. Unless of course they can find new jobs in Akron. Can Akron absorb that many jobs? At least some of the employees were offered to keep their jobs and transfer to Texas. TTI Floorcare bought out the operation from Whirlpool a few months ago, and this is the result of that change in ownership.

TTI is building some kind of a research/development center in Solon which will employ about 100 people. That still gives us a deficit of 700 jobs. Sigh. You may also remember that Dirt Devil became part of the Hoover operations when TTI bought Hoover.

It's ironic. At the time, here is what TTI said: "...TTI is combining Hoover with its existing Dirt Devil operations in Glenwillow, Ohio. The company also will establish its global research and development facility in Glenwillow, adding a minimum of 110 new jobs during the next three years..."

And then: "We're proud to tell the world that Ohio is now home to TTI Floor Care, North America's largest floor care business," said Joseph Galli, Jr., chief executive officer of Techtronic Appliances Holding Co. Ltd., TTI's global floor care and appliances division. "We have had intensive and productive discussions with the State of Ohio over the past two weeks. State officials are concentrated on enhancing Ohio's economic health and in creating good employment opportunities for Ohioans. TTI is focused on bringing together the combined operations and brands of Dirt Devil and Hoover to create a strong and growing leader in the global floor care business. Our discussions have shown these goals to be in alignment." (two quotes provided by Lexdon Business Library's website) This was back in January, folks. Sigh, again.

Peace Out - 3C

Cuyahoga County Home Sales: Old Brooklyn

This is my last update of home sales for the day. It covers zip code 44109. It includes the portion of Old Brooklyn near State and Broadview Roads as well as the area near Spring Road and route 176:

22 Single Family Homes sold in March between the prices of $19,900 and $140,000. They were on the market an average of 74 days -- again, not long, just a bit over two months. The average Ask Price was $79,093 and the average Sale Price was $74,583. The average amenities for the sold homes were: 3brs, one bath and a two car garage. There were no condo sales in March.

On the market now: 179 Single Family Homes and 5 Condos (and one two family home misplaced in the condo section!)

***NOTE: if only five homes sold and there are 179 on the market with owners wanting to sell, there are things to take into consideration. A Realtor® colleague in Michigan came up with a terrific list of things that might be hard to hear, but if your home is up for sale, it's worth a read. I'm going to re-link it again here. Peace Out - 3C

Cuyahoga County Home Sales: Cleveland's West Side

Here are statistics for March 2007 home sales for zip codes 44102 (near the City of Brooklyn) and 44111 (including Westtown) and 44135 (Bellaire Puritas and Westpark):

44102: 5 Single Family Homes sold in March between the prices of $9,000 and $200,000. The average number of days on the market for these listings was 74. The average Ask Price was $51,750 and the average Sale Price was $46,733. Amenities? On average, 3Brs, one bath and a two car garage.

One condo sold; the asking price was $298,000 and it sold for $265,000.

What's still on the market? no condominiums, but 47 Single Family Homes.

44111: 18 Single Family Homes sold in March between the prices of $26,544 and $120,000. The average time on the market for these homes was 119 days. The average Ask Price was $66,388 and the average Sale Price was $63,444. Amenities? 3Br, one bath and a one car garage. No condos sold in March.

What's on the market? One condo and 123 Single Family Homes.

44135: 18 Single Family Homes sold between the prices of $45,000 and $155,000. They were on the market about 53 days, or less than two months. (This tells me they were priced right because there is plenty of competition). The average Ask Price was $87,250 and the average Sale Price was $83,995. Amenities? 3 Brs, one bath and a two car garage. No condos sold in March.

What's on the market right now? Four condominiums and 174 Single Family Homes.

Peace Out - 3C

Ohio City, Tremont Homes Sold in March 2007

This is for all of zip code 44113. The single family homes that sold were town homes (single family because they are owned in full by the owners, and are not condominium complexes). One was in Clarence Court and four were in Bergen Village.

There were Five single family town homes sold between the prices of $218,233 and $$465,873. The average length of time they were on the market was 187 days. The average Ask Price was $348,360 and the average Sale Price was $375,173 (new construction, so with add-ons or upgrades, the prices can go up). The five town homes averaged 2 Brs, 2 Baths and a 2 car garage.

There were two condominiums sold in March between the prices of $107,000 (for one in Grove Court, near the West Side Market) and $547,500 (in Stonebridge). They were on the market for 91 days or three months.

To put things in a bit of perspective: there are 70 condos for sale in zip code 44113 and 92 single family homes.

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

Want To Sell Your Home? This is Good Advice

I already have a link to her blog but, this post is so good, I'm not even going to add anything myself, just say, if you want to list your home this Spring, read this list of things not to do...it's great advice from Maureen in Michigan.

Peace Out - 3C

Ohio Floating Bonds to Assist Refinancing Of Homes and Helping to Prevent Foreclosures

This was worth a separate post to me. The State of Ohio is getting ready to float bonds that will allow them to get into the refinancing arena...helping people NOT foreclose and lose their homes. This is an interview conducted by MSNBC television.

Now I have tried to get the link to take you directly to the video. Instead, I can take you here - then scroll down to videos on the right and 'Foreclosures In Ohio' is the first one. There is more than one way to skin a cat LOL

This is worth watching if you are

a) worried about your own mortgage issues
b) interested in our State Economy

I don't have an opinion yet. More research to follow Peace Out - 3C