Beachwood OH Home Values - Report October 2010

 Beachwood OH Home Values - Report October 2010

Before discussing the direction of home values in Beachwood OH, we will first give monthly and yearly statistics for sales and average sales price. Commentary will be provided.

Here is a list of all homes that sold in Beachwood in October, 2010. 

All Sales           # of homes sold         Ave. Sales Price              

October  2010            6                        $366,363                

October  2009           11                       $287,591

YTD 2010                  83                       $284,067

TYD 2009                  97                       $266,952  

*source NEOHREX ( Regional MLS )

COMMENTARY:

Last months' sales figures were similar to the trend we've seen for the year, lower number of actual sales but higher average sales price.

When looking at home values in Beachwood, the statistics above should not be used to make a blanket statement on the overall market. Just because the average sales price is up 6.4% does not mean all Beachwood homes have increased in value by this amount as there are too many other factors that come into play.

It is fair to say that homes in Beachwood, because of limited inventory, typically hold their value over time better than many other area suburbs. There are certainly neighborhoods and price points that are deemed more desirable by local home buyers, and these homes may in fact see better gains in terms of home values. 

If you are looking to buy or sell a home in Beachwood, the best way to quickly find out what your home is worth is to click on the box below and you can sign up for a market report for your specific area. We also recommend enlisting the services of a local real estate agent at some point during the process. There is no substitute for the market knowledge that an agent can give you.

Overall, Beachwood is deemed very desirable by those relocating to the Beachwood OH area due in part to easy access to the highway, excellent rated schools, and being in close proximity to the area's best shopping and restaurants.

Below are other articles of interest pertaining to Beachwood OH Home Values:

Beachwood OH Real Estate - Home Value Report 3rd Quarter 2010

Beachwood OH Real Estate - Monthly Market Report August 2010

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About The Authors:

Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Beachwood Oh real estate and homes see  Beachwood Oh Real Estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

 LET'S CONNECT:

Beachwood OH Home Values - Report October 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November, 2010