Beachwood Ohio Home Values Report - November 2010
Below are all homes that sold in Beachwood in November, 2010. We have also included a map indicating where all sales took place. The plus signs on the map indicate that more than one home sold in that particular area.
We will discuss the direction of home values in Beachwood OH at the bottom in the commentary section.
| 3630 Concord Dr | $80,500 |
| 24181 Bryden Rd | $156,000 |
| 2642 Ramsay Rd | $165,000 |
| 9 Stratford Ct | $210,000 |
| 4 Windrush Ln | $215,000 |
| 4 Saratoga Ct | $225,000 |
| 4 Dorset Ct | $243,000 |
| 3281 Havel Dr | $253,000 |
| 23200 Halburton Rd | $343,000 |
All Sales # of homes sold Ave. Sales Price
November 2010 9 $210,056
November 2009 13 $227,538
YTD 2010 93 $276,995
TYD 2009 110 $262,294
*source NEOHREX ( Regional MLS )
COMMENTARY:
We will probably start sounding like a broken record to our readers but the trend of less sales and higher average sales price continues. This is about the 6th straight month that we have reported this trend.
When it comes down to it, there are less than 2 sales per month difference this year compared to 2009, so the numbers here certainly aren't drastic. It is always a little concerning though that rates continue to remain low yet sales figures are lower than last year.
We believe that home values in Beachwood have stabilized, and that the worst is behind us. The economy still plays a major part in consumer confidence and people here in Northeast Ohio are being very cautious when it comes to major purchases such as a home. Housing is typically at a premium in Beachwood because of the usually small inventory. There are currently only 56 single-family homes for sale.
We think there are a lot of buyers on the fence, just waiting for some more positive signs regarding the economy before they move forward on buying a home. The winter months are typically the slowest time of the year, so we won't be surprised to see low sales number over the next few months.
Overall, Beachwood is deemed a very desirable community to live and work because of easy highway access, 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 Ohio Home Values Report - November 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©December, 2010
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