Gates Mills Ohio Year End Market Report 2010
Here is our official 2010 year in review for Gates Mills real estate, complete with a comparison to 2009. We will provide commentary after giving statistics on the Gates Mills housing market.
Year # of Homes Sold Ave. Sales Price High Low
2010 21 $584,014 $1,600,000 $145,000
2009 18 $588,611 $1,680,000 $190,000
Here is a break down of all 2010 sales by specific price bands:
| Selling Price Range | Quantity | Average DOM | |
| $140,000 thru $159,999 | 1 | 156 | |
| $200,000 thru $249,999 | 1 | 147 | |
| $250,000 thru $299,999 | 2 | 202 | |
| $300,000 thru $349,999 | 5 | 150 | |
| $350,000 thru $399,999 | 3 | 130 | |
| $500,000 thru $549,999 | 3 | 442 | |
| $550,000 thru $599,999 | 1 | 109 | |
| $800,000 thru $849,999 | 1 | 44 | |
| $950,000 thru $999,999 | 1 | 217 | |
| $1,250,000 thru $1,499,999 | 1 | 81 | |
| $1,500,000 thru $1,749,999 | 2 | 220 | |
| 21 |
193 |
Commentary - By looking at the numbers, Gates Mills real estate was very similar in 2010 compared to 2009. The number of sales increased and the average price was around the same. There was an increase in the number of luxury homes sold, though, 9 compared to 7 in 2009.
Overall, Gates Mills is still considered to be one of the most exclusive areas in which to live, with some of the most expensive homes in the area. There are numerous "estate-like" homes in the area, fitting for an executive, athlete, or someone who appreciates the finer things in life. These are the type of homes you see in the movies or on TV. Gates Mills is a quaint "village" just outside of Cleveland and offers an old-style type of charm. It is also located within the excellent rated Mayfield School District, although many children living in Gates Mills attend one of the areas private schools.
Looking ahead, we anticipate Gates Mills home sales to be similar to last year, with a slight increase in luxury home sales.
View Gates Mills Ohio in a larger map
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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 Gates Mills Oh real estate and homes see Gates Mills Oh Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Gates Mills Ohio Year End Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011
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