Moreland Hills OH Year End Market Report 2010

Moreland Hills OH Year End Market Report 2010

Here is our official 2010 year in review for Moreland Hills Oh real estate, complete with a comparison to 2009. We will provide commentary after giving statistics on the Moreland Hills housing market.

Year      # of Homes Sold        Ave. Sales Price              High                  Low

2010                      32                     $408,809                $1,250,000         $130,000

2009                      31                     $333,199                $848,500            $149,000

Here are all 2010 home sales in Moreland Hills broken down by price points:

Source: NEOHREX

Commentary - As you can see from the numbers above, sales and average sales price for homes in Moreland Hills were both up in 2010. In addition, there were more luxury home sales in Moreland Hills last year ( 9 ) than the previous year ( 3 ). Luxury home sales are defined as those being over $500,000.

Overall, we feel that the market in Moreland Hills has already bottomed out, and that we will see stabilization in the future.  We believe it's too soon to think about seeing any appreciation, and that the market may end up being flat for a while. The communities within the Orange School District ( Moreland Hills, Pepper Pike, and Orange ) all seem to be doing a little better statistically than some of the surrounding areas.

Moreland Hills is a fairly affluent area of luxury homes, many that sit on 2+ wooded acres. Moreland Hills is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.

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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 Moreland Hills Oh real estate and homes see  Moreland Hills Oh Real Estate

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

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Moreland Hills OH 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