February was a relatively calm month in the Beachwood real estate market.
Specifically, 5 homes officially sold last month compared to 6 sales in February 2008. However, a real indication of buyer activity is better measured by the fact that 5 homes went under contact in February. While most of these homes haven't transferred, it is important to note that all of these homes went under contract over the last 30 days. This is a sign that there are serious buyers currently in the market to buy in Beachwood.
SUMMARY
Here is an unofficial list of all homes that went under contract, and a separate list of all homes that SOLD in February 2009 here in Beachwood.
| UNDER CONTRACT FEB 2009 | List Price |
| 24010 E Silsby | $179,900 |
| 25150 S Woodland Rd | $179,900 |
| 3450 Belvoir | $187,500 |
| 3297 Havel Dr | $359,900 |
| 24780 Penshurst | $369,000 |
| SOLDS FEBRUARY 2009 | Sold Price | |
| 23414 Cedar | $68,500 | |
| 2319 S Green | $123,000 | |
| 25172 Cardington | $220,000 | |
| 24425 Fairmount Blvd | $280,000 | |
| 25335 Letchworth | $500,000 |
WHAT'S NEXT?
Right now, the inventory of homes is stale as very few new homes have come onto the market during the winter months. The serious buyers have seen everything in their price range and have not been overwhelmed enough by any of them to make a serious buying decision. These buyers typically have defined exactly what they want and are just waiting for the right home to come on the market. They are also watching to see if the price of a current listing decreases enough for the home to become more appealing.
The spring market is just around the corner and we anticipate a lot of homes coming onto the market in the next 60 days. Activity should really pick up from April -July as many buyers with school aged children will want to be settled into their new home for the start of the school year in August.
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If you are looking to buy or sell a home in Beachwood, Moreland Hills, Orange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.
Dan and Amy Schuman use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.
Dan Schuman is a proud member of the Beachwood Chamber of Commerce and serves on the Board of Directors.
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
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