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Pepper Pike Real Estate: Bi-Annual Market Report First Half 2009
Here are all sales in Pepper Pike for June, 2009 and a summary of the first half of the year.
Overall, June was a decent month in terms of home sales in Pepper Pike.
Specifically, 7 homes officially sold last month at an average sales price of $414,571. Last June, we had 14 sales at an average of $602,211. Included in this number are 2 sales over $1,500,000.
In addition, we had 2 luxury home sales last month ( sold for over $500,000 ) compared to 5 in June 2008.
MID YEAR ANALYSIS
Here is a comparison of 2008 to 2009:
In the first half of 2008, there were 37 homes sold for an average price of $486,953.
In the first half of 2009, there were 31 homes sold for an average price of $405,377.
The Pepper Pike luxury home market had 13 sales in the first half of 2008 for an average price of $844,269.
The Pepper Pike luxury home market had 7 sales in the first half of 2009 for an average price of $722,357.
Overall, sales and average sales price are down in 2009 compared to last year. However, there are 17 homes currently under contract.
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