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Pepper Pike Real Estate - Quarterly Market Report Spring 2010
Pepper Pike Real Estate - Quarterly Market Report Spring 2010

Here is an unofficial list of all Pepper Pike real estate home sales during the first quarter of 2010. A summary will follow.
 
SUMMARY
First quarter sales of Pepper Pike real estate here in 2010 are very similar to those from the same time period of 2009. In fact, here is a comparison between the two years:
All Sales                          # of homes sold         Ave. Sales Price 
First Quarter 2010                19                          $418,447  
First Quarter 2009                16                          $421,168 
The fact that the numbers are similar may be a strong indication that the market has stabilized. If this is the case, then buyers and sellers alike should feel more comfortable making decisions moving forward.
Another good indication of true market activity is by noting how many homes are currently under contract. At this time, there are 27 homes under contract, and 3 are listed for over $1,000,000, another very good sign that buyers are feeling more confident about the market.
The rise in the stock market during the first quarter and slightly growing economy may be contributing to the resurgence of the luxury home market in Cleveland, and specifically in Pepper Pike.
While the tax buyer credit has fueled ... more

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