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Beachwood OH Real Estate - Bi-Annual Market Report 2010
Beachwood OH Real Estate - Bi-Annual Market Report  2010 
 
 

 
 
The year is now half over, giving us plenty of data to determine an accurate state of the real estate market here in Beachwood OH. We will first give a list of all homes that sold in Beachwood last month, and then show a monthly and year-to-date comparison to 2009. 
Here are all sales in Beachwood for June, 2010:

 
All Sales           # of homes sold         Ave. Sales Price              
June 2010                12                      $232,833                
June 2009                18                      $274,695
YTD 2010                 49                      $254,354
YTD 2009                 52                      $247,446  
*source NEOHREX ( Regional MLS )
 
COMMENTARY:
While last month wasn't as good as June 2009, year-to-date figures suggest that this year is fairly even to last year in terms of actual number of sales. The good news is that the average sales price is slightly higher this year compared to last year. In addition, although not indicated above, the average market time to sell a home in Beachwood so far this year is 100 days compared to 137 days in 2009.
What does this mean? While we anticipated home sales to surge throughout the area in general due to the home buyer tax credit, which expired on ... more

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