(The following is specific to one area of Greater Cleveland. If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you. Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis will be done for your community/neighborhood. )
44202 Aurora 44202
INVENTORY REPORT FOR July 30, 2009
Price Range Active&Contingent Pending& Sold Current Inventory
$150,000 - $300,000 99 31 19 months
$300,001 - $500,000 64 26 15 months
$500,001 + 39 4 58 months
....TOTALS........ 202 61
Total Homes for Sale 202
Average Sales/Month 10.2
Months of Inventory 20
This is your tracking report for Aurora. Yes, there are a lot of properties for sale, but things are improving. Improvement has been seen in Chagrin Falls, Solon, Bainbridge, Auburn, Twinsburg, Aurora, and Russell. If you need to know this information for your specific area, for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call. The above numbers may be eye openers for many of you. If you are currently selling your home, you may not be aware of recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. The numbers can change dramatically by location, even within your local community.
If you are looking to purchase a home in the next few months, please give us a call. We are in our show all properties listed by any real estate broker and most for sale by owner homes. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.
If your interest is in homes priced above $500,000, the above chart indicates an inventory of 58 months. If you are ready to negotiate, there are excellent values available in every price range.
For families and individuals involved in a relocation transfer, you're timing is excellent. The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.
YouClevelandRealtor.com website contains information on mortgage rates, lenders, and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.
Jim & Joan Norbuta
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®
Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.
Also, visit our post, Signs that the Market has Turned: http://www.yourclevelandrealtors.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/