Bainbridge Home Statistics
Here are all home sales last month in Bainbridge:
| SOLDS October 2009 | SALE PRICE |
| 17682 Eastbrook Trl | $90,000 |
| 18900 Geauga Lake Rd | $177,500 |
| 17096 Eastview Dr | $215,000 |
| 7682 Country Ln | $336,000 |
| 7860 Bainbrook | $417,500 |
| 17340 Red Fox Trl | $530,000 |
| 18770 Brewster | $710,000 |
SUMMARY
Overall, there were a total of 7 homes sales in Bainbridge in October at an average sales price of $353,714. Last October saw 13 sales at an average of $338,808. Year to date, there have been a total of 81 homes sales with an average sales price of $325,850. There were 94 home sales through the first 10 months of 2008 with an average sales price of $332,555.
While homes sales are down in terms of number of sales, these Bainbridge home statistics show that the average sales price is fairly close to what is was last year. A possible sign of the bottom of the market. The good news is that the Bainbridge luxury home market, homes that sell for over $500,000, is about in line with last years figures. This is significant because many surrounding areas, including Solon, have seen a drastic decrease in luxury home sales.
There are currently 21 homes under contract, making it a possibility that we will have as many sales in 2009 as we had in 2008. The average sales price will also be close to what it was last year.
What does this all mean? To begin, it may mean that things won't get worse and perhaps 2009 will be the bottom in terms of Bainbridge real estate values. This could be the sign many buyers have been waiting for as the economy slowly improves and their decision to buy will be made easier knowing homes prices are no longer depreciating.
There are still a lot of homes on the market in Bainbridge, especially in the luxury home market, and it should continue to be a buyers market here for quite a while.
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About The Authors:
This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.The Schumans are experts in the Cleveland Ohio real estate market and specialize in luxury homes, home staging, and working with buyers relocating to Cleveland.
If you are looking to buy or sell a home in Bainbridge or the surrounding Eastern suburbs, please contact the Schuman Team at 216-346-3235.
VIEW ALL BAINBRIDGE HOMES FOR SALE BY CLICKING BELOW:
CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE
Bainbridge Home Statistics is is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Nov,2009
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