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Seven Hills Ohio Fourth Quarter Market Report for 2009

By
Real Estate Agent with RE/MAX Above & Beyond

Seven Hills Ohio Fourth Quarter Market Report for 2009

It is typical for the market to slow down this time of year, but we still saw an overall decline in closed and pending sale prices in 4th quarter compared to 3rd. A few exceptions here and there but not enough to say the market improved much. Much of the business in the first quarter of 2010 will have been written in the 4th quarter so it remains to be seen if we will see a little more in the way of improvement. If you're planning to sell your home in 2010, the right price will be critical.

 

SEVEN HILLS
SINGLE FAMILY
# OF ACTIVE LISTINGS 79
AVG. SQFT. 2022
AVG. PRICE PER SQFT. $104.3
AVG. MARKET TIME 181
AVG. LIST PRICE $204,173
AVG. SALE PRICE N/A
# OF CONTINGENT SALES 3
AVG. SQFT. 1931
AVG. PRICE PER SQFT. $84.69
AVG. MARKET TIME 107
AVG. LIST PRICE 136,233
AVG. SALE PRICE
# OF PENDING LISTINGS 9
AVG. SQFT. 1494
AVG. PRICE PER SQFT $117.73
AVG. MARKET TIME 122
AVG. LIST PRICE 81,678
AVG. SALE  PRICE
# OF CLOSED LISTINGS 30
AVG. SQFT. 1906
AVG. PRICE PER SQFT. $86.76
AVG. MARKET TIME 102
AVG. LIST PRICE $168,665
AVG. SALE PRICE $159,136

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Seven Hills Ohio Real Estate First Quarter Market Report 2009

Seven Hills Ohio Real Estate Second Quarter Market Report 2009

Seven Hills Ohio Real Estate Third Quarter Market Report 2009

Comments(8)

Mark L. Ostrovsky
Howard Hanna Real Estate Services - Beachwood, OH
Howard Hanna Real Estate Services

Hopefully Seven Hills sellers, and sellers in other venues, will get the message that price is key. More importantly, hopefully sellers proactively heed their agents price recommendations in this first quarter, before rates increase and the tax credit expires. And, oh yes, and before all those REO's hit the markerplace.

Jan 07, 2010 11:48 AM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Barb~ The same holds true in most markets!  The right pricing is key!  There is no escaping it!

Jan 07, 2010 11:51 AM
Barb Szabo, CRS
RE/MAX Above & Beyond - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Hi Mark, That is my hope as well as we have all heard about the new wave of foreclosures soon to hit.

Hi Vickie, Hope you had a nice Christmas and Happy New Year to you! Thanks for stopping by.

Jan 07, 2010 12:08 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Barb--Nice job with the market report for Seven Hills! Pricing is alway key!

Jan 07, 2010 12:53 PM
Barb Szabo, CRS
RE/MAX Above & Beyond - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Thanks Teri. The first quarter will be very interesting.

Jan 07, 2010 12:58 PM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Barb...For the start of this new year, I hope some people are willing to readjust some pricing figures...Best of fortune to you...

Jan 07, 2010 11:17 PM
Caren Wallace
Premier Property Group LLC - Tualatin, OR
Portland Caren Real Estate

Barb, it looks like an average of 10 sales per month....sounds good in a slow market... go get 'em girl!!

Jan 07, 2010 11:32 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Barb nice work provided the local market stats to those in your area that follow Real Estate!

Jan 08, 2010 12:32 AM