Beachwood OH Real Estate - Monthly Market Report July 2010

Beachwood OH Real Estate - Monthly Market Report July 2010 

Here are all home sales in Beachwood for July, 2010: 

All Sales           # of homes sold         Ave. Sales Price              

July 2010                  8                       $330,875                

June 2009                14                      $307,750

YTD 2010                 57                      $265,094

YTD 2009                 66                      $260,237  

*source NEOHREX ( Regional MLS )

COMMENTARY:

While we got off to a fairly good start to the year, the summer months have been much slower in terms of Beachwood home sales compared to last year.

The good news is that the average home price is still up year-to-date, although overall sales are down from 2009.

While some area suburbs have seen increases in sales, many are down compared to last year. However, average sales prices are up in most areas compared to 2009. 

Overall, the local Cleveland real estate market is not showing any major signs of a quick turn around and in fact, some economists say the worst is still yet to come. Rates are at historic lows yet home sales are still lagging. It appears that our local real market will continue to struggle until the economy shows signs of improvement.

The silver lining is that this is really a great time for home buyers. Home prices are attractive in all price points and move up buyers especially are in prime position to take advantage of the current real estate market.

In terms of Beachwood Oh real estate, the demand remains fairly high because of an an excellent rated school system, solid tax base, and an active business community.

Beachwood has a lot to offer its residents including ideal location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood is viewed locally as a very desirable community in which to work and live, and those relocating to the area typically put Beachwood on their list of suburbs to consider.

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Bi-Annual Market Report 2010

Beachwood OH Real Estate - Monthly Market Report April 2010   

Beachwood OH Real Estate - Year End Market Statistics 2009 

****************************************************************************************************

About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

For a personal consultation or to speak to The Schuman Team, call 216-346-3235.

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood OH Real Estate - Monthly Market Report July 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©August,2010