Bainbridge Real Estate - Home Value Report Third Quarter 2010
Before we discuss the state of home values here in Bainbridge, we will first list all the homes that sold last month and make a comparison between the third quarter this year and 2009.
| 17644 N Hampton Ct | $106,000 |
| 8605 Tanglewood Trl | $128,000 |
| 8745 E Craig Dr | $195,000 |
| 17115 Woodmere Dr | $201,000 |
| 18030 Haskins Rd | $247,000 |
| 9590 Stafford | $342,000 |
| 17291 Red Fox Trl | $510,000 |
| 7940 Cobblestone Ln | $513,500 |
| 7570 Trails End | $679,000 |
All Sales # of homes sold Ave. Sales Price
Third Quarter 2010 35 $341,134
Third Quarter 2009 35 $265,886
YTD 2010 93 $311,541
YTD 2009 75 $321,892
SUMMARY
Overall, sales numbers for September and the third quarter were the same as those from 2009. The main difference is that average sales price was higher during the third quarter this year than last. We have seen more sales this year, year-to-date, with the average sales price coming in just under what it was at the same time last year.
In terms of home values in Bainbridge, it looks like the worst may be behind us. If we take away a few very low priced distressed sales, the average sales price is pretty much unchanged since last year. While we cannot say that the market is appreciating, the statistics certainly seem to support a stabalization of prices. In addition, we have seen more luxury home sales, those over $500,000, this year than last.
Home buyers seem to have a little more confidence this year and historically low interest rates certainly haven't hurt. We also believe that in some areas, such as Bainbridge, sellers are being a little more realistic on their home's value. Sellers who are still not in tune with the market simply won't sell.
When all is said and done, we believe year end statistics will be better this year than in 2009 both in terms of number of sales and average sales price. It is important to note that while these statistics are helpful in getting a general overview, nothing replaces the knowledge of a local real estate agent. If you are looking to get the value of your Bainbridge home or one that you are looking to buy, a local agent is a great resource as they often have information not available anywhere else.
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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:
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Bainbridge Real Estate - Home Value Report Third Quarter 2010 is is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October, 2010
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