Bainbridge Ohio Home Values Report - November 2010
Before discussing Bainbridge Ohio home values, we will go over sales for November of 2010. Here is a list of homes that sold in Bainbridge in November 2010 with a map below indicating location. The plus sign on the map indicates multiple sales in that specific area.
| 8834 S Spring Valley Park Dr | $80,000 |
| 17613 Walnut | $135,500 |
| 8022 S Riverside Dr | $245,000 |
| 8639 Apple Hill Rd | $272,500 |
| 8754 Holly Springs Trl | $278,000 |
| 16611 Mohican Trl | $292,500 |
| 17408 Beech Grove | $470,000 |
| 16420 Crown Pointe | $632,000 |
| 8360 Woodberry Blvd | $685,000 |
All Sales # of homes sold Ave. Sales Price
November 2010 9 $343,389
November 2009 11 $253,591
YTD 2010 113 $308,857
YTD 2009 95 $319,188
*Source NEOHREX
SUMMARY
As you can see from the figures above, sales are better than last year, although the average price of a home in Bainbridge is lower. While many surrounding areas, such as Solon and Twinsburg, have seen less sales and a higher average sales price, the statistics in Bainbridge are the exact opposite.
The fact that there are more sales is a always a good thing, as it indicates a renewed sense of confidence for home buyers. The drop in average home price is fairly small, so we don't see anything major to be alarmed about here.
When looking at home values in Bainbridge the statistics above should be used in conjunction with other figures. Just because the average price of a home is lower this year does not mean that every home has lost value. Every neighborhood and for that matter, every home is unique. Therefore, the best way to determine value is to compare a home to similar homes that have recently sold. A local real estate agent can assist with this.
Please look for our popular end of the year report next month. We will make a thorough assessment of the Bainbridge real estate market and give our thoughts on what to expect in 2011.
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About The Authors:
Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.
For Ohio and Bainbridge Oh real estate and homes see Bainbridge Oh Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Bainbridge Ohio Home Values Report - Noevember 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©December, 2010
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