Mayfield Heights Ohio Year End Market Report 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

Mayfield Heights Ohio Market Report 2010

 

Mayfield Heights market report 2010

 

Here is our official 2010 year in review for Mayfield Heights,  complete with a comparison to 2009. We will provide commentary after giving statistics on the Mayfield Heights housing market. 

 

Year      # of Homes Sold        Ave. Sales Price                High                  Low

2010                    158                      $129,480               $390,000             $21,000

2009                    191                      $131,214               $375,000             $24,900

 

Here is a break down of all 2010 sales by specific price bands:

Selling Price Range  Quantity      Average DOM  
$20,000 thru $29,999 1 5  
$30,000 thru $39,999 5 27  
$40,000 thru $49,999 2 42  
$50,000 thru $59,999 5 72  
$60,000 thru $69,999 12 152  
$70,000 thru $79,999 5 82  
$80,000 thru $89,999 11 88  
$90,000 thru $99,999 11 139  
$100,000 thru $119,999 17 107  
$120,000 thru $139,999 29 96  
$140,000 thru $159,999 28 98  
$160,000 thru $179,999 12 100  
$180,000 thru $199,999 5 120  
$200,000 thru $249,999 6 74  
$250,000 thru $299,999 6 47  
$300,000 thru $349,999 2 212  
$350,000 thru $399,999 1 24  
  158 99  

Commentary -  Both sales and average sales price were down in 2010 compared to the previous year. The $100,000-$150,000 price point was the most popular, most likely a result of the home buyer tax credit in the spring.

Moving forward, Mayfield Heights is part of the excellent rated Mayfield School District, and remains a desirable place to live. In addition, it offers great location, with easy access to the highway, and is also a manageable drive to downtown. We anticipate sales numbers this year to be about the same, but with a higher average sales price, as the number of lower priced distressed properties will likely decrease.

 


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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 Mayfield Heights Oh real estate and homes see Mayfield Heights Oh Real Estate

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

 

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Mayfield Heights Ohio Year End Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011

 

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