Mayfield Village Ohio Year End Market Report 2010
Here is our official 2010 year in review for Mayfield Village Ohio, complete with a comparison to 2009. We will provide commentary after giving statistics on the Mayfield Village housing market.
Year # of Homes Sold Ave. Sales Price High Low
2010 21 $214,952 $525,000 $100,000
2009 25 $260,796 $640,000 $55,000
Here is a break down of all 2010 sales by specific price bands:
| Selling Price Range | Quantity | Average DOM | |
| $100,000 thru $119,999 | 3 | 106 | |
| $120,000 thru $139,999 | 2 | 178 | |
| $140,000 thru $159,999 | 2 | 106 | |
| $160,000 thru $179,999 | 1 | 218 | |
| $180,000 thru $199,999 | 2 | 85 | |
| $200,000 thru $249,999 | 5 | 50 | |
| $250,000 thru $299,999 | 3 | 63 | |
| $300,000 thru $349,999 | 1 | 102 | |
| $400,000 thru $449,999 | 1 | 82 | |
| $500,000 thru $549,999 | 1 | 37 | |
| 21 | 92 |
Source - NEOHREX
Commentary - Both sales and average sales price were down in 2010 compared to 2009. With a population of 3149 ( Source: U.S. Census Bureau, 2005-2009 American Community Survey ) there are typically not a lot of home transfers in Mayfield Village on a yearly basis anyways, but 2010 was a down year.
Homes in Mayfield Village are characterized as being more of a mix between the city and country than neighboring Mayfield Heights, with many homes sitting on spacious wooded lots. Because of this, homes here are typically more expensive then Mayfield Heights. Although there were quite a few sales in 2010 under $200,000, many were distressed or needed work.
Mayfield Village is still viewed as a desirable area as it is part of the excellent rated Mayfield School District, and also within close proximity to the highway. This allows easy access to downtown, or nearby Lake County.
Moving forward, we anticipate that the market has stabilized, and predict sales to be in line with last year.
View Mayfield Village Ohio in a larger map
----------------------------------------------------------------------------------------------------------------------------
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 Village Oh real estate and homes see Mayfield Village Oh Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Mayfield Village 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
<
Comments (0)Subscribe to CommentsComment