Mayfield Village Ohio Year End Market Report 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

 

Mayfield Village Ohio Year End Market Report 2010

 

Mayfield Heights 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

 


 

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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 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.

 

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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

 

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