Orange OH Year End Market Report 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

 

Orange OH Year End Market Report 2010

 

 

Orange Oh homes for sale

 

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

Year      # of Homes Sold        Ave. Sales Price              High                  Low

2010                      42                     $279,598                $875,000             $75,900

2009                      42                     $259,121                $750,800             $87,500

 

Here are all 2010 home sales in Orange broken down by price points with average days on market noted:

 

Orange Oh home sales

Source: NEOHREX

Commentary - Based on the statistics above, real estate in Orange Oh was better in 2010 than in 2009. The number of sales was the same, but the average purchase price went up. In terms of luxury home sales in Orange, we saw 3 in both 2009 and 2010.  Luxury home sales are defined as those being over $500,000.

When we analyze at the Orange real estate market, we also take into consideration neighboring communities Pepper Pike and Moreland Hills as they are all part of the Orange School District. All three communities had better years in 2010, leading us to believe that we have seen the bottom and things are beginning to improve. We don't foresee a lot of appreciation at this point, however.

Orange Ohio is a very small community of about 3000 people, and therefore has very few home sales in any given year. It is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.


View Orange 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 Orange Oh real estate and homes see  Orange 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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Orange OH 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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Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Looks like there are some signs of things improving.  We will keep our fingers croseed.

Jan 28, 2011 02:15 PM #1
Rainmaker
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Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Thanks, Joan. Hope things are doing well in New Hampshire.

Jan 28, 2011 02:39 PM #2
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Dan and Amy Schuman

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