Pepper Pike OH Year End Market Report 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

Pepper Pike OH Year End Market Report 2010

 

 

Pepper Pike Ohio Homes For sale

 

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

Year      # of Homes Sold        Ave. Sales Price              High                  Low

2010                      85                     $448,058                $1,500,000          $115,000

2009                      71                     $383,267                $1,500,000          $117,000

 

Here are all 2010 home sales in Pepper Pike broken down by price points:

 

Pepper Pike home sales

Source: NEOHREX

Commentary

Pepper Pike real estate had a great year in 2010 considering the overall state of the real estate market.  In fact, Pepper Pike was one of the only area suburbs to see increases in both number of sales and average sales price. Even more impressive was the activity in the Pepper Pike luxury home market. This past year saw 31 luxury home sales ( those over $500,000 ) compared to only 14 in 2009. A truly remarkable figure.

It looks like all three suburbs connected to the Orange School District ( Moreland Hills, Orange, and Pepper Pike ) have seen the bottom of the market and things are beginning to stabilize. High-end buyers are obviously more comfortable with making a purchase decision, aided by low interest rates and sellers who are more reasonable with their pricing than in the past. 

Pepper Pike is a very small community on the east side of Cleveland. It is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.


View Pepper Pike 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 Pepper Pike Oh real estate and homes see  Pepper Pike 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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Pepper Pike 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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