Avon Ohio Market Report for February 2011

By
Real Estate Agent with Howard Hanna - Avon Lake, OH 2006004434

In reviewing the market report for Avon Ohio this past month of January. It has been apparent that the market has stabilized in the area.  Though there has been a decrease in homes sold there has been a decrease in inventory and there is another 18 homes in the area in pending status (indicating some sold signs are out there, getting people thinking).

Increase sales over last quarter and increase over this time last year (by a giant 42%) is a strong indication that the market is better in our area.


Curnt vs. Prev Month
Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 11 Dec. 10 % Change Jan. 11 Jan. 10 % Change Nov. 10 to Jan. 11 Nov. 09 to Jan. 10 % Change
For Sale 162 166 -2.4%  162 167 -3%  167 170 -1.4% 
Sold 10 21 -52.4%  10 7 42.9%  16 13 20.5% 
Pended 18 18 0%     18 13 38.5%  16 13 28.9% 
Date 11/09 12/09 1/10 2/10 3/10 4/10 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11
For Sale 174 168 167 166 179 177 181 195 209 201 184 181 174 166 162
New Listing 30 35 30 35 52 35 35 58 53 37 25 35 35 21 31
Sold 23 9 7 10 16 14 23 15 16 21 19 17 16 21 10
Pended 13 12 13 10 25 26 14 10 22 23 21 13 13 18 18
Months of Inventory (Closed Sales) 7.6 18.7 23.9 16.6 11.2 12.6 7.9 13 13.1 9.6 9.7 10.6 10.9 7.9 16.2
Months of Inventory (Pended Sales) 13.4 14 12.8 16.6 7.2 6.8 12.9 19.5 9.5 8.7 8.8 13.9 13.4 9.2 9
Absorption Rate (Closed Sales) % 13.2 5.4 4.2 6 8.9 7.9 12.7 7.7 7.7 10.4 10.3 9.4 9.2 12.7 6.2
Absorption Rate (Pended Sales) % 7.5 7.1 7.8 6 14 14.7 7.7 5.1 10.5 11.4 11.4 7.2 7.5 10.8 11.1
Avg. Active Price 313 314 313 325 331 331 323 311 313 293 285 288 299 301 304
Avg. Sold Price 260 215 332 228 215 242 248 275 268 284 286 228 305 243 220
Avg. Sq. Ft. Price 104 97 123 100 101 109 108 106 107 121 106 104 110 96 97
Sold/List Diff. % 96 94 97 90 95 94 95 96 95 92 96 95 92 95 94
Sold/Orig LP Diff. % 94 92 93 87 91 89 92 92 92 90 92 89 87 92 93
Days on Market 103 92 86 79 145 151 113 103 84 108 84 133 140 87 76
Median 250 245 270 248 209 242 245 301 256 252 295 249 258 285 230

Thinking about selling your homes? So what are you waiting for? Get off that fence and call me today!

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See my current community info video:

 

Struggling to search for Avon Lake, Avon, North Ridgeville, Sheffield Lake and Sheffield Village Homes?  Need some easier way to do it on the go?  Trulia 
and Zillow are great programs however they are not local.  They are not current to activity at the minute and projections on values of homes are questionable based on global measures and not having local information as a local Realtor would.  So what to do? Add my search engine to your mobile devise or  computer and get direct and current home sales, open houses, know when a home is off the market and sold right away and find similar homes in the area.  The search engine has GPS function that you can activate on your phone  and with that it will give you comparables while you are in the driveway of that dream home.  Now how cool is that?  

Try it.   http://stanleystepak.hanna2go.com

Stanley Stepak Jr. M.A.

Realtor

Howard Hanna - Gold, Avon Lake, Ohio

440-476-0234

Check out my profile at:stanleystepak.howardhanna.com              

Email me at stanleystepak@howardhanna.com  

Homes for sale in Avon Lake area are most sought after because of the superior schools, community activity and recreation, and park like setting this community offers. .If you are planning on buying, selling or relocating in the Avon Lake area, please give me a call as your Avon Lake Realtor.  I would be more than willing to help you with all your Real Estate related needs.

 

If you are looking for a great real estate agent in the Avon lake area,

  Let me GOOGLE one for you!

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