Moreland Hills OH Real Estate 44022 - First Quarter Market Report 2011

Moreland Hills OH 44022 - First Quarter Market Report 2011

Here is our first quarter market report for Moreland Hills Oh  real estate, complete with a list of all sold homes and a comparison to the same time period in 2010.

All Sold Homes in the zip code 44022 - Moreland Hills, Oh:

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2011                4                         $478,750

First Quarter 2010                7                         $424,857

Source: NEOHREX

Commentary - As you can see from the numbers, there are typically not a lot of sales in the exclusive community of Moreland Hills Oh. We typically see between 30-40 home sales per year and anticipate things picking up a bit during the rest of the year. 

A recent article showed sales of luxury cars here in Northeast Ohio up 50% during the first quarter of the year, so we are hopeful that sales of luxury homes will follow suit. The rough winter weather we experienced over the last few months certainly didn't help the local real estate market, and many local communities saw a decrease in sales during he first quarter.

Moreland Hills is a fairly affluent area of luxury homes, many that sit on 2+ wooded acres. Moreland Hills is in close proximity to the airport and downtown Cleveland, making it a popular destination for people relocating to Cleveland.

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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 Moreland Hills Oh real estate and homes see  Moreland Hills 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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Moreland Hills Real Estate 44022 - First Quarter Market Report 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2011