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

By
Real Estate Agent with Howard Hanna Real Estate Services

Moreland Hills OH 44022 - First Quarter Market Report 2011

 

 

 

Moreland Hills Oh home for sale

 

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:

 

175 Miles Rd $415,000
15 Bernwood Ln $435,000
75 Willow Wood Ln $515,000
110 Hunting Trl $550,000

 

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.

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

 

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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

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Rainmaker
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

It's always hard to tell with the first quarter numbers but they do look much better than 2010, Dan and Amy!  We used to live in Strongsville a long, long time ago before we moved to Indiana.  Still have cousins in Berea.

Apr 14, 2011 03:27 PM #1
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