Pepper Pike OH Real Estate Year In Review 2011
Here is our official 2011 year in review for Pepper Pike Oh real estate, complete with a comparison to 2010. We will provide commentary after giving statistics on the Pepper Pike housing market.
Year # of Homes Ave. Sales Price Sales Price/List Price Ave. Days on Market
2011 89 $402,418 88.22% 194
2010 85 $435,535 91.99% 159
Here are all 2011 home sales in Pepper Pike broken down by price points:
Source: NEOHREX
COMMENTARY
A great year in 2010 was followed by even higher sales in 2011. However, as opposed to last year when we saw an increase in both sales AND average sales price, the average sales price of a home in Pepper Pike decreased from last year. The activity in the luxury home market ( those priced over $500,000) was decent with 25 sales. Although not as strong as 2010, it was much better than the 14 luxury homes that sold in 2009.
In addition to looking at Pepper Pike statistics, we also think it's important to note real estate activity in the other two suburbs that are also part of the Orange School District ( Moreland Hills and Orange ). Both Moreland Hills and Orange saw an increase in the average price of a home in 2011. Moreland Hills saw an increase in sales compared to 2010 while Orange saw sales numbers decrease.
Overall, the numbers indicate that the worst is behind us although the local real estate market is still moving along very slowly. There have been some positive signs in the economy which will hopefully help the local housing market.
There are some fantastic deals on homes in Pepper Pike right now, and continued low rates make this a great time to buy.
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.
LET'S CONNECT:
Pepper Pike OH Real Estate Year In Review 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2012
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