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Beachwood, OH Real Estate News

By Roger D. Mucci, Lets shake things up at your home today!
(Shaken...with a Twist 216.633.2092)
A little over four years ago, Massage Envy opened about a block from the apartment complex I was living in at the time.  It took about three visits before a found a masseur that suited my needs.  Now I live 45 minutes away, but still keep the same masseur at the same place. Alan is terrific.  He learned all of my trouble spots and zeroed in on them every time I had an appointment with him.  I looked forward to every visit and felt great after each session. I had an appointment with Alan at 2 p.m. today.  I got a call first thing this morning that Alan no longer works at Massage Envy.  They re-scheduled my appointment with Stephen at 3 p.m. today................ Stephen's got his work cut out for him, Alan is a tough act to follow.
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By Svetlana Stolyarova, Local-n-Global Realty, Broker 216-548-4663
(Local-n-Global Realty, Cleveland and International Real Estate Solution)
  Why Would You Be Waiting For Spring Time To Sell Your Beachwood OH Home? It's not a secret that many home sellers in Greater Cleveland postpone listings of their homes till Spring time. Usually it is worth it because our winters may be not so pleasant, and it's harder to show the houses during snow days. Selling homes in winter may be also challenging because there are usually  fewer home buyers on the Winter market than in Spring time. Not this year. Working with home buyers, we run into situation when it's more buyers than matching homes. And I'm not talking about serial Deal seakers. I am talking about the first time home buyers or moving up buyers who need a good place for their families to live. Let's look at the popular Beachwood OH Real Estate market. Per NorthEastern Ohio Mult...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood OH Real Estate 44122 - Home Value Report First Quarter 2011         Before we discuss the state of home values in Beachwood, OH, specifically in the zip code 44122, we will first provide a list of all the homes that sold during the first quarter in 2011. Then, we will show a comparison of March 2011 to March 2010, provide a statistical comparison between the first quarter of 2011 to last year, and finally provide commentary. 27500 Cedar #809 $89,000 24105 Edgehill Dr $158,000 2930 Richmond Rd $185,000 2541 Elmhurst Dr $190,000 25940 Hurlingham Rd  $190,000 21026 Almar Dr $202,500 24707 Albert Ln $205,000 2618 Deptford Dr $217,500 12 Chelsea Ct $220,000 19 Deerfield Ln $230,000 23227 Wendover Dr $238,000 25418 Halburton Rd $290,000 24442 Meldon Blvd $360,000 2513 Fairwood Court...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood Ohio Real Estate - Year End Market Report 2010         Here is our official end of the year market report for Beachwood Ohio for 2010.  We will provide an analysis comparing last year to 2009 and then offer commentary.   Year      # of Homes Sold        Ave. Sales Price                High                  Low 2010                      104                      $270,145               $750,000            $68,000 2009                      117                      $258,802               $650,000            $62,000     Here is a breakdown of 2010 home sales in Beachwood by price bands:   Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 180   $80,000 thru $89,999 2 140   $90,000 thru $99,999 1 57   $100,000 thru $119,999 4 112   $120,000 thru $139,999 4 40   $...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood Ohio Home Values Report - November 2010      Below are all homes that sold in Beachwood in November, 2010. We have also included a map indicating where all sales took place. The plus signs on the map indicate that more than one home sold in that particular area. We will discuss the direction of home values in Beachwood OH at the bottom in the commentary section.   3630 Concord Dr $80,500 24181 Bryden Rd $156,000 2642 Ramsay Rd $165,000 9 Stratford Ct $210,000 4 Windrush Ln $215,000 4 Saratoga Ct $225,000 4 Dorset Ct $243,000 3281 Havel Dr $253,000 23200 Halburton Rd $343,000     All Sales           # of homes sold         Ave. Sales Price               November 2010           9                       $210,056                 November 2009          13                      $227,5...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
 Beachwood OH Home Values - Report October 2010      Before discussing the direction of home values in Beachwood OH, we will first give monthly and yearly statistics for sales and average sales price. Commentary will be provided. Here is a list of all homes that sold in Beachwood in October, 2010.  23317 Beachwood Blvd $138,175 24005 E Silsby $160,000 24602 Meldon Blvd $340,000 24780 Letchworth Rd $380,000 4 Kenwood Ct $445,000 2408 Beachwood Blvd $735,000   All Sales           # of homes sold         Ave. Sales Price               October  2010            6                        $366,363                 October  2009           11                       $287,591 YTD 2010                  83                       $284,067 TYD 2009                  97                       $266,952   *sou...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood OH Real Estate - Home Value Report 3rd Quarter 2010          Before we discuss home values and trends in Beachwood, OH, we will first provide a list of all the homes that sold in here during the month of September. We will then provide a statistical comparison between the third quarter of 2010 and the same time period in 2009.   3597 Beacon Dr $186,000 2627 Edgewood Rd $205,000 25805 Fairmount Blvd #402 $205,000 2178 Cedarview Dr $254,000 25896 Fairmount Blvd $272,500 25275 Shaker Blvd $342,256 25050 Twickenham $555,500     All Sales           # of homes sold         Ave. Sales Price               Sept.   2010               7                        $313,500                 Sept.   2009               7                        $288,608 YTD 2010                  77                ...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood OH Real Estate - Monthly Market Report August 2010          Here are all home sales in Beachwood for August, 2010:    23500 Cedar Rd $101,000 2533 S Green Rd $169,000 2500 Deborah Dr $185,000 3116 Richmond Rd  $186,500 2647 Ramsay Rd $235,000 26620 Hendon Rd $260,000 23774 Greenlawn Ave $275,000 26332 Annesley Rd $325,000 2550 Biscayne Blvd $348,000 20 Sherwood Ct $375,000 24350 Woodside Ln $750,000     All Sales           # of homes sold         Ave. Sales Price               August 2010             11                      $291,773                 August 2009             13                      $271,915 YTD 2010                  68                      $269,410 YTD 2009                  79                      $262,159   *source NEOHREX ( Regional MLS )   COMMENTARY: Last mon...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood OH Real Estate - Monthly Market Report July 2010          Here are all home sales in Beachwood for July, 2010:    2515 Deborah Dr $178,000 2276 Richmond Rd $240,000 25812 Fairmount Blvd $285,000 25110 Wimbledon Rd $315,000 6 Nantucket Ct #C $375,000 22307 Halburton Rd $397,500 12 Kenwood Ct $409,000 2721 Sulgrave $447,500   All Sales           # of homes sold         Ave. Sales Price               July 2010                  8                       $330,875                 June 2009                14                      $307,750 YTD 2010                 57                      $265,094 YTD 2009                 66                      $260,237   *source NEOHREX ( Regional MLS )   COMMENTARY: While we got off to a fairly good start to the year, the summer months have been much s...
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood OH Real Estate - Bi-Annual Market Report  2010          The year is now half over, giving us plenty of data to determine an accurate state of the real estate market here in Beachwood OH. We will first give a list of all homes that sold in Beachwood last month, and then show a monthly and year-to-date comparison to 2009.  Here are all sales in Beachwood for June, 2010: 27500 Cedar #406  $115,000 2553 Richmond Rd $135,000 23606 E Groveland Rd $160,000 25251 Hilltop Dr  $176,000 23106 Greenlawn Ave $185,000 25365 Bryden Rd  $190,000 2645 Buckhurst Dr  $215,000 24017 Woodway Rd  $262,000 18 Waterford Ln #A  $291,000 22318 Halburton Rd  $325,000 26651 Shaker Blvd  $365,000 3190 Green Rd  $375,000   All Sales           # of homes sold         Ave. Sales Price               June 2010...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
The City of Beachwood, Ohio warns residents to make certain that their 9-1-1 emergency telephone service works. This applies "only" to those residents who have changed their telephone service from traditional lines to cable. In some cases this may have affected the 9-1-1 emergency telpephone line as it may not have been properly configured. If you have switched your service to Internet and want to test your 9-1-1 calling ability you can call the Beachwood Police Department at 216-464-1234. DO NOT HOWEVER CALL 9-1-1!
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
So how did January 1st through April 30, 2010 sales in Beachwood, Ohio stack-up against sales during the same period in 2009? Home sales actually decresed slightly in number but prices increased substantially among the homes that sold this year in Beachwood, Ohio. Beachwood OH homes also sold quicker this year than last year!     YEAR HOMES SOLD     AVG PRICE BEDROOMS      BATHS      D.O.M. 2009       24     $236,553.00          3           3.08     141/184 2010       20     $272,800.00          3           3.20     110/159    Find a Home: http://markostrovsky.com    
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By Dan and Amy Schuman, Luxury Home Specialists
(Howard Hanna Real Estate Services)
Beachwood Real Estate - Monthly Market Report April 2010       Here is a summary of homes that sold in Beachwood during the month of April, 2010 and a comparison to April 2009. We also included year to date figures through the first 4 months of the year for both 2010 and last year as well. All Sales           # of homes sold         Ave. Sales Price               April 2010                4                        $245,250                 April 2009                6                        $244,920 YTD 2010               20                        $272,798 YTD 2009               23                        $246,794   *source NEOHREX ( Regional MLS )   Commentary:  The Beachwood OH home statistics look very similar this year compared to 2009. In terms of home sales, we are close to last year'...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
SHOULD I BUY OR SHOULD I RENT? That is the question, and the answer may differ greatly depending on where you live. Hindsight being 20/20, renting obviously would have made a lot of sense over the past decade in markets that would virtually plummet in value when the housing bubble burst. On the other hand some markets, such as Portland, Oregon, San Francisco and Seattle seem virtually unscathed and many of us perhaps wish that we had invested in property in these areas. So with the looming deadline to take advantage of the tax credit, the New York Times took data from Moody'sEconomy.Com, as well as from several other sources, and compared the cost of buying and renting a home in different venues throughout the U.S. They use something called the "Rent Ratio," which is the purchase price ...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
As hard as it is to believe Spring is just around the corner in Beachwood, Ohio and Spring means SPRING CLEANING! From May 3rd through May 8th you can get rid of all that potentially toxic and hazardous stuff in your garage and/or basement by dropping it off at Door #5 at the City of Beachwood's Service Department. Hours are from 7:30 A.M. to 4:00 P.M. Among the items that will be accepted are oil or solvent-based paint, sealers, primers, varishes, polyurethanes, shellacs, paint thinner, mineral spirits, turpentine, pesticides, herbicides, fungicides, caustic household cleaners, automotive fluids, motor oil, car batteries, adhesives, roof tar, driveway sealer, kerosene, gasoline, lighter fluid, mercury and fluorescent bulbs. For more information call 216-292-1922. FIND A HOME: http://ma...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
It will be hurry-up and wait for drivers at the popular Richmond and South Woodland Road intersection this summer. The Beachwood OH Mayor's Office recently announced a major road reconstruction project in which the entire road will be ripped-up and replaced. The roadwork is expected to begin in Mid-June and to end in Mid-August and will significantly effect Richmond, South Woodland, Letchworth, Brucefield Road access. Those heading to and from the J.C.C. will have to use Science Park Drive. For more on the details of this project: http://www.beachwoodohio.com/Advance%20construction%20Notice.pdf FIND A HOME IN BEACHWOOD OH: http://markostrovsky.com  
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
Bigger is better sometimes, but not always when it comes to hiring a real estate agent to sell your house. Many so-called "Mega Listing Agents" can and do provide excellent service; but service doesn't improve nor do the odds of your house selling merely because an agent or their company has a bigger than life name. The factors that determine whether your house will sell are price, location, condition, marketing and market conditions. If these are in line then most competent agents can sell your house; whether that agent lists a dozen houses a year or five hundred! A Mega Listing Agent may dazzle you during their listing presentation with how many properties they have sold. What many agents may not share is how many of their listings don't sell and/or wind up as expired listings. Some a...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
The U.S. Treasury wants to make it tougher for lenders to foreclose on underwater borrowers. Under the proposal lenders would be required to contact borrowers who are 60-days behind in their mortgage payments and then assess whether the borrower is eligible for HAMP (Home Affordabie Modification Program). Lenders would be forced to account for their activities and to state in writing why a borrower is not eligible for a loan modification under HAMP. Also, borrowers would be given 30-days to respond upon denial of a loan modification and lenders would be prohibited from auctioning the property or from putting it up for sale. At the very least, these proposed changes would slow down the foreclosure process and would put some much needed teeth in HAMP. FIND A HOME: http://markostrovsky.com
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
If "An ounce of prevention is worth a pound of cure," the nation's lenders have thus far not done a very good job becoming part of the solution. Turns out that Federal foreclosure prevention programs have helped a mere 12-percent of those homeowners who have applied to have their loans modified. This is not good news. HAMP, a/k/a the Home Affordable Modification Program, aims to reduce mortgage payments for underwater homeowners to as little as 31-percent of their pre-tax monthly income. This figure includes principal, interest, taxes and insurance and other debts if possible. Amazingly only one 1-million or so homeowners have applied for loan modifications under the program! 116,00 homeowners or 12-percent have had their loans modified. 60,500 have been given outright denials and 76-Th...
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By Mark L. Ostrovsky, Howard Hanna Real Estate Services
(Howard Hanna Real Estate Services)
"I'm looking for a for-sale-by-owner property because that's where you find the real deals." Who wouldn't like to cut out the middleman and save money on a commission? In the best of all possible worlds a seller wouldn't have to pay a real estate fee and that savings would be passed on to the buyer. But we don't live in an ideal world. What happens instead is FSBO properties are often over-priced! The seller of course believes that their unrealistic price is correct and the buyer may believe this as well because they have no professional guidance. By the way, a buyer's ability to surf the Web and to assess the value of a property via sites like Zillow for example does not qualify as "professional guidance." es FSBO's can sell for more money early in the game when the house first comes u...
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