Pepper Pike Real Estate – Marketing Report February 2009

The Pepper Pike real estate market has gotten off to a decent start so far this year.

Specifically, 9 homes have officially sold in 2009 compared to only 5 sales through the first 60 days of 2008.  A good indication of buyer activity is best measured by the fact that 7 homes went under contact over the last 60 days. This is a sign that there are serious buyers in the Pepper Pike real estate market. 

SUMMARY

Here is an unofficial list of all homes that recently went under contract, and a separate list of all homes that have SOLD so far this year in Pepper Pike.

 

RECENTLY UNDER CONTRACT  List Price
   
31950 Gates Mills Blvd $229,900
30550 Shaker Blvd $250,000
2887 Brainard $250,000
2643 Windy Hill $315,000
31400 S Woodland $389,000
3100 Legends Way $600,000
29975 Bolingbrook $1,150,000

 

 

SOLDS JAN/FEB 2009  Sale Price
   
2737 Kersdale $206,180
31649 Gates Mills Blvd $275,000
28200 N Woodland $300,000
29226 Bryce $410,000
2458 Cedarwood $350,000
2574 Fairwood $450,000
32149 S Woodland $489,000
33375 Woodleigh Road $650,000
28220 Red Raven  $875,000

 

WHAT’S NEXT?

Right now, the inventory of homes is stale as very few new homes have come onto the market during the winter months. The serious buyers have seen everything in their price range and have not been overwhelmed enough by any of them to make a serious buying decision. These buyers typically have defined exactly what they want and are just waiting for the right home to come on the market. They are also watching to see if the price of a current listing decreases enough for the home to become more appealing.

The spring market is just around the corner and we anticipate a lot of homes coming onto the market in the next 60 days. Activity should really pick up from April -July as many buyers with school aged children will want to be settled into their new home for the start of the school year in August.

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If you are looking to buy or sell a home in BeachwoodMoreland HillsOrange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.

Dan and Amy Schuman use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

To see all homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

 

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