Moreland Hills Real Estate: First Quarter Market Report 2009

Below are official sales during the first quarter of 2009 in Moreland Hills Ohio.

 ADDRESS                       LIST PRICE            SALE PRICE

 

105 N Strawberry Lane $176,900 $175,000
132 S Strawberry $249,000 $233,000
100 Millcreek Lane $384,990 $363,000
     
     

Overall, there were 9 sales during the first quarter of 2008 compared to only 3 this year.

Here is how the first quarter of 2009 compares with the same time period from 2008 here in Moreland Hills:

 

Year # Of Sold Homes Ave. Sale Price Ave. Market Time
2009 3 $257,000 142  
2008 9 $675,878 139  

 

SUMMARY

The beginning of 2009 was generally slow throughout many of Cleveland’s east side suburbs. The major difference in the figures from 2009 to 2008 was that there were 2 homes in the beginning of 2008 that sold for around $2,000,000.

Since few homes typically transfer in Moreland Hills, the numbers can be easily skewed when there are periods of time where large sales occur. On a bright note, there are 5 homes currently under contract, most occurring within the last 30 days. This may indicate increased buyer activity.

Check out other quarterly reports from nearby suburbs:

Bainbridge Ohio 2009 First Quarter Market Report

Beachwood Ohio 2009 First Quarter Market Report

Orange Village Ohio 2009 First Quarter Market Report

Pepper Pike Ohio 2009 First Quarter Markte Report

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

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About The Authors:

Dan and Amy Schuman reside in the eastern suburbs of Cleveland. The Schuman Team uses 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 the Schuman Team’s listings sold in less than 60 days.

The Schuman Team specializes in luxury homes. They are founding members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and also members 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. They also work extensively with buyers and sellers who are relocating in or out of the area.

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

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

Check out the award-winning website, www.schumanteam.com .

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