Beachwood Home Statistics November 2009

Beachwood Home Statistics November 2009

 Beachwood Home Statistics

 

Here is a list of all single family homes that sold here in Beachwood last month.  A market summary will follow.

23207 E Groveland Rd $126,000
21118 Halworth Rd $130,000
23114 Cedar Rd $185,000
2546 Larchmont Rd $190,000
2173 Halcyon Rd $233,000
25911 Hendon Rd $255,000

 

 

 

MARKET SUMMARY

Last month’s Beachwood home statistics look similar to those from November of 2008.

Overall, there were 6 homes that sold last month at an average price of $186,500. Last year saw only 5 homes sell in November at an average price of $162,00. The homes that sold last month were all lower than the average sales price of a home in Beachwood, which leads us to believe that bargain shoppers are looking at the lower price points, which is common during winter months.

Year to date figures show the average sales price to be $263,524, up from $252,264 last year. In addition, more homes have sold so far this year compared to all of last year, 81 to 68. Overall, 2009 will be a better year for Beachwood real estate than 2008, which is a good sign.

Also, luxury homes in Beachwood have seen more sales in 2009 as well. This year we have had 9 sales of $500,000 or higher compared to just 1 in all of 2008.

While the number of sales is typically small in Beachwood as it is a small city with fairly limited housing inventory, it is a positive sign that more homes have sold and at a higher average price in 2009 compared to last year.

With a solid tax base, excellent rated schools, and an active Chamber of Commerce, Beachwood real estate is usually in demand. Beachwood offers its residents great location with easy access to I271, superb amenities, and access to some of the best shopping in all of Ohio. The large depreciation seen in other areas has not hit Beachwood, according to our Beachwood home statistics.

Next month we will have an end of the year summary and analysis so look for it during the first week of January. 

Check out other articles of interest on Beachwood Ohio:

Beachwood Home Statistics October 2008

Beachwood Market Report Third Quarter of 2009

Beachwood Ohio Monthly Market Report April 2009

Beachwood Ohio First Quarter Market Report 2009

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ABOUT THE AUTHORS:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

If you are looking to buy or sell a home in Beachwood or surrounding suburbs you can contact the Schuman Team at 216-346-3235.

 

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

view all Beachwood area homes

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Beachwood Home Statistics November 2009 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Nov,2009   

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