Moreland Hills OH Real Estate – Market Report Spring 2010

Moreland Hills OH Real Estate – Market Report Spring 2010

 

Moreland Hills OH

 

Below are sales of Moreland Hills OH homes during the first quarter of 2010. 

 

37735 Chagrin Blvd $165,000
70 Millcreek Ln $235,000
35 Skyline Dr $273,000
5100 Chagrin River Rd $300,000
38200 Jackson Rd $365,000
25 Meadowhill $386,000
40 Winterberry Ln $1,250,000

Overall, there were 7 sales during the first quarter of 2010 compared to only 3 in 2009.

Here is how the first quarter this year compares with the same time period from 2009 in Moreland Hills:

 

Year # Of Sold Homes Ave. Sale Price
2010 7 $424,857    
2009 3 $257,000    

SUMMARY

The first quarter of 2010 has been better in almost every one of Cleveland’s east side suburbs compared to 2009. As the numbers indicate, Moreland Hills OH real estate has gotten off to a better start so far this year as well. Adding to the positive news, there are currently 6 homes under contract, with 2 listed over $750,000. 

Moreland Hills sees very little real estate sales in a given year, so the numbers can at times be a little skewed. However, the luxury home market, which was almost non-existent in 2009, has picked up somewhat so far this year. Perhaps the improving economy has given consumers more confidence to make purchases of big ticket items such as real estate.

Moving ahead, we anticipate this year being better statistically than 2009. Only time will tell, but many experts believe that the we have already seen the bottom of the real estate market and better times lie ahead. Although we don’t suggest significant appreciation, the fact that the market may have stabilized is in and of itself a good sign as buyers and sellers will have more comfort moving forward with their real estate goals.

Moreland Hills is viewed as one of the area’s most prestigious suburbs with average home values consistently among the highest in the area. Moreland Hills shares an excellent rated school system ( Orange Schools, rated excellent by the state of Ohio ) with neighboring communities of Pepper Pike and Orange, and offers distinctive homes on private wooded lots.

Below are articles of interest pertaining to other suburbs on the East side of Cleveland:

Beachwood Real Estate – First Quarter Market Report 2010

Orange Real Estate – First Quarter Market Report 2010

Pepper Pike Real Estate – First Quarter Market Report 2010

Solon Real Estate – First Quarter Market Report 2010

Twinsburg Real Estate – First Quarter Market Report 2010

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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  Moreland Hills Oh real estate and homes see   Moreland Hills OH real estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

VIEW ALL MORELAND HILLS OH HOMES FOR SALE BY CLICKING BELOW

 

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Moreland Hills OH Real Estate – Market Report Spring 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010   

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