Orange OH Real Estate – Orange Home Statistics Spring 2010

 Orange OH Real Estate – Orange Home Statistics Spring 2010

  

Orange Village Gazebo

Here is an unofficial list of all Orange Oh real estate sales during the first quarter of 2010.  A summary with a state of the market will follow. 

4200 Brainard Rd $75,900
4949 Lander Rd $122,000
29450 Jackson Rd $160,000
28399 Pike Dr $170,000
29599 Emery $175,000
31150 Woodcrest Rd $191,500
3909 Beechmont Trl $322,500
4069 Orangewood Dr $325,000
   

SUMMARY

Overall, Orange OH home sales were better during the first quarter of 2010 than during the same time period in 2009. So far this year we have had 8 sales at an average sales price of $192,738. Last year saw only 3 sales during the first 3 months of the year at an average sales price of $157,700.

In terms of current market activity, there are 9 homes under contract and most should transfer within the next 60 days. The significance of these homes is that 3 of them are currently priced over $500,000, indicating a willingness of luxury home buyers to get off the sidelines and start buying again. This should help increase the average home price in Orange, especially since there are typically few transactions in a given year in this very small town.

The tax buyer credit certainly helped many surrounding communities, especially those with home values predominantly under $200,000. However, although time will tell the affect of the credit on Orange OH real estate, it could have been a factor as those selling to first-time buyers are moving up and buying homes in Orange and surrounding suburbs. 

It will be interesting to see how second quarter home statistics play out, but indications are leaning toward a stabilization of the local real estate market. Lower interest rates and increased consumer confidence should actually make 2010 a better year in real estate than 2009.

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

Beachwood 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 Orange Oh real estate and homes see   Orange OH real estate

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

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Orange OH Real Estate – Orange Home Statistics 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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