Pepper Pike Real Estate – Quarterly Market Report Spring 2010

Pepper Pike Real Estate – Quarterly Market Report Spring 2010

Here is an unofficial list of all Pepper Pike real estate home sales during the first quarter of 2010. A summary will follow.

 

28900 S Woodland Rd $142,500
30780 Providence $210,500
3187 Kersdale Rd $225,000
27900 N Woodland $240,500
31200 Fox Hollow Dr $260,000
3534 Rolling Hills $280,000
33475 Pinetree $295,000
3455 Courtland Rd $300,000
31499 Trillium Trl $310,000
2504 Ginger Wren Rd $310,000
6075 North Pointe $400,000
30651 Ainsworth Dr $500,000
30850 Summit Ln $530,000
3130 Lander Rd $535,000
3715 Greenwood Dr $572,000
30650 Ainsworth Dr $590,000
2549 Ginger Wren Rd $625,000
2890 Alvord $700,000
3420 Old Brainard $925,000

SUMMARY

First quarter sales of Pepper Pike real estate here in 2010 are very similar to those from the same time period of 2009. In fact, here is a comparison between the two years:

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2010                19                          $418,447  

First Quarter 2009                16                          $421,168 

The fact that the numbers are similar may be a strong indication that the market has stabilized. If this is the case, then buyers and sellers alike should feel more comfortable making decisions moving forward.

Another good indication of true market activity is by noting how many homes are currently under contract. At this time, there are 27 homes under contract, and 3 are listed for over $1,000,000, another very good sign that buyers are feeling more confident about the market.

The rise in the stock market during the first quarter and slightly growing economy may be contributing to the resurgence of the luxury home market in Cleveland, and specifically in Pepper Pike.

While the tax buyer credit has fueled sales in the area, it is too early to tell if it had a major affect on Pepper Pike homes as these are typically priced much higher than what first time buyers spend on average.

Overall, Pepper Pike real estate is regarded by many as very desirable thanks in part to the excellent rated ( by the State of Ohio ) schools, beautiful 1 acre wooded lots, and ideal location.

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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 Pepper Pike OH real estate and homes see Pepper Pike real estate

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

VIEW ALL PEPPER PIKE OH HOMES FOR SALE BY CLICKING BELOW

 

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Pepper Pike Real Estate – Quarterly 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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