Beachwood Real Estate – Home Value Report 3rd Quarter 2010

Beachwood OH Real Estate – Home Value Report 3rd Quarter 2010 

Beachwood OH Real Estate

 

Before we discuss home values and trends in Beachwood, OH, we will first provide a list of all the homes that sold in here during the month of September. We will then provide a statistical comparison between the third quarter of 2010 and the same time period in 2009.

3597 Beacon Dr $186,000
2627 Edgewood Rd $205,000
25805 Fairmount Blvd #402 $205,000
2178 Cedarview Dr $254,000
25896 Fairmount Blvd $272,500
25275 Shaker Blvd $342,256
25050 Twickenham $555,500

 

All Sales           # of homes sold         Ave. Sales Price              

Sept.   2010               7                        $313,500                

Sept.   2009               7                        $288,608

YTD 2010                  77                       $277,654

TYD 2009                  86                       $264,312  

*source NEOHREX ( Regional MLS )

COMMENTARY:

Last month’s home sales in Beachwood were equal to those from September of 2009. However, the average sales price was higher.

As has been the theme the last few months, the market is basically holding steady, with no real direction up or down. The fact that the average home price is higher than last year is certainly good news, but may be due more to fewer distressed sales this year than an actual increase in Beachwood home values.

We caution home buyers and sellers not to concentrate too much on national housing statistics and headlines, as they do not necessarily reflect what is going on here in the Cleveland area. In addition, real estate is not only local, but hyper-local in that certain suburbs, and even specific neighborhoods, could see valuations differ than those of other nearby areas. Getting the advice of a local real estate expert is critical if you are looking for accurate information concerning the value of your Beachwood home.

Moving forward, the fall market will last until Thanksgiving, then the market typically slows down until the beginning of January. 

From a demand standpoint, Beachwood has a limited housing inventory, so there is typically never an over supply of homes on the market. Beachwood is also viewed as a highly desirable area in which to live and work as it offers easy access to I271, superb amenities, excellent rated schools and some of the best shopping in all of Ohio. 

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate – Bi-Annual Market Report 2010

Beachwood OH Real Estate – Monthly Market Report July 2010

Beachwood OH Real Estate – Year End Market Statistics 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.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

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

 

VIEW ALL BEACHWOOD AREA HOMES FOR SALE

 CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 Beachwood Real Estate – Home Value Report 3rd Quarter 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October,2010 

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