Beachwood Ohio Market Report – Year End 2016

Beachwood Real Estate – 2016 Year End Home Statistics

Beachwood Home Statistics

Here is our official 2016 Beachwood Real Estate year in review complete with a comparison to 2015.

All Sales           # of homes sold         Ave. Sales Price              Ave. Days on Market

2016                       123                        $312,602                              81

2015                       102                        $291,245                              104

Highest Sale = $815,000

Lowest Sale = $80,000

 

Luxury Sales     # of homes sold        Ave. Sales Price              Ave. Days on Market

2016                        11                            $685,594                                84

2015                        10                            $584,240                               118

*source NEOHREX ( Regional MLS )

Commentary:

By looking at these Beachwood home statistics, it is evident that 2016 was a significantly better year than 2015. Both sales and average sales price increased. Low rates and a decent economy kept demand strong.

In addition, the number of Beachwood luxury homes was relatively unchanged but the average sales price and days on market both increased.

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. Beachwood continues to be a very desirable community in which to work and live.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They are specialize in luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Beachwood Ohio Market Report – Year End 2016 is the property of The Schuman Team and may not be duplicated or used without their written consent.©Jan, 2017

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