Pepper Pike Real Estate – Year In Review 2016

Solon Sold homes

 

Here is our official real estate report for Pepper Pike for 2016 complete with a comparison to 2015.

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

2016                        116                        $425,281                             139

2015                        110                        $421,096                             128

Highest Sale = $1,045,000

Lowest Sale = $150,000

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

2016                        32                            $661,389                               120

2015                        32                            $655,505                               123

*source NEOHREX ( Regional MLS )

Commentary:

Pepper Pike saw a slight increase in the number of sales and average sales price this past year. The luxury market was almost unchanged.

Overall, the last few years have been good for Pepper Pike real estate as low rates and a decent economy have given buyers confidence to make a move.

We are seeing a lot of sellers downsizing and young families moving into the area. Many plan to do major renovations.

Pepper Pike is attractive to home buyers because of the proximity to the highway, shopping, and distinctive homes that sit on picturesque lots.

 

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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.

Pepper Pike Real Estate – Year In Review 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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