Bainbridge Real Estate - Year End Market Summary 2010

Bainbridge Real Estate - Year End Market Summary 2010

 

 

Here is our official 2010 year in review for Bainbridge Homes and Bainbridge Real Estate complete with a comparison to 2009. We will provide commentary after giving comprehensive statistics on the Bainbridge housing market. 

 

Sales     # of Homes Sold        Ave. Sales Price                High                  Low

2010                      122                      $310,412               $970,000            $8755

2009                      105                      $321,268               $1,000,000         $40,000 

 

Here is a breakdown of 2010 sales by price bands:

 

Selling Price Range  Quantity      Average DOM   $19,999 or under 2 112   $50,000 thru $59,999 1 55   $80,000 thru $89,999 3 43   $90,000 thru $99,999 3 418   $100,000 thru $119,999 9 181   $120,000 thru $139,999 9 174   $140,000 thru $159,999 4 80   $160,000 thru $179,999 4 190   $180,000 thru $199,999 4 73   $200,000 thru $249,999 17 195   $250,000 thru $299,999 17 133   $300,000 thru $349,999 11 158   $350,000 thru $399,999 8 182   $400,000 thru $449,999 4 236   $450,000 thru $499,999 5 110   $500,000 thru $549,999 4 116   $550,000 thru $599,999 5 125   $600,000 thru $649,999 2 136   $650,000 thru $699,999 2 145   $700,000 thru $749,999 3 296   $750,000 thru $799,999 2 323   $900,000 thru $949,999 2 301   $950,000 thru $999,999 1 94     122 167

Source: NEOHREX

Commentary:

Unlike most surrounding areas, Bainbridge actually saw an increase in the number of homes in 2010 compared with 2009. The average sales price was down, however.

The breakdown of price bands shows the most activity in the $200,000-$300,000 price point. This makes sense as the pool of buyers tends to shrink as the price increases.

It is interesting to note that there were 21 luxury home sales in Bainbridge last year, up from 18 luxury home sales in 2009. The subdivisions of Canyon Lakes, Canyon Woods, and Laurel Springs were very popular this past year.

Moving forward to 2011, the interest rates are still near their historic lows, and the economy is inching ever so slowly upwards, so we anticipate seeing very similar numbers to last year, without any major shift in either direction.

 

 

 

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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 Bainbridge Oh real estate and homes see  Bainbridge Oh Real Estate

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

 

 

 

 

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Bainbridge Real Estate - Year End Market Summary 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011