Mayfield Heights Ohio Year End Market Report 2010

Mayfield Heights Ohio Market Report 2010

 

 

Here is our official 2010 year in review for Mayfield Heights,  complete with a comparison to 2009. We will provide commentary after giving statistics on the Mayfield Heights housing market. 

 

Year      # of Homes Sold        Ave. Sales Price                High                  Low

2010                    158                      $129,480               $390,000             $21,000

2009                    191                      $131,214               $375,000             $24,900

 

Here is a break down of all 2010 sales by specific price bands:

Selling Price Range	Quantity	Average DOM
$20,000 thru $29,999	1	5
$30,000 thru $39,999	5	27
$40,000 thru $49,999	2	42
$50,000 thru $59,999	5	72
$60,000 thru $69,999	12	152
$70,000 thru $79,999	5	82
$80,000 thru $89,999	11	88
$90,000 thru $99,999	11	139
$100,000 thru $119,999	17	107
$120,000 thru $139,999	29	96
$140,000 thru $159,999	28	98
$160,000 thru $179,999	12	100
$180,000 thru $199,999	5	120
$200,000 thru $249,999	6	74
$250,000 thru $299,999	6	47
$300,000 thru $349,999	2	212
$350,000 thru $399,999	1	24
	158	99

Commentary -  Both sales and average sales price were down in 2010 compared to the previous year. The $100,000-$150,000 price point was the most popular, most likely a result of the home buyer tax credit in the spring.

Moving forward, Mayfield Heights is part of the excellent rated Mayfield School District, and remains a desirable place to live. In addition, it offers great location, with easy access to the highway, and is also a manageable drive to downtown. We anticipate sales numbers this year to be about the same, but with a higher average sales price, as the number of lower priced distressed properties will likely decrease.

 

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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 Mayfield Heights Oh real estate and homes see Mayfield Heights 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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Mayfield Heights Ohio Year End Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011