Twinsburg Real Estate - Home Value Report 3rd Quarter 2010

Twinsburg Real Estate - Home Value Report 3rd Quarter 2010

Before discussing the direction of home values in Twinsburg, we will first give a list of all homes that sold here in September. We will also show a year-to-date comparison between this year and 2009.

1744 Westwood Dr	$65,000
9676 E Idlewood #1F	$81,000
8877 White Oak Dr	$123,500
9898 Patton St	$142,500
9916 Chamberlin Rd	$160,800
1354 Gill Ct	$225,000
11990 WAYWOOD DRIVE	$230,000
9309 Sasha Ct	$279,190
1518 Jennifer Dr	$287,000
3121 Darien Ln	$325,000

Year To Date # of homes sold Ave. Sales Price

Sept. 2010 10 $191,899

Sept. 2009 25 $182,296

YTD 2010 139 $211,185

YTD 2009 161 $194,325

SUMMARY

While total number of sales are down, the average sales price is up from last year. We saw a ton of activity during the first half of the year in Twinsburg, but the third quarter was relatively slow in terms of sales.

When looking at home values in Twinsburg, it is important to understand that real estate is local. National real estate statistics are fine to look at in order to see the big picture of the U.S. market, but they are not helpful when it comes to figuring out one's home value locally.

Based on the above statistics, it is fair to say that home prices have at least stabilized. It is too early to tell if home values are increasing. Some experts believe home values in Twinsburgare going up, while others feel that the fewer number of distressed sales have only stabilized the market, but it is not really increasing.

Determining the value of a specific home is much more difficult than just looking at overall statistics, as every home is unique. If you want to know the value of a specific home in Twinsburg OH, it is best to contact a local real estate expert, someone who knows the inventory inside and out.

Overall, Twinsburg has been very popular lately, having been named the #1 Suburb by Cleveland Magazine in their most recent issue of "Rating The Suburbs". Local buyers and those relocating to the area are finding Twinsburg to be fairly affordable compared to higher-end suburbs located nearby.

Below are other articles of interest pertaining to Twinsburg Real Estate:

Twinsburg Real Estate - Monthly Market Report July 2010

Twinsburg Real Estate - Bi-Annual Market Report 2010

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - First Quarter Home Statistics 2010

Twinsburg Restaurants - Our Favorites

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About The Authors:

This Twinsburg Ohio Real Estate Market Report is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.

The Schumans service the Eastern suburbs of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

For Ohio and Twinsburg OH real estate and homes see Twinsburg real estate

If you are looking to buy or sell a home in Twinsburg or surrounding suburbs, please contact the Schuman Team at 216-346-3235.

SEE ALL TWINSBURG HOMES FOR SALE BY CLICKING BELOW:

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Twinsburg 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. ©October2010