Twinsburg OH Home Value Report - October 2010

Twinsburg OH Home Value Report - October 2010

Below is a list of all homes that sold in Twinsburg last month. We will provide a comparison to last October and also give year to date analysis as well. The commentary section will provide insight on the direction of home values in Twinsburg.

9197 Darrow Road	$75,093
1909 Hillsdale Dr	$90,000
9790 E Idlewood Dr	$128,116
9442 Concord Cir	$144,000
9189 Darrow Rd	$147,900
1737 Glenwood Dr	$148,000
9411 Hyde Park Dr	$150,000
9493 Lawnfield Dr	$153,500
9264 Gettysburg Dr	$155,000
2356 Sandalwood Dr	$232,000
3123 Saint Mikala Ct	$279,190
9194 Liberty	$309,000

# of Homes sold Ave. Sales Price

October 2010 12 $167,650

October 2009 16 $221,681

YTD 2010 151 $207,725

YTD 2009 177 $196,798

SUMMARY

Homes sales and the average sales price were down last month compared to last October. While we don't yet see a trend, last month did see quite a few sales of lower priced homes. Overall, the average price of a home in Twinsburg is higher this year than in 2009.

When looking at home values in Twinsburg, the above statistics cannot be used to make a blanket statement on the overall market. We cannot simply say that based on the average price being higher than last year, Twinsburg is seeing an increase of 5%+ in values.

There are certainly neighborhoods and price points that are deemed more desireable by local home buyers, and these areas tend to hold their value better than others. However, the higher average home price could very well be a result of less lower priced bank owned homes being sold this year.

If you are looking to buy or sell a home in Twinsburg, the best way to find out what your home is worth is to enlist the services of a local real estate agent. There is no substitute for the market knowledge that an agent can give you.

Moving forward, we are heading into the holiday season, and sales typically do taper off at this point, so we don't anticipate seeing the market make any significant moves until the spring.

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

Twinsburg Real Estate - Third Quarter Home Value Report 2010

Twinsburg Real Estate - Monthly Market Report August 2010

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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 Twinsburg Oh real estate and homes see Cleveland 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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Twinsburg OH Home Value Report - October 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November, 2010