(The following is specific to one area of Greater Cleveland. If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you. Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis will be done for your community/neighborhood. )

44202 Aurora 44202

INVENTORY REPORT FOR July 30, 2009

Price Range Active&Contingent Pending& Sold Current Inventory

$150,000 - $300,000 99 31 19 months

$300,001 - $500,000 64 26 15 months

$500,001 + 39 4 58 months

....TOTALS........ 202 61

Total Homes for Sale 202

Average Sales/Month 10.2

Months of Inventory 20

This is your tracking report for Aurora. Yes, there are a lot of properties for sale, but things are improving. Improvement has been seen in Chagrin Falls, Solon, Bainbridge, Auburn, Twinsburg, Aurora, and Russell. If you need to know this information for your specific area, for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call. The above numbers may be eye openers for many of you. If you are currently selling your home, you may not be aware of recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. The numbers can change dramatically by location, even within your local community.

If you are looking to purchase a home in the next few months, please give us a call. We are in our show all properties listed by any real estate broker and most for sale by owner homes. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.

If your interest is in homes priced above $500,000, the above chart indicates an inventory of 58 months. If you are ready to negotiate, there are excellent values available in every price range.

For families and individuals involved in a relocation transfer, you're timing is excellent. The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.

YouClevelandRealtor.com website contains information on mortgage rates, lenders, and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

Jim & Joan Norbuta

Realtor
RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.

Also, visit our post, Signs that the Market has Turned: http://www.yourclevelandrealtors.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/

(The following is specific to one area of Greater Cleveland. If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you. Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis will be done for your community/neighborhood. )

44022 CHAGRIN FALLS 44023

INVENTORY REPORT FOR July 30, 2009

Price Range Active&Contingent Pending& Sold Current Inventory

$150,000 - $300,000 185 90 12 months/last month 15

$300,001 - $500,000 178 65 16 months/last month 20

$500,001 + 178 34 31 months/last month 51

....TOTALS........ 541 189

Total Homes for Sale 541

Average Sales/Month 31.5

Months of Inventory 17

This past month reflects tremendous improvement in the sale of homes in CHAGRIN FALLS. The same is likely to be true for Solon, Twinsburg, Aurora, and Russell. If you need to know this information for your specific area, for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call. The above numbers may be eye openers for many of you. If you are currently selling your home, you may not be aware of these recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. The numbers can change dramatically by location, even within your local community.

If you are looking to purchase a home in the next few months, please give us a call. We are in our show all properties listed by any real estate broker and most for sale by owner homes. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.

If your interest is in homes priced above $500,000, the above chart indicates an inventory of 31 months, a dramatic improvement of 48 months just 30 days ago. If you are ready to negotiate, there are still excellent values available in every price range.

For families and individuals involved in a relocation transfer, you're timing is excellant. The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.

YouClevelandRealtor.com website contains information on mortgage rates, lenders,and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

Jim & Joan Norbuta

Realtor

RE/MAX TRADITIONS

RE/MAX RELOCATION OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.

Also, visit our post, Signs that the Market has Turned: http://www.yourclevelandrealtors.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/

Yes, there are a lot of technical indicators that can tell you that our market is taking a turn for the better or a turn for the worse.

The key change, in my estimation, is what the sellers are doing with offers that come across the table.

Buyers and sellers (buyers agents/sellers agents) would normally use the same market facts to arrive at what they determine to be fair market value for a property. Somehow, and in about 90% of the cases, there would be a significant discrepancy in the values reached by buyer and seller.

In today's market, sellers have changed. While still not willing to listen to low ball offers, sellers are now compelled to see the picture from the other side of the table. When they do, transactions have been the result.

That's the way we find it in the suburban Greater Cleveland market.

Good reasons to buy now...low mortgage rates, home prices have dropped, tax credit for 1^st time buyers, more properties available, and MOTIVATED SELLERS.

Now is a great time to contact us...

Jim & Joan Norbuta

Realtor

http://www.yourclevelandrealtors.com

RE/MAX TRADITIONS

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities in Ohio and beyond.

Celebrate Summer at the annual Chagrin Falls Art Walk
Thursday evening, July 9, from 4 to 9 pm
Friday, July 10, from 10 am to 5 pm
in our downtown business district

Chagrin Falls boutiques and galleries will host dozens of guest artists plus live music and entertainment, free raffle drawings, shopping, free refreshments and fun. Lolly the Trolley will be there on Thursday night to transport visitors about the Village and there will be free Horse and Carriage rides on Friday from 12:00 to 5:00 pm.

Scheduled Entertainment:

Thursday
Free Lolly the Trolley rides 5 to 9
John Tula (jazz) at 87 West Wine Bar
Steve Madewell (country/folk) at West End Bistro
Jim Snively (guitarist) at Stepnorth corner
Crusin' Chagrin Car Show from 6 to 9 on N. Franklin St.
Emerald Frequency (Celtic/eclectic) in front of Geiger's Ski & Sport Haus
Rock the House Entertainment - Aaron Lewis, DJ in the bandstand from 5 to 7
Jackson Rohm (country/rock & roll) for Chamber's Concert in Triangle Park at 7
CandleLight Entertainment at KraftMaid Experience
Caricatures by Ron Hill ($5) at the Popcorn Shop
Dawn Bebout - children's photographer at Offspring from 4 to 8 (fee)

Friday
Free Horse & Carriage Rides 12 to 5 at Township Hall
Sole Prerogative (rock) in Bandstand 1 to 5
Caricatures by Ron Hill ($5) at the Popcorn Shop
Howard & Jan Organ Grinders from 1 to 5 at Township Hall
Jim Snively (guitarist) in front of Geiger's Ski & Sport Haus
Swifty the Clown at Offspring from 2 to 4
Silhouette & pastel artist at Imagery (fee)
Emerald Frequency (Celtic/eclectic) at Stepnorth corner
Dawn Bebout - children's photographer at Offspring from 10 to 1 (fee)

Enter to win a free gift certificates and other prizes throughout the two day event at these participating merchants: Chentini Gallery, Chestnut Hill Home, Chuck's Fine Wines, Deborah Nicholl Interiors and Company, Find Me, Fireside Book Shop, Geiger's Ski & Sport Haus, Hedges Designs, Imagery Fine Arts, KraftMaid Experience, Lowe's Audio / Video, Nola True, Offspring Boutique, Polly Brown, Chagrin Falls Popcorn Shop, Re/Max Traditions, Rugtime, Special Gifts, Stash Style, Step-In, The Gallery at Cuffs, The Hidden Closet, The Little Monogram Shop, three.home, Toni in Style, Village Herb Shop, Winds of Change Boutique and Yours Truly Restaurant.

Exhibiting artists will feature paintings, watercolors, oils, acrylics, folk art, pastels, sculpture, jewelry, ceramics, handbag designs, outdoor sculpture, wood carving, illustrations, silhouettes, photography, etchings, cartoon art and more. Featured artists include: Lisa Hannaford, Nancy Marino, Gary Kusner, Shannon Vance, Joyce Teeft, Phil Masturzo, Maryann Wohlwend, Mar Kat Designs, Kristi Lavell, Jan Leach, Aaron Hresko, Linda Fogler, Ellen Schmidt, Barbara Benedict Jones, Kristen VanderPeet, Lauren Mazar, Ron Hill, David Kadas, Robert Sitzwohl, Elaine Kabert, Susan O'Conor, Ann Beringer, Natalya Romanovsky. Mary Ann Boysen, Mary Hobbs, Dale Harsh, Lisa Eastman, Michael Prunty, Michael Nekic, Roger McAndrews, Kim di Lalla, Carol Medhurst, Susan O'Connor, Scott Burr, Gary Lockwood and Laura Centini Westropp.

Jim & Joan Norbuta, Realtor

Click Here for our Website

RE/MAX TRADITIONS

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.

Sometimes you just feel like sitting around and doing nothing...Not this weekend!!! Whether you have lots of activities planned for the Holiday weekend, or just plan some quiet relaxation, here are a couple of things you might want to add to your plans.

We'd love to hear what's going on in your area...

FIREWORKS

BAINBRIDGE TOWNSHIP INDEPENDENCE DAY CELEBRATION
July 5, 2009 - 6:30 PM
Festivities begin at 6:30 P.M. with Food and Entertainment. Fireworks begin at Dusk. RIVER ROAD PARK

JULY 4th CEREMONY

07/04/09 9:30AM - 10:30AM

Chagrin Valley Chamber of Commerce - Triangle Park

FAB 4th CAR SHOW AT THE FALLS

Triangle Park 12 noon - 3 p.m.

Look forward to seeing you this weekend.

Jim & Joan Norbuta

Realtor

Click HERE to visit our website

RE/MAX TRADITIONS

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.