Dawn Maloney, CDRS Elite

Real Estate Review of Tallmadge

Despite the national trends in the housing marketing, the community of Tallmadge is continuing to show a stable market.

Property values in Tallmadge increased in 2007, after a decrease in 2006. The average sales price had been showing steady increases in the early 00's. In 2003, the average sales price took a slight dip and regained its momentum in 2004. It declined in 2005 and 2006 and has started to rebound in 2007. The average sale price for 2000 was $137,763, increasing to 143,713 in 2001 and $158,434 in 2002. A decrease to $154,463 was noted in 2003. The market then rebounded in 2004 with an average sales price of $168,576. The market then decreased to $167,077 in 2005, and $164,710 in 2006. In 2007, the market rebounded to $166,185 although it has not reached its high that had previously noted in 2004. The quarterly data shows that average sales prices in Hudson tend to spike during the third quarter of each year with a significant dip in the fourth quarter.

The total number of home sales decreased in 2007 after an increase in 2006. There were 133 sales closed in 2007, as compared to 167 sales closed in 2006, 159 in 2005, 140 in 2004 and 155 in 2003. The average period of time it took to close escrow increased to 124 days, from 117 days in 2006.

These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.

Real Estate Review of Silver Lake

Despite the national trends in the housing marketing, the community of Silver Lake is continuing to show a stable market.

Property values in Silver Lake are more volatile than nearby communities since it is a much smaller community and a single home sale can change the averages significantly. The price fluctuated more during the years based on the mix of homes being sold versus the overall market conditions. The average sales price for 2007 was $200,134 and has been above $190,000 since 2000 with the exception of 2001. The average sales price peaked in 2005 at $217,869. In 2000, the average sales price was $190,200. It dipped to $169,239 in 2001 and re-bounded to $200,244 in 2002. It then increased to $214,892 in 2003, and dropped to $210,422 in 2004. It then increased to $217,869 in 2005, dropped to $197,442 in 2006 and increased to $200,134 in 2007.

The total number of home sales dipped in 2007 after an increase in 2006 although the overall numbers have remained constant since 2000. There were 34 sales closed in 2007, as compared to 40 sales closed in 2006, 36 in 2005, 39 in 2004 and 38 in 2003. The average period of time it took to close escrow decreased to 115 days, from 143 days in 2006. These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.

Real Estate Review of Cuyahoga Falls

Cuyahoga Falls is being impacted slightly by the slower housing market.

Property values in Cuyahoga Falls declined slightly in 2007, with the average sales price for the year dropping $4,000 since 2006. The Market had been steadily increasing since 2000 until this year. Even with the decrease in 2007, the average sales price has increased $9,000 since 2000. The average sale price for 2000 was 104,243, increasing to $107,880 in 2001 and $110,985 in 2002. A larger increase occurred in 2003 when the average sales price jumped to $115,131.

The market then remained flat in 2004 with an average sales price of $115,782. The market then continued to increase to 117,667 in 2005, remaining flat at $117,335 in 2006 and decreasing to $113,404 in 2007. The quarterly data shows that average sales prices in Cuyahoga Falls tend to spike during the second quarter of each year.

The total number of home sales continued to decrease in 2007. There were 459 sales closed in 2007, as compared to 488 sales closed in 2006, 563 in 2005, 575 in 2004 and 557 in 2003. The average period of time it took to close escrow increased to 115 days, from 94 days in 2006.

These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.

Real Estate Review of Stow

Despite the national trends in the housing marketing, the community of Stow is continuing to show a stable market for home prices although it may take slightly longer to sell.

Property values in Stow slightly increased in 2007, with the average sales price for the year increasing from $181,750 in 2006 to $182,525 in 2007. The Stow market showed an increase of average sales price between 2000 and 2005 with the exception of 2002 when the market remained constant. The average sales price slipped in 2006 although it never dropped below the 2004 average sales price and has continued to increase in 2007 despite National Market conditions.

The average sales price for 2000 was $163,302, increasing to $169,166 in 2001 and remaining constant at $168,870 in 2002. A larger increase occurred in 2003 when the average sales price jumped to $176,209. The market then remained relatively flat in 2004 with an average sales price of $177,806. The market then took another significant jump to $184,536 in 2005. The market then dipped back to $181,750 in 2006 which was still much higher than 2004. The average sales price continued to increase to $182,525 in 2007. The quarterly data shows that average sales prices in Stow tend to drop during the winter months each year.

The total number of home sales remained constant in 2007 after a decrease in 2006. There were 339 sales closed in 2007, as compared to 336 sales closed in 2006, 385 in 2005, 359 in 2004 and 382 in 2003. The average period of time it took to close escrow increased to 117 days, from 98 days in 2006.

These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.

Real Estate Review of Hudson

Despite the national trends in the housing marketing, the community of Hudson is continuing to show a strong, stable price market although it may take slightly longer to sell.

Property values in Hudson remained steady in 2007, with the average sales price for the year staying within $1,000 of 2006 after significantly increasing for the previous 2 years. This represents a constant increase since 2000 with the exception of 2004 when the average sale price remained constant. The average sales price for 2000 was $292,439, increasing to $296,288 in 2001 and $299,159 in 2002. A larger increase occurred in 2003 when the average sales price jumped to $322,387. The market then remained flat in 2004 with an average sales price of $322,074. The market then continued to increase to $334,439 in 2005, $342,909 in 2006 and finally to $343,505 in 2007. The quarterly data shows that average sales prices in Hudson tend to spike during the third quarter of each year with a significant dip in the fourth quarter.

The average sale price for the 2007 was $343,505.

The total number of home sales remained constant in 2007 after a decrease in 2006. There were 319 sales closed in 2007, as compared to 310 sales closed in 2006, 387 in 2005, 362 in 2004 and 331 in 2003. The average period of time it took to close escrow increased to 128 days, from 97 days in 2006.

These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.