Bainbridge Township, OH

Bainbridge Real Estate - Year End Market Summary 2010

 

 

Here is our official 2010 year in review for Bainbridge Homes and Bainbridge Real Estate complete with a comparison to 2009. We will provide commentary after giving comprehensive statistics on the Bainbridge housing market. 

 

Sales     # of Homes Sold        Ave. Sales Price                High                  Low

2010                      122                      $310,412               $970,000            $8755

2009                      105                      $321,268               $1,000,000         $40,000 

 

Here is a breakdown of 2010 sales by price bands:

 

Selling Price Range  Quantity      Average DOM   $19,999 or under 2 112   $50,000 thru $59,999 1 55   $80,000 thru $89,999 3 43   $90,000 thru $99,999 3 418   $100,000 thru $119,999 9 181   $120,000 thru $139,999 9 174   $140,000 thru $159,999 4 80   $160,000 thru $179,999 4 190   $180,000 thru $199,999 4 73   $200,000 thru $249,999 17 195   $250,000 thru $299,999 17 133   $300,000 thru $349,999 11 158   $350,000 thru $399,999 8 182   $400,000 thru $449,999 4 236   $450,000 thru $499,999 5 110   $500,000 thru $549,999 4 116   $550,000 thru $599,999 5 125   $600,000 thru $649,999 2 136   $650,000 thru $699,999 2 145   $700,000 thru $749,999 3 296   $750,000 thru $799,999 2 323   $900,000 thru $949,999 2 301   $950,000 thru $999,999 1 94     122 167

Source: NEOHREX

Commentary:

Unlike most surrounding areas, Bainbridge actually saw an increase in the number of homes in 2010 compared with 2009. The average sales price was down, however.

The breakdown of price bands shows the most activity in the $200,000-$300,000 price point. This makes sense as the pool of buyers tends to shrink as the price increases.

It is interesting to note that there were 21 luxury home sales in Bainbridge last year, up from 18 luxury home sales in 2009. The subdivisions of Canyon Lakes, Canyon Woods, and Laurel Springs were very popular this past year.

Moving forward to 2011, the interest rates are still near their historic lows, and the economy is inching ever so slowly upwards, so we anticipate seeing very similar numbers to last year, without any major shift in either direction.

 

 

 

View Bainbridge in a larger map

 

 

--------------------------------------------------------------------------------------------------------------------

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 Bainbridge Oh real estate and homes see  Bainbridge Oh Real Estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

 

 

 

 

 LET'S CONNECT:

 

Bainbridge Real Estate - Year End Market Summary 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011

 

Bainbridge Ohio Home Values Report - November 2010

Before discussing Bainbridge Ohio home values, we will go over sales for November of 2010. Here is a list of homes that sold in Bainbridge in November 2010 with a map below indicating location. The plus sign on the map indicates multiple sales in that specific area.

8834 S Spring Valley Park Dr	$80,000
17613 Walnut	$135,500
8022 S Riverside Dr	$245,000
8639 Apple Hill Rd	$272,500
8754 Holly Springs Trl	$278,000
16611 Mohican Trl	$292,500
17408 Beech Grove	$470,000
16420 Crown Pointe	$632,000
8360 Woodberry Blvd	$685,000

All Sales # of homes sold Ave. Sales Price

November 2010 9 $343,389

November 2009 11 $253,591

YTD 2010 113 $308,857

YTD 2009 95 $319,188

*Source NEOHREX

SUMMARY

As you can see from the figures above, sales are better than last year, although the average price of a home in Bainbridge is lower. While many surrounding areas, such as Solon and Twinsburg, have seen less sales and a higher average sales price, the statistics in Bainbridge are the exact opposite.

The fact that there are more sales is a always a good thing, as it indicates a renewed sense of confidence for home buyers. The drop in average home price is fairly small, so we don't see anything major to be alarmed about here.

When looking at home values in Bainbridge the statistics above should be used in conjunction with other figures. Just because the average price of a home is lower this year does not mean that every home has lost value. Every neighborhood and for that matter, every home is unique. Therefore, the best way to determine value is to compare a home to similar homes that have recently sold. A local real estate agent can assist with this.

Please look for our popular end of the year report next month. We will make a thorough assessment of the Bainbridge real estate market and give our thoughts on what to expect in 2011.

--------------------------------------------------------------------------------------------------------------------

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 Bainbridge Oh real estate and homes see Bainbridge Oh Real Estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

LET'S CONNECT:

Bainbridge Ohio Home Values Report - Noevember 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©December, 2010

Bainbridge Ohio Home Values - October 2010

Before discussing Bainbridge Ohio home values, we will go over last month's sales numbers and also give a year to date analysis.

Here is a list of homes that sold in Bainbridge in October 2010.

18283 Chillicothe Rd	$85,000
8558 Tanglewood Trl	$138,000
17614 Millbrook	$175,000
8759 Holly Springs Trl	$220,000
7676 Cope Dr	$274,000
8825 E Pilgrim Dr	$275,000
2-S/L Edwards Landing #2	$300,000
8125 Knolls Way	$310,000
8374 Bainbrook Dr	$350,000
17197 East View Dr	$475,000

All Sales # of homes sold Ave. Sales Price

October 2010 10 $260,200

October 2009 9 $376,834

YTD 2010 103 $306,556

YTD 2009 84 $327,778

SUMMARY

As you can see from the figures above, sales are better than last year, although the average price of a home in Bainbridge is lower. While most surrounding areas, such as Solon and Twinsburg, have seen a higher average sales price and less sales, Bainbridge has been just the opposite, which is neither good nor bad.

The fact that there are more sales is a good thing, and rates being at or near their historic lows certainly has helped. The fact that the average sales price is lower this year compared to 2009 could be due to more lower priced homes selling and not as many luxury homes selling in Bainbridge, and not necessarily a drop in home values.

When looking at home values in Bainbridge the statistics above should not be used to make a blanket statement on the overall market. Just because the average sales price is down about 6.5% compared to last year does not mean all Bainbridge homes have lost value. There are several other factors that come into play here.

Certain neighborhoods and price ranges are going to be deemed by buyers as more desirable and will tend to hold their value better than other areas. Location and amenities will also make a difference in the value of a home. If you are looking to buy or sell a home in Bainbridge, the best way to quickly find out what your home is worth is to click on the box below and you can sign up for a market report for your specific area.

We also recommend enlisting the services of a local real estate agent at some point during the process. An agent who knows the market and has seen the inventory will be able to help you determine the value of your Bainbridge home.

--------------------------------------------------------------------------------------------------------------------

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 Bainbridge Oh real estate and homes see Bainbridge Oh Real Estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

LET'S CONNECT:

Bainbridge Ohio Home Values - October 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November, 2010

Bainbridge Real Estate - Home Value Report Third Quarter 2010

Before we discuss the state of home values here in Bainbridge, we will first list all the homes that sold last month and make a comparison between the third quarter this year and 2009.

17644 N Hampton Ct	$106,000
8605 Tanglewood Trl	$128,000
8745 E Craig Dr	$195,000
17115 Woodmere Dr	$201,000
18030 Haskins Rd	$247,000
9590 Stafford	$342,000
17291 Red Fox Trl	$510,000
7940 Cobblestone Ln	$513,500
7570 Trails End	$679,000

All Sales # of homes sold Ave. Sales Price

Third Quarter 2010 35 $341,134

Third Quarter 2009 35 $265,886

YTD 2010 93 $311,541

YTD 2009 75 $321,892

SUMMARY

Overall, sales numbers for September and the third quarter were the same as those from 2009. The main difference is that average sales price was higher during the third quarter this year than last. We have seen more sales this year, year-to-date, with the average sales price coming in just under what it was at the same time last year.

In terms of home values in Bainbridge, it looks like the worst may be behind us. If we take away a few very low priced distressed sales, the average sales price is pretty much unchanged since last year. While we cannot say that the market is appreciating, the statistics certainly seem to support a stabalization of prices. In addition, we have seen more luxury home sales, those over $500,000, this year than last.

Home buyers seem to have a little more confidence this year and historically low interest rates certainly haven't hurt. We also believe that in some areas, such as Bainbridge, sellers are being a little more realistic on their home's value. Sellers who are still not in tune with the market simply won't sell.

When all is said and done, we believe year end statistics will be better this year than in 2009 both in terms of number of sales and average sales price. It is important to note that while these statistics are helpful in getting a general overview, nothing replaces the knowledge of a local real estate agent. If you are looking to get the value of your Bainbridge home or one that you are looking to buy, a local agent is a great resource as they often have information not available anywhere else.

***************************************************************************************

About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.The Schumans are experts in the Cleveland Ohio real estate market and specialize in luxury homes, home staging, and working with buyers relocating to Cleveland.

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

VIEW ALL BAINBRIDGE HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Bainbridge Real Estate - Home Value Report Third Quarter 2010 is is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October, 2010

Bainbridge Ohio Luxury Homes For Sale from $700,000.

As a Accredited Buyer's Representative (ABR), a Certified Luxury Home Marketing Specialist (CLHMS) and a REALTOR with strong negotiating experience, I would be happy to assist you with your next luxury home purchase or sale in the Bainbridge Ohio luxury real estate marketplace.

There are currently (as of 2/20/2010) 19 luxury homes for sale in Bainbridge Ohio from $700,000.

Luxury Homes from $700,000 in Bainbridge Ohio

Happy searching!

View all the homes for sale in Bainbridge Ohio at Olsen Ziegler Realty

A $marter Way to buy and sell your Bainbridge Ohio Luxury Home