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Broadview Heights, OH

Broadview Heights Ohio Homes For Sale up to $250,000

Chris Olsen Broker Owner Cleveland Ohio Real Estate: Real Estate Agent in Cleveland, OH

Broadview Heights Ohio Homes For Sale up to $250,000.

As a Accredited Buyer's Representative (ABR) and a REALTOR with strong negotiating experience, I would be happy to assist you with your next home purchase or sale in the Broadview Heights Ohio real estate marketplace.

View the February 2010 Broadview Heights Real Estate Market Report

Various Broadview Heights Neighborhood Real Estate Market Reports:

View a few of my favorite Broadview Heights local businesses:

Here are currently (as of 2/5/2010) 126 homes for sale in Broadview Heights Ohio up to $250,000.

Homes up to $250,000 in Broadview Heights Ohio

Happy searching!

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

A $marter Way to buy and sell your Broadview Heights Ohio Home

Broadview Heights Ohio Real Estate Market Conditions Report - February 2010

Chris Olsen Broker Owner Cleveland Ohio Real Estate: Real Estate Agent in Cleveland, OH

Here are the February 2010 real estate market statistics for Broadview Heights, Ohio in Northeast Ohio.

Absorption Rates and Months Housing Supply

These two terms are one piece of the puzzle to help real estate agents, appraisers, home sellers and buyers alike make sense out of the real estate market.

This is a little-known, but effective tool, if used in proper context, to help a home seller or buyer understand the market conditions for the home they wish to sell or buy.

The easiest way to define these two terms is with an example:

Absorption Rates (AR)- The rate at which homes are selling (ie. absorbed), over a specific time period, typically 12 months. This is beneficial in determining supply and demand trends for the local market.

Months Housing Supply (MHS) - How long it will take, in number of months, for all the current homes for sale to be sold.

Formulas:

Monthly Absorption Rate = # of homes sold in the past twelve months / 12 Months.

Months Housing Supply = # of currently active homes for sale / Monthly Absorption Rate

Reference Guideline:

# Months to Sell Type of Market

1-4 Sellers

5-6 Balanced

7+ Buyers

Note: Six (6) months of inventory is considered a balanced market.

As is true with everything statistical, one has to really know when to apply this tool, under what circumstances is it relevant, and what are the constraints, as with everything in real estate, no individual property fits neatly into a box (no pun intended) or equation.

Here are a few examples of a few constraints:

  • Seasonal fluctuations - If more homes sell in the spring and summer months, what should the sampling period be?
  • Expired Listings - How should listings that have expired and been re-listed be treated?
  • Selecting Active and Sold Homes - What homes should be selected? What criteria should be used?
  • Selecting the AR Time Period - Is 3 months enough? 6? 12?
  • Is there a negative or positive trend underway? How do you compensate for the trend?
  • Since these are median #s, how does my home relate?
  • What can I do to make my home defy the median?
  • Do watershed events (say...the October 2008 Economic/Credit/Housing meltdown) affect: time periods? the statistics themselves, the subset of homes selected, etc.?
  • Is new construction affecting the supply or demand of nearby properties?

A question that sellers typically raise after reviewing this information:

Does this mean my home will take 18-31 months (Median MHS) to sell? While there is no easy answer here, the answer is: It depends. Many factors go into how quickly or long a home will sell. See my post titled "Your home is worth whatever a buyer is willing to pay for it" which talks about the many factors to consider when selling a home. We sell homes that defy the median, and are at the low end of the statistics when sellers listen to our advice and adopt our home preparation, staging and pricing considerations. While nothing is guaranteed, it's all about maximizing your opportunities relative to your competition and constraints.

Using a concrete example below, taken from the Northeast Ohio MLS, this report was run for the City of Broadview Heights, all single-family homes, so to see what is happening in the community as a whole:

Broadview Heights Ohio Real Estate Market Report February 2010

Source: NEOHREX. Information deemed reliable but is not guaranteed.

A couple of observations from looking at the above table:

  • The MHS is much higher than a balanced market, so the current market (and true as well over the past year) favors buyers. Please refer to the above reference guideline describing what the current MHS means. In short, the market remains bloated with inventory and it's a strong buyer's market.
  • Sales are down in the current quarter, which should be expected as the winter season is typically the slowest time of the year to sell a home. That said, with the first time home buyer tax credit that expired on 11/30/09, the anticipation for greater sales was expected. The median sales price is down from the prior year.

Note: This is an example at a community level. The selection criteria would be customized to be relevant for a given property so as to make the data more meaningful.

Note: As of 4/1/09, Fannie Mae is requiring appraisers to compile the information you see above to be used as a part of a Market Conditions Addendum for appraisals.

Olsen Ziegler Realty -- A $marter Way to buy and sell your Broadview Heights, Ohio Home

All single-family homes currently for sale in Broadview Heights Ohio

Assumption Academy Broadview Heights Ohio 20th Annual Night at The Races

Barb Szabo  E-pro Realtor Cleveland Ohio Homes: Real Estate Agent in Cleveland, OH

Assumption Academy Broadview Heights Ohio 20th Annual Night at The Races

Mark your calendars for Saturday, Feb. 6th, 2010 for the 20th annual "Night at the Races" fundraiser at Assumption Academy in Broadview Heights Ohio

Assumption Family Center

9183 Broadview Rd.

My husband, friends, and I have enjoyed Assumption's Night at The Races for many years. Sometimes we win, sometimes we lose, but we always have FUN!

horse

Doors Open 5:30 PM

Dinner 6:30 PM

Post Time 7:30 PM

(Adults only)

***Catered dinner by Augie's***

***10 horse races***

***raffle prizes and silent auction***

***side board***

Trophy to Winning Horse Owner

Tickets are $25.00 per person

For more Information call Suzanne Knotek (330) 659-7322

My Baby Girl Erin Szabo Sings I Dreamed a Dream From Les Miserables!

Barb Szabo  E-pro Realtor Cleveland Ohio Homes: Real Estate Agent in Cleveland, OH

 

So here's my sweet Erin (15) singing her heart out at her show choir's performance called, "Night on Broadway".  I obviously need to work on my video skills but this was my very first one and I was nervous that I would mess it up somehow. Just before she came on, I turned on my camera and it turned off. It did this a couple of times so I thought I was sunk, but, by some miracle, I tried one more time and it turned on and stayed on. Whew!!!

Broadview Heights Ohio Upcoming Events!

Barb Szabo  E-pro Realtor Cleveland Ohio Homes: Real Estate Agent in Cleveland, OH

I love living in Broadview Heights because there's always something fun going on here. Just check out the upcoming events to get a taste of things to come. With frigid temperatures, 2 feet of snow on the ground, and a snowstorm on the way, it's hard to imagine the June ice cream social but it does give us something to dream about! And don't forget Bosse's Best Ice Cream as the kids, coaches, and umps once again fill the baseball diamonds for America's favorite past time.

Enjoy!

Broadview Heights Ohio--the Fields Broadview Heights Ohio--the Fields Pavilion

Broadview Heights Ohio--the Fields Broadview Heights Ohio--Handel's ice cream

To be listed below, local non-profit groups may contact the webmaster (cityhall@broadview-heights.org). Events should be held in the Broadview Heights/Brecksville/North Royalton areas and be open to the public. Submissions should contain a date, time, location, and contact information.

Thurs., 1/28/10 5:30-8:30PM

TASTE OF BROADVIEW HEIGHTS (Al Koran Shriners on Edgerton) - sponsored by the Broadview Heights Community Foundation and the Broadview Heights Chamber of Commerce to raise funds to improve the quality of life in Broadview Heights. Tickets are $25. Call 440/237-3881. Information: www.bvhcommunityfoundation.org

Fri., 2/13/10

6:30PM cocktails

7:30PM dinner

REVERSE RAFFLE (Carrie Cerino's Ristorante, 8922 Ridge Road) - Sponsored by Broadview Heights Lions Club. Grand prize $2500. Prime rib dinner; open bar; music; dancing. Donation: $65/single; $105/couple. For information and/or tickets, contact Joseph Hart at 440/666-2044 or provincialbuilders@cox.net.

Fri. & Sat. 2/26/10 thru 3/13/10 8PM

Sun., 3/07/10 3PM

"DON'T DRESS FOR DINNER" (Cultural Arts Building, 9543 Broadview Road, next to Police Department) - a comedy (with adult content) presented by the Broadview Heights Spotlights Community Theater. Annual COFFEE HOUSE production. Information: www.broadview-heights-spotlights.org

Fri. , 3/5/10 6:00PM

TEXAS HOLD-EM TOURNAMENT (Sleepy Hollow Golf Club - 9445 Brecksville Rd.): Proceeds benefit North Royalton Education Foundation. $75 per ticket; 1 re-buy 1st hour $25; 1 add-on 2nd hour $20. Sideboards, raffles, food and beverages. Prize money $5,000 (assumes minimum of 135 entries; otherwise prize money will equal 50% of entry total). 21 & over. Info: nredholdem@gmail.com or call 440/570-2446.

Fri. & Sat. 5/07/10 thru 5/22/10

Sun., 5/16/10 3PM

"ON GOLDEN POND" (Cultural Arts Building, 9543 Broadview Road, next to Police Department) - presented by the Broadview Heights Spotlights Community Theater. Information: www.broadview-heights-spotlights.org (Fans of the 1981 movie starring Henry Fonda and Katherine Hepburn will enjoy the Spotlights' intimate production.)

Fri., 6/12/10 thru Sat., 6/13/10

ROUTE 82 "RELAY FOR LIFE" (Pat Catan Stadium, Strongsville) - An American Cancer Society event sponsored by Brecksville, Broadview Heights, North Royalton, and Strongsville. Information: www.relayforlife.org/route82

Mon., 6/14/10 - 7:30PM

FREE SUMMER BAND CONCERT AND ICE CREAM SOCIAL (Broadview Center, 9543 Broadview Road) - Hosted by the City of Broadview Heights. Featuring the Brecksville-Broadview Heights Community Band. Information: 440/526-4357.

Thurs., Fri., Sat., Sun. - 7/15/10 Times to be announced

"THE VERY PERSISTENT GAPPERS OF FRIP" YOUTH MUSICAL (Cultural Arts Building, 9543 Broaadview Road, next to Police Department) - presented by the Broadview Heights Spotlights Community Theater. Information: www.broadview-heights-spotlights.org