About Geauga County, OH

The United State Navy Memorial is putting the final preps on a new exhibit set to open this weekend that honors the Seabees and Civil Engineer Corps.

Jason, you look great on tv and we all are really proud of you!

Thank you for serving your country!

BAINBRIDGE OHIO MARKETING REPORT - FIRST QUARTER 2009

The first quarter has been rather slow in terms of overall sales in the Bainbridge real estate market.

Specifically, only 9 homes have officially sold in 2009 compared to 18 during the first quarter of 2008. Here is a comparison between 2009 and 2008:

A COMPARISON OF FIRST QUARTER HOMES SALES - BAINBRIDGE OHIO 2009 VS. 2008

	Ave. Sale Price	Ave. Price Sq./Ft	Ave. Market Time
2009 - 9 sold	$305,333	$86.98	124
2008 - 18 sold	$331,988	$110.97	163

SUMMARY

First quarter sales are typically the direct result of buyer activity during the late fall and early winter months. Overall, this period was slow area wide. However, there are 13 homes currently under contract in Bainbridge. Of these 13 homes, 4 would be considered luxury homes, as they are priced over $500,000. This is a good sign of recent activity.

In addition, 26 homes have gone on the market over the last 3 weeks. This may be a sign that sellers are no longer afraid of unfavorable market conditions and have confidence that the spring market will bring buyers.

Conversely, home buyers will have additional homes to choose from, many which are priced very competitively. It is a fantastic time to be a buyer in this market.

Check out Market Reports for other nearby suburbs:

Beachwood Ohio 2009 First Quarter Market Report

Moreland Hills Ohio 2009 First Quarter Market Report

Orange Village Ohio 2009 First Quarter Market Report

Pepper Pike Ohio 2009 First Quarter Market Report

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

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About The Authors:

Dan and Amy Schuman reside in the eastern suburbs of Cleveland. They use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and the Schuman Team's listings sold in less than 60 days.

The Schuman Team specializes in luxury homes. They are founding members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and also members of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. They also work extensively with buyers and sellers who are relocating in or out of the area.

If you are looking to buy or sell a home in Bainbridge,Beachwood, Moreland Hills, Orange, Pepper Pike, Solon, or the surrounding Eastern suburbs of Cleveland, please contact the Schuman Team as they would be happy to show you why people love working with them.

To see all homes currently on the market in the Cleveland Ohio area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

Check out the award-winning website, www.schumanteam.com .

or CLICK HERE to visit the Schuman Team blog and then save it as one of your favorites.

All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009

MONTHLY REAL ESTATE MARKETING REPORT

The Bainbridge real estate market has gotten off to a slow start here in 2009 in terms of actually sales, but has picked up steam over the last 30 days or so.

Specifically, only 3 homes have officially sold in 2009 compared to 13 sales through the first 60 days of 2008. This means that the fall of 2007 was much more active than the fall of 2008. A major factor for this significant drop in sales is the economy.

However, over the last 60 days, 9 homes have gone under contract. This is a good indication of current buyer activity. This is a sign that there are serious buyers in the Bainbridge.

SUMMARY

Here is an unofficial list of all homes that recently went under contract, and a separate list of all homes that have SOLD so far this year in Bainbridge.

RECENTLY UNDER CONTRACT	List Price
18171 Chillcothe	$66,000
16782 Medina St	$70,000
8099 Westhill Dr	$105,900
7049 Woodland	$109,900
18754 Elmwood	$114,000
17606 Eastbrook	$195,000
8850 S Spring Valley Dr	$275,000
9102 Lake In The Woods	$275,000
7560 Trails End	$650,000

SOLDS JAN/FEB 2009	Sale Price
7383 Samuel Lord Dr	$223,000
9505 Mallard	$310,000
7550 Cottonwood Trail	$903,000

WHAT'S NEXT?

Right now, the inventory of homes is stale as very few new homes have come onto the market during the winter months. Buyers have been buying the lower priced bank owned homes. Overall, the serious buyers have seen everything in their price range and have not been overwhelmed enough by any of them to make a serious buying decision. These buyers typically have defined exactly what they want and are just waiting for the right home to come on the market. They are also watching to see if the price of a current listing decreases enough for the home to become more appealing.

The spring market is just around the corner and we anticipate a lot of homes coming onto the market in the next 60 days. Activity should really pick up from April -July as many buyers with school aged children will want to be settled into their new home for the start of the school year in August.

Check out Market Reports for other nearby suburbs:

Beachwood Market Reports

Pepper Pike Market Reports

Solon Market Reports

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If you are looking to buy or sell a home in Bainbridge, Beachwood, Moreland Hills, Orange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.

Dan and Amy Schuman use their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

To see all homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009

Welcome to our January 2009 report on the state of the real estate market for Geauga County. Please feel free to refer to last month's posting to watch for changes.

As a service to all potential buyers and sellers, we would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, we've included a few statistics for your review!

The current trend (as of January, 2009) is an increase in the number of homes for sale. In January of 2008 there were 701 homes on the market, of which 30 sold. In January of 2009, there were 715 homes on the market (an increase in inventory 14 homes from one year to the next), of which 19 sold. In January of 2008, for those homes that did sell, they were on the market an average of 98 days. For those homes that sold in January of 2009, the average days on market were 97, representing a decrease of 1 day from one year to the next (shorter days on market is always a good sign!). Refer to the chart below for a visual representation:

What does this mean if you're thinking of selling and you want to be amongst the SOLDs? It's simple!

Price your home at or below market value

Make sure your home shows beautifully

Choose a realtor (like Barb!) that knows how to market your home to the widest audience possible! If you have all three of these, there is no reason you shouldn't end up with a nice big "SOLD" sign in your yard, but miss any one of them and you'll be sitting around waiting...

If you would like to receive a free copy of a market report, please contact us. We'd be happy to help! If you'd like to learn more about what it takes to sell in a correcting or down market, let us know! Our team specializes in home staging and aggressive marketing. We would love to sit down and talk about your situation any time!

Please feel free to visit any of our websites to learn more!

www.theneoteam.com
www.horsepropertyohio.com
Barb's Howard Hanna Website

Welcome to our December 2008 report on the state of the real estate market for Geauga County. Please feel free to refer to last month's posting to watch for changes.

As a service to all potential buyers and sellers, we would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, we've included a few statistics for your review!

The current trend (as of December, 2008) is a decrease in the number of homes for sale. In December of 2007 there were 686 homes on the market, of which 36 sold. In December of 2008, there were 741 homes on the market (an increase in inventory 55 homes from one year to the next), of which 52 sold. In December of 2007, for those homes that did sell, they were on the market an average of 111 days. For those homes that sold in December of 2008, the average days on market were 105, representing a decrease of 6 days from one year to the next (shorter days on market is always a good sign!). Refer to the chart below for a visual representation:

What does this mean if you're thinking of selling and you want to be amongst the SOLDs? It's simple!

Price your home at or below market value

Make sure your home shows beautifully

Choose a realtor (like Barb!) that knows how to market your home to the widest audience possible! If you have all three of these, there is no reason you shouldn't end up with a nice big "SOLD" sign in your yard, but miss any one of them and you'll be sitting around waiting...

If you would like to receive a free copy of a market report, please contact us. We'd be happy to help! If you'd like to learn more about what it takes to sell in a correcting or down market, let us know! Our team specializes in home staging and aggressive marketing. We would love to sit down and talk about your situation any time!

Please feel free to visit any of our websites to learn more!

www.theneoteam.com
www.horsepropertyohio.com
Barb's Howard Hanna Website