Shaker Heights, OH

Shaker Heights Oh Year End Market Report 2010

 

 

 

Here is our official 2010 year in review for Shaker Heights Oh real estate, complete with a comparison to 2009. We will provide commentary after giving statistics on the Shaker Heights housing market.

Year      # of Homes Sold        Ave. Sales Price              High                  Low

2010                      337                   $240,913                $1,350,000          $9000

2009                      357                   $206,096                $1,500,000          $4000

 

Here are all 2010 home sales in Shaker Heights broken down by price points:

 

Source: NEOHREX

Commentary

Shaker Heights real estate seems to have stabilized in 2010. While there were a few less sales this past year, the average home price was higher. We attribute this to less distressed home sales.

In terms of the Shaker Heights luxury home market ( homes priced over $500,000 ) there were 37 luxury home sales in 2010 compared to 22 in 2009.

Based on the statistics, we feel that the bottom of the market has passed us by and anticipate flat sales for the next few years. While the national economy is seeing some positive signs, things are still slow locally here in Cleveland, so major home appreciation is not going to be seen for a while. However, as depreciation ends, buyers and sellers should both feel more secure about the real estate market and will be able to move forward with their buying and selling goals. The fact that the upper-end market has picked up, not only here in Shaker Heights but in other nearby suburbs like Pepper Pike and Moreland Hills, is a positive sign.

 

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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 Shaker Heights Oh real estate and homes see Shaker Heights OH real estate

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

 

 

 

LET'S CONNECT:

 

Shaker Heights Oh Year End Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©January, 2011

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Experiment...click...enjoy...

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Experiment...click...enjoy...