The Cleveland real estate market is steaming hot. It reminds me of the Phoenix Real Estate market in the early 2000's without the super easy lending. Home buyers today have higher FICO scores and usually put more money done on homes. Especially $200k and up we see a lot of home buyers putting 20% down or even paying cash.. This article comes from http://realestate.cleveland.com/ by Michelle Jarboe.
" The Ohio Association of Realtors said the state's housing market experienced its best May since at least 1998, when the trade group started tracking data. Buyers snapped up 15,366 new and previously owned houses and condominiums, the organization said, at an average price of $176,804."
I have had a record month in June in Real Estate for Cleveland. We have 7 homes in escrow from buyers that needed a place to call home. The properties we have in escrow were hard to get, but we got some excellent deals and homes for our clients. We purchased all over Metro Cleveland Hudson, Chagrin Falls, North Olmsted, Broadview Heights, Westlake, and Kamms Corner.
When the housing market is hot you have to move on a home and make decisions a bit quicker than years past, The other nice benefit for home owners is their equity positions are growing nicely this year. You also need to have a Realtor that understands the areas and what homes are worth.
"Price also continued to climb across the state as buyers vied for a limited supply of properties. The average sale price was 5.2 percent higher in May than a year before."
With a $176,804 average price we still have a long way to go in Cleveland. Where are you going to find home prices like Cleveland? Almost no where in the states, especially with all the amenities we have in Cleveland. Where can you get PGA type golf course homes for around $400K? These are in excellent communities and very high standard of living.
" Homes purchased in May typically had been on the market for 27 days - the shortest window since the national Realtors started monitoring listing times six years ago"
If you want to sell your home and relocate there is no better time to do. We can save you money on listing your home and we get it sold! Selling a home is all about price and if it is market is will sell quickly. We have the extensive marketing campaigns that get your home shown.
Whether your a buyer, seller or investor we have the services that can handle all you real estate needs. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul