Barb Szabo's Blog

Parma Ohio First Quarter Market Report 2009

Below you will find a comparison of closed sales between first qarter 2008 and first quarter 2009.  All information is obtained from NEOHREX and is deemed reliable but not guaranteed.

 

 

    JAN'08 FEB'08 MAR'08 JAN'09 FEB'09 MAR'09
PARMA              
  # CLOSED 37 54 55 40 33 38
  AVG. PRICE $97,065 $98,434 $93,778 $81,770 $94,905 $81,284
  AVG. SQFT. 1308 1290 1296 1389 1352 1258
  AVG. PRICE PER SQFT $74.34 $77.98 $74.12 $61.53 $70.26 $62.69
  % TO LIST PRICE 95.16% 95.57% 95.51% 93.79% 96.46% 93.85%
  AVG. MARKET TIME 144 132 128 97 107 129

 

 

If you would like to buy or sell a home in Parma Ohio or in the surrounding communities, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex and is deemed reliable but not guaranteed.

facebookgooglemeTwitterYelpLinkedInyahoo meoutside blog

 

If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex and is deemed reliable but not guaranteed.

0 comments • Barb Szabo E-pro Realtor Cleveland Ohio Homes • April 01 2009 10:31AM

PARMA MARKET REPORT 2007 VS. 2008 FINAL NUMBERS

There is no question that it has been a challenging year in real estate, and 2009 will be plagued with many of the same problems i.e. short sales, foreclosures, financing difficulties , and appraisals that fall short of the purchase price, BUT HOMES DID SELL IN 2008 AND THEY WILL SELL IN 2009.

Sellers must make pricing their home CORRECTLY a top priority. In 2008, we saw asking prices vary widely as it was difficult for many sellers to accept the downturn in the market. THE HOMES THAT SOLD WERE THE ONES WITH REALISTIC PRICES. THE FACTS THAT MATTER WHEN PRICING YOUR HOME ARE THE SELLING PRICES OF OTHER HOMES IN YOUR AREA, followed by condition and location.

Below is a chart that shows CLOSED homes in Parma, Ohio through the multiple listing service in 2007 vs. 2008. In 7 out of 12 months the number of closed sales were actually greater than in 2007, but, I think this can be attributed to the large number of short sales and foreclosed homes.The downturn we have experienced can also be attributed to the tightening of the mortage belts, sellers staying put instead of downsizing or upsizing, buyers not buying over fear of losing their jobs, just to name a few. EVEN SO IT'S NOT ENTIRELY DOOM AND GLOOM OUT THERE!

PRICING IS EVERYTHING. IN FACT IT IS CRITICAL IF YOU WANT TO SELL YOUR HOME. FIND AN AGENT WHO WILL GIVE YOU AN ACCURATE LISTING PRICE EVEN IF IT IS NOT THE PRICE YOU WERE HOPING FOR.

PARMA OHIO

VISIT THE CITY OF PARMA FOR INFORMATION ON THE SENIOR CENTER, CALENDAR, THE PHOTO GALLERY AND SO MUCH MORE.

IF YOU WOULD LIKE TO BUY OR SELL A HOME IN PARMA, CONTACT BARB SZABO. I'D BE DELIGHTED TO TALK WITH YOU.

facebookgooglemeTwitterYelpLinkedInyahoo meoutside blog

 

If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex and is deemed reliable but not guaranteed.

2 comments • Barb Szabo E-pro Realtor Cleveland Ohio Homes • January 08 2009 09:12AM