Barb Szabo's Blog: Ohio: Parma Heights

Parma Heights Ohio Real Estate Market Report for Oct./Nov. 2009

Below you will find the third quarter market statistics along with Oct. and Nov. 2009 for Parma Heights, Ohio. Average prices continued to drop in Parma Heights Ohio, though the average on the SOLD homes dropped only slightly from third quarter.  Fourth quarter sales typically slow down and we are seeing that now. The tax credit extension should help to keep sales somewhat steady and perhaps be the catalyst for earlier sales in the first quarter of 2010, which was not the case in the early part of 2009. Pricing will be key to getting homes sold.

Parma Heights Ohio Real Estate First Quarter Market Report 2009

Parma Heights Ohio Real Estate Second Quarter Market Report 2009

Parma Heights Ohio Real Estate Third Quarter Market Report 2009

In today's market, if you are trying to sell your home you will need a strong internet presence. Below is some of my internet marketing through point2homes.com along with remax.com, realtor.com, pluggedin cleveland.com, and activerain.com

Below you will find the market statistics for Parma Heights Ohio. We have seen a slight increase in activity due to first time buyers who want to avail themselves of the $8000 tax credit, but the Nov. 30th deadline is looming and realistically they should be under contract by about Oct. 15th. Pricing continues to be key in this buyer's market and will continue to be key as we enter the 4th quarter of this year and the first quarter of the new year.

Your home needs a strong internet presence. Here is some of my internet marketing through point2homes.com:

Parma Heights Ohio First Quarter Market Report 2009

Parma Heights Ohio Second Quarter Market Report 2009

Below you will find the number of all active listings along with those that are contingent, pending, or closed for the month of August. There has been a definite increase in activity as first time buyers try to meet the Nov. 30th 2009 deadline for the first time buyer tax credit.

Parma Heights Ohio First Quarter Market Report 2009

Parma Heights Ohio Market Report for May 2009

Parma Heights Ohio Second Quarter Market Report 2009

Here is a sampling of my internet marketing:

Below you will find all active listings plus pending, and closed sales for the second quarter of 2009. Activity has increased for me and most agents I know with a nice combination of buyers buying and listings selling. The numbers are down slightly from first quarter, but activity is steady. There are, of course many homeowners still facing foreclosure, short sales, and unemployment. As has been the case for quite some time now, if you want to sell your home, pricing is key. All information is obtained from NEOHREX and is deemed reliable but not guaranteed.

Here is a sampling of my internet marketing:

Parma Heights Ohio Market Report for May 2009

Parma Heights Ohio Second Quarter Market Report 2009

If you would like to buy or sell a home in Parma Heights 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.

Below you will find the number of total active listings along with those that went into contingent, pending, and closed status for the month of May. Although foreclosures and short sales are a large part of the market, the federal tax credit has brought some new buyers into the market. If you want to sell your home this year, pricing remains critical. If you are interested in buying a home this year, speak with a qualified and reputable lender and get a pre-approval before you go house hunting.

Here is a sampling of where I will market your home:

If you would like to buy or sell a home in Parma Heights 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.

Below you will find Parma Heights Ohio market statistics for active and pending listings from the first of the year and closed sales for the month of April. The "spring" market had a much slower start than last year, with concern on the part of buyers over jobs, job stability, and losses in the financial markets. The $8000 2009 home buyer tax credit has motivated first time buyers to purchase, but for those who want to move up or downsize it has been a bit more challenging. If you are thinking of selling in the near future, make sure your home is ready for the market and consider your price very carefully as it will be critical to the successful sale of your home.

You may want to view past reports for Parma Heights Ohio

Parma Heights Ohio First Quarter Market Report

Parma Heights Ohio Final Numbers 2007 vs.2008

Here is a sampling of where I will market your home:

If you would like to buy or sell a home in Parma Heights 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.

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.

If you would like to buy or sell a home in Parma Heights 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.

The Parma Heights Senior Center has a variety of activities and services organized for adults 60 and older. A free monthly newsletter is available as well to keep residents informed of all activities, trips, services and events including:

Transportation                                                         
Congregate Lunch
Home Delivered Meals Free
Chair Dancing/ Line Dancing
Free Movies/ Free Crafts
Library
Free Monthly Blood Pressure Screening
Free Bingo/ Cards
Guest Speakers
Health Opportunities/ Flu Shots
Parties /Concerts/ Entertainment
Educational Information
Nutritional Information
Special Trips
Financial Information
Resource Information

To receive your free monthly newletter, or information about the volunteer program, call 440-888-4416 or visit the Senior Center.

If you would like information about real estate in your area, please contact Barb Szabo or call me at 440-263-7496

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 Heights, Ohio through the multiple listing service in 2007 vs. 2008.

Throughout most of 2008, the number of sales were less than in 2007 and 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.

YOU'LL WANT TO VISIT PARMA HEIGHTS TO LEARN MORE ABOUT THE SENIOR CENTER, INCOME TAX, AND THE HUMAN SERVICES DEPARTMENT

ALL INFORMATION OBTAINED FROM NORMLS AND IS DEEMED RELIABLE BUT NOT GUARANTEED. FIELDS THAT ARE BLANK OR THAT HAVE A ZERO IN THEM WERE NOT USED IN THE MINIMUM, MAXIMUM, AND AVERAGE CALCULATIONS.

PLEASE CONTACT ME IF YOU WOULD LIKE INFORMATION ON YOUR AREA.

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