Below is theNew Hampton Broadview Heights Ohio real estate market report for May, 2010. Note that properties under contract and those that closed in May are likely the result of contracts written in March and April. There was a noticeable drop in activity after the tax credit expired, but as of the last few weeks, activity has increased. I anticipate that we will see an increase in contingent and closed homes in the next few months. The yellow highlighted areas indicate a decrease, the red an increase.
New Hampton Broadview Heights Real Estate Market Report for May 2010
| NEW HAMPTON | |||
| CONDOS | CLUSTERS | SINGLE FAMILY | |
| # OF ACTIVE | 10 | 4 | 8 |
| AVG. SQFT. | 1571 | 2169+ | 2402 |
| AVG. PRICE PR SQFT | $99.84 | $117.25 | $117.00 |
| AVG. MARKET TIME | 100 | 33 | 146 |
| AVG. LIST PRICE | $159,450 | $252,443 | $272,250 |
| AVG. SALE PRICE | N/A | N/A | N/A |
| # OF CONTINGENT | 0 | 0 | 3 |
| AVG. SQFT. | 2854 | ||
| AVG. PRICE PER SQFT. | $105.88 | ||
| AVG. MARKET TIME | 128 | ||
| AVG. LIST PRICE | $300,641 | ||
| AVG. SALE PRICE | |||
| # OF PENDING | 0 | 2 | 3 |
| AVG. SQFT. | 2355 | 2564 | |
| AVG. PRICE PER SQFT. | $107.42 | $118.75 | |
| AVG. MARKET TIME | 92 | 97 | |
| AVG. LIST PRICE | $249,750 | $300,000 | |
| AVG. SALE PRICE | |||
| # OF CLOSED SALES | 0 | 0 | 5 |
| AVG. SQFT. | 2938 | ||
| AVG. PRICE PER SQFT. | $98.14 | ||
| AVG. MARKET TIME | 186 | ||
| AVG. LIST PRICE | $279,900 | ||
| AVG. SALE PRICE | $287,300 | ||
New Hampton condos are labeled as such to differentiate between the style of housing. They are in fact single family homes.
Statistics show that almost 90% of home buyers and sellers begin their search on line. Below is the strong internet presence I can give your home when I market it.
New Hampton Broadview Heights Ohio Real Estate Market Report First Quarter 2010
New Hampton Broadview Heights Ohio Real Estate Market Report Fourth Quarter 2009
New Hampton Broadview Heights Ohio Real Estate Market Report Third Quarter 2009
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 (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.
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Barb,
That's a nice, well laid out, organized market report for the New Hampton Broadview Heights. BTW, I like your intro video in the sidebar of your blog. Good job!!!
Lori Cofer
Hey Lori, I'm always looking for ways to improve these reports.... they are a work in progress and that video was about 15 takes so thanks!!!! much harder than it looks at least for me anyway.
Hi Barb - Nice to see all of the increases in the single-family area. Was this just an off month for condos?
Hi John, Condos have been a tougher sale ever since it became harder to get an fha loan on them. There are some banks here that are requiring 30% down on a condo conventional loan so even in a modest price range of $150,000, that's still $45K down payment. Not a lot of people have that kind of down payment.