Beachwood Ohio Real Estate: First Quarter Market Report 2009

By
Real Estate Agent with Howard Hanna Real Estate Services

The first quarter is officially over and it was pretty good for Beachwood in terms of the number of real estate sales.

Officially, 13 homes sold in the first three months of 2009 compared to only 11 during the first quarter of 2008.  

Here is how the first quarter of 2009 compares with the same time period from 2008 here in Beachwood:

Year # Of Sold Homes Ave. Sale Price Ave. Market Time Ave. Price/Square ft.
2009 13 $254,962 157 $98.04
2008 11 $286,773 126 $116.67

SUMMARY

The fact that more homes sold in the first quarter of 2009 than during the same time period last year is a good sign for Beachwood real estate. It means that buyers are still looking to buy in Beachwood, and more importantly, are not afraid to move forward with a buying decision once they find a home they like. In addition, there are 19 homes currently under contract, most occurring during the month of March. This indicates activity picking up over the last 30 days.

Perhaps we are seeing an early spring market in Beachwood. Interest rates are at historic lows and buyers across the area flock to buy in Beachwood because of its excellent rated school district, prime location, and wonderful amenities.

Check out other quarterly reports from nearby suburbs:

Bainbridge Ohio 2009 First Quarter Market Report

Moreland Hills Ohio 2009 First Quarter Market Report

Orange Village Ohio 2009 First Quarter Market Report

Pepper Pike Ohio 2009 First Quarter Market Report

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

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About The Authors:

Dan and Amy Schuman reside in the eastern suburbs of Cleveland. Dan Schuman is board member of the the Beachwood Chamber of Commerce. The Schuman Team uses their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and the Schuman Team's listings sold in less than 60 days.

The Schuman Team specializes in luxury homes. They are founding members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and also members of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. They also work extensively with buyers and sellers who are relocating in or out of the area.

If you are looking to buy or sell a home in Bainbridge,BeachwoodMoreland HillsOrange, Pepper Pike, Solon, or the surrounding Eastern suburbs of Cleveland, please contact the Schuman Team as they would be happy to show you why people love working with them.

To see all homes currently on the market in the Cleveland Ohio area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

Check out the award-winning website, www.schumanteam.com .

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All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009

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Ohio Cuyahoga County Beachwood
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Show All Comments
Rainmaker
61,699
Brent Johnson
Chase International South Tahoe Realty - South Lake Tahoe, CA

Nice statistics blog. I am just getting ready to do the quarterly stats for Tahoe!

April 03, 2009 09:08 AM #1
Rainmaker
296,982
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Hi Brent, thank you for commenting. I just did 7 for the areas that we cover. I think consumers like seeing statistics. Good luck on your post.

April 03, 2009 09:17 AM #2
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Rainmaker
296,982

Dan and Amy Schuman

Luxury Home Specialists
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