GREATER CLEVELAND HOMES amp REAL ESTATE2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS ndash SUMMER 2016

Brought to you by LisaHumenik RE MAX Crossroads More news at FacebookcomAmazingNortheastOhioHomes

HOME SALES

ITrsquoS A GREAT TIME TO SELL A HOME

The Northeast Ohio real estate market has changed significantly in the past year turning to a SELLERrsquos advantage in most suburbs The

number of homes available for sale has continued to decline while home sales are increasing which has helped boost sales prices and

decrease market time for home sellers With mortgage rates still at historic lows a home buyers cost of purchasing a home is lower and

more affordable than ever which is boosting demand Homes that are in very good condition and that are priced and marketed effectively

are selling for higher prices which is driving up home values Home owners throughout the area are seeing their homes value and equity increase which is a welcome change from the past years All and all It is a great year to move

HOME PRICES

HOMES SALES ARE UP 17 OVER 2015

The number of homes sold YTD (Jan-May) in 2016 in Cuyahoga

County suburbs is up 17 over the same period last year (SEE

CHART) A even bigger indicator of future sales is that Pending Sales

Contracts are up over 36 from May last year

Many suburbs are seeing even stronger sales gains The top sales

gains YTD in the Greater Cleveland SW Suburbs are as follows

Strongsville (+40) Lakewood (+38) Middleburg Heights (+32)

Brunswick Brunswick Hills (+31) Olmsted Falls (+29) and Parma

(+26) Home sales have continued to increase in spite of declining

home inventory for sale

HOMES PRICES ARE RISING IN ALMOST ALL

SUBURBS ndash UP 4 IN CUYAHOGA COUNTY

The Average Sale Price of Homes sold YTD (Jan-May) in 2016 in Cuyahoga

County suburbs is $143000 up 4 over the same period last year (SEE

CHART NEXT PAGE FOR ALL SW SUBURBS) The average List Price

has increased by over 10 since 2015 Many suburbs are seeing double

digit sold price increases Suburbs with the highest home sales price

increases YTD over 2015 are as follows (Average Home Sales Price)

1 ROCKY RIVER ndash UP 188 TO $329000 AVG

2 BEREA ndash UP 15 TO $136000 AVG

3 BROOKPARK ndash UP 13 TO $103000 AVG

4 WEST PARK - CLEVE W OF 140TH (KAMMS) ndash UP 12 TO

$93000 AVG

5 LAKEWOOD ndash UP 123 TO $169000 AVG

6 PARMA ndash UP 8 TO $97000 AVG

2016 YTD HOME SALES REPORT CARD

SOUTHWEST SUBURBS ndash HOME SALES DATA

Months of Inventory ( based on Closed Sales) = the number of properties for sale divided by the number of properties sold

Three (3) months or less inventory is a Sellerrsquos Market A Buyerrsquos Market is greater than 6 months of Inventory Balanced = 3 lt 6

months inventory

Absorption Rate ndash Percent of Homes for Sale that went under contract (Pending)

CITY NUMBER OF HOMES FOR SALE

(+- TO 2015)

As of 6116

CURRENT MONTHS OF

INVENTORY(Buyer or Sellerrsquos

Market)

2016 AVG SOLD PRICEYTD 2016 - AVG

( TO SAME PERIOD 2015)

2016 YTD HOMES

SOLD ( TO SAME

PERIOD 2015)

KEY MARKET TRENDS

BEREA 46 ( - 40 )

19SELLER

$136000(+ 148)

100(+235)

VERY LOW INVENTORY STRONG SALES amp PRICE

APPRECIATION

BROOK PARK 41 (+ 79)

17SELLER

$103000(+13)

92(+165)

INCREASED HOME SALES amp PRICE APPRECIATION

BRUNSWICK 88 ( - 40 )

14SELLER

$178000(+34)

254(+31)

VERY LOW INVENTORY STRONG SALES

LAKEWOOD 59 (- 18)

13SELLER

$169000(+123)

200(+38)

STRONG GROWTH IN HOME SALES amp PRICES

MIDDLEBURG HTS 35 (+ 13)

19SELLER

$150000(+58)

58(+32)

MODERATE PRICE amp INVENTORY GROWTH

NORTH OLMSTED 70 (-35)

19SELLER

$134000(+1)

143(+92)

PRICING amp SALES NUETRAL

NORTH ROYALTON 74 (-32)

25SELLER

$204000(-17)

91(+1)

PRICING amp SALES NUETRAL

OLMSTED FALLS TOWNSHIP

83(-20)

31NUETRAL

$135000(-68)

111(+29)

HOMES SALES INCREASING BUT PRICING DECREASING

PARMA 202(- 32)

18SELLER

$97000(+8)

438(+255)

GREAT MARKET RECOVERY - HOME PRICES AND SALES

UP SUBSTANTIALLY

PARMA HEIGHTS 40(- 38)

12SELLER

$99000(+65)

98(+24)

INCREASED HOME SALES amp PRICE APPRECIATION

ROCKY RIVER 44(-33)

15SELLER

$329000(+19)

104(+95)

STRONG PRICE APPRECIATION AND SALES

STRONGSVILLE 130 (-37)

21SELLER

$221000(+32)

229(+405)

VERY STRONG HOME SALES GROWTH

WEST PARK 92(-30)

22SELLER

$93000(+12)

202(+195)

INCREASED HOME SALES amp PRICE APPRECIATION

ALL CUYAHOGA COUNTY

4198(-156)

24SELLER

$143000(+42)

4986(+17)

SELLERrsquoS MARKET STRONG SALES amp PRICE APPRECIATION

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

DAYS ON MARKET

DAYS ON MARKET (DAYS TO SELL) IS DECREASING

The number of days it takes to sell a home has been decreasing as the

market has become tighter and inventory is low In the past five years

total days on market (CDOM) peaked at 139 days in 2011 and is now 97

days ndash a 30 decrease So we are seeing homes sell significantly

FASTER With low interest rates and rising prices it is a great time to

sell So if you list your home be ready to get moving

CDOM is Cumulative Days on Market and includes if a home was on the

market and then expired and re-listed Days on Market (DOM) is the

number of days to sell in the current listing period Todays DM in Cuyahoga County is averaging 76 days from list date to close

WHERE HAVE ALL THE LISTINGS GONE

NUMBER OF HOMES FOR SALE (ACTIVE

LISTINGS) AT 5 YEAR LOWS

The inventory of homes ldquoFor Salerdquo in Cuyahoga County (see

CHART) has been consistently decreasing over the past 5

years Even with the positive trends in 2015 we have yet to see the

inventory of homes increase to levels higher than the past five

years At the start of June we had 4198 Single Family homes for

sale in Cuyahoga County compared to 7945 in 2011 - a 47

decrease The low supply of homes for sale has assisted in

boosting sales prices and lowering the time it takes to sell a

home The reasons for the strong year-over-year home

appreciation numbers we have been seeing is simple to explain

demand for housing is up and the supply of homes for sale has been at historic lows

MONTHS OF INVENTORY

CUYAHOGA COUNTY INVENTORY AT 34 MONTHS

The Average current market inventory in Cuyahoga County is

34 months This is a still a Balanced Market county-wide (but

moving towards Sellers) But most all Southwest Suburbs are

now SELLERrsquos markets (a Sellers Market is 3 months or less of

inventory and a Buyers Market is more than 6 months of

inventory) Markets with extremely low inventory and high

turnover include Lakewood Brunswick Brook Park an Parma

Heights

Download the complete Market Trends Report at NortheastOhioMarketReportcom

FRIENDS amp FAMILY DISCOUNT PROGRAM

15 OFF DISCOUNT TO ALL PAST CLIENTS AND REFERRALS

All past clients and any friends or family you refer receive 15 off the standard sales commission for selling your home Your loyalty is

very much appreciated and I will always work hard to earn and keep your business Home sellers and buyers also receive discount on your closing costs from Ohio Real Title as well Just call me at (440)476-4959 or email me and I will take the best care of you possible

Download the complete Market Trends Report at NortheastOhioMarketReportcom

YOUR HOME MAY BE WORTH MORE NOW

THINKING OF SELLING YOUR HOME

CHECK OUT OUR NEW WEBSITE amp FACEBOOK PAGE

CONTACT INFO

PHONE (440)476-4959 EMAIL lisahumenikgmailcom WEB httplisahumenikcom

httpfacebookcomlisamariehumenik or FANPAGE httpFacebookcomAmazingNortheastOhioHomes

httplinkedincominlisahumenik New BLOG COMING SOON

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

WONDERING WHAT YOUR HOME IS WORTH NOW

Market conditions have changed dramatically over the past few years ndash

especially in the Southwest Suburbs The GOOD NEWS ishellip most likely your

home may have gone up in value If you would like a current professional

estimate andor neighborhood value report please contact me at (440)476-4959 or lisahumenikremaxnet

My REMAX home search Website has recently been

improved to allow even easier navigation to find homes

for sale Check it out at httpLisaHumenikcom

Also my Facebook Page features up-to-date news on the

real estate market and the latest HOT new home listings

Please ldquoLIKErdquo my page and check it out at

httpFacebookcomAmazingNortheastOhioHomes

If you are thinking of selling your home my Smart Seller Home Marketing Program attracts MORE interested buyers to

your home with todays most effective and ADVANCED real estate marketing techniques with results that are Guaranteed

Heres why the smart seller program is unique No long term listing contract - cancel anytime Advanced marketing

techniques targeted to todays home buyer such as professional Wide Angle lens Photography amp Video Social Media

advertising sponsored home Online (on Realtorcom Zillow and Trulia) Home Staging and your homersquos own website to

name a few All my clients receive a 100 client satisfaction guarantee - your satisfaction with our services will be

monitored throughout the transaction process to make sure you are always happy with the service and communication you

receive every step of the way See Marketing Plan examples at httpwwwsmarthomesellerplancom Call me for a

personalized Home Marketing Plan Presentation at (440)476-4959

2016 YTD HOME SALES REPORT CARD

SOUTHWEST SUBURBS ndash HOME SALES DATA

Months of Inventory ( based on Closed Sales) = the number of properties for sale divided by the number of properties sold

Three (3) months or less inventory is a Sellerrsquos Market A Buyerrsquos Market is greater than 6 months of Inventory Balanced = 3 lt 6

months inventory

Absorption Rate ndash Percent of Homes for Sale that went under contract (Pending)

CITY NUMBER OF HOMES FOR SALE

(+- TO 2015)

As of 6116

CURRENT MONTHS OF

INVENTORY(Buyer or Sellerrsquos

Market)

2016 AVG SOLD PRICEYTD 2016 - AVG

( TO SAME PERIOD 2015)

2016 YTD HOMES

SOLD ( TO SAME

PERIOD 2015)

KEY MARKET TRENDS

BEREA 46 ( - 40 )

19SELLER

$136000(+ 148)

100(+235)

VERY LOW INVENTORY STRONG SALES amp PRICE

APPRECIATION

BROOK PARK 41 (+ 79)

17SELLER

$103000(+13)

92(+165)

INCREASED HOME SALES amp PRICE APPRECIATION

BRUNSWICK 88 ( - 40 )

14SELLER

$178000(+34)

254(+31)

VERY LOW INVENTORY STRONG SALES

LAKEWOOD 59 (- 18)

13SELLER

$169000(+123)

200(+38)

STRONG GROWTH IN HOME SALES amp PRICES

MIDDLEBURG HTS 35 (+ 13)

19SELLER

$150000(+58)

58(+32)

MODERATE PRICE amp INVENTORY GROWTH

NORTH OLMSTED 70 (-35)

19SELLER

$134000(+1)

143(+92)

PRICING amp SALES NUETRAL

NORTH ROYALTON 74 (-32)

25SELLER

$204000(-17)

91(+1)

PRICING amp SALES NUETRAL

OLMSTED FALLS TOWNSHIP

83(-20)

31NUETRAL

$135000(-68)

111(+29)

HOMES SALES INCREASING BUT PRICING DECREASING

PARMA 202(- 32)

18SELLER

$97000(+8)

438(+255)

GREAT MARKET RECOVERY - HOME PRICES AND SALES

UP SUBSTANTIALLY

PARMA HEIGHTS 40(- 38)

12SELLER

$99000(+65)

98(+24)

INCREASED HOME SALES amp PRICE APPRECIATION

ROCKY RIVER 44(-33)

15SELLER

$329000(+19)

104(+95)

STRONG PRICE APPRECIATION AND SALES

STRONGSVILLE 130 (-37)

21SELLER

$221000(+32)

229(+405)

VERY STRONG HOME SALES GROWTH

WEST PARK 92(-30)

22SELLER

$93000(+12)

202(+195)

INCREASED HOME SALES amp PRICE APPRECIATION

ALL CUYAHOGA COUNTY

4198(-156)

24SELLER

$143000(+42)

4986(+17)

SELLERrsquoS MARKET STRONG SALES amp PRICE APPRECIATION

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

DAYS ON MARKET

DAYS ON MARKET (DAYS TO SELL) IS DECREASING

The number of days it takes to sell a home has been decreasing as the

market has become tighter and inventory is low In the past five years

total days on market (CDOM) peaked at 139 days in 2011 and is now 97

days ndash a 30 decrease So we are seeing homes sell significantly

FASTER With low interest rates and rising prices it is a great time to

sell So if you list your home be ready to get moving

CDOM is Cumulative Days on Market and includes if a home was on the

market and then expired and re-listed Days on Market (DOM) is the

number of days to sell in the current listing period Todays DM in Cuyahoga County is averaging 76 days from list date to close

WHERE HAVE ALL THE LISTINGS GONE

NUMBER OF HOMES FOR SALE (ACTIVE

LISTINGS) AT 5 YEAR LOWS

The inventory of homes ldquoFor Salerdquo in Cuyahoga County (see

CHART) has been consistently decreasing over the past 5

years Even with the positive trends in 2015 we have yet to see the

inventory of homes increase to levels higher than the past five

years At the start of June we had 4198 Single Family homes for

sale in Cuyahoga County compared to 7945 in 2011 - a 47

decrease The low supply of homes for sale has assisted in

boosting sales prices and lowering the time it takes to sell a

home The reasons for the strong year-over-year home

appreciation numbers we have been seeing is simple to explain

demand for housing is up and the supply of homes for sale has been at historic lows

MONTHS OF INVENTORY

CUYAHOGA COUNTY INVENTORY AT 34 MONTHS

The Average current market inventory in Cuyahoga County is

34 months This is a still a Balanced Market county-wide (but

moving towards Sellers) But most all Southwest Suburbs are

now SELLERrsquos markets (a Sellers Market is 3 months or less of

inventory and a Buyers Market is more than 6 months of

inventory) Markets with extremely low inventory and high

turnover include Lakewood Brunswick Brook Park an Parma

Heights

Download the complete Market Trends Report at NortheastOhioMarketReportcom

FRIENDS amp FAMILY DISCOUNT PROGRAM

15 OFF DISCOUNT TO ALL PAST CLIENTS AND REFERRALS

All past clients and any friends or family you refer receive 15 off the standard sales commission for selling your home Your loyalty is

very much appreciated and I will always work hard to earn and keep your business Home sellers and buyers also receive discount on your closing costs from Ohio Real Title as well Just call me at (440)476-4959 or email me and I will take the best care of you possible

Download the complete Market Trends Report at NortheastOhioMarketReportcom

YOUR HOME MAY BE WORTH MORE NOW

THINKING OF SELLING YOUR HOME

CHECK OUT OUR NEW WEBSITE amp FACEBOOK PAGE

CONTACT INFO

PHONE (440)476-4959 EMAIL lisahumenikgmailcom WEB httplisahumenikcom

httpfacebookcomlisamariehumenik or FANPAGE httpFacebookcomAmazingNortheastOhioHomes

httplinkedincominlisahumenik New BLOG COMING SOON

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

WONDERING WHAT YOUR HOME IS WORTH NOW

Market conditions have changed dramatically over the past few years ndash

especially in the Southwest Suburbs The GOOD NEWS ishellip most likely your

home may have gone up in value If you would like a current professional

estimate andor neighborhood value report please contact me at (440)476-4959 or lisahumenikremaxnet

My REMAX home search Website has recently been

improved to allow even easier navigation to find homes

for sale Check it out at httpLisaHumenikcom

Also my Facebook Page features up-to-date news on the

real estate market and the latest HOT new home listings

Please ldquoLIKErdquo my page and check it out at

httpFacebookcomAmazingNortheastOhioHomes

If you are thinking of selling your home my Smart Seller Home Marketing Program attracts MORE interested buyers to

your home with todays most effective and ADVANCED real estate marketing techniques with results that are Guaranteed

Heres why the smart seller program is unique No long term listing contract - cancel anytime Advanced marketing

techniques targeted to todays home buyer such as professional Wide Angle lens Photography amp Video Social Media

advertising sponsored home Online (on Realtorcom Zillow and Trulia) Home Staging and your homersquos own website to

name a few All my clients receive a 100 client satisfaction guarantee - your satisfaction with our services will be

monitored throughout the transaction process to make sure you are always happy with the service and communication you

receive every step of the way See Marketing Plan examples at httpwwwsmarthomesellerplancom Call me for a

personalized Home Marketing Plan Presentation at (440)476-4959

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

DAYS ON MARKET

DAYS ON MARKET (DAYS TO SELL) IS DECREASING

The number of days it takes to sell a home has been decreasing as the

market has become tighter and inventory is low In the past five years

total days on market (CDOM) peaked at 139 days in 2011 and is now 97

days ndash a 30 decrease So we are seeing homes sell significantly

FASTER With low interest rates and rising prices it is a great time to

sell So if you list your home be ready to get moving

CDOM is Cumulative Days on Market and includes if a home was on the

market and then expired and re-listed Days on Market (DOM) is the

number of days to sell in the current listing period Todays DM in Cuyahoga County is averaging 76 days from list date to close

WHERE HAVE ALL THE LISTINGS GONE

NUMBER OF HOMES FOR SALE (ACTIVE

LISTINGS) AT 5 YEAR LOWS

The inventory of homes ldquoFor Salerdquo in Cuyahoga County (see

CHART) has been consistently decreasing over the past 5

years Even with the positive trends in 2015 we have yet to see the

inventory of homes increase to levels higher than the past five

years At the start of June we had 4198 Single Family homes for

sale in Cuyahoga County compared to 7945 in 2011 - a 47

decrease The low supply of homes for sale has assisted in

boosting sales prices and lowering the time it takes to sell a

home The reasons for the strong year-over-year home

appreciation numbers we have been seeing is simple to explain

demand for housing is up and the supply of homes for sale has been at historic lows

MONTHS OF INVENTORY

CUYAHOGA COUNTY INVENTORY AT 34 MONTHS

The Average current market inventory in Cuyahoga County is

34 months This is a still a Balanced Market county-wide (but

moving towards Sellers) But most all Southwest Suburbs are

now SELLERrsquos markets (a Sellers Market is 3 months or less of

inventory and a Buyers Market is more than 6 months of

inventory) Markets with extremely low inventory and high

turnover include Lakewood Brunswick Brook Park an Parma

Heights

Download the complete Market Trends Report at NortheastOhioMarketReportcom

FRIENDS amp FAMILY DISCOUNT PROGRAM

15 OFF DISCOUNT TO ALL PAST CLIENTS AND REFERRALS

All past clients and any friends or family you refer receive 15 off the standard sales commission for selling your home Your loyalty is

very much appreciated and I will always work hard to earn and keep your business Home sellers and buyers also receive discount on your closing costs from Ohio Real Title as well Just call me at (440)476-4959 or email me and I will take the best care of you possible

Download the complete Market Trends Report at NortheastOhioMarketReportcom

YOUR HOME MAY BE WORTH MORE NOW

THINKING OF SELLING YOUR HOME

CHECK OUT OUR NEW WEBSITE amp FACEBOOK PAGE

CONTACT INFO

PHONE (440)476-4959 EMAIL lisahumenikgmailcom WEB httplisahumenikcom

httpfacebookcomlisamariehumenik or FANPAGE httpFacebookcomAmazingNortheastOhioHomes

httplinkedincominlisahumenik New BLOG COMING SOON

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

WONDERING WHAT YOUR HOME IS WORTH NOW

Market conditions have changed dramatically over the past few years ndash

especially in the Southwest Suburbs The GOOD NEWS ishellip most likely your

home may have gone up in value If you would like a current professional

estimate andor neighborhood value report please contact me at (440)476-4959 or lisahumenikremaxnet

My REMAX home search Website has recently been

improved to allow even easier navigation to find homes

for sale Check it out at httpLisaHumenikcom

Also my Facebook Page features up-to-date news on the

real estate market and the latest HOT new home listings

Please ldquoLIKErdquo my page and check it out at

httpFacebookcomAmazingNortheastOhioHomes

If you are thinking of selling your home my Smart Seller Home Marketing Program attracts MORE interested buyers to

your home with todays most effective and ADVANCED real estate marketing techniques with results that are Guaranteed

Heres why the smart seller program is unique No long term listing contract - cancel anytime Advanced marketing

techniques targeted to todays home buyer such as professional Wide Angle lens Photography amp Video Social Media

advertising sponsored home Online (on Realtorcom Zillow and Trulia) Home Staging and your homersquos own website to

name a few All my clients receive a 100 client satisfaction guarantee - your satisfaction with our services will be

monitored throughout the transaction process to make sure you are always happy with the service and communication you

receive every step of the way See Marketing Plan examples at httpwwwsmarthomesellerplancom Call me for a

personalized Home Marketing Plan Presentation at (440)476-4959

FRIENDS amp FAMILY DISCOUNT PROGRAM

15 OFF DISCOUNT TO ALL PAST CLIENTS AND REFERRALS

All past clients and any friends or family you refer receive 15 off the standard sales commission for selling your home Your loyalty is

very much appreciated and I will always work hard to earn and keep your business Home sellers and buyers also receive discount on your closing costs from Ohio Real Title as well Just call me at (440)476-4959 or email me and I will take the best care of you possible

Download the complete Market Trends Report at NortheastOhioMarketReportcom

YOUR HOME MAY BE WORTH MORE NOW

THINKING OF SELLING YOUR HOME

CHECK OUT OUR NEW WEBSITE amp FACEBOOK PAGE

CONTACT INFO

PHONE (440)476-4959 EMAIL lisahumenikgmailcom WEB httplisahumenikcom

httpfacebookcomlisamariehumenik or FANPAGE httpFacebookcomAmazingNortheastOhioHomes

httplinkedincominlisahumenik New BLOG COMING SOON

GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS

WONDERING WHAT YOUR HOME IS WORTH NOW

Market conditions have changed dramatically over the past few years ndash

especially in the Southwest Suburbs The GOOD NEWS ishellip most likely your

home may have gone up in value If you would like a current professional

estimate andor neighborhood value report please contact me at (440)476-4959 or lisahumenikremaxnet

My REMAX home search Website has recently been

improved to allow even easier navigation to find homes

for sale Check it out at httpLisaHumenikcom

Also my Facebook Page features up-to-date news on the

real estate market and the latest HOT new home listings

Please ldquoLIKErdquo my page and check it out at

httpFacebookcomAmazingNortheastOhioHomes

If you are thinking of selling your home my Smart Seller Home Marketing Program attracts MORE interested buyers to

your home with todays most effective and ADVANCED real estate marketing techniques with results that are Guaranteed

Heres why the smart seller program is unique No long term listing contract - cancel anytime Advanced marketing

techniques targeted to todays home buyer such as professional Wide Angle lens Photography amp Video Social Media

advertising sponsored home Online (on Realtorcom Zillow and Trulia) Home Staging and your homersquos own website to

name a few All my clients receive a 100 client satisfaction guarantee - your satisfaction with our services will be

monitored throughout the transaction process to make sure you are always happy with the service and communication you

receive every step of the way See Marketing Plan examples at httpwwwsmarthomesellerplancom Call me for a

personalized Home Marketing Plan Presentation at (440)476-4959