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The following is specific to one area of Greater Cleveland Real Estate.  The Chagrin Falls Real Estate market includes Chagrin Falls, Bainbridge Township, Auburn, Bentleyville, and portions of Moreland Hills, and Hunting Valley.  If a Cleveland relocation is the reason for your move, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis in greater detail will be done for your community/neighborhood.

44022     CHAGRIN FALLS      44023

6 MONTH INVENTORY REPORT FOR January 4, 2010

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000         131                            107                                7 months

$300,001 – $500,000        134                              55                                 15 months

$500,001 +                         139                             27                                  31 months

….TOTALS……..              404                           189

Total Homes for Sale                 404

Average Sales/Month                 31.5

Months of Inventory                 12.8

The past 3 months showed dramatic improvement in the $150-300,000 price range.  The inventory level fell from 9 months to 7 months.  This is good news for home sellers in these communities with homes to sell in this price range.  The news is not so good for buyers in the upper 2 price ranges.  The inventory levels for the $300-500,000 range increased from 12 months to 15 months and the inventory for homes in the $500,000 and up price range increased from 22 months to 31 months inventory.  Home sellers in these ranges will face an uphill battle if they need to sell their homes in the near future.  The strong home buyers’ market exists in the upper price ranges for Chagrin Falls real estate.

If you are looking to purchase a home in the next few months, please give us a call.  We show all properties listed by any real estate broker and most for sale by owner homes.  If you find a home on any website, we can schedule a showing for you.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.  The details you need to make a good decision.

For families and individuals involved in a relocation transfer, you’re timing is excellent.  The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.  The school districts in Chagrin Falls, Bainbridge Township, Aurora, and surrounding areas are very highly rated. 

FindingClevelandHomes.com website contains information on mortgage rates, lenders, and  local community groups.  Our services are designed for Cleveland Executive Relocation & the Cleveland Luxury Home Market and are provided to all of our clients.

Jim & Joan Norbuta, Realtor®
ACCREDITED BUYERS REPRESENTATIVE

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®

Serving the Greater Cleveland communities of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley.  Call us for referrals to outstanding RE/MAX agents in other communities.

Tags: chagrin falls, RE/MAX, realtor, Relocation