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 Real Estate is a local phenomena.  NATIONAL HOMES SALES statistics are meaningless in Northeast Ohio.  Greater Cleveland home sales statistics are meaningless for Chagrin Falls. 

The following information about Chagrin Falls real estate is general information.  Statistics change for individual communities within suburban areas.   This information is meant to give you a general flavor of the market. 

Have a real estate question about your home, street or community ?           Contact us.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)  

440-247-7650                      cell 440-708-0561

LinkedIn Profile 

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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.

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A client of ours with real estate for sale in Chagrin Falls, recently asked us a question about a potential job transfer out of Ohio. Although we didn’t have the answer at our fingertips, we knew where to find it: LinkedIn.

Here are the results of our inquiry. Contact us if you are a home buyer in Cleveland Ohio, have any real estate questions, or would like to connect on LinkedIn.

Here is the discussion:

Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Loss of Home Equity Provision in Relocation Contracts
Our client has been offered a position out of state, and we will be selling his home.

Can you share a copy of the corporate relocation pages that offer a “loss of equity” provision in the relocation package? See link for details:

http://www.findingclevelandhomes.com/2009/11/16/relocation-program-loss-of-home-equity-a-question-from-your-cleveland-relocation-specialist/

If your company does not offer a “loss of equity” provision, we would appreciate your sharing that information with us. All information will remain confidential.
Posted 2 days ago | Delete discussion
Comments (4)
1.
Dave Foess
Global and Domestic Relocation Executive
See all Dave’s activity »
Stop following Follow Dave
1 example

Loss on Sale of Home
In the event an employee sustains a loss on the sale of his/her present residence as a result of relocation, the Company will reimburse the employee for the loss to a maximum of 10% of the original purchase price.
A loss on sale is considered to be the difference between the original purchase price of the home plus allowable capital improvements as defined by the IRS and the higher of the appraised value or sale price. The employee must provide copies of the original purchase agreement and bills sustaining the capital improvements. The improvements must have been installed in the five-year period immediately prior to the effective date of the transfer and have a minimum cost of $1,000 for each expenditure.
Loss on Sale Example:
$175,000 Purchase Price
$ 5,000 Capital Improvements (Deck)
$180,000
$170,000 Actual Sale Price or Appraised Value
$ 10,000
Maximum Reimbursement: 10% of original purchase price of $175,000 = $17,500
Payment: The less of the loss ($10,000) or 10% ($17,500) = $10,000
Posted 19 hours ago | Reply Privately
2.
Dillon Fries
Owner, Dillon H. Fries & Associates
See all Dillon’s activity »
Stop following Follow Dillon
It is kind of presumptuous to assume that the capital improvements added to market value. Often there are demolition costs, extraordinary costs, and higher profit margins on remodeling projects. Should a transferee be able to recoupe such improvements to their full extent?
Posted 10 hours ago | Reply Privately
3.
Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Dave,

Thanks for the detailed explanation. This is a very intersting approach. This will be very helpful for my client.

Many Blessings,

Jim
Posted 9 hours ago | Delete comment
4.
Jim Norbuta
Realtor (R), Experienced In Relocation, Accredited Buyers Representative (ABR)
See all Jim’s activity »
Dillon,

Dave’s example reflected a 100% return on the capital expenditure. This rarely happens for the homeowner, but you get what you negotiate if there isn’t a written policy.

Many Blessings,

Jim
Posted 9 hours ago | Delete comment
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Need information on mortgage rates, lenders, and local community groups? Look around, it’s here on our website. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)

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