REAL ESTATE MARKET REPORT
CUYAHOGA COUNTY
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Tuesday, June 3
2014
TABLE OF CONTENTS
Market Summary Table
..
Glossary
...
Chase Group Real Estate
Keller Williams Greater Cleveland West
5061 N. Abbe Rd. STE 1
Sheffield Village, OH 44035
www.chasegrouprealestate.com
matt@chasegrouprealestate.com
440.328.4804
chasegrouprealestate
chasematt
chasegroupre
chasegrouprealestate
Real Market Reports
www.RealMarketReports.com
Page 1
Page 2
REAL ESTATE MARKET REPORT
CUYAHOGA COUNTY
Tuesday, June 3, 2014
Chase Group Real Estate
Keller Williams Greater Cleveland West
matt@chasegrouprealestate.com
440.328.4804
321
MARKET SUMMARY TABLE
A = Average Value
M = Median Value
N/A = Not Available
Price Range
515
Low
High
Num
#
$0
$49,999
25
$50,000
$99,999
33
$100,000
$149,999
115
$150,000
$199,999
115
$200,000
$249,999
53
$250,000
$299,999
42
$300,000
$349,999
19
$350,000
$399,999
12
$400,000
$449,999
12
$450,000
$499,999
14
$500,000
$549,999
$550,000
$599,999
12
$600,000
$649,999
$650,000
$699,999
11
$700,000
38
Market Totals
515
291
PENDING [2]
655
ACTIVE [1]
Days
on
Market
Current
List
Price
83
27,702
70
28,500
75
85,713
41
89,900
101
$ 130,883
56
$ 132,000
69
$ 174,991
47
$ 174,900
69
$ 226,226
42
$ 225,000
89
$ 273,600
35
$ 274,950
86
$ 325,895
71
$ 325,000
71
$ 379,525
60
$ 379,450
263
$ 436,033
57
$ 439,450
139
$ 474,586
92
$ 472,400
69
$ 530,163
46
$ 527,500
91
$ 580,217
43
$ 579,900
59
$ 636,267
62
$ 639,450
128
$ 681,018
35
$ 679,900
189
$ 1,359,857
118
$ 1,097,500
OFF-MARKET (last 6 mos) [3]
Num
#
Pend
Ratio
Num
#
Num
#
24%
11
28
38
54%
26
81
65
36%
83
173
77
40%
59
142
45
46%
23
73
24
36%
15
51
19
50%
10
31
17
59%
13
18
37%
10
19
30%
10
11%
25%
25%
31%
7%
18
11
321
38%
291
655
ABSORPTION RATE
(months of inventory)
SOLD/CLOSED (last 6 months) [4]
Days
on
Market
Original
List
Price
Final
List
Price
Sold/
Closed
Price
ListSale
Ratio
144
39,271
34,281
28,740
84%
128
37,400
37,400
31,750
85%
83
92,665
84,310
78,932
94%
47
90,000
80,900
80,000
99%
87
$ 139,017
$ 132,463
$ 127,052
96%
60
$ 139,900
$ 134,999
$ 130,000
96%
69
$ 180,847
$ 176,457
$ 170,351
97%
52
$ 179,900
$ 174,900
$ 168,500
96%
71
$ 235,128
$ 228,373
$ 219,460
96%
48
$ 230,000
$ 228,143
$ 215,000
94%
81
$ 287,351
$ 283,216
$ 275,347
97%
42
$ 289,900
$ 282,900
$ 274,500
97%
91
$ 335,181
$ 328,868
$ 325,429
99%
51
$ 336,500
$ 335,000
$ 326,000
97%
83
$ 401,222
$ 395,422
$ 376,321
95%
73
$ 402,450
$ 389,000
$ 373,500
96%
59
$ 440,851
$ 435,246
$ 419,267
96%
31
$ 429,000
$ 429,000
$ 415,000
97%
79
$ 499,240
$ 491,240
$ 467,350
95%
51
$ 499,450
$ 497,450
$ 465,000
93%
141
$ 586,960
$ 569,060
$ 523,000
92%
54
$ 589,900
$ 559,500
$ 525,000
94%
85
$ 608,500
$ 583,500
$ 557,500
96%
69
$ 605,000
$ 582,000
$ 550,000
95%
123
$ 678,780
$ 659,960
$ 631,200
96%
67
$ 695,000
$ 674,900
$ 626,000
93%
117
$ 757,000
$ 724,250
$ 670,750
93%
106
$ 749,500
$ 704,500
$ 675,000
96%
156
$ 1,086,909
$ 1,055,091
$ 973,182
92%
62
$ 998,000
$ 998,000
$ 940,000
94%
5.4
2.4
4
4.9
4.4
4.9
3.7
4
3.8
8.4
9.6
18
7.2
16.5
20.7
4.7
Market Averages
96
$ 308,714
84
$ 221,195
$ 214,281
$ 205,072 96%
Market Medians
53
$ 184,900
55
$ 169,900
$ 165,000
$ 160,000 97%
Date Range (Off-Market & Sold) = 12/03/2013 to 06/03/2014
Data believed to be accurate but not guaranteed.
Est.
Mos.
Favors Sellers
Favors Buyers
Status = [1] Active; [2] Contingent, Pending; [3] Withdrawn, Expired; [4] Sold
CountyOrParish = Cuyahoga
PropertySubtype = Single Family
Real Market Reports
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Market Summary Table
REAL ESTATE MARKET REPORT
CUYAHOGA COUNTY
Tuesday, June 3, 2014
Chase Group Real Estate
Keller Williams Greater Cleveland West
matt@chasegrouprealestate.com
440.328.4804
1. PROPERTIES FOR SALE (ACTIVE)
a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.
b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.
c. Current List Price: The price that a property seller is currently asking.
2. CONTRACTS PENDING
a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.
b. Pending Ratio: Sometimes called a list-to-pending ratio. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.
Pending Ratio =
P (Number of Pending Listings)
A+P (Number of Active + Pending)
(P) represents properties that buyers have chosen
(A+P) represents the entire pool from which they have chosen
3. OFF-MARKET
a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to re-offer their property for sale.
4. PROPERTIES SOLD (CLOSED CONTRACT)
a. Number Sold: The number of properties that have gone to a closing in the last 6 months.
b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.
c. Original List Price: The price at which a sold property was originally marketed.
d. Final List Price: The price at which a sold property was marketed just prior to selling.
e. Sold/Closed Price: The price for which a property sold.
f.
List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.
List to Sales Ratio =
Sold Price
Final List Price
5. ABSORPTION RATE / MONTHS OF INVENTORY
a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.
Real Market Reports
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Glossary
