REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
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Sunday, November 3

2013

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

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Page 1
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REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
Sunday, November 3, 2013

Chase Group Real Estate

Keller Williams Greater Cleveland West
matt@chasegrouprealestate.com
440.328.4804

219

MARKET SUMMARY TABLE

A = Average Value
M = Median Value
N/A = Not Available

Price Range

506

Low

High

Num
#

$0

$49,999

24

$50,000

$99,999

37

$100,000

$149,999

135

$150,000

$199,999

107

$200,000

$249,999

39

$250,000

$299,999

34

$300,000

$349,999

16

$350,000

$399,999

16

$400,000

$449,999

19

$450,000

$499,999

$500,000

$549,999

$550,000

$599,999

14

$600,000

$649,999

$650,000

$699,999

$700,000

42

Market Totals

506

335

PENDING [2]

1018

ACTIVE [1]

Days
on
Market

Current
List
Price

96

24,463

61

28,950

110

84,246

69

89,900

124

$ 127,817

93

$ 129,000

104

$ 173,689

69

$ 171,000

93

$ 226,905

72

$ 228,500

118

$ 278,518

66

$ 279,250

101

$ 333,017

58

$ 332,450

158

$ 380,606

84

$ 383,750

187

$ 430,242

79

$ 429,900

164

$ 481,038

98

$ 482,450

149

$ 525,350

96

$ 524,950

175

$ 580,821

173

$ 577,450

161

$ 642,269

164

$ 649,700

273

$ 688,957

192

$ 695,000

215

$ 1,295,669

137

$ 1,097,500

OFF-MARKET (last 6 mos) [3]

Num
#

Pend
Ratio

Num
#

Num
#

14%

14

41

31

46%

22

89

67

33%

103

274

42

28%

75

225

22

36%

32

126

20

37%

17

101

36%

13

47

27%

10

26

24%

21

11%

15

33%

11

19

19

335

1018

0
1

20%

30%

11%

219

30%

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

82

31,027

27,498

89%

70

32,000

26,800

84%

70

85,870

79,221

92%

51

89,900

82,250

91%

70

$ 132,364

$ 127,526

96%

47

$ 133,625

$ 128,250

96%

74

$ 177,081

$ 172,427

97%

41

$ 175,000

$ 170,000

97%

67

$ 232,697

$ 224,481

96%

33

$ 234,243

$ 224,000

96%

86

$ 279,755

$ 274,973

98%

35

$ 280,000

$ 275,000

98%

59

$ 334,251

$ 322,234

96%

43

$ 334,900

$ 320,000

96%

46

$ 389,504

$ 379,055

97%

15

$ 391,250

$ 383,367

98%

113

$ 439,622

$ 422,319

96%

62

$ 439,900

$ 420,000

95%

53

$ 483,313

$ 467,600

97%

37

$ 484,900

$ 460,000

95%

45

$ 548,771

$ 521,786

95%

17

$ 535,000

$ 525,000

98%

79

$ 598,938

$ 568,875

95%

30

$ 599,000

$ 565,550

94%

89

$ 670,609

$ 633,091

94%

49

$ 664,900

$ 640,000

96%

69

$ 706,550

$ 670,625

95%

45

$ 697,250

$ 669,500

96%

87

$ 1,160,979

$ 1,049,553

90%

58

$ 845,000

$ 790,000

93%

3.5
2.5
3
2.9
1.9
2
2
3.7
5.4
3.2
3.4
10.5
2.2
5.3
13.3
3

Market Averages

130

$ 303,057

73

$ 224,597

$ 215,452 96%

Market Medians

81

$ 174,900

43

$ 174,900

$ 170,000 97%

Date Range (Off-Market & Sold) = 05/05/2013 to 11/03/2013

Data believed to be accurate but not guaranteed.

Est.
Mos.

Favors Sellers

Favors Buyers

Status = [1] A; [2] C, P; [3] X, W; [4] S

Area = 201, 202, 203, 204, 205, 305
Property Subtype 1 = SING

Real Market Reports

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Market Summary Table

REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
Sunday, November 3, 2013

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.

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Glossary