REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
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Sunday, July 6

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

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Page 1
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REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
Sunday, July 6, 2014

Chase Group Real Estate

Keller Williams Greater Cleveland West
matt@chasegrouprealestate.com
440.328.4804

294

MARKET SUMMARY TABLE

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

Price Range

564

Low

High

Num
#

$0

$49,999

25

$50,000

$99,999

32

$100,000

$149,999

130

$150,000

$199,999

133

$200,000

$249,999

53

$250,000

$299,999

53

$300,000

$349,999

18

$350,000

$399,999

16

$400,000

$449,999

13

$450,000

$499,999

16

$500,000

$549,999

$550,000

$599,999

10

$600,000

$649,999

$650,000

$699,999

$700,000

38

Market Totals

564

261

PENDING [2]

716

ACTIVE [1]

Days
on
Market

Current
List
Price

93

28,482

86

30,000

136

86,936

67

89,950

88

$ 130,805

55

$ 131,950

65

$ 174,464

46

$ 172,500

97

$ 226,946

51

$ 225,000

70

$ 276,140

45

$ 275,000

56

$ 319,789

38

$ 317,250

67

$ 375,444

59

$ 379,000

233

$ 436,700

55

$ 439,000

136

$ 478,125

78

$ 475,000

99

$ 537,122

72

$ 535,000

87

$ 570,860

60

$ 567,000

70

$ 640,333

68

$ 649,000

181

$ 678,978

45

$ 679,000

186

$ 1,370,386

136

$ 1,147,500

OFF-MARKET (last 6 mos) [3]

Num
#

Pend
Ratio

Num
#

Num
#

26%

34

32

50%

22

74

56

30%

73

181

72

35%

51

167

40

43%

25

83

17

24%

17

60

19

51%

37

11

41%

20

10

43%

17

10

38%

10

31%

23%

18%

31%

12%

19

12

294

34%

261

716

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

138

39,732

34,338

29,665

86%

128

38,700

36,200

31,750

88%

86

92,981

84,158

79,889

95%

48

91,250

82,750

81,500

98%

86

$ 137,707

$ 132,013

$ 127,273

96%

55

$ 139,000

$ 134,900

$ 130,000

96%

75

$ 180,622

$ 177,093

$ 172,188

97%

47

$ 179,900

$ 174,900

$ 170,000

97%

67

$ 234,853

$ 228,967

$ 220,996

97%

44

$ 230,000

$ 228,000

$ 219,000

96%

99

$ 287,301

$ 280,196

$ 271,634

97%

57

$ 284,700

$ 279,900

$ 270,000

96%

106

$ 336,622

$ 329,813

$ 324,292

98%

51

$ 339,000

$ 335,000

$ 320,000

96%

74

$ 400,010

$ 393,645

$ 378,615

96%

45

$ 399,900

$ 399,000

$ 378,750

95%

50

$ 438,963

$ 433,875

$ 419,180

97%

31

$ 429,000

$ 429,000

$ 415,000

97%

140

$ 503,250

$ 485,700

$ 465,750

96%

86

$ 497,450

$ 484,950

$ 466,750

96%

159

$ 584,967

$ 567,550

$ 523,333

92%

81

$ 582,450

$ 559,750

$ 525,000

94%

79

$ 599,800

$ 587,800

$ 560,000

95%

52

$ 599,999

$ 599,000

$ 550,000

92%

110

$ 661,650

$ 649,150

$ 627,667

97%

63

$ 649,950

$ 637,500

$ 625,500

98%

116

$ 738,500

$ 718,250

$ 670,875

93%

106

$ 740,000

$ 699,500

$ 675,250

97%

176

$ 1,192,083

$ 1,162,917

$ 1,021,250

88%

94

$ 1,039,000

$ 1,039,000

$ 942,500

91%

4.4
2.6
4.3
4.8
3.8
5.3
2.9
4.8
4.6
9.6
9
12
9
13.5
19
4.7

Market Averages

96

$ 301,325

88

$ 224,496

$ 217,955

$ 208,592 96%

Market Medians

57

$ 184,900

52

$ 174,950

$ 169,900

$ 167,000 98%

Date Range (Off-Market & Sold) = 01/05/2014 to 07/06/2014

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
Sunday, July 6, 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