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

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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