REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
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Sunday, August 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
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REAL ESTATE MARKET REPORT

CUYAHOGA COUNTY
Sunday, August 3, 2014

Chase Group Real Estate

Keller Williams Greater Cleveland West
matt@chasegrouprealestate.com
440.328.4804

262

MARKET SUMMARY TABLE

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

Price Range

601

Low

High

Num
#

$0

$49,999

31

$50,000

$99,999

31

$100,000

$149,999

149

$150,000

$199,999

128

$200,000

$249,999

65

$250,000

$299,999

53

$300,000

$349,999

17

$350,000

$399,999

17

$400,000

$449,999

15

$450,000

$499,999

15

$500,000

$549,999

$550,000

$599,999

$600,000

$649,999

11

$650,000

$699,999

$700,000

42

Market Totals

601

251

PENDING [2]

816

ACTIVE [1]

Days
on
Market

Current
List
Price

85

28,212

81

28,000

116

85,256

59

87,000

87

$ 131,249

56

$ 133,000

73

$ 175,503

54

$ 174,900

87

$ 227,073

43

$ 225,000

82

$ 275,342

66

$ 275,000

46

$ 322,388

53

$ 324,900

75

$ 378,135

49

$ 379,000

218

$ 425,967

47

$ 425,000

145

$ 477,520

61

$ 475,000

104

$ 530,022

96

$ 525,000

129

$ 570,811

87

$ 569,500

83

$ 637,155

73

$ 629,900

176

$ 686,311

64

$ 695,000

171

$ 1,317,640

100

$ 1,024,750

OFF-MARKET (last 6 mos) [3]

Num
#

Pend
Ratio

Num
#

Num
#

14%

37

20

39%

26

87

62

29%

60

193

64

33%

45

194

42

39%

28

97

20

27%

16

66

14

45%

11

46

32%

25

29%

21

38%

11

18%

31%

8%

10%

9%

20

12

262

30%

251

816

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
88%

131

39,005

34,335

30,311

91

37,500

31,300

31,500 101%

98

93,625

84,287

79,480

94%

65

94,900

83,000

82,000

99%

88

$ 136,795

$ 131,612

$ 127,178

97%

60

$ 138,500

$ 134,900

$ 129,000

96%

65

$ 179,766

$ 176,570

$ 172,157

98%

47

$ 179,900

$ 174,900

$ 170,000

97%

68

$ 233,781

$ 228,439

$ 221,412

97%

47

$ 229,900

$ 228,143

$ 219,500

96%

95

$ 285,639

$ 279,134

$ 270,273

97%

54

$ 281,400

$ 278,750

$ 268,700

96%

91

$ 336,113

$ 330,419

$ 324,702

98%

45

$ 338,500

$ 335,000

$ 323,750

97%

94

$ 400,700

$ 391,504

$ 377,848

97%

77

$ 399,900

$ 395,000

$ 380,000

96%

54

$ 438,156

$ 432,132

$ 418,003

97%

31

$ 429,000

$ 429,000

$ 415,000

97%

116

$ 498,491

$ 487,627

$ 469,864

96%

61

$ 499,900

$ 490,000

$ 468,500

96%

107

$ 569,700

$ 558,089

$ 522,167

94%

31

$ 575,000

$ 551,000

$ 525,000

95%

79

$ 599,800

$ 587,800

$ 560,000

95%

52

$ 599,999

$ 599,000

$ 550,000

92%

98

$ 657,829

$ 647,114

$ 626,571

97%

59

$ 649,900

$ 634,900

$ 625,000

98%

91

$ 694,967

$ 681,467

$ 664,042

97%

71

$ 682,450

$ 677,500

$ 662,875

98%

171

$ 1,087,158

$ 1,077,158

$ 958,167

89%

89

$ 996,500

$ 966,500

$ 905,000

94%

5
2.1
4.6
4
4
4.8
2.2
4.1
4.3
8.2
6
10.8
9.4
9
21
4.4

Market Averages

96

$ 297,481

85

$ 223,656

$ 217,858

$ 209,549 96%

Market Medians

59

$ 184,900

53

$ 178,400

$ 174,000

$ 169,650 98%

Date Range (Off-Market & Sold) = 02/02/2014 to 08/03/2014

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
Sunday, August 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