Feb

24

Great Opportunity for First Time Buyers

Posted by Lori Schwarz under For Buyers, General Information

Buyers take note. As of this writing we are actively trying to get the word out that qualifying first time home buyers can take advantage of the $8,000 tax credit.  Think of that as a great price reduction!  You can even ammend your 2008 return if you have already filed for 2008.

Now is a great time to get out of renting. Buyers do need to have some money in reserves of at least 3.5% for FHA guidelines of minimum downpayment.  So on a $100,000 that is $3,500 plus closing costs. 

I was amazed that this is a credit and does not have to be repaid as the other previous plan that was available. So don’t wait 2009 is the time for first time homebuyers as we have wonderful choices of homes in Medina County waiting for a new occupant!

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Oct

2

Medina County Real Estate Sales 2007 vs 2008 to date

Posted by Lori Schwarz under For Buyers, For Sellers, For Realty Professionals, General Information

Medina County like other parts of Northeastern Ohio have endured the effects of slowing sales but the numbers tell the true story as we enter the 4th Quarter of 2008.  We are experiencing a nearly 35% decline in number of unit sales in single family homes in the first 9 months of 2008 vs. same time last year.  The average sale prices remain slightly down.  An area by area breakdown follows.

 Market Activity Report – Totals by Area January 1, 2007 – Sept. 30, 2007 

Area

 Listings Sold Expired Pending Avg Price Avg Sale Price

Brunswick

859

370

403

398

$178,718

$174,091

Medina City

760

316

380

321

173,941

167,996

Medina Twp

242

83

113

91

244,757

232,828

Hinckley Twp

145

47

65

56

343,773

328,296

Granger Twp

97

29

51

32

335,952

315,753

Sharon Twp

104

34

52

36

387,668

367,906

Montville Twp

349

140

206

145

288,824

279,593

Liverpool Twp

91

23

51

26

245,661

231,037

Litchfield Twp

45

19

24

20

202,932

195,016

York Twp

64

21

27

24

238,549

236,615

Lafayette Twp

82

37

44

39

213,156

208,190

Spencer Twp

34

11

21

11

144,418

134,354

Chatham Twp

27

5

18

6

182,680

179,840

Chippewa Lake

34

10

18

9

63,610

55,016

Briarwood Beach

4

1

2

1

99,900

94,500

Gloria Glens

13

4

5

6

62,825

57,376

Homer Twp

14

2

6

2

309,250

300,000

Lodi

44

19

11

22

148,387

143,170

Harrisville Twp

16

5

5

6

175,900

169,480

Westfield Ctr

25

3

12

3

231,567

224,333

Westfield Twp

30

9

26

10

236,744

219,761

Seville

72

31

32

31

145,917

139,062

Guilford

24

10

14

12

196,070

181,690

Wadsworth

470

209

215

213

178,409

174,079

  
 

   Market Activity Report – Totals by Area January 1, 2008 – Sept 30, 2008 

Area

 Listings Sold Expired Pending Avg Price Avg Sale Price

Brunswick

703

246

358

323

168,937

162,821

Medina City

489

180

276

222

176,940

170,385

Medina Twp

208

73

122

91

252,787

241,201

Hinckley Twp

99

24

73

38

418,121

381,541

Granger Twp

64

16

47

23

316,689

301,438

Sharon Twp

75

28

56

35

363,793

351,786

Montville Twp

299

79

175

94

296,409

285,360

Liverpool Twp

77

22

59

26

278,268

262,223

Litchfield Twp

38

15

20

14

156,377

148,700

York Twp

41

11

32

17

175,917

166,254

Lafayette Twp

64

22

40

28

201,277

192,275

Spencer Twp

32

12

9

13

147,061

142,058

Chatham Twp

22

6

9

7

273,783

248,667

Chippewa Lake

16

8

12

8

96,925

89,994

Briarwood Beach

3

0

0

0

0

0

Gloria Glens

8

2

4

2

35,125

29,375

Homer Twp

10

4

8

7

224,250

210,216

Lodi

42

15

20

20

124,707

119,237

Harrisville Twp

14

2

11

4

234,900

218,950

Westfield Ctr

21

3

17

3

296,267

286,667

Westfield Twp

31

8

14

10

148,669

144,113

Seville

66

24

30

28

147,192

143,166

Guilford

12

2

7

3

189,950

171,250

Wadsworth

308

131

169

177

168,583

162,425

  

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Sep

29

Welcome to Lori Schwarz’s Blog!

Posted by Lori Schwarz under For Buyers, For Sellers, For Realty Professionals, General Information

Welcome to Lori Schwarz’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Strongsville.

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