In the City of Rocky River, as of March 30, there are 170 homes FOR SALE. The least expensive home listed at $27,000 and highest at $3,900,000.
During this month, 29 homes have gone under contract and are currently pending.
In March, 24 homes have SOLD with an average Sale Price of $158,000. The lowest Sale Price was $26,000 and the highest at $570,000. The average market time is 104 days.
My opinion for this month: Rocky River continues to exhibit signs of a stabilizing market and has shown a healthy increas in the number of sales. Although there has been a decrease in the average sale price, the market remains neutral. Rates are still historically low, around 4% and lenders have begun to loosen their mortgage guidelines. However, with concerns over unemployment and/or a new wave of foreclosures, there remains much caution with consumers.
The good news!!!
- Mortgage RATES are at a record year low, hovering around 4.05%.
WHAT DOES THIS MEAN? If you are currently in the market to purchase a home, YOU SHOULD BE BUYING NOW. Take advantage of the times; nothing lasts forever.
Housing is an excellent, long-term investment. PLEASE remember, all real estate is LOCAL.
There are advantages, for both buyers and sellers. Please contact me if you are considering selling or buying a home in 2012.
If you would like the most recent month's market activity, or, are in need of obtaining a Comparative Market Analysis (CMA) for your home value, please call or email me direct. You may also visit www.colleenrock.com to view local reports and demographic information. FOR DETAILED COMMUNITY INFORMATION visit my website (CLICK on link below)
ZIP Code: 44116 Location Characteristics: Located on the shores of Lake Erie and bordering the Cleveland Metropark System, Rocky River is located within 15 minutes of downtown Cleveland and Cleveland Hopkins Airport. The community is charming and convenient with a diversity in residential housing, from stately, lakefront, brick homes to traditional colonials to fabulous new clusters... such as 'The Hamlets of Rocky River' which epitomize the area's charm, quality of life and prime location. Rocky River offers a wide variety of retail businesses for shopping; corporate facilities as well as other commercial developments; two theaters; fabulous restaurants; and two private clubs (Westwood Country Club and Cleveland Yachting Club). Population: 21,735, average age: 44.3; median income: $51,636, and median housing value of $188,700. FOR DETAILED CITY INFO CLICK ON THE LINK BELOW TO VISIT MY WEBSITE.
About Colleen Rock:
Colleen Rock is consistently a top producer within NE Ohio's Real Estate Industry. Her keen interest in real estate stemmed from her family's business investments which included residential and commercial properties. Colleen's extensive experience and expertise in all areas of the real estate process keeps her on the leading edge of her profession.
A native Clevelander, true to the west side, Colleen's first hand knowledge of the school systems, neighborhoods and communities are one of the real benefits to her clients and customers. She takes the time to understand your unique situation.
Communication is a priority and she leaves nothing to chance. Colleen's active listening skills coupled with her competence, confidence and confidentiality are the fundamentals of her Signature Style.
- Professional of the Year - Award of Achievement - President's Sales Club - Multi-Million Dollar Club - National Sales Award - CRS Designation (Certified Residential Specialist)
"Just as your home is a reflection of you... Your satisfaction if a reflection of me."
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
