Dan Kalleres, Realtor & Home Stager-NE Ohio!

Welcome to my October 2008 report on the state of the real estate market for Geauga County. Please feel free to refer to last month's posting to watch for changes.

As a service to all potential buyers and sellers, I would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, I've included a few statistics for your review!

YEAH! There...I said it. This month's report has reason to cheer! It's the first month since I've been running these market reports that showed some real, positive improvements! Check it out!

The current trend (as of October, 2008) is a decrease in the number of homes for sale. In October of 2007 there were 813 homes on the market, of which 53 sold. In October of 2008, there were 799 homes on the market (a drop in inventory of 14 homes from last year to this year), of which 70 sold. Did you catch that? The reason to celebrate is that not only did the number of homes on the market DECREASE from one year to the next, but the number of home sales INCREASED from one year to the next! Each one of those factors independently would be good news, but both together is much better! In October of 2007, for those homes that did sell, they were on the market an average of 93 days. For those homes that sold in October of 2008, the average days on market were 108, representing an increase of 15 days from one year to the next (I guess we can't ask for everything!). Refer to the chart below for a visual representation:

What does this mean if you're thinking of selling and you want to be amongst the SOLDs? It's simple!

Welcome to my September 2008 report on the state of the real estate market for Geauga County. Please feel free to refer to last month's posting to watch for changes.

As a service to all potential buyers and sellers, I would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, I've included a few statistics for your review!

The current trend (as of September, 2008) is a healthy decrease in the number of homes for sale. In September of 2007 there were 942 homes on the market, of which 73 sold. In September of 2008, there were 848 homes on the market (a drop in inventory of nearly 100 homes from last year to this year!), of which 52 sold. In September of 2007, for those homes that did sell, they were on the market an average of 96 days. For those homes that sold in September of 2008, the average days on market were 101, representing an increase of 5 days from one year to the next. Note also that last month there were 900 homes on the market, of which 55 sold, compared to 848 homes this month and 52 sales – the number of homes on the market is dropping but the number of sales isn’t dropping at the same rate (and that’s a good thing!). So, the number of homes on the market has reduced and the number of homes sold has reduced as well, but there does seem to be some improvement occurring. Refer to the chart below for a visual representation:

What does this mean if you're thinking of selling and you want to be amongst the SOLDs? It's simple!

Welcome to my August 2008 report on the state of the real estate market for Geauga County. Please feel free to refer to last month's posting to watch for changes.

As a service to all potential buyers and sellers, I would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, I've included a few statistics for your review!

The current trend (as of August, 2008) is a healthy decrease in the number of homes for sale. In August of 2007 there were 1002 homes on the market, of which 101 sold. In August of 2008, there were 900 homes on the market, of which 54 sold. In August of 2007, for those homes that did sell, they were on the market an average of 100 days. For those homes that sold in August of 2008, the average days on market were 77, representing a solid decrease of 23 days from one year to the next. So, the number of homes on the market has reduced and the number of homes sold has reduced as well, but there does seem to be some improvement occuring. Refer to the chart below for a visual representation:

What does this mean if you're thinking of selling and you want to be amongst the SOLDs? It's simple!

The News Herald just published an article that says Forbes Magazine ranked Geauga County as "the nation's fourth-best county in which to raise a family." That's great news, but perhaps not surprising to those of us that currently call Geauga County home.

"A whopping 86 percent of homes are owner-occupied" - that's phenomenal! Isn't the national average running around 70% (and perhaps declining in the wake of so many foreclosures nationwide)?

The article also talks about the rankings being high for Geauga because of "clean air, low crime and a high level of community investment". I can tell you personally, I like Geauga county because the home prices were good, I had room to stretch out and didn't feel like I was always on top of my next door neighbor, the people are friendly and it's easy to get to anything I need, but I'm still in a place that feels like the country. What more could anyone ask for?

If you're thinking about making a move out to Geauga county and would like to learn more, please let me know. I'll be happy to help in any way I can! Yeah Geauga!