So Maybe It's Time To Sell Your Lakewood Home?
This has been a long time coming but maybe it’s time to list your home in Lakewood. Statistics show it is a wonderful time to list a home. As of 9/13/12 there are currently 132 active single-family homes on the market. There are a total of 71 under contract which means the in the next month or so 71 more homes will be sold. Over the past 6 months 222 single-family homes have sold which is 37 per month selling.
Buyers are looking for good homes that can move into. That is the important fact to remember. The buyers want to move right in. You need to have an updated and clean home to get the top price. Those little projects you mean to do? Get them done. Promises to have them finished land on deaf ears. Clean up your yard. Add pots of colorful mums. Clean, clean, clean.
Of the 222 sold 56 of these homes sold within 1 month. That is almost 20% of all available homes selling within a month. The average sales to list price ratio were 95%. This means all 222 of the sold homes had a sales price that was within 5% of the asking price. Theses are all good indicators of a steadily improving market.
Why are people buying? First off people will always need to buy homes. Even during the worst times of this downturn people were buying homes. But more importantly, today buyers are feeling better about their position in the world, the cost of money is at or near historic lows, and they see value. Prices are slightly rising so they act quickly. With the low number on available houses they know if they don’t buy now someone else will. This will bring you a good price in a short span of time.
So ask yourself do you want to sell your home? If the answer is yes or maybe then now is the time to seriously consider putting your home on the market. Go to NorthEastOhioRealtor.com for more information.
I am a Realtor working with Prudential Lucien. My wife Cindy and I have lived in Lakewood since 2004. A former hige end Pastry Chef and College Teacher, I have lived many lives. Both Cindy and I are involved with Lakewood Alive, Live Well Lakewood and The Lakewood Historical Society. We live on Waterbury road with two cats and you can usually find us sitting on our front poarch come evening.