If Not Now, When? Lakewood Real Estate Continues To Grow

The Summer of 2014 is going to be one to remember! Cleveland, yes Cleveland, lands the Republican National Convention. LeBron chooses to come back home. Warren Buffett and Berkshire Hathaway invest in the local real estate market. There's a bit of a renaissance going on in Cleveland. And as one local person has put it, what's good for Cleveland is good for Lakewood!

This summer, local unemployment continues to improve. Restaurants are packed. Lakewood Alive's Summer Meltdown was a huge success, again! Schools are being renovated. New construction continues at Clifton Pointe. And the real estate market continues to improve!

As of July 14th, there have been 212 sales of homes in Lakewood. The average market time is only 87 days. Quality homes, priced appropriately, are continuing to sell quickly. What's more impressive, however, is not only that the average home is selling for over 97% of list price, but that the average sales price is up to $158,200 AND the median sales price is continuing to increase. Year to date, the median sales price is already up over 4% as compared to last year, and remember, 2013 was nothing to sneeze at!

Lakewood is looking at another solid year, with nearly 300 homes already sold or under contract. Keep yourself informed with the market at www.HomeValuesInLakewood.Info.

So the question is, are you sold on Lakewood yet? If not now, when??

Chris Bergin is a licensed real estate agent with Berkshire Hathaway HomeServices/Lucien Realty in Lakewood and can be reached at Chris@ChrisBergin.com.

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Volume 10, Issue 15, Posted 10:32 PM, 07.22.2014