You are currently browsing the monthly archive for December 2008.
Happy New Year from Cleveland Lux homes and The Weiner Real Estate Group!
Please remember to drive safely tonight while enjoying your New Year’s Eve!
Predictions for 2009 are saying that we are going to hit bottom in real estate, but what does that mean for the Shaker Heights Luxury Home Market?
The bottom means different things for a Shaker Heigths Luxury home buyer and a Shaker Heights Luxury home seller.
There is currently 27 months of inventory in the Shaker Luxury market (homes $800,000 and up). There are 9 active luxury listings in Shaker Heights. These homes have been on the market an average of 193 days.
Sellers of these 9 active listings fall into 3 categories with 3 different options for 2009.
1) Motivated sellers: These are the serious sellers that have a plan of where they are going next. In 2009 these sellers will have start to listen to what the market is telling them and lower their list price. These sellers will be successful and sell their homes.
2) Sellers who were just testing the market: Sellers who are “just testing the market” should not keep their home on the market. The sellers in this group will have to decide to move to group 1 and get motivated if they really want to sell, or they will decide to take their homes off the market and stay where they are.
3) Late Bloomers: These sellers choose not to listen to the market. They keep their house priced where it is and let it sit on the market for months.
The bottom in 2009 means one thing for the buyer…
Buyers in 2009 will be able to find a home that in 2008 was priced well over $800,000 now priced significantly below. This will Allow buyers to have an opportunity to “move up” into an even bigger luxury home then they could afford in 2008 and before. Plus the buyer is in the drivers seat during the negotiation.
Mortgage rates will be low in 2009, Prices will be low in 2009 and there are a lot of homes to choose from. So 2009 will remain a buyers market. Make sure you take advantage of it.
To learn how you can buy a Shaker Heights Luxury home please call Erin Snyder Oakley at 216-410-8221 or email info@NoPlaceLikeClveland.com.
From now until January 18, 2009 you can see Artistic Luxury: Fabergé, Tiffany, Lalique at the Cleveland Museum of Art.
Artistic Luxury offers a glimpse into the world of Peter Carl Fabergé, Louis Comfort Tiffany and Rene Lalique. These talents all have their own unique style and are together for the first time since the legendary 1900 World’s Fair in Paris.
More then 300 objects are being displayed. Each designer has their own gallery highlighting their work.
$17 Adults
$12 College Students and Seniors over 65
$8 Children 6-18
The special exhibition will be open the Monday after Christmas plus selected later evenings throughout the show.
To find out more about Shaker Heights Luxury homes or to buy or sell a luxury home in the Greater Cleveland Area please contact Erin Snyder Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com
Currently there are 12 homes for sale in Shaker Heights over $750,000. Here is what the Weiner Real Estate Group believes to be the top 5 benefits to owning a Luxury Shaker Heights home:
1) Shaker’s variety of architectural styles: Depending on your preference Shaker offers homes in many styles. Tudor Revival Style, French Eclectic Style, Georgian Revival Style and English Cottage Style are just some of the more prominent designs.
2) Shaker’s Proximity to Cleveland’s Cultural and Business Centers: Just 8 miles from downtown, Shaker’s tree lined streets allow for quiet living in very close proximity to the essentials in life.
3) Great Community Services: Shaker is known for its community services including a rapid transit systems that takes riders downtown to sporting events, museums and shopping. Shaker Heights is the only suburb on the East side of Cleveland with a rapid transit system.
4) Beautiful Lakes and Parks: Shaker is home to 4 lakes and many beautiful parks. The Nature Center is a great way to learn about all of it.
5) Shaker Heights has a nationally acclaimed school district: Including a 9 time winner of the “What Parents Want” award, plus 17 college level advanced placement classes in which approximately 1/3 of the students participate in. Also Shaker Heights City School District has a 90% college attendance rate.
As you can see Shaker Heights’ proximity to the essentials in life, combined with remarkable schools and fabulous homes make this an extraordinary place to live.
If you would like more information how you could live in Shaker Heights, please contact Erin Snyder Oakley at 216-410-8221 or by email at Info@NoPlaceLikeCleveland.com
Here is the market report for Shaker Heights Luxury homes from September -December, 2008.
Shaker Heights is a premiere suburb of Cleveland, OH. Located just East of downtown Cleveland, Shaker Heights is knownfor its tree lined nieghborhoods and great schools.
Currently there are 35 active listings over $500,000 in Shaker Heights
The average list price of these listings is $798,068.
The highest list price in Shaker Heights right now is $2,450,000.
Since September there have been 3 homes over $500,000 that have sold. The average sale price of these homes was $669,333. Sellers in the luxury market of Shaker Heights are receiving an average of 93% of their list price.
Currently there is nothing pending in the Luxury Shaker market.
Shaker’s spring market starts in January, is your home going to be ready to sell?
Your dream home is out there at incredible prices, are you ready to find it?
If you are interested in learning more about the Shaker Heights Luxury home market please contact Erin Snyder Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com.
Gates Mills is a picturesque suburb in the Greater Cleveland Area with unique luxury homes and properties.
Gates Mills was formed in 1826 and is 8.8 square miles. Within these 8.8 sq. miles Gates Mills has 3 churches, 3 schools, a post office and 2,500 residents. ” The sense of history while living the present and achnowledging the future permeates daily living and enables the Village to meld the old with the new.”
Gates Mills is a part of the Mayfield City School District, along with Highland Heights, Mayfield Heights, and Mayfield Village. Gates Mills is home to one of Mayfield’s elementary schools.
Market Conditions:
Currently there are 25 listings in Gates Mills. The average list price of these homes in $1,599,520. These homes have been on the market for an average of 203 days.
Since September there has been one listing sold in Gates Mills. The sold price was $625,00o and this home was on the market for 82 days.
There are currently no pending sales in Gates Mills.
For more information about buying a home in Gates Mills, OH please contact Erin Snyder Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com
Greater Cleveland Luxury home sales are never going to be the same. Introducing The Keller Williams Luxury Home Division of Greater Cleveland.
Recently, The Weiner Real Estate Group, along with 15 other agents at The Keller Williams Greater Cleveland office created a new concept in Cleveland Luxury Home sales. Instead of relying on a specific agent, we have created a Brain-Trust of Specialists to optimize the sellers success in today’s market!
This Group is not the same old “team” many agents are moving to. The members of Keller Williams Greater Cleveland Luxury Home Division are still individual agents working their own businesses. However, as a brain-trust, we meet weekly to discuss the luxury home market and get insight and feedback from each other.
Some of the things we do together include:
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Tour all the Greater Cleveland luxury homes so we are experts in inventory and pricing.
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When a group member lists a luxury home the other members in the group tell all of their qualified clients about the listing.
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Attend monthly meetings to keep fresh on all the luxury home market news.
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Discuss sucessful stratagies for selling luxury homes.
Homes in the upscale market are often bought and sold by word of mouth. If you hire just one agent, they may know a lot of qualified people, but they can’t possibly know as many qualified buyers as 15 realtors combined do.
For more information on how the Luxury home group sells homes, or to find out how you can sell your Greater Cleveland Luxury Homes please contact Erin Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com
