Greater Cleveland Real Estate Blog

Here are m ore pictures from the Twins Days in Twinsburg OH in addition to my post about the Twins Days in Twinsburg.

I am very glad that residents and guests of this wonderful city will have another day of fun with twins from all over America!

Twin Days in Twinsburg, OH started first in 1976. Since that time each year twins, their relatived, friends and fans gather together at first weekend of August to take part in contests, show their talents and have fun!

Twins festival of 2009 rocks and rolls despite a rainy weather in Twinsburg.

Such a wonderful day full of fun and joy!

It's still a good time to join! It takes place mostly at Twinsburg Schools Campus. Public parking is right there at Ravenna Rd.

That's a great start of 2009 for Cleveland Real Estate market and for me! Another two sales completed, buyers received the keys, moved to their new homes. These were the lucky and relatively smooth transactions. Happy starts and happy endings. I represented very solid, qualified, willing and reasonable buyers in these cases.

I believe, David Knox mentions in one of his videos that there are knowers and there are learners. Knowers know everything, learners know that they know nothing and keep learning. Although I think sometimes that I know everything, I keep learning every day from every new client and every new transaction.

Few quick observations and important lessons learned from these sales.

1. It's not so many active agents on the Cleveland Real Estate market! What a relieve and a pleasure working with the agents today. Most of them - at least those who really sell - are very professional, knowledgeable and nice to work with.
2. Agents who are only working on acquiring more experience, are getting a very good Real estate school: punctuality, quick response time, professional e-mail signatures, very solid web sites - these are all very good lessons learned in this school. That's impressive.
   
3. Experienced agents (including myself) sometimes make stupid assumptions. That happened in my last sale when sellers took away washer and dryer because they just did not go through the contract, which clearly stated that these appliances should stay. They and their agents - very good and experienced team - assumed that buyers did not ask for washer and dryer because they were not listed in MLS. That happened mostly because the sellers were out of town when offer was received, and I had no chance to present it in person, as I prefer to do. Personal presentation of the offer by buyer's agent leave no place for any wrong assumptions or misunderstandings regarding the terms and conditions.
   
4. Experienced agents are good in finding the right and quick solutions for almost any situations. We found one, too.  I am very gald that both parties were represented by right professionals and, as a result, everyone is happy.

The lesson which I learned from this situation is:

REFRESH THE CHECK LISTS! IT IS A GOOD IDEA TO INCLUDE THE OUTLINE OF THE OFFER IN THE COVER PAGE ESPECIALLY WHEN YOU SUBMIT YOUR OFFER ELECTRONICALLY OR BY FAX. DO NOT RELY ON OTHER PEOPLE'S ATTENTION TO DETAILS.

Need to buy in Twinsburg, Solon or other communities of Greater Cleveland? Call Local-n-Global Real estate Hotline 877-770-5551 or e-mail to: Realty@Local-n-Global.com.

Real Estate Sales statistics is one of the most powerful tools good Real Estate agents use. Thanks to strict rules and members' being mostly responsible, we have a real solid data in our local MLS data base.

About a year ago I published the historic sales statistics for few Greater Cleveland suburbs: Twinsburg, Mayfield Heights and Solon. As we have sales data for the whole year of 2008 now, it's interesting to see how these great cities were doing. 

Let's start from Twinsburg Real Estate. Was 2008 a real bad year for  this young, dynamic, growing city?

Yes, number of units sold sales dropped in 2008 in comparison with 2007 about 25 %. However, statistics for the whole Summit County is much worse. According to data provided by NORMLS and Realist tax data services, Summit County lost about 35 % of sales in 2008 comparing to 2007. Twinsburg is still very popular city and desirable destination for many young professionals, families with children and retirees. Twinsburg Schools system is doing great.

Let's look at it from another angle. Average Sold price was relatively stable for Twinsburg during last five years. Buyers paid respectable $210,341 for the average home in Twinsburg in 2008, which is about 7 % lower than in 2007. Average sold price for Summit County  was $130,500 for single family residence and $130,000 for condominium. However, it's more relevant to compare sold prices in Twinsburg and in its neighbor Solon.

Solon's statistics is great in terms of units sold. Buyers of homes in Solon purchased 262 units in 2008 in comparison with 245 in 2007. However, average sold price was $326,776 in 2008 while it was $368,829 in 2007. Impressive almost 13 % loss.

The only sector of Twinsburg Real Estate which is losing its positions is Condominium sales. Condo prices dropped from $172,587 in 2004 to $144,427 in 2008. Buyers paid $160,132 for average condo in Twinsburg in 2007. Unfortunately, condominiums in Greater Cleveland are keeping to be the biggest losers. 

Market for single family homes in Twinsburg, especially for houses built in 1995 and later is still very stable and good. 67 single family homes built in 1995 and later were purchased in 2008 for average price of $284,861 which is slightly lower than in 2007. Just look at the data for the similar houses sold in previous years:

2004 - $300,822; 88 houses sold

2005 - $289,000; 74 houses sold

2006 - $303,550; 75 houses sold

2007 - $306,028; 78 houses sold

2008 - $284,861; 67 houses sold.

As we see pretty high buyers' activity in Twinsburg in January of 2009, I think this year promises to be not bad at all.

Need to sell your home in Twinsburg or Solon?

Please call Local-n-Global Real Estate Hotline 877-770-5551.

You may call Svetlana Stolyarova directly 216-548-4663.