Latest report of home sales and market trends for the Greater Cleveland SW suburbs.

1. GREATER CLEVELAND HOMES & REAL ESTATE
HOME SALES REPORT - SOUTHWEST SUBURBS – WINTER 2017
Brought to you by LisaHumenik, RE /MAX Crossroads More news at :
Facebook.com/AmazingNortheastOhioHomes
HOME SALES
IT’S A GREAT TIME TO SELL A HOME!
The Northeast Ohio real estate market has changed significantly in the past few years changing to a SELLER’s advantage in most
suburbs. The number of homes available for sale has continued to decline while home sales are increasing which has helped boost sales
prices and decrease market time for home sellers. With mortgage rates at historic lows, a home buyers cost of purchasing a home is lower
and more affordable than ever which is boosting demand. Homes that are in very good condition and that are priced and marketed
effectively are selling fast and for higher prices which is driving up home values. Home owners throughout the area are seeing their homes
value and equity increase which is a welcome change from the past years. All and all.. It is a time to move! This coming year home price
and sales growth is expected to increase, but at a slower pace. Zillow predicts a 3.1% average increase in home values for Cuyahoga
County in 2017. As last year, we expect those increases to be higher in the suburbs with the lowest inventory and highest demand.
HOME PRICES
HOMES SALES UP 8% AND PRICES RISE 4% IN CUYAHOGA COUNTY
The Average Sale Price of Homes sold in 2016 in Cuyahoga County
suburbs is $154,000 up 4% over the average of the year earlier. The
average List Price has increased by over 10% since 2015. Many suburbs
saw double digit sold price increases. The top sales gains/losses were
found in the following SW suburbs (4thQ16 to 4Q15):
HOMES SOLD: Olmsted Falls (+35%), Brook Park (+29%), Brunswick
(+21%), Lakewood (+23%), Parma (+21%). Cities showing sales declines
include North Olmsted (-11%), North Royalton (-14%, and Rocky River (-
2%).
Homes in these markets sold VERY QUICKLY and were (and are) in
strong demand from home buyers.
HOMES PRICES ROSE 4% IN 2016
The average price of a home sold in Cuyahoga County rose 4% in
2016 from the previous year. Many suburbs saw very strong price
gains. The top price gains in the 2016 Greater Cleveland SW
Suburbs are as follows (4Q2016 to 4Q2015):
AVG SOLD PRICE: Very high gains were found in Middleburg Hts.
$171,000 (+20%), Brook Park $110,000 (+20%), Berea - $129,000
(+14%), Olmsted Falls $149,000 (14%) and Parma - $108,000
(+8%) .
Low inventory of homes available has been a strong contributing
factor. If you own a home in any of these areas, you can expect to
earn a great profit on your sale.

2. HOME SALES DATA – COMPARISON OF SW SUBURBS
 Months of Inventory ( based on Closed Sales) = the number of properties for sale divided by the number of properties sold.
Three (3) months or less inventory is a Seller’s Market. A Buyer’s Market is greater than 6 months of Inventory. Balanced = 3 < 6
months inventory.
 Absorption Rate – Percent of Homes for Sale that went under contract (Pending)
CITY NUMBER OF HOMES
FOR SALE
(YE 2016+/- %
TO 2015)
As of 1/1/17
CURRENT MONTHS
OF
INVENTORY*
(Buyer or Seller’s
Market) – 1/1/17
4Q,2016
AVG SOLD PRICE
4Q,2016 - AVG
(% TO SAME
PERIOD 2015)
4Q,2016
# YTD HOMES
SOLD
(% TO SAME
PERIOD 2015)
KEY MARKET TRENDS
BEREA 56
( - 19% )
3.1
SELLER
$129,000 /
+ 11.2%
14% HIGHER INVENTORY / STRONG
SALES & PRICE
APPRECIATION
BROOK PARK 29
(-54%)
1.7
SELLER
$110,000 /
+20%
29% HIGHER LOW INVENTORY /
STRONG SALES & PRICE
APPRECIATION
BRUNSWICK 86
( - 40% )
1.9
SELLER
$186,000 /
(-3.6%)
21% HIGHER VERY LOW INVENTORY /
STRONG SALES
LAKEWOOD 53
(- 34%)
1.0
SELLER
$178,000 /
+10%
23% HIGHER STRONG GROWTH IN
HOME SALES & PRICES
MIDDLEBURG HTS 18
(-54%)
1.4
SELLER
$171,000 /
+20%
-10% LOWER MODERATE PRICE &
INVENTORY SHORTAGE
NORTH OLMSTED 61
(-22%)
2.0
SELLER
$154,000 /
+13%
-11% LOWER PRICING INCREASE &
SALES DECLINE
NORTH ROYALTON 47
(-41%)
4.7
BALANCED
$221,000 /
+9%
-14% LOWER PRICING INCREASE &
SALES DECLINE
OLMSTED FALLS /
TOWNSHIP
68
(-40%)
3.0
NUETRAL
$149,000 /
+14%
35% HIGHER HOMES SALES
INCREASING BUT PRICING
DECREASING
PARMA 203
(- 22%)
2.2
SELLER
$108,000 /
+8%
21% HIGHER GREAT MARKET
RECOVERY - HOME
PRICES AND SALES UP
SUBSTANTIALLY
PARMA HEIGHTS 44
(- 25%)
2.8
SELLER
$110,000 /
+21%
4% HIGHER INCREASED HOME SALES
& PRICE APPRECIATION
ROCKY RIVER 29
(-41%)
1.7
SELLER
$294,000 /
(-31%)
-3% LOWER PRICE DEPRECIATION AND
SALES INCREASES
STRONGSVILLE 93
(-51%)
1.7
SELLER
$220,000 /
+3.8%
17% HIGHER VERY STRONG HOME SALES
GROWTH
CUYAHOGA
COUNTY
3473
(-24%)
3.5
BALANCED
$157,000 /
+6.8%
2% HIGHER HEALTHY SALES &
PRICE APPRECIATION

3. GREATER CLEVELAND - 2017 HOME SALES REPORT - SOUTHWEST SUBURBS
DAYS ON MARKET
DAYS ON MARKET (#DAYS TO SELL) IS DECREASING
The number of days it takes to sell a home has been decreasing as the
market has become tighter and inventory is low. The Days on Market
(DOM) is the number of days from list to close. In the past five years,
total days on market (DOM) peaked at 96 days in 2012 and is now 77
days – a 22% decrease! So we are seeing homes sell significantly
FASTER! With low interest rates and rising prices, it is a great time to
sell. So, if you list your home, be ready to get moving!
CDOM is Cumulative Days on Market and includes if a home was on the
market and then expired and re-listed. Cumulative Days on Market
(CDOM) is the number of days to sell in the current listing period.
Today’s in Cuyahoga County is averaging 99 days from list date to
close.
WHERE HAVE ALL THE LISTINGS GONE?
NUMBER OF HOMES FOR SALE (ACTIVE LISTINGS)
AT 5 YEAR LOWS
The inventory of homes “For Sale” in Cuyahoga County (see CHART)
has been consistently decreasing over the past 5 years. Even with the
positive trends in 2017, we have yet to see the inventory of homes
increase to levels higher than the past five years. At the start of
January, we had 3,300 Single Family homes for sale in Cuyahoga
County compared to 7,500 in 2012 - a 33% decrease! The low
supply of homes for sale has assisted in boosting sales prices and
lowering the time it takes to sell a home. The reasons for the strong
year-over-year home appreciation numbers we have been seeing is
simple to explain: demand for housing is up and the supply of homes
for sale has been at historic lows.
MONTHS OF INVENTORY
CUYAHOGA COUNTY INVENTORY AT 3.4 MONTHS
The Average current market inventory in Cuyahoga County is 3.5 months.
This is a SELLER's market. Most all Southwest Suburbs are now
SELLER’s markets (a Sellers Market is 4 months or less of inventory and a
Buyers Market is more than 6 months of inventory). Markets with extremely
low inventory will mean that a home will sell VERY FAST if listed at the
correct market price (due to less selection available to buyers). Cities with
SEVERE HOME INVENTORY SHORTAGES include:
- Lakewood (1 month)
- Middleburg Hts. (1.4 months)
- Strongsville (1.7 months)
- Brook Park (1.7 months)
- Brunswick (1.9 months)
If you live in any of these suburbs and are contemplating selling - this is a
GREAT time!

4. IMPORTANT INFO FOR HOME BUYERS
If you are thinking of buying a home, check
out all the great local homes for sale at
AmazingNorthestOhioHomes.com and
call me for a lender referral and
professional assistance at (440)476-4959.
HOME BUYER GRANTS & DOWN PAYMENT ASSISTANCE PROGRAMS
NHS GREATER CLEVELAND - Eligible homebuyers can receive down payment assistance in the amount of up to 17% of the
total transaction. The total calculates as purchase price plus 5% of purchase price for closing costs. The homebuyer will be
responsible for a minimum of 3% of the total transaction contribution towards the purchase. The assistance is provided in the
form of a deferred mortgage loan (50% forgiven after 10 yrs of occupancy). Info @ https://www.nhscleveland.org.
CLEVELAND CITYLIFT PROGRAM - Provides eligible homebuyers with $15,000 in down payment assistance on qualified
properties in the City of Cleveland. Income restrictions apply.
OHIO FINANCE AUTHORITY (OHFA) - Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the
home's purchase price. Assistance can be applied toward your down payment, closing costs or other pre-closing expenses.
Down payment assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay
all of the assistance provided. More info at http://myohiohome.org/downpaymentassistance.aspx
There are several programs available for down payment and closing cost assistance to Northeast Ohio homebuyers who
qualify. Here are details on a few of the available programs:
Whether you are a first time home
buyer or repeat buyer, the first step in
the process is to get pre-qualified for
a mortgage. This is necessary
before you can approach a seller with
an offer to purchase a home.
2017 MORTGAGE RATE FORECAST
Interest rates are projected to increase slightly over the course of 2017. The experts predict that home prices will
continue to appreciate for the remainder of the year (but at a slower pace than in 2016). If these trends accelerate,
families could wind up paying somewhat more in a monthly mortgage payment for their home by waiting until later or next
year. This year (especially early in the year) is a good time to make a move because of rising resale values and
affordability to purchase (especially compared to renting). Recently, The Mortgage Reports averaged six prominent
2017 predictions for 30-year fixed rate mortgages. The concensus: rates would hover between 4.0% and 4.25% this year.
Today's rates are still historically near-bottom. Freddie Mac reports that the 30-year fixed conventional loan rate stands at
just over 4%, falling each week thus far into January. Compared to the 8.25% average during the last forty-five years,
rates are currently at a historically low discount.
In many markets, rents are rising to unsustainable levels, reports the National Association of Realtors (NAR). "In the past
five years, a typical rent rose 15% while the income of renters grew by only 11%.“. Today buying is 38% cheaper than
renting nationwide, and buying is cheaper than renting in all of the 100 largest metros. In the Cleveland & Akron metro
areas it is 58% cheaper to buy verses rent. A great resource to compare what is a better for you is to visit Trulia’s
online “Rent vs. Buy” Calculator at: http://www.trulia.com/rent_vs_buy/

5. SELLING YOUR HOME
If you are thinking of selling your home, my Home Marketing Program attracts MORE interested buyers to your home
with today's most effective and ADVANCED real estate marketing techniques with results that are Guaranteed! Here's why
the smart seller program is unique:
SELLING BY OWNER?
SPONSORED ONLINE ADVERTISING - Over 90% of buyers look for a home on the Internet first before requesting a
showing for your home! My clients receive extensive online advertising 24x7 on REMAX.com, Realtor.com,
Cleveland.com, Zillow.com, Trulia.com, and on over 500 affiliated internet websites. By showcasing your home, your
home will appear highest in buyer searches, tripling the number of buyers who will see your home.
WIDE ANGLE LENS PHOTOGRAPHY - Interior & exterior pictures taken with a wide-angle lens professional
camera producing “magazine quality” pictures which showcase your home in the best way possible. Your 1st
showing
of your home is online, it is imperative that your home shows better than others
VIDEO MARKETING - A Video of your home will be taken by a professional photographer. Your
professionally produced video will include music and great photography highlighting your home’s best
features. Your 1st Showing is online, so when the buyer comes in person, they will come ready to buy.
YOUR HOME’S EXCLUSIVE WEBSITE - An exclusive website will be created just for Your
Home, eg.. "YourAddress.com". The website for your home will allow your video, pictures,
description, neighborhood information, and any other relevant info to be showcased in one
place. Your home will have its own web address (URL) which buyers can use to search for
your home directly on the internet, i.e. http://123YourAddress.com.
SOCIAL MEDIA ADVERTISING on Facebook, Instagram, and Twitter targeted at local buyers - creating a BUZZ
around your listing! Paid social media promotion is a important element of a successful marketing plan. Sample
promotions include: Facebook “Promoted Posts” and "Just Listed" Announcements of your home’s listing and Video
to targeted home buyers, Instagram photos shared on the web, and fan page promotion.
SHORT TERM LISTING - You will not be asked to sign a long-term listing agreement. I am so sure you will be happy
with my services and that your home will sell quickly, we can agree to a short-term agreement (as short as 90-180
days) to get your home SOLD. Also, you can cancel at ANY time.
CUSTOMER FEEDBACK by RealSatisfied® - Your complete satisfaction is my #1 Priority and we
strive to get better every day. Every client is asked to complete a 3rd party independent post-sale
customer satisfaction survey by RealSatisfied® so they can tell us what they loved most and identify
any ways we can get even better.
100% HAPPINESS GUARANTEE - You will LOVE our services and will want to tell your friends and family!
However, if you change your mind for ANY reason, you can cancel your listing agreement anytime!
If you are currently selling your home By Owner, check out my Smart Seller Program. Here’s how it works:
1. You continue to market your home to find a buyer by yourself “By Owner”.
2. Plus, you allow me to concurrently market your home to the 25K+ buyers online, in print, and on social media. I will provide
you with a full fledge marketing program to sell your home for the highest price … BEFORE you do. If I find the Buyer, you pay
me the agreed Commission if you accept the offer on your home. In addition, the sales, showings, and closing process will be
all handled for you… from Listing to your home’s Closing! If YOU find the Buyer, then you pay me NOTHING! We withdraw
your MLS listing and you sell by Owner. No Strings Attached. No contractual obligation. Check out SmartSellerOffer.com.

6. Download the complete Market Trends Report at NortheastOhioMarketReport.com
YOUR HOME MAY BE WORTH MORE NOW!
CHECK OUT OUR NEW WEBSITE & FACEBOOK PAGE!
CONTACT INFO
PHONE: (440)476-4959 * EMAIL: lisahumenik@gmail.com * WEB: http://lisahumenik..com
http://facebook.com/lisamariehumenik or FANPAGE@ http://Facebook.com/AmazingNortheastOhioHomes
http://linkedin.com/in/lisahumenik * New BLOG COMING SOON!
GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS
WONDERING WHAT YOUR HOME IS WORTH NOW?
Market conditions have changed dramatically over the past few years
– especially in the Southwest Suburbs. The GOOD NEWS is… most
likely your home may have gone up in value! If you would like a
current professional estimate and/or neighborhood value report,
please contact me at (440)476-4959 or lisahumenik@remax.net.
Looking to Buy a Home? Our RE/MAX home search
Website has recently been improved to allow even easier
navigation to find homes for sale. You can subscribe for
daily updates of “JUST LISTED” homes and get tons of
neighborhood data to assist you in your home search.
Check it out at: http://LisaHumenik.com or
AmazingNortheastOhioHomes.com.
AMAZING NORTHEAST OHIO HOMES
FACEBOOK PAGE
Also, my Facebook Page features up-to-date news on the real
estate market in Greater Cleveland and the latest HOT new
home listings. All the newest home listings are featured and
showcased to local home buyers.
Check it out and “LIKE” my page and check it out at:
http://Facebook.com/AmazingNortheastOhioHomes

7. Download the complete Market Trends Report at NortheastOhioMarketReport.com
YOUR HOME MAY BE WORTH MORE NOW!
CHECK OUT OUR NEW WEBSITE & FACEBOOK PAGE!
CONTACT INFO
PHONE: (440)476-4959 * EMAIL: lisahumenik@gmail.com * WEB: http://lisahumenik..com
http://facebook.com/lisamariehumenik or FANPAGE@ http://Facebook.com/AmazingNortheastOhioHomes
http://linkedin.com/in/lisahumenik * New BLOG COMING SOON!
GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS
WONDERING WHAT YOUR HOME IS WORTH NOW?
Market conditions have changed dramatically over the past few years
– especially in the Southwest Suburbs. The GOOD NEWS is… most
likely your home may have gone up in value! If you would like a
current professional estimate and/or neighborhood value report,
please contact me at (440)476-4959 or lisahumenik@remax.net.
Looking to Buy a Home? Our RE/MAX home search
Website has recently been improved to allow even easier
navigation to find homes for sale. You can subscribe for
daily updates of “JUST LISTED” homes and get tons of
neighborhood data to assist you in your home search.
Check it out at: http://LisaHumenik.com or
AmazingNortheastOhioHomes.com.
AMAZING NORTHEAST OHIO HOMES
FACEBOOK PAGE
Also, my Facebook Page features up-to-date news on the real
estate market in Greater Cleveland and the latest HOT new
home listings. All the newest home listings are featured and
showcased to local home buyers.
Check it out and “LIKE” my page and check it out at:
http://Facebook.com/AmazingNortheastOhioHomes