Cleveland Real Estate on the Rise
Cleveland’s fortunes are looking up, with more than $600 million invested in downtown projects in 2013. Rob Briggs paid $700,000 for his downtown condo with a large deck overlooking the river. Photo: Ricky Rhodes for The Wall Street Journal.
Copyright 2014, Dow Jones & Company, Inc.
Average price per square foot for Cleveland OH was $63, an increase of 1.6% compared to the same period last year. The median sales price for homes in Cleveland OH for May 14 to Aug 14 was $71,750 based on 236 home sales. Compared to the same period one year ago, the median home sales price increased 10.4%, or $6,750, and the number of home sales decreased 53.7%. There are currently 1,612 resale and new homes in Cleveland on Trulia, including 5 open houses, as well as 2,583 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Cleveland OH was $102,514 for the week ending Aug 20, which was unchanged compared to the prior week. Popular neighborhoods in Cleveland include Old Brooklyn and Tremont, with average listing prices of $77,827 and $258,446.-Trulia