Shaker Heights is a just 8 miles from Downtown Cleveland and offers great schools and great city services. It is the only suburb on the east side of Cleveland with a rapid transit system.

Shaker Heights OH Area Information:

Shaker Heights Boundaries:

• East: Sulgrave
• West: Larchmere
• North: Fairmount
• South: Scottsdale

Map of Shaker Heights

Shaker Heights Is:

• Close to 4 lakes and plentiful parks
• Minutes from University Circle where you can find museums and world class health care
• Is home to 29,000 residents
• Ohio's first planned Garden city
• A School District that is nationally acclaimed

Shaker Heights Real Estate Information:

Shaker has 7,696 private homes and 4,285 rental properties.  Styles of homes include, Colonials, Ranches, Split Levels and Cape Cods.  Shaker is known for its extraordinary architecture.  One of the more well known architects to design homes here was George M. Burrows.

Shaker Heights Real Estate Market Information:

Active  homes for Sale in Shaker Heights:

• Number of Homes for Sale: 373
• Average Asking Price: $265,627
• Highest List Price: $2,450,000

Sold Homes in Shaker Heights since September 2008:

• Number of Homes Sold: 20
• Average Asking Price: $165,194
• Average Sold Price: $150,395
• Average SP/LP (what % of asking price did homes sell for): 92%
• Average Days on the Market: 112

Conclusion: Shaker Heights is a neighborhood that offers tree lined streets and a great location.

Read Also:

http://www.shakeronline.com/home.asp

http://en.wikipedia.org/wiki/Shaker_Heights,_Ohio

http://noplacelikecleveland/shaker_Heights

Search Homes for Sale in Shaker Heights Ohio

Sell Your Shaker Heights Home

For more information about Shaker Heights Homes or homes in the Greater Cleveland area please contact Erin Snyder Oakley at 216-410-8221 or by email: Erin@NoPlaceLikeCleveland.com

29399 Jackson Rd.  Orange OH 40022

·         3 Bedrooms and 2.5 Baths

·         2255 Sq. Ft.  on Over 1 acre

·         Orange School District

·         MLS:  2482348

·         $273,000

One Floor Living at its best!

 Sitting on over 1.5 acres of land this lovely ranch is ready for your personal touch.   The kitchen has lots of cabinet space with newer appliances.   There is a large family room with built-ins and sliding door to the back yard. There is also a separate furnace and air condition unit for the family room and bedrooms.  The house has Stanek windows throughout.  29399 Jackson is a great location.  Close to shopping, School and the highway.   

More Photos and Information on 29399 Jackson Rd. in Orange;

http://NoPlaceLikeCleveland.com/featured_listings1

Search For Homes for Sale In Pepper Pike and Orange

For More Information on this home for sale in Orange, OH please contact Erin Snyder Oakley at Keller Williams Realty: 216-410-8221 or Email: Erin@NoPlaceLikeCleveland.com

Pricing a home in the Greater Cleveland Area is done in three easy steps. 

Price and condition are the only factors that will lead to a successful sale in Cleveland's shifting market.  Condition is pretty self explanatory, so let's talk about price and how we come up with one.

Step 1:

The Weiner Real Estate Group Interviews the Seller:

What did the seller pay for the house? 

How long have they lived in the house? 

What is left on the mortgage?

What improvements have you done?

WHEN DO YOU WANT TO MOVE?

Price has a direct correlation with days on the market. If you picture a price triangle the top would be 1 day on the market and the investor price or about 70% of the list price.  Working down to the fattest part of the triangle you would have 100% of market time and the highest price. The seller's price should fall around the amount of time they would like to move.  If they need to be out in three months, they need to be closer to 70% of the highest possible price to get it sold quickly.

Step 2:

Comparative Market Analysis (CMA)

A CMA takes the neighborhood of the subject home, for example Shaker Heights, and compares the prices of the all homes that have recently sold in Shaker Heights, all the homes that are pending (under contract but haven't closed yet), homes that have expired, or not sold, and the homes that are currently active on the market in Shaker Heights. We make sure that the homes we look at are the same style and have some of the same features as the subject party.

Each of these categories tells a story.  First the recently sold properties are success stories. These are the people that were able to find a buyer and move on with their life.  This gives us a pretty good idea of what a buyer is willing to pay for houses in the area that are similar to the subject.  Pending houses tell us a little different story.  Since they have not closed yet, we do not know how much they have sold for; we only know that the price of the house was good enough to make someone write an offer.

Expired homes, tells us another important story. These are homes that have failed, for whatever reason buyers have said they do not want that house.  (Our job is too keep sellers off this list.)  

Finally the homes on the market that have not sold yet are considered to be competition for the subject property.  The subject property must look better and priced better then all the rest that are currently on the market.

Step 3:

Putting it all Together:

We take all the figures from the recently sold, to the current actives and come up with a price range that would fit the subject property.  It is then up to the seller of the house to come up with a price that he is comfortable with. 

There you have it, 3 steps to pricing a home in the Cleveland Market. 

For more information on pricing or if you would like to know what your home should be priced at please contact Erin Snyder Oakley at 216-410-8221 or Erin@NoPlaceLikeCleveland.com

Did The World's Highest Priced Home Finally Sell?

Priced at $750 Million a French Riviera Villa is the most expensive on the market in the world.  Forbes.com has the story:

http://www.forbes.com/realestate/2008/08/11/riviera-home-sale-forbeslife-cx_mw_0811realestate.html

What makes this particular villa--built with spoils of Belgian pillaging in Africa under Leopold II-- particularly desirable are its 20 acres of land. This is something impossible to find on the Riviera without combining properties.

No where in the world has a home even come close to selling for $750 Million.  The most expensive home to sell in the U.S. was Palm Beach mansion Casa Apava which sold for $70 Million.  http://www.forbes.com/2004/11/05/cx_cd_1105movers.html

The Real Estate World is a buzz with this news. Some believe the buyer to be a Russian oligarch.  This purchase price nearly doubles the old record. 

INTRODUCING KELLER WILLIAMS GREATER CLEVELAND LUXURY HOME DIVISION! 

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 and their individual abilities, we have created a brain-trust of specialists to optimize the sellers success in today's market. 

We use the word brain-trust (a phrase that one of the group's members made up) because we are not the same old "team" you keep hearing about.  The Keller Williams Greater Cleveland Luxury Home Division is still individual agents working to get houses sold.  However, as a brain-trust, we meet weekly to discuss the luxury home market and get insight and feedback from each other. 

We tour all the Cleveland luxury homes so we are experts in inventory and pricing.  When a group member lists a luxury home we are the first to tell all of our qualified clients about the listing. Homes in the upscale home 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.

 We also have a home stager in the group so our luxury listings look great in a buyers eye.

If you would like more information regarding Cleveland luxury home sales or if you are looking to buy or sell a house in Cleveland please call Erin Snyder Oakley at 216-410-8221. or email Erin@NoPlaceLikeCleveland.com

Sean Hadley is The Weiner Real Estate Group's trusted mortgage partner.  We like to think of him as part of our team. Any and all mortgage questions should be directed to him. He has agreed to give us some insight on the new bill Pres. Bush just signed.  Here is what he says:

Last week President Bush signed into law H.R. 3221, the "Housing and Economic Recovery Act of 2008,"

At nearly 800 pages in length, the finance world is still digesting the bill???s content. Here are a few highlights to take note of as a homebuyer, homeowner, or realtor.

• $7,500 Tax Credit ??" First Time Buyers (defined as those who have not owned property in the prior 3 years) may be entitled to a $7,500 tax credit. Eligible are those buying their first home before June 30, 2009. There are strings attached. The credit would be repaid @ $500/year for the next 15 years. It is more like an interest-free loan. The amount that has to be repaid may be forgiven under certain circumstances. For example if the house is sold at a lesser value than the original price. The full $7,500 credit is for single borrowers with income up to $75,000 and Married borrowers with income up to $150,000. The credit phases out for higher income levels

• Each year the conforming loan limits are examined and in recent years the limit has increased. It looks like the conforming loan limit will remain @ $417,000 come next January. In certain high-cost areas, primarily outside of Ohio, the limits may be higher

• National Licensing - Ohio and several other States have their own licensing systems for lending and brokering mortgages in place. There will likely be a national standard across the board.

• FHA Modernization ??"

1. Elimination of Seller Funded Down Payment Assistance Grants. (i.e. Nehemiah, Ameridream, Liberty Gold) The cutoff date for these programs is October 1^st. It is unclear if loans currently using these grants would have to be closed by October 1st or if there is a grandfather process for loans already in process. I will let you know when clearer information is provided. FYI, loans using these types of assistance have foreclosure rates three times the standard FHA foreclosure rate.

2. FHA Minimum down payment will be raised from 3% to 3.5%. No effective date has been released for this adjustment.

3. There will be some adjustments to the FHA Upfront Mortgage Insurance Premium. As of mid July, the UFMIP???s were adjusted based on your credit score and down payment. This may be changed, likely increased and the same for all buyers across the board.

4. Hope for Homeowners ??" FHA will be throwing a lifeline for those upside down on their mortgage and in danger of foreclosure. The current lender would be taking a loss, and future upside equity would be shared. I will have much more information on this as more details are released.

As your trusted mortgage partner, rest assured that I will keep you informed on the details of this bill, and how it affects you as a realtor, homeowner or home buyer. If you have any questions or concerns as to how this bill will affect you please do not hesitate to contact me at Shadley@HeritageMS.net

I knew I was right when my  mom and I started saying there is No Place Like Cleveland!  If you haven't seen today's Plain Dealer Friday Magazine you should.  They  have compiled some of the best things written about Cleveland. 

http://www.cleveland.com/goingout/index.ssf/2008/07/clevelands_best_as_seen_throug.html

If you are reading this blog because you are not sure if you want to move to Cleveland, well look what people are saying about us!  From The Rock and Roll Hall of Fame to Table 45 To the Beachland Ballroom and Tavern, Cleveland is a great place to be and live. 

O Magazine on Oct 1, 2007 says "The 'renewed and improved' Cleveland is 'the place to be'. Cleveland Orchestra, Tremount, University Circle and Lola restaurant are among the picks"