Here is the September market report for Shaker Heights Home Sales.  

October brings Fall and Halloween. This year It also brings us an economic bail out bill, and the election is right around the corner. If you are like most Shaker Heights residents you might be wondering what all this means to the housing market.  here has been what is happening in the Shaker Heights Housing market since July 31, 2008.  

(Check back here this week for updates in Cleveland Heights, Pepper Pike, Chagrin Falls, and Solon. )

Shaker Heights State of the Market Report for Oct 1, 2008:

There are curently 366 active listings on the market in Shaker Heights.

These homes have been on the market an average of 110 days.

Homes that are now under contract are the most recent successes, these sellers have reached their goals.

There are currently 38 pending listings in Shaker Heights.

These homes have been on the market an average of 117 days.

Homes that have recently sold are historic indicators of perceived value. Appraisers will use this data when determining the loan value of your home.

There were 20 properties sold since July 31, 2008 in Shaker Heights.

These homes were on the market for an average of 108 days.

The average sale price of $145,290, divided by the average list price of $159,689, tells us

that sellers are accepting, on the average, 92% of the list price.

Homes that have been on the market and never sold tell us a story.

The total number of market rejected homes (expired listings) since July 31, 2008 is 77.

These homes have been on the market an average of 185 days.