If you aren't from around here you might not know that The Greater Cleveland area is full of luxury neighborhoods. To give you an idea just how many there are in our area I have put together a Luxury Homes Market Report. This data is from the Multiple listing Service and includes any home listed over $1,000,000.
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Here is what I found:
Active Listings 1 Million and above in Greater Cleveland: 264
Average List price: $1,825,852.
Average Market time: 146 days
Pending Listings over 1 million in Greater Cleveland in the past 90 days: 4
Average List Price: $1,165,924
Average Market Time: 26
Sold Listings over 1 Million in Greater Cleveland in the past 90 days: 9
Average List Price: $1,871,544
Average Sale Price: $1,628,185
Average Market Time: 145
Currently the Highest priced listing on the Cleveland MLS is 2872 Nottingham Lane, Hunting Valley OH 44022. Listed at $7,500,000 this house has been on the market for 239 days.
If you would like to learn more about the Greater Cleveland Luxury home market please contact Erin Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com
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