Friday, December 31, 2010

REALTOR® Magazine-Daily News-Pending Home Sales Continue Recovery

As we close out 2010, one can only wonder what 2011 will mean for the real estate market. According to Lawrence Yun, NAR chief economist, 2011 will continue to see a recovery. Happy New Year all!

REALTOR® Magazine-Daily News-Pending Home Sales Continue Recovery

Thursday, December 30, 2010

Oakwood Country Club sold to First Interstate Properties

Oakwood Country Club in Cleveland Heights and South Euclid has been sold to the same developer who created Legacy Village and Steelyard Commons. Click on the link to read about this interesting development on Cleveland.com's site!


Friday, December 17, 2010

Bremec's Garden Center on the Heights

You will enjoy visiting Bremec's on the Heights for your gardening needs. Located on Cedar Road just west of Taylor Road in Cleveland Heights, they just provided me with the perfect Christmas tree for this season! They have delivered topsoil and mulch to my home during the spring and they have a great selection of gardening materials, flowers, and plants. Support this Cleveland Heights business!


Wednesday, December 8, 2010

Sunday, December 5, 2010

Friday, December 3, 2010

November Absorption Rates for Cleveland Heights

Absorption rates cooled in the month of November, which is typical for this time of year. The bargains continue to receive most the buying activity, while higher priced homes continue to struggle.

Overall Cleveland Heights: 4%
Up to $100,000: 5.9%
$101,000 - $250,000: 3.8%
$251,000 - $500,000: 2.2%
Over $500,000: 0%

REALTOR® Magazine-Daily News-Strong Rebound in Pending Home Sales

Some good news in the market!

REALTOR® Magazine-Daily News-Strong Rebound in Pending Home Sales

Wednesday, December 1, 2010

Holiday CircleFest 2010

One of the greatest holiday events in the area takes place this Sunday. Holiday CircleFest is a celebration on the season, with all the major cultural institutions participating. And it’s free!  Be sure not to miss the Christmas tree displays at the Cleveland Playhouse. A free bus will shuttle you around to all the participating venues.

Holiday CircleFest 2010

REALTOR® Magazine-Daily News-Title Insurance: More Important Than Ever

Few of us have ever run  into problems with the title on our properties, but clearly this is a case where one can be thankful they have a policy.

REALTOR® Magazine-Daily News-Title Insurance: More Important Than Ever

REALTOR® Magazine-Daily News-New-Home Sales Slide

Clearly, the market has yet to stabilize across the country.

REALTOR® Magazine-Daily News-New-Home Sales Slide

Thursday, November 25, 2010

Crafty Ideas for Winter Curb Appeal: Home & Design: REALTOR® Magazine

You know what winter is like in these neck of the woods.   Here are some clever ways to make your home appealing from the curb in these cold, snowy months.

Crafty Ideas for Winter Curb Appeal: Home & Design: REALTOR® Magazine

Sunday, October 31, 2010

Foreclosure Scam

Some people think that if a foreclosing lender can't produce the mortgage note, they can't foreclose. Follow the link to find out where fraud can be involved and why this isn't necessarily so!

http://activerain.com/blogsview/1941613/another-re-scam-to-beware-of-

Tuesday, October 26, 2010

Cleveland Orchestra Receives $20,000,000 Gift

The Maltz family has gifted $20,000,000 to the Cleveland Orchestra to be used to increase audience access to the orchestra. Click on the link to read the press release from the orchestra.

http://www.clevelandorchestra.com/news-and-media/news-releases/2010/Oct-26-Center-for-Future-Audiences.aspx

Monday, October 25, 2010

Cleveland Heights Real Estate - 1785 Radnor, Cleveland Heights, OH, 44118

Wonderful opportunity in Coventry Village! Clean, crisp 4 bedroom home. Currently priced at $149,900. Click the link for more photos and area information.

radnor 

Cleveland Heights Real Estate - 1785 Radnor, Cleveland Heights, OH, 44118

Tuesday, October 19, 2010

6 Easy Tips to Sell Your Home in the Fall : HGTV FrontDoor Real Estate

Just because it’s getting cooler doesn’t mean there aren’t buyers out there.  The Heights area is a more year-round market than other suburban communities. Make sure your home stands out from the competition with these tips.

 

6 Easy Tips to Sell Your Home in the Fall : HGTV FrontDoor Real Estate

Monday, October 18, 2010

Circle Neighbors Event at the Cleveland Museum of Art

The Women’s Council of the Cleveland Museum of Art is hosting an event on 10/20 with Steve Litt of the Plain Dealer and Chris Ronayne of University Circle Inc. to discuss this most dynamic and important area of Cleveland.  Free and open to the public, but reservations necessary. Click the link below for more information. Begins at 10am at the Museum.

Publications

Friday, October 15, 2010

Wednesday, October 13, 2010

Monday, October 4, 2010

Top 10 Tips for Living in a Haunted House : HGTV FrontDoor Real Estate

October is here, so time to have a little fun with this real estate business!  There is MUCH information out there regarding buying, selling and living in homes reported to be haunted. Whether or not you are a skeptic, here’s some fun reading for this ghostly time of year.

 

Top 10 Tips for Living in a Haunted House : HGTV FrontDoor Real Estate

Friday, October 1, 2010

Cleveland Heights Leaf Collection Dates

The new issue of Focus announces that fall leaf collection will run from Monday, November 1 to Friday, December 3 with regular collection occurring every other week ON the day of your scheduled trash pickup. Read more here.

Thursday, September 30, 2010

September Cleveland Heights Absorption Rates

When listing your home, it's helpful to know and understand what the 'absorption rate' is for homes in the area.  By definition, this is the number (shown as a percentage) of homes currently on the market that will actually sell during a given period of time. This number fluctuates with the season and varies from city to city, price point to price point.


Below are current figures for Cleveland Heights, and reflect the rate at which homes are currently selling during a one month period:


Overall absorption rate for Cleveland Heights:  10%
$0 - $100,000           14%
$101,000 - $250,000 6%
$251,000 - $500,000 8%
$501,000 and up       0%

Monday, September 27, 2010

snopes.com: 3.8% Tax on Real Estate Transactions

There is some confusion (and misinformation) regarding the 3.8% tax on real estate transactions, as implemented by the healthcare bill.  See this link for further explanation, and exactly who will be hit by this tax (hint, not many of us!).

snopes.com: 3.8% Tax on Real Estate Transactions

Saturday, September 25, 2010

Weatherproof Your Home : Projects : DIY Network

I’ll be posting a number of tips over the coming weeks for homeowners looking to save money on their utility bills this winter.  Cleveland isn’t known for its easy winters.  Taking the time to secure weatherproof your home now will certainly pay off in the winter months.

 

Weatherproof Your Home : Projects : DIY Network

Saturday, September 18, 2010

10 Reasons To Buy a Home - WSJ.com

And now the more upbeat news from the Wall Street Journal.  Owning a home still has many benefits, and though the last few years have taught us some hard lessons about real estate, the upside still outweighs the downside.

 

10 Reasons To Buy a Home - WSJ.com

Desperate Measures: Home Sellers Continue Slashing Prices - Developments - WSJ

First, the gloomy news from the Wall Street Journal. Sellers all over the country are taking hits and slashing prices just to move their homes.

Desperate Measures: Home Sellers Continue Slashing Prices - Developments - WSJ

Monday, September 13, 2010

Housing Recovery in Only Two Areas, Says Federal Reserve Report

And one of them is Cleveland! That’s right, we are in an elite group, according to this report.  Cleveland and St. Louis are the only two areas of the country showing any comeback in the housing market, which is great news for us Northeast Ohioans. Read more at the link below.

Housing Recovery in Only Two Areas, Says Federal Reserve Report

Wednesday, September 8, 2010

University Circle study shows opportunities for residential development | cleveland.com

A consistent bright spot in this tough economy, University Circle has weathered the storm like no other area in Northeast Ohio.  The residential and commercial successes in this area continue to defy the odds.

 

University Circle study shows opportunities for residential development | cleveland.com

Wednesday, September 1, 2010

2010 Cleveland Garlic Festival - Sept. 11th & 12th

Vampires be on alert. The Cleveland Garlic Festival takes place at Shaker Square (Shaker/Cleveland border) September 11th & 12th. Breath mint, anyone?

 

2010 Cleveland Garlic Festival - Sept. 11th & 12th

Monday, August 30, 2010

Food Network proclaims West Side Market as 'Best Food Lovers' Market' - Yahoo! News

Now the rest of America knows what Clevelanders already knew: The West Side Market in hip Ohio City (near west side) is one of the greatest food destinations in the United States.

 

Food Network proclaims West Side Market as 'Best Food Lovers' Market' - Yahoo! News

Thursday, August 26, 2010

Wednesday, August 25, 2010

Monday, August 16, 2010

Hawken School to open new learning center in University Circle | cleveland.com

More good news for University Circle, which seems to be an unstoppable, runaway train these days.  One of the area’s most prestigious schools will be opening a satellite center in the same area it began.

 

Hawken School to open new learning center in University Circle | cleveland.com

Wednesday, August 11, 2010

cleveland : House prices steadier in Northeast Ohio, across the country

We could all use some good news these days!  Of course every market/neighborhood has its differences and challenges to overcome, but it’s nice to see things trending up for a change.

 

cleveland : House prices steadier in Northeast Ohio, across the country

Median Price for Houses Rises..

The National Association of Realtors reports that the median price for a house has risen over the last year in 100 of 155 metropolitan markets, including Cleveland. Read about it below:

http://www.cleveland.com/business/index.ssf/2010/08/house_prices_steadier_in_north.html

Tuesday, August 10, 2010

TONIGHT: Cleveland Heights Holds 1st of Two CDBG Funds Meetings

The Citizens Advisory Committee encourages Cleveland Heights citizens to attend two Public Hearings and comment on how Federal funds can make a difference in our Cleveland Heights community. The Public Hearings will be held on two dates in August to hear applications for CDBG Funds for fiscal Year 2011.

 

The City of Cleveland Heights

Thursday, August 5, 2010

REALTOR® Magazine-Daily News-Shade Trees Boost Values and Worries

Interesting small article about the dollar value of trees, especially relevant during this hot Cleveland summer.  Most of us in the Heights can certainly relate to the worry factor when it comes to tall, towering oak trees in our front yard.  Still, trees’ ability to cool a home, not to mention their aesthetic value, are certainly an asset to homeowners.

REALTOR® Magazine-Daily News-Shade Trees Boost Values and Worries

Tuesday, August 3, 2010

Keeping Your Lawn Lush During Dry Weather

August can be brutal on a lawn. Here’s some advice for keeping it green NOW.  Your landscaping is one of the first things a buyer sees. Don’t let dead grass and wilting flowers give a bad first impression.

Keeping Your Lawn Lush During Dry Weather

REALTOR® Magazine-Daily News-Get Lawns Ready Now for Next Year

Here’s some short but sweet tips on prepping your lawn now for next year’s spring selling season.

REALTOR® Magazine-Daily News-Get Lawns Ready Now for Next Year

Saturday, July 31, 2010

Developer MRN Ltd. to break ground Monday on Uptown project in University Circle | cleveland.com

More growth and good news for University Circle.  This mixed used development of apartments, retail and restaurants will finally get underway, possible Monday.  Despite the tough economic times, University Circle keeps rolling along, and housing in the area continues to thrive.

 

Developer MRN Ltd. to break ground Monday on Uptown project in University Circle | cleveland.com

Thursday, July 29, 2010

Relocation Guide: Tips and Advice to Help You Plan, Pack and Move : HGTV FrontDoor Real Estate

The moving process is quite possibly the most stressful part of selling or buying a home.  But with careful planning, the big day (and leading up to the day) can go a lot more smoothly.  This article provides some helpful tips to make the transition stress-free.

Relocation Guide: Tips and Advice to Help You Plan, Pack and Move : HGTV FrontDoor Real Estate

Thursday, July 22, 2010

Sun Press Calender of Events

Find out what's going on the Heights area this summer...

http://blog.cleveland.com/sunpress/2010/07/sun_press_calendar_of_events_j_6.html

University Hts. residents show their neighborhood spirit!

Edgerton Road residents in University Heights held a block party on July 3rd to reconnect with their neighbors and celebrate the July 4th weekend. Another reason why University Heights is a great community to live in! Click below to see a picture of the children's bike parade and read about the nice event...

http://blog.cleveland.com/sunpress/2010/07/edgerton_road_residents_in_uni.html

Cleveland Hts. business owners form a business alliance

For every $100 spent at a locally-owned business, $45 of that goes back to the community by strengthening the tax base. For every $100 spent at a chain store, only $14 comes back to the community. Now, a group of Cleveland Heights businessmen are forming an alliance to promote buying from Cleveland Heights businesses to strengthen the local economy and the community.

http://blog.cleveland.com/sunpress/2010/07/locally-owned_businesses_in_cl.html

Shaker Heights Library Summer Reading Programs!

Shaker Heights Library is offering summer reading programs for both children and adults. Check it out and join in the fun!!

http://blog.cleveland.com/sunpress/2010/07/shaker_heights_library_designs.html

"Sweeney Todd" gets good review at Cain Park

Cleveland Heights' Cain Park production got a good review! The show runs through July 27th.
For tickets, call the Cain Park ticket office at (216) 371-3000 or visit cainpark.com.

http://blog.cleveland.com/sunpress/2010/07/cain_parks_sweeney_todd_scores.html

A tax increase to 2% in Beachwood? Budget deficit looms...

The Beachwood City council's Finance Committee met recently to discuss the how to deal with a projected year-end budget deficit. Read about the details here:

http://blog.cleveland.com/sunpress/2010/07/beachwood_considers_income_tax.html

Tips on Hiring a Locksmith

Here are some tips from Angie's List on hiring a locksmith....

http://magazine.angieslist.com/articles/2010/may/national/4-tips-to-locate-a-legit-locksmith.aspx

Friday, July 9, 2010

New Apartment complex to built in University Circle!

Despite the economy, University Circle is buzzing with new construction. With medical residents, researchers, and graduate students filling the area, one developer decided new apartments, rather than new condos or townhouses will be in demand and apparently lenders agree. Click on the link to read the story!



http://www.cleveland.com/business/index.ssf/2010/07/upscale_apartments_planned_for.html

Cute 4-bedroom colonial in Cleveland Heights!

Check out my listing at 3243 E. Overlook in Cleveland Heights! It has incredible mahogony floors in the living room and dining room, newer windows throughout, A/C, large kitchen with eat-in area, 3 bedrooms on the second floor and a huge third floor than can be an office or 4th bedroom. This is a cute house and the price is right!! Just steps away from Zagara's grocery store and an easy walk to Cain Park, Clyde's Bistro and Lee Road Businesses.

http://3243eastoverlookrd.howardhanna.com/

4148 Bluestone Road, South Euclid

Check out this cute all-brick Cape Cod I just listed. It is freshly painted in today's neutral colors, has new insulated windows through most of the house and has a BIG kitchen with marble floors. If you know someone who is a first time buyer or downsizing this maybe the home for them. Mortage rates are incredibly low and for that reason it is cheaper to buy now than it was when the first-time buyer tax credit was in effect!!

http://4148bluestonerd.howardhanna.com/

Tuesday, June 15, 2010

South Euclid Income Tax Credit May Be Restored

There is an interesting debate in South Euclid's city council about restoring the income tax credit that was eliminated in their May 3rd meeting. Whether the credit will be totally restored or some compromise achieved remains to be seen. Click below to check out the story:

http://blog.cleveland.com/metro/2010/06/south_euclid_city_council_will.html

Monday, June 14, 2010

Coventry Street Fair!

The popular Coventry Street Fair in Cleveland Heights will be held again on Thursday, June 17th, 6-9pm. Come on down for music, food, fun, and socializing!

http://www.coventryvillage.org/

Monday, May 24, 2010

South Euclid looks to Cleveland to save money for trash pickup

Cleveland suburb South Euclid has been in talks with the City of Cleveland to see if money can be saved by having Cleveland provide trash pick service. It apparently has the potential to be a win-win for both municipalities.

http://blog.cleveland.com/metro/2010/05/cleveland_officials_talking_to.html

Sunday, May 23, 2010

Offer to buy Acacia Country Club resoundingly rejected..

Shareholders of the Acacia Country Club in Lyndhurst rejected a $10 million offer from GC Acquisition LLC to purchase the property. Read the details below:

http://www.cleveland.com/business/index.ssf/2010/05/acacia_country_club_shareholde_1.html

Cleveland Hts branch of Melt Bar and Grilled opened last Friday!

Cleveland Heights' newest restaurant, Melt Bar and Grilled, opened last Friday. Matt Fish, owner of the original Melt Bar and Grilled in Lakewood decided to open a bigger branch at the corner of Cedar and Taylor Roads. Read about it here:

http://www.cleveland.com/dining/index.ssf/2010/05/second_melt_bar_and_grilled_to.html

Happy Eating!!

Tuesday, May 18, 2010

Cleveland Clinic Band plays patriotic music at the Alcazar in Cleveland Heights!

This sounds like fun-- The Alcazar in Cleveland Heights will host a concert of patriotic music Sunday, May 23rd at 2pm.
Free and open to the public, the all-volunteer 30-piece Cleveland Clinic Concert Band
will perform patriotic music honoring those Americans who have served and are currently
serving our country.

The USO will be on hand to collect donations of personal care items for Care Packages
for our troops. Requested items include disposable razors (dark colors), dental floss, toothbrushes, toothpaste, mouthwash, shampoo, (plastic bottles only), magazines, slim jims and beef jerky.

The Alcazar is located at 2450 Derbyshire Road in Cleveland Heights' Cedar-Fairmount neighborhood.
For more information, call 216-321-5400

Friday, May 14, 2010

GC Acquisition LLC offers to buy Acacia Country Club

According to an article on Cleveland.com there is only one firm offer to purchase the Acacia Country Club in Lyndhurst. That offer is from GC Acquisition LLC. Click the link to read this interesting article:

http://www.cleveland.com/business/index.ssf/2010/05/new_offer_for_acacia_country_c.html

Wednesday, May 5, 2010

Monday, May 3, 2010

Cleveland Hts. Office smashes sales record!

The Cleveland Heights office of Howard Hanna Real Estate Services smashed the monthly record of unit sales with 103 homes sold in the month of April! That far exceeded the previous record of 86 homes sold in May of 2005. How's real estate these days? Unbelievable!

Wednesday, April 28, 2010

Housing Tax Credit extended for Military personnel

Many people are probably not aware that the $8000 tax credit for first-time home buyers and the $6500 tax credit for move-up buyers is extended for active members of the military, foreign services, and the intelligence community for one year. For those that qualify, the deadline for getting a home under contract is April 30, 2011, with the deadline for closing on June 30, 2011.
Click here for details:

http://www.federalhousingtaxcredit.com/service_mem.php

Sunday, April 18, 2010

Wednesday, April 7, 2010

Great Family-Owned Hardware Store in Cleveland Hts.

This is my favorite hardware store and I shop there frequently! Please stop by and visit this old-fashioned family-run business on Coventry Road.. they give great service and have more than appears from the street...



http://heightsobserver.org/read/3/4/heights-hardware

Friday, March 26, 2010

News from the Cleveland Heights Schools

Here is a link to an article in the Heights Observer about changes in the Cleveland Heights School system:

http://heightsobserver.org/read/3/3/chuh-schools-announce-new-assistant-superintendent-and-principal-reassignments

Encouraging Signs in Cleveland Heights Real Estate

After a very difficult period in the Cleveland Heights real estate market I see encouraging signs. According to Trendgraphix, which collates and measures MLS data, the following encouraging signs have been seen in the Heights market in the price range of $80,000 or higher. I have excluded less expensive home because these tend to be distressed home that distort the market picture. For the period February 2009-2010:



The number of homes for sale declined 8.1%, the sold price per square foot increased 11.7%, the average sold price increased 42%, and the months of inventory (meaning how many months would it take to sell everything on the market at the present rate of sales) dropped 40.9%. Days on market increased 10.2%, meaning it is taking a little longer to sell homes in this price range than a year ago. How could the average sold price rise 42% and the average per square foot price rise only 11.7%? That probably means that the larger homes are selling more as the economy recovers somewhat.



So, we have a decline in the number of homes for sale and rising prices. The two areas of concern are one, the fact that the federal government is ending its intervention in the housing market (by buying up mortgage-backed securities) at the end of this week and two, that the MIP (Mortgage Insurance Premium) for FHA loans will rise from 1.75% ot 2.25% on new loans on or after April 5th. This means mortgage rates will probably rise and FHA loans will become a bit more more expensive.

HOMEBUYERS TAX CREDIT- We still have five more weeks before the homebuyers tax credit program ends. That combined with the prospect of rising mortgage rates, upward price pressure, and the influx of new residents and doctors coming to the Cleveland Clinic and University Hospitals means we will probably see in increase of sales in April. What happens after that remains to be seen. Overall I would say that this is still a historically great time to buy or move up to a larger home.

I hope you are enjoying the milder weather and looking forward to spring!

Friday, January 22, 2010

Cleveland Heights Restaurants

For a nice guide to Cleveland Heights restaurants, click on the link:

http://www.clevelandheights.com/pdfs/CH_Restaurants.pdf

Cleveland Orchestra resolves strike, goes to Florida!

The Cleveland Orchestra musicians went on a short strike last Monday that was resolved Tuesday and today we begin our 9-day residency in Miami. Most of the concerts will take place at the Knight Concert Hall, part of the Adrienne Arsht Center for the Performing Arts. We will also perform at the Hialeah-Miami Lakes High School in Hialeah. I'm really enjoying the break from the Cleveland weather! Composers to be performed include Beethoven, Brahms, Verdi, Ades, Strauss, and Bernstein. If you are going to Miami in the next few days here is a link for tickets http://www.arshtcenter.org/tickets/calendar.aspx.

Just before leaving I got a Cleveland Heights under contract, so I'll have something to work on when I get back!