Down 15 homes from last month, there are currently 41 properties for sale in our neighborhoods of McFerrin Park, Cleveland Park and Highland Heights.
Total November sales declined from 17 last month to 14 this month. Historically, the real estate market cools during the months of December and January so this should not cause too much concern.
Sales were concentrated mostly in Highland Heights and Cleveland Park with only one property closed in McFerrin Park. The single McFerrin Park sale was the beautiful renovation located at 227 Treutland Avenue. Listing agent Adam Gleaves boasts “STUNNING REHAB – 1920s home, converted from tri-plex back into single family home with custom, upgraded finishes. Downtown views. Covered outdoor spaces! So close to major highways, parks, downtown, TopGolf, etc. This area is booming!” After a legnthy renovation, the home contracted and closed after only 37 days on the market for a price of $620,000. Recent records indicate that this is the MOST expensive home that has sold in our neighborhood. Second place goes to 300 Hancock St which closed in January for 505K. Both properties are located in McFerrin Park!
Only two dollars separate the median listing and median sales price; meaning that correctly priced properties are selling for very close to the asking price.
With the updates coming to the Meridian Street corridor (Roxy Theatre, McGavock House, and the old Jack Ward building) 2018 is poised to be a very exciting time for our community!
