Hudson, OH Real Estate News

By Chris Olsen, Broker Owner Cleveland Ohio Real Estate
(Olsen Ziegler Realty)
Here are the March 2010 real estate market statistics and Market Conditions Report for the Hudson, Ohio community in Northeast Ohio Absorption Rates and Months Housing Supply These two terms are one piece of the puzzle to help real estate agents, appraisers, home sellers and buyers alike make sense out of the real estate market. This is a little-known, but effective tool, if used in proper context, to help a home seller or buyer understand the market conditions for the home they wish to sell or buy. The easiest way to define these two terms is with an example: Absorption Rates (AR)- The rate at which homes are selling (ie. absorbed), over a specific time period, typically 12 months.  This is beneficial in determining supply and demand trends for the local market. Months Housing Supply (...
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By Chris Olsen, Broker Owner Cleveland Ohio Real Estate
(Olsen Ziegler Realty)
Here are the February 2010 real estate market statistics for the Hudson, Ohio community in Northeast Ohio Absorption Rates and Months Housing Supply These two terms are one piece of the puzzle to help real estate agents, appraisers, home sellers and buyers alike make sense out of the real estate market. This is a little-known, but effective tool, if used in proper context, to help a home seller or buyer understand the market conditions for the home they wish to sell or buy. The easiest way to define these two terms is with an example: Absorption Rates (AR)- The rate at which homes are selling (ie. absorbed), over a specific time period, typically 12 months.  This is beneficial in determining supply and demand trends for the local market. Months Housing Supply (MHS) - How long it will ta...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
It's always good to hear from a happy client...especially when that person has become a dear friend in the process. Thank you, Norm! You were wonderful to work with and I'm very glad to know you! "Hi Dawn, Just wanted to drop you a long overdo note of thanks for your very effective work in getting my house in Hudson sold. While your marketing plan was good, your hard work and effort on my behalf both getting me a contract and then seeing it through to closing was special. With the housing market the way it was ,I did not think I would get 3 offers and a sale in three and a half months. Please feel free to use me as a reference to any of your prospective clients. Selling a house is tough on the seller even in a good market but you got me through it in fine shape. Best regards,Norm Verno...
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By Susan Sawyer, Real Estate Expert - Hudson Ohio
(Keller Williams Chervenic Realty)
There are some fun activities to do in Hudson. One is Art on the Green which takes place every August. There are a a number of artists that show their work ranging from oil paintings to jewelry. Kettle corn is always popular and there are several organizations such as the Masons and Rotary Club that serve lunch. I have seen woodworkers and pottery designers there as well. The weather is usually nice at that time of year as well. It is held across the street from the clock tower and a good time is had by all. A Taste of Hudson is held on Labor Day weekend at the First and Main shopping area. You pay for a cash card and then go around to local restaurants and give them your card to enjoy a taste of their food. I found it interesting to see what the foods tasted like. There was one restaur...
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By Susan Sawyer, Real Estate Expert - Hudson Ohio
(Keller Williams Chervenic Realty)
This typically happens when you don't see your dream home in your price range. You start looking just above your top price and presto there is a home you love. If you aren't too far above your top price there is one technique I use with my buyers. First discuss this with your realtor or me. Decide how high above your top price you can look without being too high to make a reasonable offer on a home. Then when you find your dream home, write the best offer you can. I usually present these offers to the selling agent starting off that my buyers love your home but it is a little more expensive than they can buy. I say we have written our best offer and here is a copy of the preapproval letter showing how much my buyers can pay. We are not trying to insult the seller as we love the home and...
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By Chris Olsen, Broker Owner Cleveland Ohio Real Estate
(Olsen Ziegler Realty)
Hudson Ohio Luxury Homes For Sale Luxury homes for sale in Hudson Ohio currently only makes up about 17% of the total homes for sale in the community.  While the luxury home market segment in Hudson Ohio is rather small, the inventory levels are high, credit is available for buyers with good credit, the housing market favors buyers, and prices have come down from the highs of the 2006-07 market.  Moreover, a truly motivated seller should be willing to negotiate hard to sell their home in this challenging marketplace, so even more opportunity exists in light of the already attractive environment that exists today. As a Certified Luxury Home Marketing Specialist and a REALTOR with strong negotiating experience, I would be happy to assist you with your next luxury home purchase in the Grea...
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By Chris Olsen, Broker Owner Cleveland Ohio Real Estate
(Olsen Ziegler Realty)
Affordable Housing Options in Hudson Ohio Affordable housing is a topic that often gets overlooked by real estate agents and the real estate industry in general. A strong foundation is required in real estate in order to make the entire real estate industry work well.  At the core is affordable housing.  In order mid-priced homes to sell, these sellers must find a buyer who oftentimes may be trying to sell their first home. Here are approximately 34 homes for sale in the Hudson Ohio priced up to $200,000. Homes up to $200,000 in Hudson Ohio Happy searching! Search for all homes for sale in Greater Cleveland Ohio at Olsen Ziegler Realty A $marter Way to buy and sell your Hudson Ohio Home
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
Step Right Up in Hudson Ohio is a fun family restaurant - really, two restaurants in one...Donuts in the morning, grilled hot dogs and meals in the afternoon and evening, all affordably priced. Located at 5929 Darrow Road in Hudson, Step Right Up offers Sahlen's Hot Dogs made specifically to be charcoal grilled over a hot fire. They also grill hamburgers, chicken and sausage. They have french fries, sweet potato fries, onion rings and an array of fresh condiments that include chili, cheese and sauerkraut. The service is great, and so is the food! I had a regular sized hot dog with stadium mustard, relish, ketchup and yes, onions! Yum! Add lemonade to drink and potato salad, and what a great grilled lunch! Next time I am going to try the sweet potato fries and sliders - they looked and s...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
For those of you who just can't wait till the end of the quarter and because I wanted to know too...Here is the market report for Hudson, Ohio for April & May 2009. Type of market: BUYER'S Your selection is incredible! We have over 13.5 months' supply of properties at the current rate of sales. There are 231 available properties right now in Hudson OH. Average price is $372,983, lowest is $109,900 and highest is $1,750,000. Average days on the market: 154. Average list price per square foot: $133. Average square feet: 2775. Average price reduction since original list: 3% Active Listings, 12% Contingent Listings. Translation: Prices are very good! 27 properties went into escrow in April and May 2009 in Hudson OH. Average list price is $313,120, lowest is $79,900 and highest is $519,900. ...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
Brrrrr! 6 inches of snow today, 50 degrees tomorrow - Welcome to Hudson OH weather! Here's the hot market activity to go with your hot cocoa and snuggie! Keep the sandals ready! Type of market: BUYER'S We have over one year's supply of properties at the current rate of sales. There are 207 available properties in Hudson OH. Average price is $356,400, lowest is $79,900 and highest is $1,750,000. Average days on the market: 118. Average square feet: 2733. 24 properties are in escrow in the first quarter in Hudson OH. Average list price is $306,018, lowest is $69,500 and highest is $590,000. Average days on the market: 105. Average square feet: 2548 24 homes have been sold in Hudson OH in the first three months of 2009. Sellers received 93.17% of asking price. Average list price is $259,8...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
With Spring bursting upon us, I thought you might like to know about the parks in Hudson Ohio...Today I bring you Colony Park, in the south end of town. It is located east of Route 91, otherwise known as Main Street. Colony Park is located in an established neighborhood in Hudson, Ohio. It features a walking trail with fenced bridge over train tracks, playground with swings, ballfield, picnic pavilion, large field for flying kites or playing football, basketball hoops...as well as birdwatching and nature viewing opportunities. It is part of over 1100 acres and more than 20 parks in Hudson, offering the chance to recharge and unwind, very close to home. It's a pleasure to have so many parks available! Dawn Maloney, REALTOR®, ABR, with RE/MAX Commitment. Serving Hudson and Northeast Ohio ...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
Do you feel like you're my one and only? I love to hear a client say, "I'm sure you have other clients." Why do they say that? It means they feel as if they are my one and only client. It means they feel known, valuable and appreciated. It means they are impressed because: Their calls are answered or returned promptly I know their name when I answer their call I'm glad they called - my tone is sincere, whether cheerful or empathetic I pay attention to what they want I  know what is going on with their transaction and keep them updated I personally handle their transaction, not an assistant I remember and ask about job interviews, headaches, sick children, etc. I want to help them be successful - I don't talk about how busy/successful I am I take ownership of problems and tell the truth ...
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By Stacey M. McVey
(Keller Williams Greater Cleveland West)
Homeowners were lent a hand this week by the Obama Administration's newest effort to help families remain in their homes. The "Making Home Affordable" program was created to help as many as 9 million homeowners who want to stay in their homes, but are struggling with their finances.   Here is a good link http://www.financialstability.gov/makinghomeaffordable/index.html    Modification program   What is it?   Homeowners who are having trouble affording their mortgage payments either because of issues such as job loss or because of resetting interest rates may qualify for new, more affordable loans.   Do I qualify?   • You must live in the home.   • You don't already have to be behind on payments.   • The loan balance can't exceed $729,750.   • It's aimed at homeowners who have lost a job...
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By Stacey M. McVey
(Keller Williams Greater Cleveland West)
Not all high-impact improvements on your home need to cost alot of money, but there are some that are definitely worth it. With spring comes thoughts of what your home could look like. It needs freshening up from the curb so as not to appear "dated." What's the quickest way to make a huge impact? Exterior paint. If you're considering a sale this year, it pays to have the exterior painted, pressure washed (if your siding is a neutral color already), paint your shutters (yes, even vinyl--they fade!) and put some style in your entryway. In my opinion, no one says it better than HGTV when it comes to curb appeal and tips for taking on such tasks, so I've included a link here that outlines some exterior improvements and guidelines for jazzing up your home's tired look. Remember, it's the fir...
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By Stacey M. McVey
(Keller Williams Greater Cleveland West)
Market watch for the entire Northeastern Ohio MLS Market Watch for Hudson over the past week showing average listing criteria AND NOW THE EXCITING NEWS! Supply and demand and this week, between the sold and pending listings, you see that the demand is outweighing the supply, by a significant amount!  This trend needs to continue and I suspect that it will.  It's a great time for sellers to place their listings on the market as there are fewer sellers than active buyers resulting in shorter marketing times and stable pricing!
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By Stacey M. McVey
(Keller Williams Greater Cleveland West)
Market watch for the entire Northeastern Ohio MLS Market Watch for Hudson over the past week showing average listing criteria AND NOW THE EXCITING NEWS! Supply and demand and this week, between the sold and pending listings, you see that the demand is outweighing the supply, by a significant amount!  This trend needs to continue and I suspect that it will.  It's a great time for sellers to place their listings on the market as there are fewer sellers than active buyers resulting in shorter marketing times and stable pricing!
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By Stacey M. McVey
(Keller Williams Greater Cleveland West)
Eight grand, new buyers: The tax credit included in the economic stimulus legislation is much narrower than the $15,000 proposal. This credit is equivalent to 10 percent of the purchase price of the home--although it's capped at $8,000--and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have to be repaid.· First time buyers defined: For the purpose of this legislation, a "first-time home buyer" is someone who hasn't owned a principal residence for three years before buying a house. (The date of purchase is considered the day that the title is transferred.) That means if you've owned a vacation home--but not a principal residence--within the past three years, you would still qualify for the credit.· 2...
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
I have exciting news! I am privileged to announce that I have joined forces with RE/MAX, the number one real estate company in the world. Why did I switch? Fantastic Technology Name Recognition Superior Advertising Incredible Resources for Buyers & Sellers More Control of My Own Business And Much More! I'm ready for a profitable 2009, and my association with RE/MAX has unlocked the door to a whole new world of success in real estate. If you are ready for good news concerning real estate, give me a call now!  
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By Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio
(RE/MAX Trinity Northeast Ohio Real Estate Specialist)
HUDSON OH - The news is very good for Hudson OH real estate in the second quarter CRIS Economic and Market Watch Report. The average price for the second quarter was $372,500. Values are up 9.53% over last year at this time! Sixty-six homes were sold in Hudson in the second quarter, at a 29% slower pace than last year at this time. Average days on the market is 82, two weeks under the average for Summit County. Sellers are achieving 95% of their asking price. There are other trends we follow in more detail, down to the neighborhood and street. Do you have questions about marketing or buying a home in Hudson Ohio? Call me @ 330-990-4236 and we can talk at your convenience.
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