Euclid 2018 Real Estate Market Update
2018 was an exciting year for the real estate market in Euclid as home prices continued to rise with approximately 583 single family homes being sold. The average sales price was just under $80,000 with a large portion of homes going owner occupied. From 2010 to 2015, a large portion of homes were sold to investors who are now ready to remarket into rehabbed homes. Many of these homes were purchased for $40,000 in 2011 and now boast remodeled kitchens, bathrooms, floors, paint, and etc... and have sold or are selling for approximately $90,000 to 120,000. Owner occupied homes, on average tend to take better care of the exterior and interior of their homes and help our neighborhoods in many ways. With sale prices rising, the City of Euclid will start seeing an increase in income and property taxes.
If you, or anyone you know may be interested in purchasing a home or would like information on how to obtain a pre-approval to purchase a home, please reach out to the Vaccaro Team for a consultation. Home ownership is not for everyone, but in the long run if you buy right, it can be a good life change and investment.