Business & Tech
House Hunt: Hot Properties for You to Look at this Weekend
See open houses for this weekend and check out the statistics for new construction nationwide
According to the Wall Street Journal, U.S. home construction rose in June to 629,000 homes at a seasonally adjusted rate. This is up from 549,000 in May and the most since January.
The pace of construction is still low compared to the peak of 1.5 million starts in 2007. As the housing market continues to recover and the glut of vacant and foreclosed homes is absorbed, hopefully new construction will continue to improve.
There is new construction to be found in the Hillcrest area. The development at Hidden Woods in Mayfield Heights is ongoing and houses are being sold.
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Listed below is the breakdown of the 226 properties sold in Mayfield, Mayfield Heights, Mayfield Village, Highland Heights, Gates Mills and Lyndhurst since Jan. 1, 2011.
Active: 0 Pending: 0 Sold: 226 Other: 0 Total: 226
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Average CDOM Breakdown and Average % of Listing Price received on Solds by Market time: 0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days No. of Listings 28 28 29 23 118 Breakdown % 12.39 12.39 12.83 10.18 52.21 Avg SP%LP 95.70 91.91 88.85 92.91 90.75