Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts

Sterling Lakes, Old & New Brainard Roads, Traffic on Lander Road all subject to discussion

From the Chagrin Solon Sun:
Traffic safety concerns for drivers exiting Sterling Drive onto Brainard Road have ignited discussions about the possible reopening of Old Brainard Road as a north-south thoroughfare.

More than 15 residents from the Sterling Lake development showed up at a monthly road and safety meeting of City Council Jan. 11 to press the new city administration about what they consider an accident in waiting. They said poor sight lines at the intersection make them afraid to pull out of the development for fear of being struck by fast-approaching vehicles on Brainard.
Read the whole story and check out the minutes from the 1/11/12 meeting when they're posted.

What do you think about a light at New Brainard and the Sterling Lakes entrance across from the Pointe townhouses?  Should that gate be permanently closed and Old Brainard re-opened so that people can exit there?  If Old Brainard is being looked at for re-opening, should it be just the end at Chagrin, or also down by City Hall?

Or should everything stay as is?

I haven't said a word about where this fits in as a priority for the City or how any changes would be paid for, but obviously those questions and others will have to be calculated into the equation.

Or no?

"Pepper Pike Real Estate Market...HOT!"

So says the Young Team Realtors two weeks ago (reflecting June conditions):
Pepper Pike’s market is on fire, with 20 properties under contract right now! 5 of them are contingent and 15 are pending. Is this the final push for families trying to purchase a house before the start of the 2011-12 school year? Whatever it is, it is great to see houses for sale in Pepper Pike flying off the shelf.  The best part about it is, that a majority of them have just came on the market. 6 of these houses have gone under contract in under 45 days.
I've been following the Young Team's writings about the Pepper Pike real estate market for a while now. Here's another very informative blog post by them, from June 13, 2011, just over a month ago, and it concerns the City's market during the month of May. An excerpt:
In May, a total of 10 properties went under contract. The biggest problem with the homes that went under contract were that they are well below the $575,000 average. The average home price in Pepper Pike for homes that went under contract was $380,000. The luxury home market in Pepper Pike has been extremely slow with only 2 homes going under contract. In real estate we define the luxury market as homes over $500,000. Both of these homes were two of the lower priced homes in Pepper Pike’s luxury market averaging a listing price of $550,000.

...

The summary of Pepper Pike’s real estate market for the month of May is that properties are selling, just not much of the luxury inventory. Hopefully in June we will continue to see several homes put under contract in Pepper Pike, as well as some of the luxury homes in Pepper Pike.
If you are interested in following this kind of information, set a Google alert to "Pepper Pike" or check the sidebar on this blog where headlines for Pepper Pike alerts come up.