House Hunt: Good-Looking Houses in Hillcrest This Sunday

The costs and fees are higher than at a typical bank, rates can be more than 14 percent. But if you need to borrow to buy a home or an investment property, hard-money lenders maybe the way for you to go.

According to a recent Wall Street Journal article, approximately 1 percent of the 5.5 million mortgages expected to originate this year will be from hard-money lenders.

Listed below are the statistics for all properties sold in Mayfield, Mayfield Heights and Mayfield Village since the first of the year.

 

Active: 0  Pending: 0  Sold: 87  Other: 0  Total: 87

 

   Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM  Minimum  0   0.00   0   $39,000   $42,000   0/0   Average  3   1.98   1,582   $136,209   $124,474   128/165   Median  3   2.00   1,346   $119,900   $108,000   85/125   Maximum  6   6.00   6,030   $525,000   $425,000   607/607   Total Dollar Value           $10,829,239      Average DOM 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   15    15    15    6    36   Breakdown %   17.24    17.24    17.24    6.90    41.38   Avg SP%LP   94.79    88.96    92.13    89.18    91.27 

 

  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   13    10    13    7    44   Breakdown %   14.94    11.49    14.94    8.05    50.57   Avg SP%LP   94.75    91.64    92.66    91.05    90.34