Parma has always been a hotspot for real estate, and the market fluctuations in recent times have only added to the excitement. From families looking for a comfortable home to investors eyeing lucrative properties, there's a broad spectrum of transactions occurring frequently. If you're curious about the recent property deals in Parma, we've got you covered!
Overview of the Real Estate Market in Parma
Situated in the heart of Ohio, Parma remains one of the most sought-after locations for homebuyers. Its strategic location, excellent amenities, and family-friendly environment make it a top choice for many. Here's a quick snapshot of the current real estate trends:
- Median Sale Price: $230,000
- Number of Homes Sold: 35
- Average Days on Market: 21
- Price Per Square Foot: $150
Properties Sold Between Aug. 26-Sept. 1
The last week of August and the first day of September saw a flurry of real estate activity in Parma. Let's delve into some noteworthy properties that were sold during this period.
Charming Family Homes
- Price: $240,000
- Details: This 3-bedroom, 2-bathroom single-family home sprawls over 1,750 square feet. Located close to local schools and parks, it's a perfect fit for young families.
- Price: $210,000
- Details: A cozy bungalow with 2 bedrooms and 1 bath, covering 1,200 square feet. It features a newly renovated kitchen and a spacious backyard.
- Price: $275,000
- Details: This 4-bedroom, 3-bathroom home is ideal for growing families. The property includes a modern kitchen, a finished basement, and a two-car garage.
Investment-Worthy Properties
- Price: $300,000
- Details: Previously used as a rental property, this 6-bedroom, 4-bath duplex offers substantial rental income potential.
- Price: $185,000
- Details: A fixer-upper with 3 bedrooms and 2 baths, this property is perfect for investors looking for a renovation project with high ROI.
Luxury Homes
- Price: $450,000
- Details: This elegant 5-bedroom, 4-bathroom mansion spans 3,500 square feet. It features an upscale kitchen, spacious living areas, and a beautifully landscaped garden.
- Price: $500,000
- Details: A stunning contemporary home with 4 bedrooms and 3.5 baths. The property includes a heated pool, home theater, and state-of-the-art security system.
Neighborhood Insights
In addition to individual property sales, it's crucial to consider neighborhood dynamics when understanding the real estate market. Here are a few highlighted neighborhoods:
South Parma
Known for its serene environment and family-friendly vibe, South Parma has seen several properties change hands. Homes here generally offer sprawling lawns and spacious interiors, making it a favorite among families.
- Average Sale Price: $250,000
- Features: Excellent schools, parks, and recreational facilities
East Parma
East Parma appeals to both families and professionals due to its proximity to business centers and upscale amenities.
- Average Sale Price: $280,000
- Features: Modern infrastructure, shopping centers, and fine dining options
West Parma
With a rich history and charming older homes, West Parma is perfect for those looking for character in their property purchase.
- Average Sale Price: $220,000
- Features: Vintage homes, cultural attractions, and community events
Conclusion
In summary, Parma's real estate market remains robust, with a mix of affordable family homes, lucrative investment opportunities, and luxury properties. Whether you're a first-time homebuyer, a seasoned investor, or someone looking for a dream home, Parma has something to offer.
Keep an eye on the market trends and neighborhood dynamics to make an informed decision. Happy house hunting!
No comments:
Post a Comment