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Old 12-16-2020, 09:55 AM
 
11,610 posts, read 10,482,627 times
Reputation: 7217

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I was shocked this morning when I checked zillow.com home values for Cleveland.

Admittedly from very low relative valuations, Zillow estimates Cleveland home values increased by 16.7 percent over the past 12 months through October 2021. Zillow estimates that "middle tier" homes in Cleveland are valued at an average of only $75,781. With this low valuation, Zillow anticipates a further 10 percent increase in the next 12 months.

https://www.zillow.com/cleveland-oh/home-values/

Most communities in eastern Cuyahoga County, especially those adjacent to Cleveland including Lakewood to the west, similarly saw 10-15 percent appreciation for the average "middle tier" home, per Zillow.

Shaker Hts. and Cleveland Hts. middle tier house price increases were 12.9 percent and 10.4 percent, respectively.

https://www.zillow.com/shaker-heights-oh/home-values/

https://www.zillow.com/cleveland-hei...h/home-values/

The only Cleveland adjacent suburb with home value appreciation greater than Cleveland was Warrensville Heights with 20.1 percent appreciation!!! My memory is that Warrensville Heights is benefiting from a new Amazon distribution center in North Randall, which is in the Warrensville Hts. school district, AND is in the process of building all new school buildings.

https://www.zillow.com/warrensville-...h/home-values/

Of other adjacent suburbs, Euclid posted an 11.4 percent increase and Lakewood 10.8 percent.

https://www.zillow.com/euclid-oh/home-values/

https://www.zillow.com/lakewood-oh/home-values/

East Cleveland showed an 8.4 percent increase, Brooklyn 11.9 percent, Brook Park 8.8 percent, and Fairview Park 10.2 percent,

https://www.zillow.com/east-cleveland-oh/home-values/

https://www.zillow.com/brooklyn-oh/home-values/

https://www.zillow.com/brook-park-oh/home-values/

https://www.zillow.com/fairview-park-oh/home-values/

While Cuyahoga County cities saw great appreciation, appreciation in coastal cities in Florida were much more muted, despite the great influx in Florida population due its perceived status as a tax haven.

E.g., Miami Beach, which is spending hundreds of millions to adapt the city to sea level rise, saw negative appreciation of 0.7 percent. Appreciation in wealthy Coral Gables was only 2.9 percent.

https://www.zillow.com/miami-beach-fl/home-values/

https://www.zillow.com/coral-gables-fl/home-values/

Are anticipated climate change impacts beginning to impact southern Florida home values?
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Old 12-16-2020, 04:25 PM
 
201 posts, read 238,982 times
Reputation: 466
Default Forbes Magazine: Top Housing Markets to Watch in 2021

https://www.forbes.com/sites/andrewd...h=7a4842556c79
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