Deal or no deal?
Slowly but surely, Cleveland’s real estate investment market is beginning to creep back to life. The sales volume has been steadily increasing, there are more buyers in the market and the lending environment is starting to come around. But along with this increase in activity comes some interesting paradoxes. Paradoxes like two buildings that are right next to one another, with one selling for nearly 30 percent more than its neighbor. Paradoxes like the same property selling twice within a 12 month period, with no dramatic changes except for the sale price, which was actually more the second time around. What are some of the factors that are causing these variations? Are they directly related to the properties, to the current market environment or somewhere in between? For all of the answers, tune into the February edition of Properties Magazine or click here.
