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📬 In today’s edition:

• 📍 Where Cleveland House Hunters Are Looking Next

• 👀 Cuyahoga’s Hottest Luxury Homes (and Who Might Be Buying)

• 🏡 Historic Tudor Revival in Cleveland Heights Listed at $950K

📰 Cleveland Market Minute

Most expensive houses for sale in Cuyahoga County this week (9/15/25): 10 listings top $3M

From a sprawling suburban retreat to lakefront living, the most expensive homes for sale in Cuyahoga County offer a stunning array of classic charm and modern conveniences.

The most expensive property, located in Hunting Valley, is even rumored to have caught the eye of Travis Kelce and Taylor Swift.

🔗 Read More

Tariffs may cut GCRTA railcar order by 10%

For the first time in more than four decades, the Greater Cleveland Regional Transit Authority is replacing its rapid transit trains — the oldest fleet of railcars used by any U.S. transit agency.

But that rare $450 million opportunity to modernize its rail system could end up 10 percent short of its goal.

🔗 Read More

Clevelanders still looking local, even as more home shoppers eye moves

In the Cleveland area, nearly 42% of Realtor.com listing views between April and June went to homes located outside the metro area.

By the numbers: When Clevelanders look elsewhere, their top targets are other Ohio cities: Akron (18.5% of outbound views), Columbus (10.8%), and Youngstown–Warren (4.4%).

 🔗 Read More

🏡 Just Sold Spotlight – 2317 Scranton Rd, Cleveland, OH 44113

📍 2317 Scranton Rd, Cleveland, OH 44113

• 💰 Sale Price: $510,000 (Sold September 5, 2025)

• 📏 Size: 1,877 sq ft | 2 beds | 🛁 2.5 baths | 6 total rooms

• 💵 Price per sqft: $272

• 🏘️ Property Type: Townhouse (Contemporary)

• 🌳 Lot Size: 3,629 sq ft (irregular, rolling slope)

• 🛠️ Year Built: 2019

• 🚗 Garage: 2-car attached garage

• 📝 Investor Takeaway

This modern three-story townhouse in the ELEVEN SCRANTON community closed at $510K — about $272/sqft — reflecting strong demand for low-maintenance, move-in-ready construction near Cleveland’s West-Side nodes. Built in 2019, the floorplan maximizes vertical living with a main living level, upper-level bedrooms (primary on third), a large bonus room, and convenient upper-level laundry.

Attached 2-car garage, community amenities (pool, playground, parks), and a compact, easily maintained lot make this a solid owner-occupier buy and a tidy, low-turnover rental candidate for investors seeking near-term stability and low capex.

🏡 Neighborhood Insight

• 📍 Nearby Cross Streets: Kenilworth Ave & Scranton Rd

• 🏫 School District: Cleveland Municipal - 1809

• 🧾 Assessed Taxes: ~$1,544 annually

• 💸 No HOA fees (calculated monthly assoc: $0)

📈 Recent Sales Nearby:

• 2280 Scranton Rd — $495,000 | 2 bed | 2.5 bath | ~1,820 sqft

• 2355 Kenilworth Ave — $525,000 | 3 bed | 3 bath | ~2,000 sqft

• 2205 Scranton Rd — $480,000 | 2 bed | 2 bath | ~1,700 sqft

📌 Notable Features

• Contemporary three-story townhouse (2019)

• Bonus room (17' x 13') + open living (17' x 14") on second level

• Eat-in kitchen with granite counters; upper-level laundry

• Attached 2-car garage with direct access

• Community amenities: pool, playground, park, shopping nearby

• Private deck and city view; lot with rolling slope

• Appliances included (washer, dryer, dishwasher, microwave, range, refrigerator)

• Low annual taxes and low operating friction for landlords/owners

💡 Insider’s Insight

🏡 Greater Cleveland & NE Ohio Housing Market Update – May, June & July 2025

July 2025 – Buyers Return, Sellers Adjust

• 📈 Prices: Most counties up (Lake +13.8%, Cuyahoga +11.0%, Summit +10.2%). Portage (–5.8%) & Geauga (–1.7%) down.

• 🏠 Inventory: Up everywhere (Lorain +23.5%, Medina +18.7%, Lake +15.1%).

• 💵 Sales: All counties positive; strongest in Geauga (+17.4%) & Medina (+14.0%).

• ⏱️ Days on Market: Mixed. Faster in Medina (–30.3%) but slower in Portage (+30.8%).

• 🔑 Takeaway: Strong demand meets rising inventory → more sales but localized differences.

June 2025 – Signs of Market Correction

• 📉 Prices: First notable declines (Geauga –17.2%, Medina –7.3%). Portage strong (+12.3%).

• 🏠 Inventory: Mostly up, biggest jump in Portage (+19.1%). Lake the only decline (–5.2%).

• 💵 Sales: Portage (+10.6%) & Lake (+16.1%) up. Cuyahoga (–6.6%) & Lorain (–1.9%) down.

• ⏱️ Days on Market: Slower in Lorain (+51.9%) & Geauga (+32.4%). Faster in Portage (–8.6%).

• 🔑 Takeaway: Luxury markets cooling, affordable markets still hot. Balanced but uneven.

May 2025 – Market Balancing

• 📈 Prices: Rising everywhere (Lorain +17.7% biggest gainer). Condos mixed (Geauga/Lake –4.4%).

• 🏠 Inventory: Up significantly (Cuyahoga/Portage/Summit +37.3%).

• 💵 Sales: Down overall despite more supply.

• ⏱️ Days on Market: Longer, more competition for sellers.

• 🔑 Takeaway: Buyers gain choices & negotiating power; sellers face more competition.

🏡 House of the Week – Classic Tudor Revival on Fairmount Blvd.

📍 2533 Fairmount Blvd, Cleveland Heights, OH 44106

• 💰 Price: $950,000

• 📏 Size: 5,703 sq ft

• 📅 Year Built: 1920

• 🛏 6 Beds | 4 Full, 1 Half Baths

• 🚗 3-Car Attached Garage

🧘 Vibes: This ivy-covered 1920 Tudor Revival makes a striking first impression with steeply pitched roofs, leaded glass windows, and stone details. Owned by the same family for nearly 40 years, the home blends original craftsmanship with modern comfort. Inside, you’ll find wood-beamed ceilings, rich millwork, built-in cabinetry, and expansive rooms ideal for both entertaining and private living.

The first floor boasts a grand living room with fireplace and bay alcove, a formal dining room with built-in china cabinets, and a sunroom leading to the landscaped backyard. The kitchen is spacious and functional, while a later architect-designed family room addition brings soaring ceilings and custom built-ins with large windows overlooking the stone patio.

👉 Listed by: Chris Jurcisin

📞 216-554-0401 | ✉️ [email protected]

🛠 Tools & Resources We Recommend

• PropStream → Lead generation + property comps

• AirDNA → Short-term rental profitability data

• BiggerPockets Cap Rate Guide → Know how to calculate investment ROI

• Cleveland Housing Court Tracker → Spot eviction risks and distressed deals

• Cleveland Real Estate Investor Facebook Group → Share deals and insights with local investors

📣 Weekly Wrap-Up

Luxury continues to turn heads across Cuyahoga County, with the 10 most expensive homes on the market all topping $3M — including a Hunting Valley estate rumored to have drawn the attention of Travis Kelce and Taylor Swift.

Meanwhile, Cleveland’s Greater Cleveland Regional Transit Authority faces new hurdles as tariffs may reduce its $450M railcar replacement order by 10%, potentially limiting the long-awaited modernization of its rapid system.

On the housing demand front, Clevelanders are still largely looking local for their next home. Despite nearly 42% of online views going to properties outside the region, the majority of outbound interest remains within Ohio — led by Akron, Columbus, and Youngstown–Warren.

🏡 On the housing side, notable activity continues:

• A modern three-story townhouse at 2317 Scranton Rd in Tremont sold for $510K. Built in 2019, it features 1,877 sq ft, a bonus room, city views, and access to community amenities — a strong example of demand for turnkey townhomes near Cleveland’s west side.

• In Cleveland Heights, a classic Tudor Revival on Fairmount Blvd hit the market at $950K. With over 5,700 sq ft, six bedrooms, and historic details like leaded glass and rich millwork, the home combines nearly a century of character with functional updates and a stunning family room addition.

Market data also shows a mixed summer:

📈 July brought price gains across most counties, while June signaled early correction trends in luxury segments. May had already shown buyers gaining leverage with more inventory and slower sales — highlighting how momentum varies sharply across Northeast Ohio’s submarkets.

Until next week,

Cleveland Real Estate Investors

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