Throughout 2014, the City of Fairview Park has been hearing positive stories about the quality of our housing stock and the speed with which homes are being purchased. These stories showcase both the desirability of Fairview Park and its neighborhoods and the recovery of the local housing market.

In September of 2014, Fairview Park was ranked #4 in a study released by the Keller Williams Realty of Greater Cleveland – New Homes Team. The study, which analyzed 52 communities over six counties, looked at changes in average home sale price and housing inventory (how long, on average, homes stayed on the market) from July 2013 to July 2014. A community scored higher the more its average sale price increased and the faster its housing inventory turned over during that 12-month period.

The numbers for Fairview Park are astounding! From July 2013 to July 2014, Fairview Park experienced:

  • A 34% increase in average home sale price from $131,000 to $176,000.
  • An 18% decrease in the average length of time homes spent on the market, from 3.9 to 3.2 months.

The study by Keller Williams proves what we already knew to be true about our community: it has a quality housing stock, it represents a tremendous value, and it is a Great Place to Grow!

Click here to view the summarized results of the study.