Having served the area for years, local Realtors said the Beachwood residential real estate market continues to be in demand.
Sharon Friedman, broker, associate and Realtor at Berkshire Hathaway HomeServices Professional Realty in Moreland Hills; Susie Loparo, Realtor at RE/MAX Traditions in Beachwood; and Leah Gibbons, vice president and east regional manager at Howard Hanna in Cleveland Heights, said part of the appeal is the many amenities the area has to offer.
“Beachwood is in demand for home buyers because of the great community amenities available, the quality of life those translate to for residents and the proximity to local businesses and attractions,” Gibbons said. “That makes Beachwood a really desirable place for all different types of buyers, whether those are families or individuals. There is just something for everyone here.”
Friedman said, “There are favorable property taxes as well as high-rated schools. In addition to the other amenities, proximity to highways and medical facilities, (Beachwood) has everything needed in a small, tight community.”
Loparo said, “Beachwood has the best amenities,” she said. “We have top schools, low taxes and a great city design. It was designed so smartly to bring in all this revenue, which keeps property taxes down.”
The professionals said the community has evolved over the years.
“Beachwood has grown, although there is very little land available,” Friedman said. “There are a lot of renovations and just one street can have three Dumpsters alone. There is a lot of opportunities here in terms of investment. Because of the limited availability in terms of land, it’s just a good place to buy or sell.”
Gibbons said, “As the east regional manager of Howard Hanna, I’ve identified certain markets that have great attraction and Beachwood has always been one of those attractive communities. Homeowners are getting a good return on investment in terms of buying and selling properties in Beachwood. It’s a strong community and there is still a huge demand.”
Since she grew up in Beachwood and has worked the area, Loparo has observed the city grow alongside her business.
As for the future of the city’s residential market, Loparo, Friedman and Gibbons said it’s a bright one.
“Beachwood has always been ahead of the curb in terms of urban planning, making residents want to live and remain in Beachwood,” Gibbons said. “We have seen demand always remain high and I feel confident that it will continue to remain strong.”
Friedman said, “People will always be interested. Because of the perfect combination in terms of commercial and residential development, it should be able to sustain itself as a community for years to come. The city really thought ahead and that has paid off. Even though Beachwood is a relatively younger community, but there is still a rich history. That will continue to grow too.”
Loparo said, “Beachwood is always evolving, changing and adapting to what is going on in the community and it has all these years. We have the best of everything here. It’s a very central location. The location is the best thing about it, you’re not far from anything.”