Westlake Real Estate

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Westlake Real Estate & Homes for Sale in Ohio

This cozy, family-friendly suburb of Cleveland is located just south of the Lake Erie’s western shoreline. From a quiet village that relied on agriculture, it has grown to an established city with a population close to 32,000 residents. Much of this growth occurred in the second half of the 20th century, when families left the cities for a more peaceful suburban lifestyle. For this reason, the infrastructure of the city is quite reliable; the hospital opened in the 1980s, new police and fire stations were built in the 1990s and the recreation center and large park site were opened in 1998. It is situated in the northwest section of Cuyahoga County, about 12 miles west of Cleveland. Several major roadways, including Interstates 490 and 480, provide access to neighboring communities and greater Ohio. Most of Westlake’s workforce is employed in the following economic sectors: educational, health and social services; professional services; manufacturing; and finance, insurance and real estate. There are several major employers located within the city and many more in nearby Cleveland. Public education is provided by Westlake City School District. The district serves about 4,000 students through seven school sites. Local recreation facilities and activities are managed by the local recreation department. The main feature is the expansive recreation center set on an 86-acre park site. The site includes basketball and tennis courts, an aquatic center, community rooms, fitness area, athletic fields, indoor track and a Tot Room. Westlake real estate options include single-family homes for sale, luxury estates, condominiums and townhouses.

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Westlake OH Real Estate Info: Prices of Houses for Sale in Westlake Ohio

Detached, single-family home prices range from the mid-$100,000s up to about $1 million. The Westlake, Ohio real estate market includes a nice selection of older homes for sale and newer construction. Well-maintained family homes over 3,000 square feet in size are priced in the low-$400,000s. These can be found in the Woodpath and Bretton Woods subdivisions. Waterfront homes are available in limited quantities; these are priced at $800,000 or more. Many homes are colonial or traditional in style and set on large, grassy lots. Amenities include scenic views of the lake, fenced lots, basements and attached garages. There is also a large selection of condominiums and townhouses for sale, with prices ranging from $100,000 up to $400,000. Most units have two or three bedrooms, and some are more than 2,500 square feet in size. For those who wish to custom build, undeveloped residential real estate is available in limited quantities.

Westlake Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $241,054 compared to $241,054 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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