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| Due to rise as early as this summer, The Equinox on West 48th Street has put 11 for-sale housing units on the market that’s desperate for new inventory. The site is at the east end of Cleveland’s Detroit-Shoreway neighborhood, near Ohio City (Payto Architects). CLICK IMAGES TO ENLARGE THEM. |
Despite the rise in interest rates, there continues to be strong demand for new housing in Greater Cleveland, especially in hot sub-markets like where Cleveland’s Detroit-Shoreway neighborhood meets Ohio City. In areas like that, homes sell for about 2 percent above the list price and get an accepted offer within nine days of going on the market, according to real estate analytics form Norada Real Estate Investments of California.
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