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buying in solon: Solon Short Sales - 10/19/09 01:59 PM
Solon Short Sales
Over the past few years, we have had numerous calls from buyers looking to buy a home in Solon and wanting a deal. They often mention their interest in bank owned and short sale homes. This post is for those who are looking to buy a home in Solon and are especially interested in Solon short sales but would like to learn a little more about what the process entails and where to find these particular homes. We have used the popular question and answer format in this post.
IS THERE A DIFFERENCE BETWEEN SHORT SALES AND BANK … (4 comments)
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buying in solon: Solon Ohio Real Estate- First Quarter Market Report 2009 - 04/02/09 12:43 PM
The first quarter saw 34 homes officially sell here in Solon, Ohio.
The graph below shows the breakdown of the specific number of homes that sold during the first quarter in different price brackets.
Here is how the first quarter of 2009 compares with the same time period from 2008:
Summary: The number of homes and market time aren't too far off from last year's figures. However, the average sales price is down from 2008. There are a lot more lower priced homes being sold and fewer luxury homes being sold, causing the average sales price … (2 comments)
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buying in solon: Solon Ohio Real Estate: Luxury Home Marketing Report First Quarter 2009 - 04/02/09 11:04 AM
LUXURY HOME SALES REPORT SOLON OHIO FIRST QUARTER 2009
The first quarter is now officially complete. The Solon Ohio luxury real estate market has been somewhat active so far in 2009. There have been a total of 6 luxury home sales in Solon. This is almost equivalent to the number of homes that sold during the first quarter of 2008, where we had 7 home sales.
A COMPARISON OF FIRST QUARTER HOMES SALES - SOLON LUXURY HOME MARKET 2009 VS. 2008
SUMMARY: Even though the actual number of sales in 2009 is only 1 less than last year, the … (1 comments)
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buying in solon: Solon Ohio Real Estate: Luxury Homes - Pocket Listings Offer Secret Inventory to Luxury Home Buyers - 03/25/09 04:48 PM
POCKET LISTINGS FOR LUXURY HOME BUYERS
If you are looking to buy a luxury home in Solon, Ohio, there are usually many to choose from. In fact, Solon has more homes priced over $500,000 than any other suburb in the area. However, there is an entire "unknown" inventory of homes that you may not be aware of, called "pocket" listings. This article will define these types of listings and explain what is means to you as a luxury home buyer.
The term "pocket" listing is typically known only to real estate agents. Specifically, it describes a listing that a seller signs … (1 comments)
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buying in solon: Solon Real Estate - Monthly Marketing Report February 2009 - 03/02/09 05:25 PM
February was a relatively calm month in terms of Solon real estate market activity.
Specifically, 10 homes officially sold last month compared with 17 sales in February 2008. However, a real indication of buyer activity is better measured by the fact that 13 homes went under contact in February. While most of these homes haven't transferred, it is important to note that all of these homes went under contract over the last 30 days. This is a sign that there are serious buyers currently in the market to buy in Solon.
Summary: Here is an unofficial list of all homes that went under contract, and a … (0 comments)
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buying in solon: Solon Ohio - A Special Community - 02/21/09 09:28 AM
Solon has been ranked the #1 Suburb in the area by Cleveland Magazine for the last two years. While Solon's reputation locally is well-known, Solon is also gaining attention nationwide as well. In 2005, the city was listed by Money Magazine as forty second in its list of "Best Places to Live." Here is a highlight of features that make Solon an appealing place to live and work and why it is a very popular starting point for those re-locating to the area.
SCHOOLS
Since a community is often judged on the quality of its schools, the Solon School system … (0 comments)
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buying in solon: Solon Real Estate- Bi-Monthly Marketing Report February 2009 - 02/19/09 08:02 PM
After seeing the snowiest month on record in January, with relatively strong sales, the weather has been a non-factor here in February. The warmer weather has had little effect so far, as market activity has tapered off a bit, but we are only half way through the month.
At the midway point here in February, 9 homes have gone under contract and 5 homes have officially sold. Here is a list of all homes that recently went under contract along with their final list price.
Summary: With so much uncertainty in the market, there are still a lot of buyers on the sidelines just waiting for … (4 comments)
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buying in solon: Solon Real Estate- Monthly Marketing Report January 2009 - 02/09/09 07:47 AM
Solon Real Estate - Monthly Marketing Report January 2009
January was one of the snowiest months in Cleveland history as we received over 40" of snow. In addition, temperatures plummeted to a near record low of -13 in the middle of the month.
Despite the weather, the Solon real estate market fared pretty well. Specifically, 9 homes officially sold last month compared with 13 sales in January 2008. However, a real indication of buyer activity is better measured by the fact that 19 homes went under contact in January. While most of these homes haven't transferred, it is important to note that … (6 comments)
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buying in solon: Solon Real Estate - Solon Luxury Home Market Summary - 2008 - 02/02/09 09:54 AM
Solon Real Estate - Solon Luxury Home Market Summary - 2008
SOLON LUXURY HOME STATISTICS 2008
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Average List Price...................... .............................$703,164
Average Sale Price...................................................$664,140
Most Expensive Home Sold........................................$985,000
Average Sale Price per Square Foot.................................151.07
Average House Size (square feet)....................................4473
Average Days on Market...............................................120
Total Sold..................................................................49
PRICE BAND COMPARISONS
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Luxury homes SOLD from $500,000 - $599,000........................16
Luxury homes SOLD from $600,000 - $699,000.........................17
Luxury homes SOLD from $700,000 - $799,000.........................10
Luxury homes SOLD from $800,000 - $899,000..........................5
Luxury homes SOLD from $900,000 and up...............................1
… (9 comments)
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buying in solon: Signature of Solon - Luxury Gated Golf Course Community - 01/25/09 08:57 PM
SIGNATURE OF SOLON
Signature of Solon is a prestigious gated golf course community consisting of two phases, Signature I and Signature II. Signature has 354 home sites, ranging in price from $600,000 - $1,000,000 +. The following will provide helpful information about this Solon luxury home community including a video of Signature at the bottom.
Overall, homes in Signature have all been built within the last 10 years with some new construction and lots still available.
Homes in Signature I are located in close proximity to the golf course and club house. Many also have golf course views. Homes in Signature II are … (6 comments)
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buying in solon: Solon Real Estate- Bi-Monthly Marketing Report January 2009 - 01/17/09 10:56 AM
The weather outside may be the coldest we've seen in years, but the Solon real estate market is heating up. Naturally, it is way too early to make predictions on how our market here will end up in 2009 but the real estate market here is Solon is off to a very good start.
Specifically, as we are now midway through the month of January, 13 homes have gone under contract. That is almost a home a day, an unbelievable statistic considering all of the negative news we have all seen and read regarding real estate. There were only 9 homes under contract at … (2 comments)
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buying in solon: Solon Oh Real Estate - 2008 Year End Housing Summary - 01/08/09 09:54 AM
Solon Oh Real Estate - 2008 Year End Housing Summary
2008 was a good year for Solon real estate. Being ranked as the #1 suburb in the Cleveland area by Cleveland Magazine for the last 2 years and also having one of the top rated school districts in the state has kept Solon somewhat isolated from the major problems that many other local communities are having.
I know what a lot of people are thinking, how could it have been a GOOD year when the media is constantly painting a picture of doom and gloom in the real estate market? Well, for starters, … (0 comments)
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Dan and Amy Schuman- Cleveland OH Luxury Real Estate
Solon,
OH
More about me…
Howard Hanna Real Estate Services
Address: 28879 Chagrin Blvd, Cleveland, oh, 44122
Office Phone: (216) 831-0210
Cell Phone: (216) 346-3235
Email Me
Welcome to our Active Rain blog, a platform we use to communicate to buyers, sellers, and other real estate professionals. We cover topics relating to real estate but discuss other subjects as well, including our local area, Cleveland, Ohio. We want everyone reading to come away feeling that the time spent here was worthwhile. Thank you for visiting our blog.
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