Solon Ohio Real Estate 44139 - Quarterly Market Report First Quarter 2012
Here is our first quarter market report for homes in Solon OH for the zip code 44139, excluding Glenwillow. We will first provide a list of all the homes that sold in Solon during the first quarter of 2012, give a comparison to the same time period in 2011, and then give our commentary.
ALL SOLON HOME SALES FIRST QUARTER 2012
| 30120 Miles Rd | $60,500 |
| 34185 Maple Dr | $82,500 |
| 5701 Spring Grove Dr | $94,000 |
| 5683 Spring Grove Dr | $108,000 |
| 6879 Highland Dr | $122,500 |
|
6671 Glenallen Ave
|
$142,000 |
| 33035 Arlesford Dr | $142,800 |
| 35890 Aurora Rd | $152,000 |
| 7218 Selworthy Ln | $194,000 |
| 5700 Janet Blvd | $195,000 |
| 5162 Cheswick Dr | $214,000 |
| 5067 Cheswick Dr | $216,000 |
| 32785 N Roundhead Dr | $225,000 |
| 6445 Windy Willow Dr | $237,000 |
| 32200 Miles Rd | $247,000 |
| 34850 Solon Rd | $250,000 |
| 32520 Seneca Dr | $261,000 |
| 34175 Ada Dr | $262,000 |
| 39839 Alsace Ct | $266,400 |
|
32900 Aspen Glen Dr
|
$300,000 |
|
30151 Wedgewood Dr
|
$314,000 |
| 6541 Woodbury Dr | $334,000 |
| 36317 Blue Grass Oval | $360,000 |
| 37171 Landings Dr | $420,000 |
| 39840 Alsace Ct | $425,000 |
| 38595 Flanders Rd | $519,000 |
| 6683 Winston Ln | $600,000 |
| 32965 Brighton Park Blvd | $710,000 |
| 37450 Broadstone Dr | $920,000 |
All Sales # of homes sold Ave. Sales Price
March 2012 9 $260,322
March 2011 16 $188,958
1st Quarter 2012 29 $288,748
1st Quarter 2011 30 $255,838
*source NEOHREX ( Regional MLS )
COMMENTARY:
The numbers don't accurately reflect the current state of the market, which has been strong over the past 60 days. These first quarter sales are a result of market activity that took place during at the end of 2011 and very beginning of this year. Basically, the above sales occurred before the market started to pick up steam.
If you poll local real estate agents, especially in the Solon market, they will concur with us that the market has really started to strengthen. The fact that there are currently 55 homes under contract backs up our position. Furthermore, 28 of these current "pending" sales took place when the home had been on the market for less than 60 days. We personally have been involved with a half dozen sales this year when the days on market of the home had been less than 40 days. We are even starting to see buyers fight over homes in terms of multiple offer situations.
Moving forward, it's too early to tell if the latest increase in activity is going to be a long-term trend, but buyers certainly seem to be feeling much more confident about the economy and the housing market.
While we are not yet ready to declare this a sellers market, the pendulum is certainly starting to swing ever so slightly in that direction.
Below Are Other Articles Of Interest Relating To Solon OH:
Money Magazine Ranks Solon Top Places To Live
Newsweek Ranks Solon On Top Schools List
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About The Authors:
Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.
For Ohio and Solon Oh real estate and homes see Solon OH Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Solon OH Real Estate 44139 - Quarterly Market Report First Quarter 2012 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2012
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