Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Solon OH Luxury Homes -Bi-Annual Market Report 2010
 
 Solon OH Luxury Homes -Bi-Annual Market Report 2010


Here is our official bi-annual market report for Solon Luxury Homes complete with a comparison to 2009. Commentary will be given after the following Solon luxury home statistics. 
Please keep in mind that in the Cleveland real estate market, the definition of a luxury home is one that sells for at least $500,000.
Here are all luxury homes that sold in Solon during the first half of 2010:

 
FIRST HALF OF 2010 VS. FIRST HALF 2009 COMPARISON
 
Luxury Sales     # of Homes Sold        Ave. Sales Price              Ave. Days on Market
2010                        14                      $627,304                             181
2009                        18                      $619,981                             128 
 
Highest Sale = $1,174,900
          
Commentary:
The first half of 2010 was similar to the same time period in 2009. Although there were not as many sales, the average sales price is higher so far this year. The main difference between this year and last is there are not as many bank owned or distressed sales, which may be the reason the average sales price is higher this year.
The $500,000-$700,000 price point is still the most popular for luxury home buyers in Solon. Very few sales have occurred over this price although we did recently have 1 ... more

__________________________________________________
Are you on The Rain? Grow Your Network!