Solon Real Estate - Monthly Home Statistics March 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

Solon Real Estate - Monthly Home Statistics March 2010 

 

solon home in spring

 

Here are all the homes that sold in Solon last month:

30730 Woodall Dr $70,000
34330 Maple Dr $128,000
34080 Maple Dr $142,000
6958 Elmwood Dr $145,000
7093 Liberty Rd $149,900
6952 Kingswood Dr $165,000
5655 Woodsmore Dr $217,400
32759 Allenbury Dr $238,500
34436 Blue Heron Dr $273,750
30125 Wedgewood Dr $282,500
32383 Seneca Dr $312,000
7636 Lindsay Ln $315,000
32350 Wintergreen Dr $413,000
209-S/L Hyllwynd $470,000
7373 Royal Portrush Dr $540,000

 

Summary:

March sales this year were better than 2009. Last month saw 15 home sales compared to only 12 in 2009. The sales in March were a direct result of buyers shopping for a home during December, January, and February, typically the slowest months of the year. Looking at the prices of the homes that sold last month, we would conclude that many of these sales were a direct result of buyers looking to take advantage of the home buyer tax credit.

Looking ahead, the next few weeks should be among the most hectic times the real estate industry has seen in years thanks to the home buyer tax credit, which will be expiring on April 30th. Consequently, the next few months should be great for actual home sales in Solon. We currently have 36 homes under contract and more to come this month as buyers try to beat the deadline.  We expect June sales to be above average as a direct result of buyers going under contract this month.

So what happens after the tax credit expires? This is the million dollar question, but many feel that the market will take a small step back as many of the first time buyers will no longer be in the market. However, only a small portion of Solon housing would be considered ideal for a first time buyer in terms of price point, and the spring market should see move up buyers taking advantage of low interest rates and stabilizing market conditions. We expect to see more higher priced homes sell over the next 90-120 days, and inventory increasing as well.

Below Are Other Articles Of Interest Relating To the Solon real estate:

Solon Real Estate - Monthly Home Statistics February 2010 

Solon Luxury Homes - Year In Review 2009

Solon real estate - year in review 2009

Is the tax credit deadline really April 30th?

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About The Authors:

Dan and Amy Schuman are Solon OH residents. They specialize in Solon luxury homes, working with buyers relocating to Solon, and first-time buyers.

For Ohio and Solon OH real estate and homes see Solon real estate

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

VIEW ALL SOLON OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

 

Solon Real Estate - Monthly Home Statistics March 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April,2010 

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Rainmaker
1,100,376
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Nice report Dan and Amy.  Thanks.

Apr 13, 2010 11:58 PM #1
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Thanks for your comments Ocean View, we greatly appreciate it.

Apr 14, 2010 04:58 PM #2
Rainer
174,571
Betsy Schuman Dodek
Washington Fine Properties - Washington DC Area Real Estate - Potomac, MD
SearchPotomacHomes.com

Hello - nice market overview. I need to do a few of these myself!

Apr 14, 2010 11:27 PM #3
Rainmaker
1,049,106
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Dan nice work keeping everyone up to speed on the stats for the Salon Real Estate market!

Apr 15, 2010 12:10 AM #4
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Betsy and Bill, thank you for commenting. We're a little behind with our monthly and quarterly reports as we are swamped with buyers thanks to the tax credit, but that's a good thing.

Apr 15, 2010 02:11 AM #5
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Rainmaker
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Dan and Amy Schuman

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