Solon Ohio Monthly Market Report - February 2011
Here is our monthly market report for Solon Ohio real estate for February 2011. We will first list all the homes that sold in February and then give a brief commentary.
5660 Elm Hill Dr | $184,250 |
5749 Som Center Rd #5 | $249,500 |
34720 Sherbrook Park Dr | $285,000 |
34516 Blue Heron Dr. | $319,000 |
7028 Navajo Trl | $400,000 |
6754 Winston Ln | $575,000 |
Month # of homes sold Ave. Sales Price
Feb.2011 6 $335,458
Feb.2010 12 $236,083
*source NEOHREX ( Regional MLS )
COMMENTARY:
The number of homes that sold last month was considerably less than the number of homes that sold in February of 2010. However, the average sales price was significantly higher. The key thing to realize is that because of the first time home buyer tax credit, the number of sales during the first 4 months of 2010 were much higher than normal, but tapered off during the remainder of the year.
Last month saw a mix in terms of prices for home sales. Here is a map that shows the specific location of last months' sales.
*Map Source NEOHREX
Moving forward, the winter months are typically the slowest, so there is not reason for alarm. We are actually seeing a lot of activity in the luxury home market as affluent buyers are feeling more confident about buying. We anticipate the spring market to pick up after the middle of March.
Below Are Other Articles Of Interest Relating To Solon Ohio market reports:
Solon Ohio Home Value Report 2010 year in review
Solon Ohio Luxury Homes Year In Review 2010
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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 Ohio Monthly Market Report - February 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©March, 2011
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