Solon Ohio Monthly Market Report - February 2011

By
Real Estate Agent with Howard Hanna Real Estate Services

Solon Ohio Monthly Market Report - February 2011

 

solon home value report

 

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 of solon home sales feb 2011

 

 *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.

 

Homes For Sale in Cleveland OH What's my Cleveland Home Value

 

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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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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Dan and Amy, I loved the fact that your home prices were higher this year over last year.

Mar 02, 2011 05:15 AM #1
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Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Jerry - Thanks for stopping by. Yes, it's nice that the average sales price is higher, hopefully we'll start to see an increase in sales as well.

Mar 03, 2011 12:47 AM #3
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