Solon OH 44139 - Home Value Report First Quarter 2011

By
Real Estate Agent with Howard Hanna Real Estate Services

 

Solon Ohio 44139 - Home Value Report First Quarter 2011

 

solon real estate report

 

Here is our quarterly report for Solon OH home values for the zip code 44139, excluding Glenwillow. We will first provide a list of all the homes that sold in Solon during the first three months of 2011, show a comparison to the same period of time in 2010, and finally give our analysis at the end. We will also show statistics for last month and compare them to March 2010 as well.

ALL SOLON HOME SALES FIRST QUARTER 2011

 

27250 Cannon Rd $51,500
32731 Baldwin Rd $78,000
7134 Hollyhock Ln $94,567
7669 Som Center Rd $98,000
7026 Som Center Rd $105,000
31275 Arthur Rd $112,000
28050 Aurora Rd $115,000
33500 Baldwin Rd $120,000
7275 Som Center Rd $135,900
6674 Edgemoor Ave $163,500
6734 Edgemoor Ave $175,000
113 Meadow Ln $175,000
5650 Janet Blvd $176,260
5660 Elm Hill Dr $184,250
5645 Emerald Ridge Pkwy $190,000
31470 Birch Cir $195,000
32899 Charmwood Oval $195,000
6935 Fox Hill Dr $215,167
37175 Windy Hill Ln $232,000
5749 Som Center Rd #5 $249,500
36505 Churchill Dr $250,000
33205 Rockford Dr $250,000
7333 Winchester Dr $265,000
7040 Woodduck Ct $275,000
34720 Sherbrook Park Dr $285,000
34516 Blue Heron Dr $319,000
7028 Navajo Trl $400,000
7365 Joseph Dr $495,000
6452 Dorset Ln $525,000
6754 Winston Ln $575,000
37282 Tidewater Dr $700,000
38267 Flanders Dr $715,000

 

 

 

 All Sales           # of homes sold       Ave. Sales Price              

March 2011              17                      $189,019               

March 2010              16                      $248,847

1st Quarter 2011     32                      $253,583

1st Quarter 2010     37                      $256,032 

*source NEOHREX ( Regional MLS )

COMMENTARY:

It's hard to believe but the first quarter of the year is already behind us. As is typical in the beginning of the year, there are a lot of sales in the lower end of the pricing spectrum, a result of bargain shoppers buying during the cold weather months.

Sales and average sales price are both down slightly compared to 2010, but it's too early to call this a major trend. There are quite a few buyers looking, but most won't actually make a buying decision unless they see tremendous value. That being said, homes that really stand out compared to the competition will still sell, some rather quickly.

Overall, values of homes here in the Solon Oh area are still treading water so to speak. We are simply not seeing a lot of movement, especially in the Solon luxury home market, where increased sales here can really help drive up the average sales price.

The great news is that this a great time to buy. In fact, Cleveland recently made Fortune Magazine's list of the Top Cities To Buy A Home.

 

 

Below Are Other Articles Of Interest Relating To Solon OH:

Solon - A Special Community

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.

 

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

 

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Solon OH 44139 - Home Value Report First Quarter 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2011

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Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

That is such a wide range...are those lower ones condo's maybe or distressed?  I just did our market reports today...will float them over to AR later this week.

Cindy in Indy

Apr 11, 2011 02:40 PM #1
Rainmaker
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Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

A few were indeed distressed, although I would say that overall, we don't have a huge inventory of distressed homes in Solon. A decent amount were on main roads, so it appears like bargain hunting.  

Apr 12, 2011 08:56 AM #2
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