Here is our monthly market report for real estate in Solon OH for the month of February, 2014.
First, we will provide a list of all home transfers for last month, including the names of buyers and sellers, if available.
Then, we will give market statistics of homes that sold last month, with a comparison to the previous year. We will provide our commentary at the end.
HOMES SOLD IN SOLON - FEBRUARY 2014
ADDRESS PRICE BUYER SELLER
32950 Arthur Rd $72,000 Pat Twietmeyer George Wormley
33620 Baldwin $86,916 NA FNMA
6573 Arbordale $107,250 American Millenium Mildred Suchecki
6712 Som Center $112,000 Sb Ohio Properties ChrisHuang
28425 Cannon Rd $140,000 NA FNMA
32705 W Nimrod $189,000 Vincent Montague Byron Spurr
32603 S Burr Oak $191,718 William Franz US Bank
32000 Cannon Rd $223,500 Ron Paul Michael Stein
5465 Som Center $247,000 Katherine Koczan Hossein Bazldjoo
6515 Clearwater Ct$334,000 Alvin Salzinger Carrington Ct
7257 Formby Dr $335,000 Arthur Kopittke Molly Conway
6694 Brandamore $435,000 NA Ginger Campopiano
7536 Royal Portrush $455,000 Vanisree Velamoor Chengkui Qu
7563 Royal Portrush $720,000Sridhar Jaladi M Tervalon Trust
39740 Patterson Ln $790,000 Scott Elliott John Kunkel
SOLD HOME STATISTICS SOLON OHIO - FEBRUARY 2014
Date # of homes sold Ave. Sales Price
February 2014 15 $295,892
February 2013 13 $340,192
*source NEOHREX ( Regional MLS )
COMMENTARY:
We've gotten off to a decent start in 2014. The actual number of sales so far is higher than in 2013, which was a fantastic year in real estate. It's simply too early to tell if this year will be better, but the signs do show promise.
As predicted, the number of homes for sale has increased from last month as smart sellers are looking to get an early jump on the spring market. We saw 6 homes come on the market this past week and 29 since February 1st. There are currently 71 active listings, up from 62 this time last month.
MOVING FORWARD:
We anticipate things slowing down right around spring break but will then pick up significantly as we head into April. There will be a ton of homes coming onto the market over the next 90 days, creating a lot of activity for buyers and sellers. The hottest market is in the $300,000-$400,000 price point, where nice homes can expect to sell very quickly, perhaps in a matter of days.
If you are thinking about selling your Solon home, you should seriously consider taking advantage of a strong market this spring. There are no guarantees next year will be any better, so waiting may not be worth the risk.
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About The Authors:
Dan and Amy Schuman specialize in Solon Oh Luxury Homes and both have designations pertaining to their expertise in selling luxury homes. Dan is an Accredited Luxury Home Specialist and Amy holds the Certified Luxury Home Marketing Specialist designation.
For Ohio and Solon Oh real estate and luxury 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 Homes Report - February 2014 is the property of The Schuman Team, including all photos, and may not be duplicated or used without their written consent. ©March 2014
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