Monthly Archives: January 2009

Solon OH Real Estate – Thornbury of Solon

Solon OH Real Estate – Thornbury of Solon

Thornbury of Solon is a picturesque luxury home development located in Solon with over 250 newer homes situated on beautiful lots of at least .5 acres.

 Thornbury of Solon

 

Thornbury is located toward the easternmost part of Solon. There are 2 entrances to Thornbury, one off Bainbridge Rd and one entrance off Aurora Road. Although it is nestled inside a fairly large development, there is a small neighborhood feel to Thornbury as there is always someone riding a bike, jogging, walking their dog, or just out being friendly. Thornbury is one of the most desirable developments in all of Solon.

 

 

 

All homes in Thornbury of Solon have been built within the last 10 years with some new construction and lots still available. The housing within Thornbury consists mainly of single-family residences but there is a large area of condo/cluster homes as well. Homes in Thornbury range in value from $500,000-$800,000.

One drive through the development will leave no doubt as to why Thornbury is viewed by many as one of the most exclusive luxury developments in Solon. The lush well-manicured lawns, attractive exteriors, and large lots make Thornbury a popular place to live.

Homes here were built with the finest of materials by custom home builders with reputations for excellence such as: Casa Construction, Kimball Hill Homes, Manorbrook Homes, Palmeri Builders, R.A. Young Builders, and  Simcon Homes. The fact that so many different builders built in Thornbury make it somewhat unique as no home is alike.

 

 

Thornbury of Solon

Thornbury of Solon

    

Most of the single-family homes have an open floor plan, impressive 2-story entryway, first floor office, standard living room and dining rooms, gourmet kitchens with top of the line appliances, a 2-story great room and a luxurious master suite located on either the first or second floor. High-end finishes and attention to detail help distinguish Thornbury from other developments. Many homes contain large finished basements with exercise rooms, home theaters, play rooms, and a full bathroom. Some also have additional bedrooms perfect for a nanny or in-law area.

There is also an area of luxury cluster homes located off the Bainbridge entrance that was built by Dinallo and Wittrup Homes, known throughout the Solon area for their quality and attention to detail. Most of these homes have open floor plans, vaulted ceilings, first floor master suites and either a deck or screened-in porch. Most of these homes have 3 bedrooms and are either ranch or colonial in style.

The cluster homes are viewed as lower maintenance living and there is a monthly fee associated to cover landscaping and snowplow.

 Thornbury of Solon Playground

 

 

Thornbury of Solon also has a common playground, walking trail, and sidewalks.

 

 

 

 

 

 

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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 OH Real Estate – Thornbury of Solon is the property of The Schuman Team and may not be duplicated or used  without their written consent. ©2009

Signature of Solon – Luxury Gated Golf Course Community

SIGNATURE OF SOLON

Signature of Solon is a prestigious gated golf course community consisting of two phases, Signature I and Signature II. Signature has 354 home sites, ranging in price from $600,000 – $1,000,000 +. Homes in Signature have all been built within the last 8 ySignature of Solon homes and golf courseears with some new construction and lots still available.

Homes in Signature I are located in close proximity to the golf course and club house. Many also have golf course views. Homes in Signature II are located closer to the tennis courts and pool and are more likely to have larger lots of at least an acre. Signature II also has a development of lower maintenance cluster homes. These homes require a monthly association fee. Contact The Schuman Team for more details on specific monthly costs.

The development is located off Aurora Road, just East of Pettibone Road.

There are several different builders represented in both phases of Signature including: A and M Builders, Dinallo and Wittrup, Millstone Builders, Myers Homes, P. Perrino, Prestige Homes, R.A. Young, and Simcon Homes.

Homes in Signature of Solon are well laid out for today’s life style. Most of the floor plans are open and have dramatic two story entry ways and spacious adjoining kitchen and family rooms. Many homes in Signature have first floor master bedrooms although there are plenty of homes with all bedrooms located on the second floor. The typical design will usually include a 1st floor office in addition to the standard formal living and dining rooms. While some of the cluster homes have 3 bedrooms, most homes in Signature have at least 4 Bedrooms and 3 full baths. Many also have a finished basement and a 3 car garage.

In 2008, the average price of a home in Signature of Solon was $670,850 and the average square footage was 4312.

The Signature housing development was designed around prestigious Signature Country Club, which is a major draw for those that enjoy a golf course community. Signature offers a prGolf Course Communityofessionally designed 18 hole golf course, a swimming pool, tennis courts, and a fitness area. Membership to Signature Country Club is a requirement for anyone buying a home in Signature of Solon. Membership is also available to those who live outside of Signature of Solon.

The clubhouse is one of the largest in the entire state and offers casual and formal dining as well as a lounge with a pool table, fitness area, and an Atrium. The family room allows members to wear jeans and shorts and provides a great atmosphere for kids as it is surrounded by numerous TV’s. There are also private rooms available for small parties and well as large ballrooms that are used for weddings and Bar Mitzvahs.

 

In general, it is a very young and unpretentious club and is extremely kid friendly. There are a ton of events held for families such as a Fourth of July cookout and fireworks extravaganza, and the annual Halloween party. There are also events that are just for adults. If you don’t golf, a social member can still enjoy the fitness and dining facilities, the pool, and the many events that take place throughout the year. 

 

Signature of Solon Pool

 

 

 

The Schuman Team are proud members of Signature of Solon and would be happy to show it to you.   For information on membership costs or if you have further questions on Signature let us know and we’ll be happy to provide you additional information.

 

 

 

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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

 

Signature of Solon – Luxury Gated Golf Course Community is the property of The Schuman Team and may not be duplicated or used  without their written consent. ©2009

Before and After Pictures – Orange School District

Here is a home just outside Orange Village, Ohio that we recently staged. It just went on the market in December and has been very well received by buyers and the real estate community.

 

 Family Room Before

                          Before

 

Family Room After

                           STAGED

 

Master Bedroom Before

                         Before

 

Master Bedroom After

                         STAGED

                      

Bathroom Before

                Before

 

Bathroom After

                             STAGED

 

 

Dan and Amy Schuman are experts in the Eastern suburbs of Cleveland. Amy is an ASP, Accredited Staging Professional, and uses her home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

To see all homes currently on the market in the Cleveland area, click here.

If you are looking to buy or sell a home in or around the Eastern suburbs of Cleveland and would like a personal consultation, please contact us as we would be happy to show you why people love working with the Schuman Team.

 

Luxury Home Market Summary 2008 – Cleveland Eastern Suburbs

The luxury home market in the Eastern suburbs of Cleveland was down in 2008 compared with 2007. To begin, a luxury home in this market area is categorized by the Institute for Luxury Home Marketing as those selling for at least $500,000. In 2008, 109 luxury homes sold compared to 164 in 2007. The specific suburbs included in these figures were: Bentleyville, Chagrin Falls, Gates Mills, Hunting Valley, Moreland Hills, Orange, Pepper Pike, and Solon.

In addition, 14 homes sold for over $1,000,000 in 2008 compared to 27 in 2007.

Summary: Although total numbers were down, there is some good news. The average price of a luxury home in the Eastern suburbs of Cleveland has been close to $800,000 over the last 4 years with the average price per square foot remaining roughly the same over that period of time as well.

However, there are currently 179 luxury homes for sale in the above mentioned suburbs. Consequently, there is now an 18 month supply of luxury homes on the market. If a seller of a luxury home really wants to sell in 2009, their home needs to be very competitively priced and staged. For a list of all luxury properties currently on the market, please click here. If you would like additional information, please click here to contact a member of the Schuman Team.

Dan and Amy Schuman are experts in the Eastern suburbs of Cleveland. We use our home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

Solon Real Estate- Bi-Monthly Marketing Report January 2009

The weather outside may be the coldest we’ve seen in years, but the Solon real estate market is heating up. Naturally, it is way too early to make predictions on how our market here will end up in 2009 but the real estate market here is Solon is off to a very good start.

Specifically, as we are now midway through the month of January, 13 homes have gone under contract. That is almost a home a day, an unbelievable statistic considering all of the negative news we have all seen and read regarding real estate. There were only 9 homes under contract at the same time in 2008, so for now, we are ahead of last year’s numbers.

Summary: While winter months can be a little slower in terms of real estate sales, there are always very good deals to be had during cold weather months. There are some sellers who were unable to sell during the fall and have become suddenly more motivated as temperatures plunge.  Maybe the winter heating bills are motivating factors or perhaps some of these sellers have already purchased other homes and are simply tired of holding on to two properties. Regardless of the reason, some sellers become extremely motivated and cooperative during the winter and buyers are taking notice.

This month, 5 out of the 13 homes recently under contract were either bank owned or distressed properties. Some banks are becoming very aggressive with their pricing. A few of the homes on this list sold very quickly, some even had multiple offers, indicating there is a demand for a well-priced home in a desirable community such as Solon. In addition, mortgage rates are at their lowest point in over 30 years, making housing much more affordable. There may be light at the end of the tunnel.

For a list of addresses and specifics on the 13 homes that have gone under contract, please email us and we will be happy to forward you the information. Also, if you are looking to buy or sell a home in Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.

 

Dan and Amy Schuman are Solon residents. We use our home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

Real Estate Market Summary 2008 – Pepper Pike

2008 was an off year in real estate in Pepper Pike. However, having an excellent rated school system and homes that typically sit on 1.0+ acre wooded lots still makes Pepper Pike one of the most desirable and exclusive communities on the east side of Cleveland.

In terms of average sales price, home values in Pepper Pike have fluctuated over the last 5 years. In 2008, the average price of a home in Pepper Pike was $440,743, the lowest this number has been since 2003. In 2007, the average price of a home was $512,435. The lone bright spot was that the average price per square foot increased from 2007 to 2008, from $123.13 to $130.15.

Market time has steadily increased as well over the last 4 years. In 2005, average market time in Pepper Pike was 88 days. This number has inched upwards and in 2008, it took 133 days, on average, for a home to sell in Pepper Pike.

Pepper Pike Luxury Homes- In terms of luxury homes, which are those that sell for over $500,000 per the Institute for Luxury Home Marketing, 17 luxury homes sold in Pepper Pike in 2008, which is the lowest this figure has been in over 5 years. In 2007, 32 luxury homes sold in Pepper Pike.

Commentary: The problem over the last few years is that sellers had unreasonable expectations of the value of their home based on unprecedented appreciation during the early part of the decade. During the real boom years of 2003-2006, homes in Pepper Pike, and surrounding areas as well, were statistically appreciating at much higher rates than normal. So, instead of focusing on realistic market conditions, many sellers would price their homes based on the market continuing to appreciate at an unrealistic pace. Many sellers merely priced themselves out of the market and did not properly react to the downturn. This can be evidenced by the fact that more than twice as many homes didn’t sell in 2008 than sold ( 138 vs 66 ).

Also, today’s buyers have expectations that in order for them to pay market value for a home, it should be updated and in move in condition. Homes that have not been updated recently linger on the market and often do not sell. Buyers will pass these up for a similarly priced home that is more updated. Today’s buyers simply do not want to put a lot of money into a home.

As the statistics indicate, sellers are still selling provided they are competitively priced to what the market will bear.

For more information on the Pepper Pike housing market or for a personal consultation, contact Dan Schuman of the Schuman Team at 216-346-3235 or visit us on the web at www.schumanteam.com.

 

Real Estate Market Summary 2008 – Moreland Hills

2008 was a decent year in real estate in Moreland Hills. Despite all of the negativity in the media, it wasn’t all doom and gloom here as 40 homes sold in 2008 compared to 43 homes that sold in 2007. Having an excellent rated school system and homes that typically sit on 1.5+ acre wooded lots makes Moreland Hills one of the most exclusive communities on the east side of Cleveland.

In terms of average sales price, home values in Moreland Hills have fluctuated over the last 5 years. In 2008, the average price of a home in Moreland Hills was $483,925. In 2007, the average price of a home was $531,436, which was up from 2006 when it was $500,272.

Market time has steadily increased as well over the last 5 years. In 2004, average market time in Moreland Hills was 99 days. This number has inched upwards and in 2008, it took 130 days, on average, for a home to sell in Moreland Hills.

Moreland Hills Luxury Homes – In terms of luxury homes, which are those that sell for over $500,000 per the Institute for Luxury Home Marketing, 10 luxury homes sold in Moreland Hills in 2008, which was exactly 25% of the total number of homes sold. This number is the lowest over the last 5 years. In 2007, 21 luxury homes sold in Moreland Hills, which accounted for almost 50% of all total sales.

Commentary: The problem over the last few years is that sellers had unreasonable expectations of the value of their home based on unprecedented appreciation during the early part of the decade. During the real boom years of 2003-2006, homes in Moreland Hills were statistically appreciating at much higher rates than normal. So, instead of focusing on realistic market conditions, many sellers would price their homes based on the market continuing to appreciate at an unrealistic pace. Many sellers merely priced themselves out of the market and did not properly react to the downturn. This can be evidenced by the fact that more than twice as many homes didn’t sell in 2008 than sold ( 87 vs. 40 ).

As the statistics indicate, sellers are still selling provided they are competitively priced to what the market will bear.

For more information on the Moreland Hills housing market or for a personal consultation, contact Dan Schuman of the Schuman Team at 216-346-3235 or visit us on the web at www.schumanteam.com.

Real Estate Market Summary 2008 – Beachwood, Ohio

2008 was a good year in real estate in Beachwood. Despite all of the negativity in the media, it wasn’t all doom and gloom here as there were as many homes sold in Beachwood in 2008 as there have been on average over the last 5 years. Having one of the top rated school districts in the state, great amenities, and low property taxes helps make Beachwood a desirable community in which to live.

Statistically, 97 homes sold in Beachwood in 2008, which is just a few less than sold in 2007 and more than sold in 2006.

Here’s the not so good news. The average home price in Beachwood has steadily declined since 2005 when the average price for a home was $305,487. In 2008, the average price of a home in Beachwood was $249,545. In 2007, the average price of a home was $261,158.

Market time has steadily increased as well over the last 5 years. In 2004, average market time in Beachwood was 70 days. This number has slightly increased every year since and in 2008, it took 92 days, on average, for a home to sell in Beachwood. However, the average market time in the Cleveland metropolitan area was over 100 days, so homes are statistically selling quicker in Beachwood than in many areas of Cleveland.

Commentary: The problem over the last few years is that sellers had unreasonable expectations of the value of their home based on unprecedented appreciation during the early part of the decade. During the real boom years of 2003-2006, homes in Beachwood were statistically appreciating at 5-9% a year. Normal yearly appreciation here in Beachwood and Northeast Ohio in general is only about 2-3%. So, instead of focusing on realistic market conditions, many sellers would look to see what similar homes were selling for and add 10% to get their listing price as they assumed the market would keep going up at this unrealistic pace. Many sellers merely priced themselves out of the market and did not properly react to the downturn. It has taken 2 years for sellers here to realize that the market is depreciating and to become more realistic with their price if they really want to sell.

The Beachwood Luxury home market statistics have also significantly decreased over the last 5 years. Luxury homes in the Cleveland area, according to the Institute for Luxury Home Marketing, are considered those that sell for over $500,000. In 2005 and 2006, 9 luxury homes sold in Beachwood, which accounted for about 10% of all sales. This number has steadily declined to where only 2 homes over $500,000 sold in Beachwood in 2008. Added to that, there were many bank owned and distressed properties that sold as well. These two factors along with the credit crises and overall state of the economy helped to push prices down in Beachwood.

As the statistics indicate, sellers are still selling provided they are competitively priced to what the market will bear.

On the other side, news is great for home buyers. Rates are at historically low levels and there are a lot of affordably priced homes here in Beachwood. There has never been a better time for a buyer.

For more information on the Beachwood housing market or for a personal consultation, contact Dan Schuman of the Schuman Team at 216-346-3235 or visit us on the web at www.schumanteam.com.

 

Real Estate Market Summary 2008 – Orange Village Ohio

2008 was a good year for Orange real estate. Having an excellent rated school system and having a limited inventory of homes makes Orange a desirable place to live.

I know what a lot of people are thinking, how could it have been a GOOD year when the media is constantly painting a picture of doom and gloom in the real estate market? Well, for starters, there were just as many homes SOLD in Orange in 2008 as in 2007, a total of 37 homes in each year. In fact, over the last 5 years, Orange has averaged just under 40 homes sold per year. Homes also sold quicker in 2008 than they did in 2007 and 2006.

Now here’s the not so good news, the average sales price of a home in Orange went down in 2008. Here is a brief summary of a comparison between 2008 and 2007. 

All Sales     # of homes sold     ave. sales price     ave. days on market

2008                37                     $301,994                  90 

2007                37                     $402,863                  133

Commentary: Overall, homes are selling in Orange and quicker than they have on average since 2005.  The average sales price in 2008 of $301,994 vs. the average sales price of $402,863 in 2007 at first glance looks very concerning as it appears that homes in Orange decreased in value over 20%. However, with such a small number of sales, statistics can be somewhat misleading. Yes, values have gone down over the last 5 years but bank owned homes and short-sales contributed to the unusually low average sales price in 2008. Taking out distressed property, the average home price in Orange this past year was closer to $332,000 while the average sales price over the last 5 years has been $370,000.

The main problem over the last few years is that sellers had unreasonable expectations of the value of their home based on unprecedented appreciation during the early part of the decade. During the real boom years of 2003-2006, homes in Orange were statistically appreciating at 5-9% a year. Normal yearly appreciation here in Orange and Northeast Ohio in general is only about 2-3%. So, instead of basing their price on realistic market conditions, many sellers would look to see what similar homes were selling for and add 10% to get their listing price. They assumed the market would keep going up at this unrealistic pace. Many sellers merely priced themselves out of the market and did not properly react to the downturn. It has taken 2 years for sellers here to realize that the market is depreciating and to become more realistic with their price if they really want to sell.

On the other side, news is great for home buyers. Rates are at historically low levels and there are a lot of competitively priced homes here in Orange.

For more information on the Orange housing market or for a personal consultation, contact Dan Schuman at 216-346-3235 or visit us on the web at www.schumanteam.com.

How We Sold A Vacant Home in Only 2 Weeks….Home Staging!

We are full time Realtors and my wife and partner Amy is also an Accredited Staging Professional, ASP. Having our listings STAGED and ready to SELL has made a huge difference in getting our listings sold. The average market time in our area is 100 days, and our listings sell in less than 60 days as a direct result of our staging efforts. Here are some BEFORE AND AFTER photos of a home in Orange Village, OH, a suburb just outside Cleveland, that we recently sold in just 2 weeks.

 

 Family room not staged

BEFORE

Family room staged

STAGED

 

 Living Room Before

 BEFORE

 

Living Room Staged

 STAGED

Master Bedroom Before

BEFORE

 

Master Bedroom Staged

STAGED

The seller put in very little money but the results were amazing. The buyer actually saw this home when it was previously listed by another agent and didn’t like it. When they came back in after it had been staged, they fell in love with it. They couldn’t believe it was the same home. 

It is so important for agents and sellers to understand the power of presenting a home properly. Although many buyers say they have “vision”, most simply do not and end up buying the most finished looking product in their price range.

To view a brief slide show of before and after photos of this home, please visit us at www.homesthatwow.com.