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.

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