Solon Home Statistics

SOLON HOME STATISTICS

Here is a list of all homes that officially transferred in July and August 2009. We will provide market insight and commentary after the list.

 

   
7201 Som Center $61,000
35675 Pettibone $90,000
31845 Bainbridge Rd $102,000
35990 Timberlane Drive $135,000
6959 Som Center $135,000
6569 Arbordale $145,000
6421 Huntington Dr $155,000
7061 Som Center  $155,000
34595 Bainbridge Rd $171,000
7437 Cromwell Dr $178,500
6765 Edgemoor Ave $181,000
6575 Duneden $185,000
6583 Edgemoor $194,000
33260 Wagon Wheel Dr $211,500
7248 Selworthy $214,000
32547 S Roundhead $218,000
37141 Deer Run Rd $220,000
32182 Springside $235,000
36085 Pepper Drive $241,500
7238 Selworthy $258,000
37171 Deer Run $260,000
6020 Briardale $265,000
34261 Southside Park Dr $275,000
5114 Cheswick $277,000
34355 Country View $280,200
6123 Concord $285,000
6985 Liberty Rd $308,000
32487 Seneca $312,000
7646 Lindsay $323,300
34272 Summerset Dr $337,000
33555 Tallyho Ct  $340,000
6257 N Huntington $342,000
36650 PEPPER Dr $345,000
34512 Summerset Dr  $362,500
7231 Longview Dr  $370,000
6224 Arbor Glen Ct  $395,000
6516 Woodbury Dr $400,000
7020 Navajo Trl  $400,000
7168 Longview Dr  $413,000
34540 Seminole Way $420,000
38195 Flanders Dr $420,000
7615 Royal Portrush Dr $450,000
35825 Michael Dr  $462,500
7083 Navajo Trl $470,000
7582 Capilano Dr $485,000
38480 Flanders $500,000
7239 Castle Pines Dr $507,500
38990 Glenlivet Ct $512,725
38360 Flanders Dr $525,000
37920 Flanders Dr $535,000
6601 Limberlost Ct $595,000
7332 Capilano Dr $606,000
38195 McDowell Dr $625,000
7468 Stockwood Dr $636,000

 

Overall, July and August sales were a result of the active spring market. As previously predicted in past articles, these Solon home statistics indicate that a large number of families wanted to close on their Solon home prior to the beginning of the school year. 

The list above indicates that 54 homes officially transferred during July and August at an average sales price of $320,550. Last July and August saw 61 sales at an average price of $369,771.

SUMMARY

Overall, sales and average sales price are still down in 2009 compared to last year. Through 8 months, we have 166 sales in 2009 compared to 175 sales through the same period in 2008. While the number of sales is pretty close, the average sales price in Solon this year is $300,482 compared to $351,307 in 2008.

As has been discussed in previous Solon home statistics reports, the large number of foreclosures and short-sales that has occurred during this year, especially during the beginning of the year, has affected the average sales price. In addition, the Solon luxury home market, specifically homes priced over $750,000, has been almost non-existent. While there are homes selling in the $500,000-$700,000 range, the upper end of the Solon luxury home market is not seeing sales. 

With the exception of homes in the upper level of the solon luxury home market, homes priced fairly in any price bracket here in Solon should still expect to sell quiker than average, but prices still remain much below the highs seen in 2003.

While the summer market is over, the fall market can actually be busier in terms of sales than at any other time of the year. There are many buyers who choose to wait until after the summer rush. They believe that they can find good deals, especially on homes that have been on the market since spring. Sellers now need to get more realistic on price or risk having to keep their home on the market through another tough Cleveland winter.

Check out previous Solon Ohio market reports:

May 2009 Market Report Solon Ohio

April 2009 Market Report Solon Ohio

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

February 2009 Market Report Solon Ohio

January 2009 Market Report Solon Ohio 

2008 Year End Housing Summary Solon Ohio

2008 Luxury Market Report Solon Ohio

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About The Authors:

Dan and Amy Schuman are Solon residents. They specialize in luxury homes, working with buyers relocating to Solon, and home staging.

If you are looking to buy or sell a home in Solon or the surrounding Eastern suburbs, please contact the Schuman Team.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

VIEW ALL SOLON HOMES FOR SALE BY CLICKING BELOW

 

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Solon Market Statistics is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Sept,2009  

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