Monthly Archives: May 2010

Solon OH Real Estate – Affordable Home For Sale

Solon OH Real Estate – Affordable Home For Sale

JUST LISTED

33709 LINDEN DRIVE

LINDEN DRIVE

 

Move right in to this immaculate and very affordable Solon OH home. Located in a great neighborhood, this home features 3 bedrooms and 1.5 baths. Newer carpet in first floor (with hardwood underneath!). All kitchen appliances stay plus extra refrigerator and freezer in basement. Large basement makes a great rec room. Back yard is large for this area and is private and beautiful. New 25 year roof installed in 2003. Bonus room on second floor would make a great office/computer room.

This home is close in proximity to local shopping, the Solon public library, and Solon Schools, rated among the highest in the state of Ohio. You will be hard pressed to find a nicer home in Solon at this price!

 

 Offered at $150,000

 

 

 solon oh living roomsolon oh home for sale kitchensolon oh home for sale BR or office

solon oh home for sale eat in kitchen areasolon oh home for sale back yardsolon oh home for sale finished basement

 

Below are other articles of interest pertaining to Solon OH real estate:

Solon Ohio A Special Community

Relocating To Solon

Why Use A Local Agent When Relocating To Solon

Solon Ohio Bank Owned Homes

*******************************************************************************************

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 – Affordable Home For Sale is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010

Cleveland Ohio Real Estate – Access To Home Denied Until Title Transfer!

Cleveland Ohio Real Estate – Access To Home Denied Until Title Transfer! 

 

access to home limited during purchase process

 

Once a buyer writes an earnest money check and invests time and money in a home inspection and appraisal, they often feel entitled to some sort of rights to the home.

However, here’s the reality: until title transfers, the home still belongs to the sellers. The buyer  does not own the home yet and  has no rights to get inside the home after inspections and prior to possession.

We understand that buyers get excited about their new home. They can’t wait to show it to their family, friends, and possibly even let in contractors for estimates on work to be done. Unfortunately, there is no open door policy between buyer and seller. While many sellers are fairly agreeable and accommodating to a buyer’s request to get in the home throughout the buying process, this is not guaranteed.

I know what a lot of buyers are thinking, why wouldn’t the seller just let us in if we give them advance notice?

Well, here are just a few reasons from a sellers’ perspective:

1.     Nothing good can happen by letting you in more than necessary. What happens if a buyer notices a problem or defect in the home that they or their inspector never saw before? How about if the buyer comes back in the home with a parent or close friend who ends up not liking the home or thinks they overpaid? In general, many sellers feel that letting a buyer into the home is just asking for trouble.

2.     Insurance risks and inconvenience. There are always insurance risk involved anytime someone enters a home, especially during the winter months. And how about the inconvenience factor? Sometimes letting a buyer into a home is a hassle for the sellers, especially if there is an alarm to deal with, dogs to lock up, or young children to manage.

3.      Security risks. Every time a buyer goes into a home, there is always the chance doors won’t get locked properly or lights will be left on. This is especially concerning in vacant homes when no one is there to follow up after the showing.

4.     Sellers are emotional about their home. Some sellers have an emotional attachment to their home and every time the buyer comes in is another painful reminder of the move. If dealing with an emotional seller, we advise our buyers to be tactful if ever entering a home with a decorator or contractor as the seller may be less than thrilled to hear about the changes you plan on making to their home.

5.       Bad feelings between parties developed due to negotiations. If negotiations were contentious, or the buyer gave the seller a laundry list of items to be corrected prior to closing, the sellers could be a little annoyed, or downright angry. If this were the case, they may not be so inclined to do you any favors by letting you in the home more than necessary.

So, in order to avoid a lot of heartache and frustration, here are a few tips we recommend to avoid any problems.

Plan ahead for any access you may want to the home prior to getting the keys. Since the home inspection takes 2-3 hours, this is a perfect opportunity to coordinate others to see the home at this time.

You may also want to specify in the purchase agreement that you will be allowed access to the home after inspections, and spell out how often and when. This way all parties are clear of expectations. If it is not in writing, then you as the buyer are not protected and are at the mercy of the seller, whose attitude could change dramatically at any time.

Below are other articles of interest pertaining to buying a home in Cleveland:

Buying A Home In Cleveland – The Complete Guide 

Buying A Home In Cleveland OH – Where To Buy 

Buying A Bank Owned Home In Cleveland 

Why Using A Buyers Agent Is Important

*****************************************************************************************

About The Authors:

Dan and Amy Schuman are Solon OH residents. They specialize in Cleveland luxury homes, working with buyers relocating to Solon, and first-time buyers.

For Ohio and Cleveland OH real estate and homes see Cleveland real estate

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

VIEW ALL CLEVELAND OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Cleveland Ohio Real Estate – Access To Home Denied Until Title Transfer!  is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010  

Solon OH Real Estate – Bank Owned Homes And Other Great Alternatives

Bank Owned Homes And Other Great Alternatives

bank owned home

So you want to get a deal on a home? While a lot of buyers initially say they only want to buy a bank owned home, many end up seeking other alternatives once they learn there may be other equally attractive options

We are certainly not trying to persuade people not to buy a bank owned home in Solon, we are merely suggesting that you should look at the pro and cons and consider other options as well.

We get a lot of the calls from buyers relocating to Solon and they assume they will get a great deal on a bank owned home here. It seems that there is a lot of information out there saying that bank owned homes can be had across every city in the US for cheap, sometimes for even pennies on the dollar. While that may be true in some areas, finding a deal or a “steal” on a home in a nice suburb, especially one with a highly rated school system such as Solon, is much more difficult to come by.

This “hype” regarding bank owned homes has fueled demand and given local buyers great expectations that probably won’t be met. While the main reason to buy a bank owned home is to get a great price, there are also numerous disadvantages as well.

While we can’t speak for the rest of the country, here in Cuyahoga County, it takes at least 1 year for bank to foreclose on a home. This means most bank owned homes have been neglected for a long time prior to going on the market. Any major repairs needed during that time period were probably done on the cheap, if at all, and minor maintenance was most likely ignored. In general, bank owned homes will require work and often a lot of money.

Also, unlike typical transactions, there are no property disclosures on a bank owned home, so the buyer will have no knowledge of the history of the home.

While there were many sales of Solon bank owned homes in 2008 and 2009, there is a current shortage of inventory as banks are now more willing to work with sellers in hopes of finding a solution without having to foreclose. Because of this, we recommend buyers look at alternatives such as: 

  1. short sales
  2. estate owned homes
  3. homes where a relocation company is involved
  4. vacant homes
  5. homes where the sellers are highly motivated

So, how do you find these homes? Unfortunately, these types of homes are not always advertised to the public in a manner that would indicate they fall into one of the categories above. However, as agents engaged in the local market, we always know which homes present “opportunities” and can bring them to the attention of our buyers.

So, while buying a bank owned home in Solon may seem like the popular way to get a deal, there are other alternatives that may also be worth looking into as well.

Below are other articles of interest pertaining to Solon OH real estate:

Solon Ohio A Special Community

Solon Ohio Bank Owned Homes

Buying A Bank Owned Home  

Relocating To Solon

Why Use A Local Agent When Relocating To Solon

**************************************************************************************

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 – Bank Owned Homes And Other Great Alternatives is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010

Cleveland Ohio Real Estate – What Happens After The Home Inspection

Cleveland Ohio Real Estate – What Happens After The Home Inspection

  the home inspection process

In this article, we will discuss the post-inspection process when buying a home here in Cleveland and give suggestions on how to move forward in a smooth manner in order to get what you want.

At this point in the process, we will assume that you have thoroughly gone over the inspection report and discussed issues of concern directly with the home inspector. While discussion here will be limited to post inspection issues only, you can read about the entire buying process by viewing the link below:

 A Complete Guide To Buying A Home in Cleveland

One of the most stressful parts of the home buying process can be dealing with post-inspection issues. Depending on how you proceed, this next step can lead to round 2 of negotiations. Regardless of how round 1 went, this particular step can be very unpredictable

Emotions on both sides are typically heightened at this point as both parties have time and or money vested into the transaction. The buyer has spent money on an inspection and possibly an appraisal, and the seller has taken their home off the market and possibly spurned other offers in hopes that the transaction will go through.

When buying a home in Cleveland, there are 3 official ways to respond to an inspection based on the wording of our standard purchase agreement:

 

  1. If the inspection came out clean, you can remove the inspection contingency from the contract
  2. If a major issue came up, like structural damage to the foundation, you can opt out of the agreement.
  3. You can remove the inspection contingency from the contract based on conditions that you want addressed.

 Since #1 and #2 above are pretty clear cut, let’s talk about how to handle #3. 

Normal protocol dictates that a seller will most likely address major health and safety issues either by offering to fix the problem or reduce the purchase price by the amount it would take to fix it. These types of things would include mold or radon remediation, electrical code violations, or anything else deemed by the inspector to be related to health and safety.

Many buyers prefer to submit a cost estimate to the sellers and simply have this amount reduced from the purchase price rather than ask the seller to repair something. This gives them control on how it gets fixed and by whom.

Be aware that every situation is different, so don’t assume a seller will address any and all of these issues.

Here are some important concepts to understand as you move forward with the post-inspection process:

1.  The home inspection should not be used solely as a way to re-negotiate a better price. A lot of buyers make the mistake of buying a home, feeling that they overpaid for it ( many buyers feel this way after the initial negotiations ), and then using the inspection report to re-negotiate the price. This is not the best way to view the process.

2.  You are purchasing the home in its as is condition and your offer should have reflected this. Your initial offer should have been made based on the current condition of the home and the information you had up front.  Asking the seller to reduce the purchase price by $800 to compensate for a hot water tank that you knew up front was 15 years old would most likely be seen as disingenuous to the negotiating process and may hurt your efforts to get additional concessions.

3.  An inspectors advice about negotiating should be taken with a grain of salt. While most inspectors stick to presenting the facts, some interject their opinions or thoughts. I once had an inspector say to my buyer ” if it were me, I would make the sellers do ……….”   and none of these were health or safety issues.  Remember, the inspector is not the one making the buying decision and is not aware of the dynamics of the transaction. The inspector may have great technical skills regarding a home, but that doesn’t make him is a good negotiator.

4.  Presenting sellers with a lengthy list of items to fix may be a poor strategy for getting what you really want.  A major mistake buyers make is putting together a “laundry list” of things they want the seller to fix, knowing that many of the items are trivial and probably won’t be addressed. The mentality here is that if you ask for 10 items, maybe they’ll do 5. However, this approach may really tick off the sellers and backfire on you.

5.  Keep your list short and sweet. If there are only a few items that are really important to you, ask for these to be addressed. Is it worth the risk of alienating the sellers by presenting them with a lengthy list of demands? Your agent can communicate that you could have asked for more things, but asked for only the most important, just to be fair. Sellers will typically appreciate and respond better to this approach.

Before deciding on what items you want the seller to fix, think very carefully about your approach during this critical stage of the home buying process. Being fair, reasonable, and most important, courteous toward the seller shouldn’t be overlooked.  Sometimes getting what you want is all in the approach and the way you ask. 

****************************************************************************************************

About The Authors:

Dan and Amy Schuman are Solon OH residents. They specialize in Cleveland luxury homes, working with buyers relocating to Solon, and first-time buyers.

For Ohio and Cleveland OH real estate and homes see Cleveland real estate

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

VIEW ALL CLEVELAND OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Cleveland Ohio Real Estate – What Happens After The Home Inspection is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010  

Moreland Hills OH Real Estate – Market Report Spring 2010

Moreland Hills OH Real Estate – Market Report Spring 2010

 

Moreland Hills OH

 

Below are sales of Moreland Hills OH homes during the first quarter of 2010. 

 

37735 Chagrin Blvd $165,000
70 Millcreek Ln $235,000
35 Skyline Dr $273,000
5100 Chagrin River Rd $300,000
38200 Jackson Rd $365,000
25 Meadowhill $386,000
40 Winterberry Ln $1,250,000

Overall, there were 7 sales during the first quarter of 2010 compared to only 3 in 2009.

Here is how the first quarter this year compares with the same time period from 2009 in Moreland Hills:

 

Year # Of Sold Homes Ave. Sale Price
2010 7 $424,857    
2009 3 $257,000    

SUMMARY

The first quarter of 2010 has been better in almost every one of Cleveland’s east side suburbs compared to 2009. As the numbers indicate, Moreland Hills OH real estate has gotten off to a better start so far this year as well. Adding to the positive news, there are currently 6 homes under contract, with 2 listed over $750,000. 

Moreland Hills sees very little real estate sales in a given year, so the numbers can at times be a little skewed. However, the luxury home market, which was almost non-existent in 2009, has picked up somewhat so far this year. Perhaps the improving economy has given consumers more confidence to make purchases of big ticket items such as real estate.

Moving ahead, we anticipate this year being better statistically than 2009. Only time will tell, but many experts believe that the we have already seen the bottom of the real estate market and better times lie ahead. Although we don’t suggest significant appreciation, the fact that the market may have stabilized is in and of itself a good sign as buyers and sellers will have more comfort moving forward with their real estate goals.

Moreland Hills is viewed as one of the area’s most prestigious suburbs with average home values consistently among the highest in the area. Moreland Hills shares an excellent rated school system ( Orange Schools, rated excellent by the state of Ohio ) with neighboring communities of Pepper Pike and Orange, and offers distinctive homes on private wooded lots.

Below are articles of interest pertaining to other suburbs on the East side of Cleveland:

Beachwood Real Estate – First Quarter Market Report 2010

Orange Real Estate – First Quarter Market Report 2010

Pepper Pike Real Estate – First Quarter Market Report 2010

Solon Real Estate – First Quarter Market Report 2010

Twinsburg Real Estate – First Quarter Market Report 2010

****************************************************************************************

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  Moreland Hills Oh real estate and homes see   Moreland Hills OH real estate

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

VIEW ALL MORELAND HILLS OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Moreland Hills OH Real Estate – Market Report Spring 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010   

Orange OH Real Estate – Orange Home Statistics Spring 2010

 Orange OH Real Estate – Orange Home Statistics Spring 2010

  

Orange Village Gazebo

Here is an unofficial list of all Orange Oh real estate sales during the first quarter of 2010.  A summary with a state of the market will follow. 

4200 Brainard Rd $75,900
4949 Lander Rd $122,000
29450 Jackson Rd $160,000
28399 Pike Dr $170,000
29599 Emery $175,000
31150 Woodcrest Rd $191,500
3909 Beechmont Trl $322,500
4069 Orangewood Dr $325,000
   

SUMMARY

Overall, Orange OH home sales were better during the first quarter of 2010 than during the same time period in 2009. So far this year we have had 8 sales at an average sales price of $192,738. Last year saw only 3 sales during the first 3 months of the year at an average sales price of $157,700.

In terms of current market activity, there are 9 homes under contract and most should transfer within the next 60 days. The significance of these homes is that 3 of them are currently priced over $500,000, indicating a willingness of luxury home buyers to get off the sidelines and start buying again. This should help increase the average home price in Orange, especially since there are typically few transactions in a given year in this very small town.

The tax buyer credit certainly helped many surrounding communities, especially those with home values predominantly under $200,000. However, although time will tell the affect of the credit on Orange OH real estate, it could have been a factor as those selling to first-time buyers are moving up and buying homes in Orange and surrounding suburbs. 

It will be interesting to see how second quarter home statistics play out, but indications are leaning toward a stabilization of the local real estate market. Lower interest rates and increased consumer confidence should actually make 2010 a better year in real estate than 2009.

Below are articles of interest pertaining to other suburbs on the East side of Cleveland:

Beachwood Real Estate – First Quarter Market Report 2010

Pepper Pike Real Estate – First Quarter Market Report 2010

Solon Real Estate – First Quarter Market Report 2010

Twinsburg Real Estate – First Quarter Market Report 2010

********************************************************************************************

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 Orange Oh real estate and homes see   Orange OH real estate

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

VIEW ALL ORANGE OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Orange OH Real Estate – Orange Home Statistics Spring 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010   

Pepper Pike Real Estate – Quarterly Market Report Spring 2010

Pepper Pike Real Estate – Quarterly Market Report Spring 2010

Here is an unofficial list of all Pepper Pike real estate home sales during the first quarter of 2010. A summary will follow.

 

28900 S Woodland Rd $142,500
30780 Providence $210,500
3187 Kersdale Rd $225,000
27900 N Woodland $240,500
31200 Fox Hollow Dr $260,000
3534 Rolling Hills $280,000
33475 Pinetree $295,000
3455 Courtland Rd $300,000
31499 Trillium Trl $310,000
2504 Ginger Wren Rd $310,000
6075 North Pointe $400,000
30651 Ainsworth Dr $500,000
30850 Summit Ln $530,000
3130 Lander Rd $535,000
3715 Greenwood Dr $572,000
30650 Ainsworth Dr $590,000
2549 Ginger Wren Rd $625,000
2890 Alvord $700,000
3420 Old Brainard $925,000

SUMMARY

First quarter sales of Pepper Pike real estate here in 2010 are very similar to those from the same time period of 2009. In fact, here is a comparison between the two years:

All Sales                          # of homes sold         Ave. Sales Price 

First Quarter 2010                19                          $418,447  

First Quarter 2009                16                          $421,168 

The fact that the numbers are similar may be a strong indication that the market has stabilized. If this is the case, then buyers and sellers alike should feel more comfortable making decisions moving forward.

Another good indication of true market activity is by noting how many homes are currently under contract. At this time, there are 27 homes under contract, and 3 are listed for over $1,000,000, another very good sign that buyers are feeling more confident about the market.

The rise in the stock market during the first quarter and slightly growing economy may be contributing to the resurgence of the luxury home market in Cleveland, and specifically in Pepper Pike.

While the tax buyer credit has fueled sales in the area, it is too early to tell if it had a major affect on Pepper Pike homes as these are typically priced much higher than what first time buyers spend on average.

Overall, Pepper Pike real estate is regarded by many as very desirable thanks in part to the excellent rated ( by the State of Ohio ) schools, beautiful 1 acre wooded lots, and ideal location.

*********************************************************************************************

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 Pepper Pike OH real estate and homes see Pepper Pike real estate

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

VIEW ALL PEPPER PIKE OH HOMES FOR SALE BY CLICKING BELOW

 

search all solon homes for sale

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Pepper Pike Real Estate – Quarterly Market Report Spring 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010   

Beachwood Real Estate – Monthly Market Report April 2010

Beachwood Real Estate – Monthly Market Report April 2010

 

 

Beachwood Home Statistics

 

Here is a summary of homes that sold in Beachwood during the month of April, 2010 and a comparison to April 2009. We also included year to date figures through the first 4 months of the year for both 2010 and last year as well.

All Sales           # of homes sold         Ave. Sales Price              

April 2010                4                        $245,250                

April 2009                6                        $244,920

YTD 2010               20                        $272,798

YTD 2009               23                        $246,794  

*source NEOHREX ( Regional MLS )

 

Commentary: 

The Beachwood OH home statistics look very similar this year compared to 2009. In terms of home sales, we are close to last year’s figures. However, the average price of a home in Beachwood is higher so far this year compared to the same time period during 2009. It will be interesting to see if this trend continues, but the lack of bank owned homes in Beachwood could certainly help increase this figure compared to last year.

The real indication of market activity is the number of homes that are under contract. There are currently 30 homes under contract in Beachood, which is a very high number for a smaller community like Beachwood. Many of these homes sold during the last 30 days, and 7 sold during the last week of April, a direct result of buyers wanting to take advantage of the home buyers tax credit.

We anticipate the number of sales to be above normal over the next 2 months with mid-year numbers to be ahead of where they were during the same time period in 2009. We do anticipate a slower May with the expiration of the tax credit decreasing demand, but summer months, which are typically the busiest of the year, should still be good. Interest rates are still low and demand for Beachwood Oh real estate remains solid thanks in part to an excellent rated school system, solid tax base, and an active business community.

Overall, Beachwood has a lot to offer its residents including great location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood continues to be a very desirable community in which to work and live.

Below are other articles relating to Beachwood home statistics:

Beachwood Real Estate Year In Review 2009

Beachwood Market Report Third Quarter of 2009

Beachwood Ohio Monthly Market Report April 2009

Beachwood Ohio First Quarter Market Report 2009

Beachwood Ohio Year End review 2008

 

******************************************************************************************

ABOUT THE AUTHORS:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

If you are looking to buy or sell a home in Beachwood or surrounding suburbs you can contact the Schuman Team at 216-346-3235.

 

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

view all Beachwood area homes

 

CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Beachwood Real Estate – Monthly Market Report April 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010

Twinsburg Real Estate – Monthly Home Statistics April 2010

Twinsburg Real Estate -Monthly Home Statistics April 2010

 

twinburg market reports 

 

Here is a list of all homes that sold in Twinsburg during April, 2010.

 

9875 Crestwood Dr $69,000
9790 E Idlewood Dr $75,000
2464 Sherwin Dr $139,000
10505 White Ash Trl #23 L $150,000
1667 Tinkers View Dr $150,000
10393 Belleau Dr $155,000
1727 Timber Ct $156,000
1276 Waldo Way $175,000
2127 Demi Dr $193,900
2566 Edgebrook Crossing $207,700
11251 Frederick Ln $226,500
7912 Wildel Dr $231,000
1346 Sharonbrook Dr $239,000
10282 Sandalwood Ln $261,000
2322 Champion Trl $265,500
9514 Andrew Dr $280,000
1345 Jessica Ct $282,000
2836 Abrams Dr $314,000
10303 Townley Ct $341,200

SUMMARY

The sales of Twinsburg OH real estate are picking up and the numbers will continue to be good at least through June as the home buyer tax credit increased demand.

Overall, there were 19 homes that sold in Twinsburg last month. Here are how things compared last month to April 2009:

All Sales           # of homes sold         Ave. Sales Price 

April 2010                 19                        $205,832  

April 2009                 12                        $199,938

A true indication of market activity is the number of homes that are under contract. Right now, there are a whopping 48 homes under contract in Twinsburg, many a result of buyers looking to take advantage of the tax credit. Many of these homes will be officially transferring over the next 60 days, making second quarter figures very good in terms of number of sales.

As we move forward, we predict that May will see a significant decrease in buyer demand. However, the summer months, which are often the most active, should still see average activity as rates are still very low and many buyers who didn’t qualify for the tax credit will still be looking to make a move. Things could also be beneficial for home sellers right now as the inventory of homes has been somewhat depleted by the rush of buyers trying to buy before April 30th.  

Below are other articles of interest pertaining to Twinsburg Real Estate:

Twinsburg Real Estate – Year End Marketing Report 2009

Twinsburg Real Estate – Market Report February 2010 

Twinsburg Real Estate – First Quarter Home Statistics 2010

*****************************************************************************************

About The Authors:

This Twinsburg Ohio Real Estate Market Report is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.

The Schumans service the Eastern suburbs of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

For Ohio and Twinsburg OH real estate and homes see Twinsburg real estate

If you are looking to buy or sell a home in Twinsburg or surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

SEE ALL TWINSBURG HOMES FOR SALE BY CLICKING BELOW:

Search all Twinsburg Homes For Sale  

 CHECK OUT THE SCHUMAN TEAM’S AWARD-WINNING WEBSITE

 

Twinsburg Real Estate – Monthly Home Statistics April 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May2010

Solon Real Estate – Monthly Home Statistics April 2010

Solon Real Estate – Monthly Home Statistics April 2010 

 

solon home in spring

 

Here are all the homes that sold in Solon last month:

 

32850 Linden Dr $95,000
28260 Aurora Rd $150,000
34225 Pettibone Rd $177,000
6620 Edgemoor Ave $182,000
6543 Glenallen Ave $193,500
32350 Cannon Rd $216,000
32900 N Burr Oak Dr $225,000
34461 S Side Park Dr $264,000
35610 Spicebush Ln $325,000
5593 High Point Dr $452,000
5571 High Point $515,000
7099 Navajo Trl $515,000
6162 Chagrin Highlands Dr $525,000

Summary:

April sales were almost identical to those from April of 2009. Last month saw 13 sales compared to 15 last year. The big difference, however, is the average sales price of homes was significantly higher last month compared to last year, $294,962 vs. $237,733.

Year to date, we are doing a little better so far in 2010 with total sales in Solon of 49 homes and an average sales price of $269,147. Last year through the first 4 months we saw 47 sales at an average sales price of $269,081.

Moving forward, look for huge sales numbers over the next 60 days as the home buyer tax credit, which expired on April 30th, will end up having a major affect on the solon oh real estate market this year. Thanks to the tax credit, we had 31 homes go under contract last month, 18 in the last week alone.  Our local real estate market has been especially booming over the last 30 days with multiple offers being seen on a frequent basis. Although the price points under $300,000 were most largely affected by the rush of buyers looking to take advantage of the government credit, there were actually a decent number of solon oh luxury homes that have recently gone under contract as well.

We anticipate seeing the market slow down significantly in May as inventory has decreased and many buyers who were in the market have already bought a home. That being said, there are still plenty of buyers who didn’t qualify for the tax credit or are relocating to Solon who will be looking to buy over the next 60-90 days. The summer months are typically fairly busy and interest rates are still extremely low, so we anticipate seeing decent activity through the fall.

With the economy showing signs of improvement and indications of home values stabalizing, the Solon luxury home market could see some movement as well.

Below Are Other Articles Of Interest Relating To the Solon real estate:

Solon Real Estate – Monthly Home Statistics February 2010 

Solon Luxury Homes – Year In Review 2009

Solon real estate – year in review 2009

Solon Real Estate – Monthly Home Statistics March 2010

********************************************************************************************

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 Real Estate – Monthly Home Statistics April 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April,2010