Solon OH Real Estate – Monthly Market Report July 2010

 Solon OH Real Estate – Monthly Market Report July 2010

  

solon home in spring

 

Here are all the homes that sold in Solon in July, 2010:

6567 Copley Ave $130,000
6541 Copley Ave $159,900
6577 Arbordale Ave $162,000
33145 Arthur Rd $170,850
6644 Edgemoor Ave $174,900
35905 Brushwood Dr $180,000
6578 Creekside Trl $198,000
7358 Selworthy Ln $215,000
28220 Aurora Rd $230,000
33565 Arlesford Dr $255,000
34750 Ada Dr $280,000
34900 Ada Dr $285,000
32700 Seneca Dr $304,900
7635 Lindsay Ln $320,000
5234 Crofton Ave $360,000
7257 Formby Dr $435,000
6815 Teasel Ct $469,500
38355 Flanders $747,500

 

Summary:

July was a little slow compared to last year. Last month saw 18 home sales in Solon at an average sales price of $282,086. Last July saw 28 sales at an average price of $314,787.

Home sales last month ranged in price from $130,000 to $747,500.

Moving forward, the housing market is moving along at a somewhat slow pace. While we started out the year strong and things looked quite promising, sales have tapered off quite a bit since spring. There will be additional home transfers over the next few weeks as buyers want to be moved in before the start of the new school year, but the market tends to slow down during August until after Labor Day.

We were much more optimistic a few months ago regarding the local housing market but are not convinced the market has turned around completely. On a good note, we are seeing less low-end foreclosed and distressed property sales. This should lead to a higher and more realistic average sales price compared to the last few years.

While we have been saying this for over a year, this is truly a fantastic time to buy a home. We recently saw 15 year interest rates quoted at 3.95%, and all indications show continued low rates through the end of the year. That, coupled with attractively priced homes, makes this a great opportunity for Solon home buyers. 

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

Solon OH Real Estate – Bi-Annual Market Report 2010

Solon OH Real Estate – Monthly Home Statistics April 2010

Solon Real Estate – Monthly Home Statistics March 2010

Solon Luxury Homes – Year In Review 2009

Solon real estate – year in review 2009

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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 – Monthly Market Report July 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©August,2010

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