Monthly Archives: October 2011

Solon Ohio Home Value Report 3rd Quarter 2011

Solon Ohio Real EstateHome Value Report 3rd Quarter 2011

 

solon real estate report

 

Before we discuss home values and trends in Solon, OH, we will first provide a list of all the homes that sold in Solon during the month of September.  Then, we will provide a statistical comparison between the third quarter of this year to the same time period in 2010.

6809 Green Ridge Ave $94,000
31625 Bainbridge Rd $97,500
29750 Cannon Rd $104,349
30800 Miles Rd $132,000
33193 Cromwell Dr $140,000
6592 Forest Glen Ave $150,000
34250 Country View Ln $176,000
36460 Churchill Dr $217,500
5122 Cheswick Dr $236,500
33945 Redbridge Ln $260,000
7615 Lindsay Ln $275,000
6665 Ayleshire Dr $310,000
35575 Spicebush Ln $312,000
32927 Lisa Ln $340,250
32160 Burlwood Dr $345,000
7355 Joseph Dr $398,000
6212 Chagrin Highlands Dr $430,000
37805 Windy Hill Ln $439,000
32845 Shadowbrook Dr $449,000
7472 Royal Portrush Dr $540,000
7232 Castle Pine Dr $810,000
7547 Capilano Dr $825,000

 

 Date              # of homes sold       Ave. Sales Price             

Sept. 2011               23                      $312,526

Sept. 2010               13                      $344,078

YTD 2011                 176                    $288,514

YTD 2010                 155                    $295,692

*source NEOHREX ( Regional MLS )

COMMENTARY:

When people see us out and about, the first thing they ask  is “how’s the market?”. Well, for the first time in a while, we say that it’s picking up and  have the statistics to prove it.

Home sales in Solon are up 13.54%   from last year.  This also includes the Solon luxury home market, which consists of sales over $500,000. Average sales price compared to last year is fairly unchanged, down slightly at about -2.5%.

SO, WHAT’S MY SOLON HOME WORTH TODAY?

One thing that’s important to note is that all real estate is local. Just because the average price in a home in Solon may be down 2.5%, doesn’t hold true as a blanket statement for every house on the market. Remember, the average takes in consideration ALL sales, including distressed properties.  If we took out these types of sales from the statistics, the average sales price would be well over $300,000!

Today’s trend shows that buyers are still very particular and have high expectations. That being said, nice homes that are priced right will sell, and those that are dated, overpriced, or both will simply sit on the market and get passed over.

Demand still plays a big part in the direction of home prices. Solon is seen as a highly desirable area to live based in large part to having one of the top school districts in the nation.  Certain neighborhoods may also be deemed by buyers as more desirable than others.

If you are looking to buy or sell a home in Solon, you should contact a local professional, someone who has intimate knowledge of the market and has personally seen the inventory. While there are a lot of helpful websites out there that will give estimated home values, most of them have a high margin for error. There is no substitute for someone who has specific market knowledge.

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About The Authors

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. The Schumans are proud residents of Solon, Ohio.

They can be reached at 216-346-3235 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Solon Ohio Home Value Report 3rd Quarter 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Oct,2011

Stop Negotiating Like A Child

negotiating real estate like a child

Bringing buyers and sellers together is more difficult today than ever before. Buyers want it all and sellers are sick and tired of seeing their equity disappear. Negotiating in this market can be especially challenging when one of the parties or even the other agent, negotiates like a child.

Don’t get me wrong, children can be great negotiators, especially when it comes to wanting an extra dessert or staying up past their bedtime. However, those of us that have kids can attest first hand that their arguments are illogical and tactics can be downright, well, childish.  While negotiating between adults is usually a little more civilized, there are times when I feel like I’m dealing with a five year old.

THE PROBLEM WHEN EMOTIONS RULE

At the end of the day, negotiations are about money and to some extent winning. This alone can make even the most level headed person become emotional, and that’s ok. However, when you let your emotions and ego overtake your logic and decision making ability, that’s when you get into trouble.

I couldn’t tell you how many times I’ve seen someone let their emotions get the best of them. They become  so wrapped up in the personal side of the transaction that they lose sight of what they are trying to accomplish.  They start to talk about “the buyer this”, or “the seller that” and end up spending more time and energy discussing the other party than focusing on the  transaction or solutions to the problem.

Some folks get so emotional that they really end up thinking and acting like a child.  They practically kick and scream and make ridiculous statements that  usually end up being counter-productive to bringing the sides together.  If I could record their conversations and play them back to them, I’m convinced they would be quite ashamed at their behavior.

STAY CALM AND GET WHAT YOU WANT

No matter how riled up someone gets, I am always the calm during the storm, the rudder of the ship. I believe a real estate agent can and should be able to  detach themselves emotionally so they can help bring people together.

I realize that our clients want us to fight hard to get them what they want, and I completely agree. However, that doesn’t mean we have to take on their emotions to do it.

Making demands of the other party or idle threats that “we want this or else” just aren’t effective.  Those tactics may work once in a while for a little kid, but there is no place for them in a business transaction.

If you want to be angry because the buyer or seller isn’t cooperating, go ahead and take it out on me.  Let it all out if that makes you feel better. But in the end, take a step back, look at the big picture and stop acting like a child. If you don’t, you’ll end up doing more harm than good.

After all, winning the battle but losing the war is not an effective strategy for home negotiations.

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About The Authors

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services.

They can be reached at 216-346-3235 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Stop Negotiating Like A Child is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October,2011

5 Fall Events For Childen In Cleveland Ohio

 

There are so many ways for families to enjoy the comfortable temperatures and beautiful foliage that accompany fall in Greater Cleveland.  Here are a few of our favorites:

1.  Apple Picking:  Enjoy the bounty of local orchards and pick your own apples.  Two great choices – Eddy’s   and Patterson Fruit Farm  both in Chesterland, Ohio  .  Also, a great outing is Patterson’s annual Family Fun Fest which runs for about a month and is perfect for young children.

2.  Lake Farm Park – Tons of fall fun in this Metro Park farm that is open to the public.  Most popular are the Halloween Hayrides – be sure to take the very young crowd to the earlier rides and save the later evening rides for the 5 and up crowd.  A word to the wise, tickets sell out so pre-book!

3. Derthicks Corn Maze  – We just discovered this two years ago and it is now a must on our Fall activity list.  Each year the folks at Derthicks (located in Mantua and convenient to both Cleveland and Akron) create a HUGE picture maze in the corn.  You get a sheet and have to find your way to several checkpoints.  There are some other activities for the kids as well as food and drinks for sale.

4. Hiram House Pumpkin Festival   This year is the 40th year celebration.  It is being held on Sunday, October 9th from 10am-5pm.  Here you’ll find music, games, crafts, animals, and so much more on this spectacular camp located in Chagrin Falls.  Hiram House is a non-profit camp that exists to enrich the lives of children.  This fall fest funds the camp programming and is one of the best fall events in the area. Park at Orange Schools and you will be shuttled to Hiram House.

 

 

5. Boo At The Zoo – For 8 special nights toward the end of October, the Cleveland Zoo opens up for some very special Halloween fun. There’s a train ride, haunted ( green ) house, hay maze, animal show, magic show and so much more. We suggest you get tickets in advance because they can sell out. Both children and adults are encouraged to wear a costume ( not scary though as young children will be there ) and every child in attendance gets a special treat bag.

There are so many more festivals and activities to do while enjoying the crisp fall air.  We invite you to comment and share some of your family favorites!

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About The Authors

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services.

They can be reached at 216-346-3235 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

5 Fall Events For Children In Cleveland Ohio is the property of The Schuman Team and may not be duplicated or used without their written consent. ©October,2011