Solon Ohio Real Estate – Market Report February 2014

Quarterly Market Reports On Sold Homes

 

 

Here is our monthly market report for real estate in Solon OH for the month of February, 2014.

First, we will provide a list of all home transfers for last month, including the names of buyers and sellers, if available.

Then, we will give market statistics of homes that sold last month, with a comparison to the previous year. We will provide our commentary at the end.

 

HOMES SOLD IN SOLON –  FEBRUARY 2014

ADDRESS              PRICE         BUYER             SELLER

32950  Arthur Rd  $72,000      Pat Twietmeyer   George Wormley

33620  Baldwin     $86,916      NA                    FNMA

6573  Arbordale    $107,250    American Millenium Mildred Suchecki

6712  Som Center $112,000    Sb Ohio Properties ChrisHuang

28425  Cannon Rd $140,000    NA                      FNMA

32705  W Nimrod  $189,000    Vincent Montague  Byron Spurr

32603  S Burr Oak $191,718    William Franz         US Bank

32000  Cannon Rd $223,500    Ron Paul               Michael Stein

5465  Som Center $247,000    Katherine Koczan   Hossein Bazldjoo

6515  Clearwater Ct$334,000  Alvin Salzinger       Carrington Ct

7257  Formby Dr     $335,000  Arthur Kopittke      Molly Conway

6694  Brandamore  $435,000    NA                      Ginger Campopiano

7536  Royal Portrush $455,000 Vanisree Velamoor  Chengkui Qu

7563  Royal Portrush $720,000Sridhar Jaladi          M Tervalon Trust

39740  Patterson Ln $790,000 Scott Elliott           John Kunkel

 

SOLD HOME STATISTICS SOLON OHIO – FEBRUARY 2014

 

Date                                         # of homes sold         Ave. Sales Price             

February 2014                               15                           $295,892

February 2013                               13                           $340,192

 

*source NEOHREX ( Regional MLS )

 

COMMENTARY:

We’ve gotten off to a decent start in 2014. The actual number of sales so far is higher than in 2013, which was a fantastic year in real estate. It’s simply too early to tell if this year will be better, but the signs do show promise.

As predicted, the number of homes for sale has increased from last month as smart sellers are looking to get an early jump on the spring market. We saw 6 homes come on the market this past week and 29 since February 1st.   There are currently 71 active listings, up from 62 this time last month.

MOVING FORWARD:

We anticipate things slowing down right around spring break but will then pick up significantly as we head into April. There will be a ton of homes coming onto the market over the next 90 days, creating a lot of activity for buyers and sellers. The hottest market is in the $300,000-$400,000 price point, where nice homes can expect to sell very quickly, perhaps in a matter of days.

If you are thinking about selling your Solon home, you should seriously consider taking advantage of a strong market this spring. There are no guarantees next year will be any better, so waiting may not be worth the risk.

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About The Authors

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

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, 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 Real Estate – Market Report February 2014 is the property of The Schuman Team and may not be duplicated or used without their written consent.©March, 2014

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