Here is our official market report for Solon OH for the zip code 44139, excluding Glenwillow, for homes sold in October 2013.
We will provide a list of all sold homes, including the names of buyers and sellers if available, give monthly statistics, and make a comparison to last year.
We will also include a breakdown for the Solon luxury home market ( those priced over $500,000 ).
HOMES SOLD IN SOLON - OCTOBER 2013
ADDRESS PRICE BUYER SELLER
38670 Aurora Rd $109,900 Diblasi, Salvetta A Poet Thomas E III
35550 Timberlane $125,500 Linebarger Trust Lang Lynn
35280 Bainbridge $153,500 Ballard,Kenneth Gaither Harry G
33700 Arthur Rd $157,500 not available Levy Cheryl L
36965 Pettibone $158,000 Ketchem,Thomas Musarra Gary P & Cheryl L
36525 Timberlane $160,000 Markovich, Andrey Werner Stephani F A
7533 Som Center $164,200 Hendryx Roger B Doherty Robert J & Marion E
38215 Fox Run Dr $165,000 not available Holpuch John James
6568 Copley Ave $167,000 Zhou Guangjin Cancelli-Bartz Mary Kay
6610 Brookland $173,500 not available Jellen Christopher H
32610 Arthur Rd $177,000 Daniel Craig D Wurts Charles J
38255 Bainbridge $177,500 Smith Kenneth Dranchak Dale T & Diane M
5905 Liberty Rd $180,000 Diorio Thomas A Burton G E Living Trust
6614 Duneden $185,000 Ranallo Michael L Epstein Robert M
33596 Lisa Ln $248,000 Leimeister AlexanderZuckerman Neil
6977 Kingswood $260,100 Liang Yun Sexten Brian & Linda
33221 N Burr Oak $280,000 Becker Christopher Bomell Christa
32720 N Burr Oak $285,000 not available Terry Dennis Dunbar (Te)
7615 Lindsay Ln $295,000 Buckley Marshall Clark T S Family Trust
37174 Wexford $415,000 Smit Lauren C Kingdom Development Corp
5474 Tayport Dr $447,000 Katz Lisa F Ramsey Gary L
37214 Tidewater $540,000 Keuchel Kenneth Moore Jerry A & Angela R
32670 Burlwood $590,000 Heller Scott Dobrowski Mary
5980 Glasgow $596,000 Liu Gang Belianski Victor
6960 Woodlands $681,400 Brown Daniel Paspulati Raj M
5475 N Woods $875,000 not available Hedrick Diane MTrust
37150 Broadstone $1,089,889 Monesmith Kim Prestige & Premier Companies
SOLD HOME STATISTICS SOLON OHIO – OCTOBER 2013
Date # of homes sold Ave. Sales Price
October 2013 27 $328,000
October 2012 23 $286,022
YTD 2013 271 $308,528
YTD 2012 224 $304,509
SOLON LUXURY MARKET
October 2013 6 $728,715
October 2012 3 $607,667
YTD 2013 43 $654,320
YTD 2012 34 $636,624
*source NEOHREX ( Regional MLS )
The real estate market continues to show improvement compared to last year. Both number of sales and average sales price are up in Solon this year, one of only a few suburbs in Northeast Ohio with that distinction.
We got off to a blistering start to the year which has certainly helped the overall numbers. As mentioned in previous posts, things have cooled down a little bit since school started. While fall isn’t prime season, it certainly can be a popular time to buy or sell, as evidenced by the 27 homes sold last month.
While there are numerous factors that have helped make this a great year for real estate in Solon, low inventories continue to be a major influence. Currently, there are only 88 active listings. In past years, we would see 150+ homes for sale at this time of the year.
What this means is that buyers are screaming for new inventory and many have become quite frustrated. The buyers that really need to buy will snatch up a nicely finished home within days, provided it is priced fairly. If a home is not selling, price and condition are likely major factors.
The increase in the sales of Solon luxury homes is also a good sign. Move-up buyers are having an easier time selling their existing homes so are able to buy bigger homes. Some move-up buyers are actually buying their larger home first, feeling extremely confident that their existing home will sell.
Moving forward, we anticipate a natural slowdown through the rest of the year. However, when all is said and done, 2013 will be a strong year for Solon real estate.
The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize is luxury homes, relocation, and first-time buyers.
They can be reached at 216-346-3235 or 216-403-9189 or via email, firstname.lastname@example.org or email@example.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 Homes Report October 2013 is the property of The Schuman Team and may not be duplicated or used without their written consent.©Novemeber, 2013