Solon Real Estate - Monthly Home Statistics April 2010

By
Real Estate Agent with Howard Hanna Real Estate Services

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

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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

 

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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 

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