February was a relatively calm month in terms of Solon real estate market activity.
Specifically, 10 homes officially sold last month compared with 17 sales in February 2008. However, a real indication of buyer activity is better measured by the fact that 13 homes went under contact in February. While most of these homes haven't transferred, it is important to note that all of these homes went under contract over the last 30 days. This is a sign that there are serious buyers currently in the market to buy in Solon.
Summary: Here is an unofficial list of all homes that went under contract, and a separate list of all homes that SOLD in February 2009 here in Solon.
| UNDER CONTRACT FEB 2009 | List Price |
| 6922 Elmwood | $62,500 |
| 6615 Solon Blvd | $129,900 |
| 32649 Jefferson #49 | $140,000 |
| 34780 Pettibone | $179,900 |
| 6280 Sunnywood | $180,000 |
| 7366 Cromwell | $199,500 |
| 36092 Derby Downs | $269,900 |
| 6123 Concord Ct | $274,500 |
| 33860 Countryview | $314,900 |
| 34392 Summerset | $344,900 |
| 32765 Shadowbrook | $439,500 |
| 7593 Royal Portrush | $535,000 |
| 6709 Winston Lane | $589,900 |
| 28975 North Park Blvd | $830,000 |
| SOLDS FEB 2009 | Sale Price |
| 7161 SOM Center | $25,499 |
| 30235 Woodall | $76,500 |
| 32649 Jefferson #49 | $140,000 |
| 32782 N Roundhead | $165,000 |
| 7128 Selworthy Ln | $191,000 |
| 32582 S Roundhead | $210,000 |
| 33050 Woodsdale Ln | $273,900 |
| 34392 Summerset Dr | $330,500 |
| 36120 Spicebush Lane | $374,000 |
| 7401 Vahalla Drive | $529,000 |
| 6709 Winston Lane | $560,000 |
WHAT'S NEXT?
Right now, the inventory of homes is stale as very few new homes have come onto the market during the winter months. The serious buyers have seen everything in their price range and have not been overwhelmed enough by any of them to make a serious buying decision. These buyers typically have defined exactly what they want and are just waiting for the right home to come on the market. They are also watching to see if the price of a current listing decreases enough for the home to become more appealing.
The spring market is just around the corner and we anticipate a lot of homes coming onto the market in the next 60 days. Activity should really pick up from April -July as many buyers with school aged children will want to be settled into their new home for the start of the school year in August.
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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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Solon Ohio Real Estate - Monthly Marketing Report February 2009 the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009
