Cleveland Real Estate And More

 Cleveland OH Real Estate - Bi-Annual Luxury Home Report 2010

Below are luxury home sales statistics for the first 6 months of 2010 in Cleveland, specifically the Eastern suburbs of Cuyahoga County. We also included figures from the first 6 months of 2009 so a comparison can be made. Commentary to follow.

All Sales           # Of Homes Sold         Ave. Sales Price              

YTD 2010                 66                          $685,707

YTD 2009                 59                          $661,592

*source NEOHREX ( Regional MLS )

High Sale YTD 2010 = $1,600,000

Commentary - Cleveland OH luxury homes have seen an increase in activity compared to the same period of time last year.  Overall sales are up over 10% from last year and the average sales price has increased as well. A majority of sales are in the lower level luxury price range. Here is a break down in terms of price of all sales this year:

Price Range                      # Of Sales

$500,000-749,999                  51

$750,000-999,999                  11

$1,000,000+                           4

While our Cleveland bi-annual luxury market report does show improvement from last year, there is still general concern about the overall real estate market, especially with the large inventory of homes currently on the market.  Right now there are 296 active luxury home listings, and based on 11 sales per month, that gives us over a 2 year supply of luxury homes on Cleveland's east side. Among these listings are 14 homes listed over $2,000,000.

With all due respect to luxury home sellers, this is great news for buyers and some seem to be taking advantage. We currently have 38 luxury homes under contract, many priced over $1,000,000. Also, rates will continue to be low, making the purchase of a luxury home even more attractive.  Moving forward, we anticipate luxury home sales to be slightly higher in 2010 then they were last year.

Below are other articles of interest pertaining to the Cleveland luxury home market:

Why Hiring A Luxury Home Agent Is Important

Defining A Luxury Home In Cleveland

Local Agent Receives Luxury Home Designation

Solon OH Luxury Home Report 2009 

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About The Authors:

Dan and Amy Schuman reside on the East side of Cleveland. They specialize in luxury homes, working with buyers relocating to Cleveland, and first-time buyers.

For Ohio and Cleveland OH real estate and homes see Cleveland Oh real estate.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

SEE ALL CLEVELAND OH AREA HOMES FOR SALE BY CLICKING BELOW:

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Cleveland OH Real Estate - Bi-Annual Luxury Home Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©July2010    

Disclaimer: The Schuman Team practices real estate in Ohio. Since many states have different laws and protocol regarding a real estate transaction, we recommend consulting a qualified local legal professional prior to entering into any written agreement. This blog contains observations and opinions related to our first hand experience working with buyers and sellers in Ohio, but should not be construed as legal advice.  Accuracy is not guaranteed.   

Beachwood OH Real Estate - Bi-Annual Market Report  2010 

The year is now half over, giving us plenty of data to determine an accurate state of the real estate market here in Beachwood OH. We will first give a list of all homes that sold in Beachwood last month, and then show a monthly and year-to-date comparison to 2009. 

Here are all sales in Beachwood for June, 2010:

All Sales           # of homes sold         Ave. Sales Price              

June 2010                12                      $232,833                

June 2009                18                      $274,695

YTD 2010                 49                      $254,354

YTD 2009                 52                      $247,446  

*source NEOHREX ( Regional MLS )

COMMENTARY:

While last month wasn't as good as June 2009, year-to-date figures suggest that this year is fairly even to last year in terms of actual number of sales. The good news is that the average sales price is slightly higher this year compared to last year. In addition, although not indicated above, the average market time to sell a home in Beachwood so far this year is 100 days compared to 137 days in 2009.

What does this mean? While we anticipated home sales to surge throughout the area in general due to the home buyer tax credit, which expired on June 30th, Beachwood was not an area greatly affected.  This is most likely due to the fact that first time buyers, who were the ones most likely taking advantage of the tax credit, were not as likely to buy in Beachwood. The first-time buyers were more likely buying in nearby inner-ring suburbs, where home prices are more affordable. 

While it appears the market has stabilized, we don't anticipate seeing sales numbers that we saw during the boom years of 2003-2007 perhaps ever again. The expectations of home buyers and sellers in Beachwood may have to be redefined.

While interest rates are near historic lows, the economy is not totally recovered from the recession. Some economists believe we are still in recovery mode while others see rougher times ahead. In the end, the economy affects major buying decisions, such as housing, and until we see more signs of long-term growth, especially in the unemployment figures, the local housing market will continue to move along slowly.

Below are other articles of interest pertaining to Beachwood OH Market Reports:

Beachwood OH Real Estate - Monthly Market Report April 2010   

Beachwood OH Real Estate - Year End Market Statistics 2009 

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About The Authors:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

For Ohio and Beachwood OH real estate and homes see Beachwood real estate.

For a personal consultation or to speak to The Schuman Team, call 216-346-3235.

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood OH Real Estate - Bi-Annual Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©July,2010

Disclaimer: The Schuman Team practices real estate in Ohio. Since many states have different laws and protocol regarding a real estate transaction, we recommend consulting a qualified local legal professional prior to entering into any written agreement. This blog contains observations and opinions related to our first hand experience working with buyers and sellers in Ohio, but should not be construed as legal advice.  Accuracy is not guaranteed. 

 Twinsburg Real Estate - Bi-Monthly Market Report 2010

The following is our bi-annual market report for the first half of 2010. We will begin by showing home sales in Twinsburg for June, and then give commentary.

Here is a list of all homes that sold in Twinsburg during June, 2010. 

SUMMARY

Twinsburg OH real estate sales are up both for the month, and year-to-date.

Overall, we saw 25 home sales last month, up from 22 last year. The average price of a home in Twinsburg is up from 2009 as well.

All Sales           # of homes sold         Ave. Sales Price 

June 2010                 25                       $230,315  

June 2009                 22                       $204,373

Year To Date   # of homes sold         Ave. Sales Price 

 2010                       94                        $205,602  

 2009                       88                        $191,489

Twinsburg real estate has had a very good first half of the year. We believe that the local real estate market has really benefited from the home buyer tax credit. The fact that a majority of home sales over the last 60 days have been moderately priced homes, those typically attractive to those taking advantage of the credit, backs up our belief.

While the rise in sales this year compared to 2009 isn't overwhelming, the increase in average sales price is definitely a good sign. We are seeing less low-end bank owned homes sell here in Twinsburg, which has had a positive affect on the overall sales prices. We also have 39 homes currently under contract, indicating that the summer months could continue to do well.

We anticipate that Twinsburg real estatesales in 2010 will continue to outperform sales from last year. Low interest rates and a good supply of affordable homes continue to make Twinsburg very appealing to local buyers.

Below are other articles of interest pertaining to Twinsburg Real Estate:

Twinsburg Real Estate - Monthly Market Report April 2010 

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - Market Report February 2010 

Twinsburg Real Estate - First Quarter Home Statistics 2010

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About The Authors:

This Twinsburg Ohio Real Estate Market Report is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.

The Schumans service the Eastern suburbs of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

For Ohio and Twinsburg OH real estate and homes see Twinsburg real estate

If you are looking to buy or sell a home in Twinsburg or surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

SEE ALL TWINSBURG HOMES FOR SALE BY CLICKING BELOW:

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Twinsburg Real Estate -Monthly Market Report May 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June2010

 Solon OH Luxury Homes -Bi-Annual Market Report 2010

Here is our official bi-annual market report for Solon Luxury Homes complete with a comparison to 2009. Commentary will be given after the following Solon luxury home statistics. 

Please keep in mind that in the Cleveland real estate market, the definition of a luxury home is one that sells for at least $500,000.

Here are all luxury homes that sold in Solon during the first half of 2010:

FIRST HALF OF 2010 VS. FIRST HALF 2009 COMPARISON

Luxury Sales     # of Homes Sold        Ave. Sales Price              Ave. Days on Market

2010                        14                      $627,304                             181

2009                        18                      $619,981                             128 

Highest Sale = $1,174,900

Commentary:

The first half of 2010 was similar to the same time period in 2009. Although there were not as many sales, the average sales price is higher so far this year. The main difference between this year and last is there are not as many bank owned or distressed sales, which may be the reason the average sales price is higher this year.

The $500,000-$700,000 price point is still the most popular for luxury home buyers in Solon. Very few sales have occurred over this price although we did recently have 1 sale over $1,000,000. Whether this is a sign of things to come or an aberration is yet to be determined.

Demand for high end homes in Solon is usually met by both local move up buyers and those relocating to Solon from out of of the area. With the state of the economy still up in the air, many local buyers have decided to stay where they are for now instead of moving forward on a major purchase. Some local buyers though are feeling more comfortable buying before selling as prices seem to have stabilized making it easier to sell an existing home.

In terms of relocation buyers, fewer large companies are hiring, meaning less executives coming into the area. While there are still plenty of people moving to Solon and buying luxury homes, the numbers are not where they were 4-6 years ago. With inventories of luxury homes here being fairly high ( we currently have a 2 year supply of luxury homes ), buyers have a wide selection to choose from and are getting very good deals.

From a pure financial standpoint, moving up in a down market does make sense, and with rates at their all-time lows, buying a bigger home in Solon has never been more affordable.

Below are past articles that relate to the content of this post.  

2009 Year End Luxury Market Report Solon Ohio

Solon Agent Receive Luxury Home Designation

2008 Luxury Market Report Solon Ohio

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About The Authors:

Dan and Amy Schuman are Solon residents. They specialize in Solon luxury homes, working with buyers relocating to Solon, and first-time buyers.

If you are looking to buy or sell a home in Solon or the surrounding Eastern suburbs, please contact the Schuman Team.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

VIEW ALL SOLON LUXURY HOMES FOR SALE BY CLICKING BELOW

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Solon OH Luxury Homes -Bi-Annual Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan,2010

Solon OH Real Estate - Bi-Annual Market Report 2010

The year is now half over, allowing us to compose our very popular Bi-Annual Market Report for Solon real estate. We will begin by listing all homes that sold in Solon in June and follow with a summary for June and state of the market for the first half of 2010.

Here are all the homes that sold in Solon in June, 2010:

SUMMARY:

June, as expected, was fairly busy. We saw a total of 27 homes sell last month with an average sales price of $355,428. Last June was a huge month, with 45 home sales in Solon at an average sales price of $324,317.

While last month did not quite live up to the incredible June we had in 2009, it was still a great month. We saw a decent number of moderately priced homes transfer last month, some most likely a result of the home buyer tax credit.  Keeping in mind that the tax credit focused on first time buyers, and thus typically lower priced homes, Solon probably wasn't a suburb that was boosted by the credit as much as some of the inner-ring suburbs.

On a side note, nationwide, it was reported that approximately 180,000 home buyers qualified for the home buyer tax credit but were not able to close on time. Therefore, the deadline for closing has consequently been extended to September 30, allowing for people to get their financing in order so they can tax advantage of the credit.

MID YEAR REVIEW

Through the first half of the year, we have had a total of 100 home sales in Solon compared to 112 at this time last year. The average sales price of a home in Solon so far this year is $297,931 compared to $291,212 in 2009.

While 2009 saw about 2 extra sales per month, the average sales price in 2010 is good news. While we cannot say for certain that the market is appreciating, statistics indicate that prices may have at least stabilized.

The Solon luxury home market saw very similar figures, less sales and higher average sales price compared to 2009.

We are seeing more move up buyers take the leap of faith to buy bigger homes here in Solon. Perhaps they feel more comfortable with the economy, or maybe these buyers realize that moving up in a down market makes financial sense, especially with rates so low.

Housing inventories, there are currently 210 single family homes for sale in Solon, have been fairly normal during the first part of 2010 and we don't anticipate seeing a dramatic change. Moving forward, summer and fall are still good months to put your home for sale and historically low interest rates make buying a home in Solon extremely favorable.

Regardless of the overall market in Cleveland,  the Solon School system is a major draw for those relocating to the Cleveland area, and the city services and amenities will continue to make Solon a great choice for those buying a home here. 

Below Are Other Articles Of Interest Relating To Solon OH real estate:

Solon OH Real Estate - Monthly Home Statistics April 2010

Solon Real Estate - Monthly Home Statistics March 2010

Solon Luxury Homes - Year In Review 2009

Solon real estate - year in review 2009

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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

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Solon OH Real Estate - Bi-Annual Market Report 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©July,2010 

   Solon OH Real Estate - Monthly Market Report May 2010

Here are all the homes that sold in Solon in May, 2010:

Summary:

May was a pretty good month, with 19 home sales in Solon with an average sales price of $315,037. This is a little better than May 2009, where we saw 18 sales at an average sales price of $286,678.

Home sales last month ranged in price from $139,000 to $1,174,900.

Through the first five months of the year, 2010 is ahead of 2009 in terms of both total home sales and average sales price. So far this year, there have been 71 home sales in Solon OH compared to 67 through the same period last year. The average sales price, year-to-date, is also higher in 2010, $279,986 to $268,978.

What does this all mean? We remain cautiously optimistic about the Solon housing market. The home buyer tax credit, which expired on April 30th, has had a positive affect on home sales and will continue to do so through next month as transactions must close by June 30th, 2010 in order to qualify for the credit. Some experts believe the worst is behind us while others feel that the tax credit may inflate 2010 sales figures and give us a false sense of security regarding the housing rebound.

We personally believe, based on local market statistics, that things were starting to turn around late last year here in Cleveland, and Solon in particular. We will have a better idea of where the market really stands as the summer buying season ends and we are able to evaluate third quarter sales results.

A good sign is that we are finally seeing some activity in the Solon luxury home market. Last month alone saw 3 sales over $500,000, including one home that sold in Solon for over $1,000,000. These types of sales occurred not due to the tax credit, which was geared more to first time buyers, but more as a result of buyers feeling better about the overall direction of the economy.

We believe there are a lot of Solon move up home buyers that have been on the sidelines for a few years and will be making a move this year. With home prices stabilizing, these buyers will feel more comfortable with the prospects of selling their existing home. In addition, prices on existing inventory and historic low interest rates make moving up very attractive.

Below Are Other Articles Of Interest Relating To Solon OH real estate:

Solon OH Real Estate - Monthly Home Statistics April 2010

Solon Real Estate - Monthly Home Statistics March 2010

Solon Real Estate - Monthly Home Statistics February 2010 

Solon Luxury Homes - Year In Review 2009

Solon real estate - year in review 2009

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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

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Solon OH Real Estate - Monthly Market Report May 2010S is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June,2010 

Beachwood Real Estate - Monthly Market Report April 2010

Here is a summary of homes that sold in Beachwood during the month of April, 2010 and a comparison to April 2009. We also included year to date figures through the first 4 months of the year for both 2010 and last year as well.

All Sales           # of homes sold         Ave. Sales Price              

April 2010                4                        $245,250                

April 2009                6                        $244,920

YTD 2010               20                        $272,798

YTD 2009               23                        $246,794  

*source NEOHREX ( Regional MLS )

Commentary: 

The Beachwood OH home statistics look very similar this year compared to 2009. In terms of home sales, we are close to last year's figures. However, the average price of a home in Beachwood is higher so far this year compared to the same time period during 2009. It will be interesting to see if this trend continues, but the lack of bank owned homes in Beachwood could certainly help increase this figure compared to last year.

The real indication of market activity is the number of homes that are under contract. There are currently 30 homes under contract in Beachood, which is a very high number for a smaller community like Beachwood. Many of these homes sold during the last 30 days, and 7 sold during the last week of April, a direct result of buyers wanting to take advantage of the home buyers tax credit.

We anticipate the number of sales to be above normal over the next 2 months with mid-year numbers to be ahead of where they were during the same time period in 2009. We do anticipate a slower May with the expiration of the tax credit decreasing demand, but summer months, which are typically the busiest of the year, should still be good. Interest rates are still low and demand for Beachwood Oh real estate remains solid thanks in part to an excellent rated school system, solid tax base, and an active business community.

Overall, Beachwood has a lot to offer its residents including great location, with easy access to I271, superb amenities, and some of the best shopping in all of Ohio. Beachwood continues to be a very desirable community in which to work and live.

Below are other articles relating to Beachwood home statistics:

Beachwood Real Estate Year In Review 2009

Beachwood Market Report Third Quarter of 2009

Beachwood Ohio Monthly Market Report April 2009

Beachwood Ohio First Quarter Market Report 2009

Beachwood Ohio Year End review 2008

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ABOUT THE AUTHORS:

Dan Schuman is a proud member of the Beachwood Chamber of Commerce and has served on the Board of Directors for the past 7 years.

The Schuman Team, Amy and Dan Schuman, specialize in luxury homes and work extensively with buyers and sellers who are relocating to Beachwood.

If you are looking to buy or sell a home in Beachwood or surrounding suburbs you can contact the Schuman Team at 216-346-3235.

VIEW ALL BEACHWOOD AREA HOMES FOR SALE BY CLICKING BELOW:

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Beachwood Real Estate - Monthly Market Report April 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©May,2010

Twinsburg Real Estate -Monthly Home Statistics April 2010

Here is a list of all homes that sold in Twinsburg during April, 2010.

SUMMARY

The sales of Twinsburg OH real estate are picking up and the numbers will continue to be good at least through June as the home buyer tax credit increased demand.

Overall, there were 19 homes that sold in Twinsburg last month. Here are how things compared last month to April 2009:

All Sales           # of homes sold         Ave. Sales Price 

April 2010                 19                        $205,832  

April 2009                 12                        $199,938

A true indication of market activity is the number of homes that are under contract. Right now, there are a whopping 48 homes under contract in Twinsburg, many a result of buyers looking to take advantage of the tax credit. Many of these homes will be officially transferring over the next 60 days, making second quarter figures very good in terms of number of sales.

As we move forward, we predict that May will see a significant decrease in buyer demand. However, the summer months, which are often the most active, should still see average activity as rates are still very low and many buyers who didn't qualify for the tax credit will still be looking to make a move. Things could also be beneficial for home sellers right now as the inventory of homes has been somewhat depleted by the rush of buyers trying to buy before April 30th.  

Below are other articles of interest pertaining to Twinsburg Real Estate:

Twinsburg Real Estate - Year End Marketing Report 2009

Twinsburg Real Estate - Market Report February 2010 

Twinsburg Real Estate - First Quarter Home Statistics 2010

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About The Authors:

This Twinsburg Ohio Real Estate Market Report is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty.

The Schumans service the Eastern suburbs of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

For Ohio and Twinsburg OH real estate and homes see Twinsburg real estate

If you are looking to buy or sell a home in Twinsburg or surrounding suburbs, please contact the Schuman Team at 216-346-3235. 

SEE ALL TWINSBURG HOMES FOR SALE BY CLICKING BELOW:

 CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Twinsburg 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. ©May2010

Solon Real Estate - Monthly Home Statistics April 2010 

Here are all the homes that sold in Solon last month:

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

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 

Solon Real Estate - Monthly Home Statistics March 2010 

Here are all the homes that sold in Solon last month:

Summary:

March sales this year were better than 2009. Last month saw 15 home sales compared to only 12 in 2009. The sales in March were a direct result of buyers shopping for a home during December, January, and February, typically the slowest months of the year. Looking at the prices of the homes that sold last month, we would conclude that many of these sales were a direct result of buyers looking to take advantage of the home buyer tax credit.

Looking ahead, the next few weeks should be among the most hectic times the real estate industry has seen in years thanks to the home buyer tax credit, which will be expiring on April 30th. Consequently, the next few months should be great for actual home sales in Solon. We currently have 36 homes under contract and more to come this month as buyers try to beat the deadline.  We expect June sales to be above average as a direct result of buyers going under contract this month.

So what happens after the tax credit expires? This is the million dollar question, but many feel that the market will take a small step back as many of the first time buyers will no longer be in the market. However, only a small portion of Solon housing would be considered ideal for a first time buyer in terms of price point, and the spring market should see move up buyers taking advantage of low interest rates and stabilizing market conditions. We expect to see more higher priced homes sell over the next 90-120 days, and inventory increasing 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

Is the tax credit deadline really April 30th?

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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

CHECK OUT THE SCHUMAN TEAM'S AWARD-WINNING WEBSITE

Solon Real Estate - Monthly Home Statistics March 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April,2010