Solon Real Estate - Monthly Home Statistics January 2010
As most people know, January is typically a slow month in real estate in terms of sales. However, we did see the same number of transfers last month as we did in January 2009.
Here is an unofficial list of homes that sold in Solon last month:
| 38510 Aurora Rd | $110,000 |
| 34955 Solon | $155,500 |
| 33342 Warwickshire | $174,900 |
| 32852 Brackenbury Dr | $265,000 |
| 35925 Pettibone Rd | $319,000 |
| 35865 Spatterdock Ln | $339,000 |
| 39250 Lochmoor Dr | $395,000 |
| 6842 Teasel Ct | $440,000 |
| 37655 Windy Hill Ln | $460,250 |
Summary:
While the winter months traditionally bring out the bargain hunters looking for distressed properties, only one of these homes would be considered in that category as it was a short sale. Otherwise, all the homes that sold last month were normal transactions, a possible good sign that the huge run of Solon bank owned homes is over.
The good news is that there are 31 homes currently under contract, most likely to transfer over the next 60 days. Even better news is that 4 of them are luxury homes, those priced over $500,000. Last year the Solon luxury home market was unusually slow, so perhaps this is in indication of a turnaround.
Moving forward, the home buyer tax credit will be expiring on April 30th. This should mean an increase in activity over the next 90 days. There are a lot of buyers out there sitting and waiting for the perfect house, and still a relatively small inventory of available homes, as is typical this time of the year.
Any Solon home owner considering selling their home should do so now, provided they have a very nice home and price it competitively. This spring will bring a flood of buyers to the market, with unusual demand created by the home buyer tax credit. While there has never been a better time to buy, now is also a great time to sell.
Below Are Other Articles Of Interest Relating To the Solon real estate:
Solon Luxury Homes - Year In Review 2009
Solon real estate - year in review 2009
Is the tax credit deadline really April 30th?
Tips when selling your home in the winter
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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.
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Solon Real Estate - Monthly Home Statistics January 2010 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Feb,2010
