Solon Ohio 44139 - Home Value Report First Quarter 2011
Here is our quarterly report for Solon OH home values for the zip code 44139, excluding Glenwillow. We will first provide a list of all the homes that sold in Solon during the first three months of 2011, show a comparison to the same period of time in 2010, and finally give our analysis at the end. We will also show statistics for last month and compare them to March 2010 as well.
ALL SOLON HOME SALES FIRST QUARTER 2011
| 27250 Cannon Rd | $51,500 |
| 32731 Baldwin Rd | $78,000 |
| 7134 Hollyhock Ln | $94,567 |
| 7669 Som Center Rd | $98,000 |
| 7026 Som Center Rd | $105,000 |
| 31275 Arthur Rd | $112,000 |
| 28050 Aurora Rd | $115,000 |
| 33500 Baldwin Rd | $120,000 |
| 7275 Som Center Rd | $135,900 |
| 6674 Edgemoor Ave | $163,500 |
| 6734 Edgemoor Ave | $175,000 |
| 113 Meadow Ln | $175,000 |
| 5650 Janet Blvd | $176,260 |
| 5660 Elm Hill Dr | $184,250 |
| 5645 Emerald Ridge Pkwy | $190,000 |
| 31470 Birch Cir | $195,000 |
| 32899 Charmwood Oval | $195,000 |
| 6935 Fox Hill Dr | $215,167 |
| 37175 Windy Hill Ln | $232,000 |
| 5749 Som Center Rd #5 | $249,500 |
| 36505 Churchill Dr | $250,000 |
| 33205 Rockford Dr | $250,000 |
| 7333 Winchester Dr | $265,000 |
| 7040 Woodduck Ct | $275,000 |
| 34720 Sherbrook Park Dr | $285,000 |
| 34516 Blue Heron Dr | $319,000 |
| 7028 Navajo Trl | $400,000 |
| 7365 Joseph Dr | $495,000 |
| 6452 Dorset Ln | $525,000 |
| 6754 Winston Ln | $575,000 |
| 37282 Tidewater Dr | $700,000 |
| 38267 Flanders Dr | $715,000 |
All Sales # of homes sold Ave. Sales Price
March 2011 17 $189,019
March 2010 16 $248,847
1st Quarter 2011 32 $253,583
1st Quarter 2010 37 $256,032
*source NEOHREX ( Regional MLS )
COMMENTARY:
It's hard to believe but the first quarter of the year is already behind us. As is typical in the beginning of the year, there are a lot of sales in the lower end of the pricing spectrum, a result of bargain shoppers buying during the cold weather months.
Sales and average sales price are both down slightly compared to 2010, but it's too early to call this a major trend. There are quite a few buyers looking, but most won't actually make a buying decision unless they see tremendous value. That being said, homes that really stand out compared to the competition will still sell, some rather quickly.
Overall, values of homes here in the Solon Oh area are still treading water so to speak. We are simply not seeing a lot of movement, especially in the Solon luxury home market, where increased sales here can really help drive up the average sales price.
The great news is that this a great time to buy. In fact, Cleveland recently made Fortune Magazine's list of the Top Cities To Buy A Home.
Below Are Other Articles Of Interest Relating To Solon OH:
Money Magazine Ranks Solon Top Places To Live
Newsweek Ranks Solon On Top Schools List
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About The Authors:
Dan and Amy Schuman live on the East side of Cleveland and specialize in Cleveland Luxury Homes, working with buyers relocating to Cleveland, and first-time buyers.
For Ohio and Solon Oh real estate and homes see Solon OH Real Estate
For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.
LET'S CONNECT:
Solon OH 44139 - Home Value Report First Quarter 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©April, 2011
That is such a wide range...are those lower ones condo's maybe or distressed? I just did our market reports today...will float them over to AR later this week.
Cindy in Indy
A few were indeed distressed, although I would say that overall, we don't have a huge inventory of distressed homes in Solon. A decent amount were on main roads, so it appears like bargain hunting.