Solon Real Estate: Monthly Home Statistics

SOLON MONTHLY HOME STATISTICS

Here is a list of all homes that officially transferred in October. We will provide a summary after the list.

SOLDS October 2009	SALE PRICE
37805 Pettibone Rd	108,000
35650 Bainbridge Rd	113,000
6631 Solon Blvd	135,500
6620 Edgemoor Ave	150,000
5175 Parkside Trl	169,400
36145 Bainbridge Rd	183,000
5855 Liberty Rd	190,500
5950 Hansom Dr	195,700
32255 Tracy Ln	218,000
28661 Naylor	219,000
33640 Outley Park Dr	305,000
33900 Country View Ln	307,000
32370 Seneca Dr	319,000
5894 Briarhill Dr	330,000
5894 Briarhill Dr	420,000
39106 Glenlivet Ct	500,000

There were 16 total homes that sold in October in Solon at an average sales price of $241,444. This is almost the same exact average sales price as last month. Last September saw 22 sales at an average price of $314,682 . These Solon home statistics indicate a trend continuing of lower and moderate priced homes selling and higher priced homes sitting on the market.

SUMMARY

Overall, sales and average sales price remain lower than in 2008 and unless we end the year strong, we will not surpass last years numbers. We have had 202 sales here in Solon so far in 2009 with an average sales price of $289,351. Last year at this time we had 213 sales at an average price of $342,578.

Here is the interesting part of the numbers. In 2008, through the first 10 months of the year, there were 66 sales of homes priced under $200,000. So far this year, we have had 78 sales of homes priced under $200,000. Furthermore, there have been only 28 sales of solon luxury homes, those priced over $500,000, this year compared with 44 sales through the same period of time in 2008.

The overall numbers indicate that almost the same number of homes have sold in Solon this year, but that the types of homes people are buying and selling are predominantly below $500,000, with concentrations in the $150,000-$350,000 range. While the decline of the Solon luxury home market has had an affect on the overall average sales price, the market is still just as active as it was last year.

Check out previous Solon Ohio market reports:

July and August 2009 Market Report Solon Ohio

May 2009 Market Report Solon Ohio

April 2009 Market Report Solon Ohio

Solon 2009 First Quarter Luxury Home Market Report

Solon 2009 First Quarter Market Report All Homes

February 2009 Market Report Solon Ohio

January 2009 Market Report Solon Ohio

2008 Year End Housing Summary Solon Ohio

2008 Luxury Market Report Solon Ohio

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About The Authors:

Dan and Amy Schuman are Solon residents. They specialize in 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 HOMES FOR SALE BY CLICKING BELOW

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Solon Real Estate: Monthly Home Statistics is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Nov,2009