Solon, OH

Solon Industrial Real Estate Property Flash

30600 Carter Street Overview: 30600 Carter Street is a 190,188 square foot industrial building in Solon Ohio. This property offers users 30 loading docks, 18 ft ceilings and and a 400+ car parking lot.

30600 Carter Street Is Ideal For Business’s Looking For: Light manufacturing space or Warehouse Space,

Benefits of this Solon Industrial Property: Excellent warehouse facilty located in Solon Business Park with convenient freeway access via Rt. 422. Built in 1970, property is 190,188 SF on 11 acres, with 18' ceilings, rooftop unit heaters, 30 docks, and 3 drive-in-doors.

Current Availability Of Space At 30600 Carter Street: There are currently multiple suites available, please contact Tim Gascoigne at 216-832-1849, “The Solon Industrial Real Estate Expert” to find the space that fits your needs.

Solon Real Estate Market - Year In Review 2011

The following is our 3rd annual year in review for Solon Ohio real estate. Here, we will provide a comparison between this past year and 2010, show you a specific breakdown based on different price bands, and offer commentary.

ALL HOMES

Year # of Homes Sold Ave. Sales Price Price/Sq. Foot Sales Price/List Price %

2011 227 $287,205 $101.32 94.24%

2010 202 $292, 547 $103.92 94.61%

NON BANK OWNED HOMES

Since there have been a large number of bank owned sales over the past few years, which can often skew the statistics, we have included figures below that exclude all bank owned homes.

2011 212 $291,708 $103.26 93.50%

2010 192 $293,265 $105.41 94.53%

LUXURY HOMES ( sales price over $500,000 )

2011 29 $626,888 $137.98 94.58%

2010 25 $645,830 $139.06 94.17%

2011 FIRST HALF VS. SECOND HALF OF THE YEAR

FIRST HALF 99 $282,575 $102.99 94.40%

SECOND HALF 113 $301,013 $104.37 94.11%

Here is a break down of all 2011 sales by specific price bands:

Source: NEOHREX

COMMENTARY

While the last few years have been challenging to say the least, this past year showed us some positive signs. Below is a list of 5 important things that the above statistics tell us:

1. More homes sold in 2011 vs. 2010 ( when the federal tax credit articifically inflated sales )

2. Average sales price relatively unchanged

3. The market IMPROVED during the second half of 2011

4. A well priced home can expect to receive approximately 94% of asking price

5. The $200,000 - $350,000 price range has the most buyers

So, what can we take away from all of this? Market stabalization has positively affected the entire local real estate market for both buyers and sellers.

BUYERS AND SELLERS BOTH FEEL BETTER

The numbers indicate more buyers and sellers coming together and overcoming the numerous challenges presented by the market. First time buyers are feeling a little more confident as are the local move-up buyers. Those looking to sell and buy a larger home are realizing that selling their existing home is now a realistic goal and no longer have as much fear. This is epsecially true for those selling a home in the $200,000-$350,000 price range.

Sellers have come to better understand that the major correction in the local real estate market has brought prices to where they were about 10 years ago. I'm certainly not indicating that sellers are happy about this, but they now have more realistic expectations regarding price.

CHALLENGES MOVING FORWARD

The improvement in the local real estate market is a very slow going process. While the market is certainly seeing more activity, it will still take some time for consumers to regain total confidence in real estate.

It will still be difficult bringing buyers and sellers together when it comes to price. Sellers often have unrealistic expecations and buyers simply refuse to overpay for a home. That being said, homes are still selling in all different price points.

The key thing for a seller is to be flexible and reasonable on price. As shown above, a home can on average expect to receive 94% of the listing price. There are a ton of buyers out there, many who really do want to buy so sellers must be wise when pricing their home.

Buyers need to be more realistic as well in terms of expecatations. The have been given a slight sense of entitlement by the media, who has consistently been telling of a huge buyers market. Yes, while most price points here still have quite a bit of inventory, the nice homes stand out and multiple bid situations are not uncommon. Buyers must understand that the pefect home does not exist, in any price point.

The increased second half of 2011 is a good sign moving forward. It indicates that people are feeling more secure financially to move forward with their purchase goals.

View Solon Ohio in a larger map

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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 Ohio HOme Value Report 2011 is the property of The Schuman Team and may not be duplicated or used without their written consent. ©February, 2012

Solon Real Estate. Signature of Solon listings and sales.

What's Your neighbor's House in Signature of Solon selling for?

If you are fortunate to live in the Signatures of Solon, both Signature I and Signature II, you may be wondering how the market was doing in 2011, and what to expect in 2012.

Let's take a look at 2011 sales and active listings in Signature of Solon I and Signature of Solon II, just similar to what we did in our posts dedicated to the Chagring Highlands and Thornbury Real Estate markets.

Signature of Solon is a prominent development built and developed in 2000s. It features Country Club, golf course, Club House, distinctive homes, pride of the best builders of Greater Cleveland. It's one of the most upscale and prestigious places to live.

Signature of Solon was hit by financial meltdown, some homes went to foreclosure, even before being ever occupied. However, it did not really lowered attractiveness and desirability of this beautiful development.

It was 16 houses sold in both Signatures of Solon in 2011. One house is currently under the contract. Houses sold at the average price of $662,393.00. Lowest price was $330,000.00, the most expensive sale closed at $825,000.00.

Seven houses at Signature of Solon I are offered for sale. Prices vary from$669,000 for 7598 Royal Portrush Dr. and $1,294,000 for 7395 Vahalla Dr. Great inventory of outstanding properties!

Signature of SolonII also offers beautiful homes, priced from $464,900 for 7239 Annadale Dr, and $1,299,000 for 36950 Broadstone Dr:

If you want to preview or get more information on one of these wonderful homes, please don't hesitate to call Svetlana anytime at 877-770-5551 x 801.

For Solon homeowners, confidential price and condition assessment of your house and for discussing a marketing plan for selling your Solon home timely and for a top dollar is still available. Just call 877-770-5551 x 801 or simply go to www.Local-n-Global.com and order your home evaluation on-line.

Solon Real Estate. Thornbury.

What's your neighbor's House Selling For?

Let's continue our review of Solon Real Estate market, which we started from analyzing sales in Chagrin Highlands of Solon.

Solon is a wonderful destination for families with kids, young professionals and for everyone who value a convenience and good accessibility of this well developed city. Excellent school system, shopping, restaurants, South Chagrin Reservation Metro Park, movie theater, health facilities, extraordinary Recreation Center - what else should I mention to confirm that Solon well deserved its high ranking among Cleveland suburbs and among the best American places to live?

Thornbury is one of the most desirable developments located on the Eastern border of Solon.

It was built in 2000s and it's comprised of 250 single family and cluster homes. Economically, Thornbury is one of the healthiest developments in whole Greater Cleveland. Back in 2009 I wrote in this blog about Foreclosure and Short Sales opportunities in Thornbury. Where are those days?

Two years after we experience a strong, healthy market in Thornbury of Solon. Only one of sales in 2011 was bank owned.

We currently have 4 active listings, in Thornbury, one under the contract, and it was 12 houses sold in 2011. Sounds like a lack of inventory!

December sales activity was high in Thornbury, too. Four houses sold in December, 2011:

38105 McDowell Dr - sold 12/01/11 for $585,000

38125 Kerrington Way - sold 12/06/11 for $423,000

39700 Patterson Ln - sold 12/28/2011 for $575,000

38710 Flanders Dr - sold 12/30/2011 for $490,000.

Good time to start preparing your house for sale!

Call Svetlana 877-770-5551 x801 to arrange for a confidential price and condition assessment of your house and for discussing a marketing plan for selling your house in Thornbury timely and for a top dollar.

Solon Real Estate. Chagrin Highlands.

What's Your Neighbor's House Selling For?

This year we decided to start the monthly series "What's your neighbor's house selling for?".

Winter is traditionally not the most convenient time to list your Solon Real Estate or any house or condo in Greater Cleveland for sale. However, this year may be a bit different. We experienced an unusual buyer's activity during few last weeks of 2011. As a result, we don't have enough inventory to satisfy the buyer's demand.

Let's look at Chagring Highlands in Solon OH.

This is traditionally a very popular upscale development that offers a variety of large, well designed and quality built single family homes situated on spacious lots. Part of Chagrin Hihglands has been designated for luxurious cluster homes - Aberdeen Homeowner's Association in Chagrin Highlands offers beautiful one and two storied homes on a smaller lots.

It was six homes in Chagrin Highlands sold during 2011:

36905 Aberdeen Ln - sold 04/18/11 for $$325,000

38665 Gaelic Glen - sold 04/18/11 for $400,000

6112 Penfield Ln - sold 06/20/11 for $$655,000

6212 Chagrin Highlands Dr - sold 09/15/11 for $430,000

6229 Penfield Ln - sold 12/16/11 for $$265,000

6174 Penfield Ln - sold 12/16/11 for $475,000.

As you can see, two out of six homes closed in December, 2011. Currently we have one home under the contract, pending for closing, and two active listings:

If you own the property in Chagring Highlands of Solon and think about selling it in 2012, please call Svetlana 877-770-5551 x 801. It's a good time to plan your successful selling. One of the most important parts of right planning is the honest and qualified assessment of your needs and of the market attractiveness of your property.

Don't wait too long. Call today! 877-770-5551 x 801.