Greater Cleveland Real Estate Blog

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.

I was showing the houses in Solon to my very motivated buying client the other day. It's no need to say how I love selling Solon Real Estate! One of the reasons is that we have many very professional Real Estate agents who actively sell in this prominent city.

It's hard to overvalue what good agents can do for Real Estate market! Just to mention few very important impacts:

• Right pricing. Good listing agent intimately knows the market and can analyze all available data in order to suggest a reasonable price to the seller. Good selling agent knows how to analyze available market data and how to research market trends in order to advise home buyers on reasonable offered price.
• Right promotion of the City and neighborhood amenities, which attracts more qualified buyers to Solon.
• Right advice on preparing houses for sale , which positively affects condition of the houses and their saleability.

Good new is that we indeed have many good homes diligently prepared for showings by caring owners under a smart supervision of great Real Estate agents in Solon.  It' a big pleasure to show these houses to home buyers. Three of four homes which I showed the other night were in an excellent showing condition. You can always say that agent works hard to educate her selling clients on how to keep the house in a model mode and how to utilize few little secrets to make potential buyers welcome and comfortable at the house. These homes represent the Showing Perfection, and they make me feel proud for being a Real Estate agent in Solon.

However, there was one big and really bad surprise. As professionals, we don't like surprises, neither our clients do.

Mess, strong smell, personal belongings here and there, poor dog in the cage, and all over the place - dog's poop right on the recently replaced carpet - that's not the full description of what we saw there.

If this showing were not confirmed and approved by the seller or the seller's agent, I would be seriously concerned. But it was. Actually, we were waiting for approval for a while before we got it. This house is on the market for over 600 days. What a shame that this smartly designed, spacious home presented so many bad surprises.

The worst one was that my client got such a strong allergic reaction that we literally ran out of the house.

Bad that this showing disappointment did not allow my client to even see few very strong advantages of this property.

I'm glad that pictures do not smell:))

Showing perfection sells homes.

Showing disappointment hurts both the seller' bottom line and the agent' reputation.

Pre-approved Buyers are looking for a house in North Solon

Please contact us if you can help! Nice growing family is actively looking for a place to move in.

• The house shoud be in a walking distance from intersection of Cannon Rd. and Harper Rd. in Solon OH.
  

• 4 bedrooms and at least 2 full bathrooms are a-must

Should we be more creative to sell all this inventory of Solon homes for sale?

I was doing the Solon Real Estate market absorption rate analysis for one of my clients the other day. Results were not unexpected but still unpleasant. In popular Solon OH we have a many-many months inventory of homes for sale.

What level of creativity is needed from Real Estate agents to sell out all this inventory?

I don't believe that it's all about pricing. Most Solon homes are priced very reasonably considering all the amenities of this great city, excellent school system, and condition of Solon properties.

Most of home buyers in Solon OH have good income, well qualified for mortgage financing, and have good credit history.

I know that excellent Real Estate agents work in Solon area. Maybe, we need just more creativity? Fresh look at the way we market homes? Better attention to core needs of our clients?

What do you think?

Just take a look at the results of the absorption rate analysis for Solon and few other cities in Greater Cleveland area. Too many homes for sale!

Solon OH Real Estate Search.

We in Local-n-Global Realty Make It Easy For Home Buyers to find the one and the perfect home in Solon for your family. Solon is one of the best places to live, according to Money's list of America's best small towns.

Exceptional Solon Schools system is one of the biggest factors why so many families consider buying Real Estate in Solon.

We in Local-n-Global Realty decided to make it easier for home buyers who are looking for moving to Solon School district. We created the specific Homes In Solon Schools District Property search web page. Now you cango directly to this page and check out the most up-to-date Real Estate information from our local MLS.

More Solon homes for sale needed!

Solon Real Estate market is very active. Buyer's activity in June, 2009 created a very interesting situation. Inventory shrank, more and more properties sell very quickly.

It is customary for Solon to entertain year by year a high season activity in May-June. What is remarkable for Real Estate market in Solon circa 2009? Inventory went down to less than 6 month supply. Buyers start feeling uncomfortable. More good Solon homes for sale needed for qualified buyers.

Please take a look at Solon homes market statistics for June 2009 (data provided by NEOHREX)

As you can see, there are currently 186 active homes for sale in Solon. 38 houses sold in June 2009. 36 homes are in pending status and 20 houses are contingent.

I am very glad that two houses out of 38 sold by Local-n-Global Realty.

Dear home sellers! We need more good Solon homes for our qualified buyers.

Please call us at 877-770-5551 any time.

Dream Solon Home - SOLD by Local-n-Global Realty within a first week on the market

Location: Oakview Estates

Home sellers in Solon! Please don't hesitate to call Svetlana Stolyarova if you need to sell your home timely and for a good dollar.

House at 7629 Lindsay Ln. sold by Local-n-Global Realty within a week after being listed.
Dear home buyers in Solon!

Looking for a spacious, updated, beautiful, convenient home in Solon? Need a quiet, friendly neighborhood?
Please call any time 877-770-5551 and let us know what is your budget and when you need to move. Our buyer's specialists will assist you with care and diligence.
Just call 877-770-5551 x 122 for 24/7 information. You can also call directly Svetlana Stolyarova, listing broker at 216-548-4663 to set up a private consultation or get info about the market.
Please visit www.Local-n-Global.com for a professional information about Cleveland Real Estate market.

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Contact Information

Svetlana Stolyarova

216-548-4663

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Pricing

Price: $332,000.00

Flexibility: SOLD

Property Location

7629 Lindsay Ln.
Solon, OH 44139
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Immediate Cleveland Real estate serach

Features

Bedrooms: 4

Bathrooms: 3.5

Parking Spaces: 2 car

Year Built: 1987

Subdivision: Oakview Estates

Lot Size: .41 acre

Garage Size: 2 car

School District: Solon Schools

Square Footage: 2750

Agent Name: Svetlana Stolyarova

Broker: Local-n-Global Realty

MLS #: 3030255

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Interior Amenities

Fireplace

Hardwood Floors

Kitchen Island

Vaulted Ceilings

Basement

Exterior Amenities

Hot Tub

Grass Lawn

Deck

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All information in this site is deemed reliable but is not guaranteed and is subject to change

Solon OH is one of the most popular communities of Greater Cleveland. Families with kids love it because of excellent educational opportunities offered in this city. Solon Schools District is number one choice for hundreds of families with kids in Greater Cleveland. Solon shopping, restaurants, entertainment, metro parks, businesses offer so much to people of any age and lifestyle.

I am proud to present a very good house in Solon for those of you who are looking for a good, solid, improved, young, reasonably priced Solon home. 

House at 7629 Lindsay Lane which is in Oakview Estates of Solon will be Open for brokers this Tuesday, 05/12/2009 between 11:30 am and 1:00 pm.

Dear colleagues! You are welcome to preview this wonderful house, grab some food, meet with the other agents and have fun!

First public Open House will be held on Sunday May 17 between 2 and 4 pm.

Please call Svetlana 216-548-4663 or e-mail to: Realty@Local-n-Global.com.

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Let's continue converastion started in my previous post

Cleveland Real Estate: You can afford it but can you hold it?

Low prices on houses and condos for sale in Cleveland  make them apparently more affordable for new homeowners. More and more people are looking forward to moving up as today's market support this idea. Let's talk about luxury homes in Solon, OH.  

We have few very smartly designed and very well developed upscale communities in Solon. Three of them have been seriously hit by foreclosures and short sales:

• Thornbury
• Signature of Solon
• Chagrin Highlands.

 That creates incredible opportunities for moving-up buyers. Let's review some details.

• Currently there are nine (9) houses in Chagrin Highlands offered for sale via local MLS.                     

 Median List Price $575,000; Days On Market - 79; Cumulative Days On Market - 213

 •  One property located at 38881 Lochmoor Dr. is Pending upon closing of sale. List price is $395,900.

4 bedrooms, 4 ½ bathrooms. 3,858 sq.ft. Short Sale.

•  Four properties sold in Chagrin Highlands after 04/12/2008  

 Median Sale Price $409,000; Days On Market 73.

Average Sale Price / Average Original Price Ratio =  405,750  / 458,250= 89 %.

•   There are currently two bank owned homes located at Thornbury and Signature of Solon.   

• There were five comparable bank owned properties sold in Thornbury and Signature of Solon after 04/12/2008.  

Median Sale Price $431,000. Low price/sq.ft = $110. High price / sq.ft = 130.

Bank owned homes currently listed and sold in Solon impact the current market value of comparable homes. Median sale price for the houses built in 2003-2006 was $431,000. Average price per square foot was $118.40.

Average sale price per square foot paid by Solon buyers for the newly built houses in comparable communities can be a solid basis for determination of a true market value of the house if you are buying a foreclosed or short sale luxury home in Solon.

Many families of professionals can afford these houses today. However, reasonable people ask themselves and their Real estate agents the questions:

WHY ALL THESE GREAT NEWLY BUILT SOLON HOMES GOT FORECLOSED?

ISN'T IT BECAUSE PEOPLE WHO COULD BUY THEM WERE NOT ACTUALLY ABLE TO HOLD THEM?

It is so important to double check your holding power when bargaining the luxury home in Solon today. Please take in consideration:

1. Real Estate property taxes. Recently built 5,000 square feet house which you can "steal" today for about  $570K may have about $18,000 per year in property taxes.
2. Utility bills. Oversized home means oversized heating and cooling bills. Period.
3. Landscaping and property maintenance cost.

Buy smart, buy responsibly, and buy now. It may be your life-time opportunity. Don't miss it but don't overestimate your holding power.

Few simple rules of investment in Cleveland Real Estate

Are all Foreclosure "Deals" equally great?

Need a good home in Solon?

Want to buy with confidence?

Please call Svetlana 216-548-4663 or e-mail to: Realty@Local-n-Global.com.

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