Greater Cleveland Real Estate Blog

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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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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Market analysis reports peparation and interpretation is important part of our job as Realtors(R). We work hard to present the best interests of our clients who buy or sell houses in Solon, Twinsburg, Pepper Pike, Aurora and other suburbs of Greater Cleveland.

That's not a big secret that owners of Solon homes located in Thornbury, Signature of Solon, Chagrin Highlands lost a lot of equity due to high rate of foreclosures and short sales of the houses built after 2000. Sad for the sellers, this situation create an incredible opportunity for the buyers of Solon homes. While foreclosed houses may require substantial investments in repairs, short sale may be a real find for the qualified and patient buyers.

Accurate analysis of market conditions is crucial when you submit the offer to the bank for an approval of a short sale. I've just completed and submitted to the bank the Market Condition report on behalf of my selling clients. Numbers look so interesting that I decided to build a graph and share it with you.

It looks like we hit the bottom here in Thornbury and Signature of Solon. Is it a trend or just co-incidence? No matter what, if you want to find a real Deal in Solon, please be prepared and ready to act quickly. It's a lot of motivated, ready and willing buyers here in Solon who want to get an advantage of reasonable prices, low interest rates and good inventory.

Have a great house buying season!

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.

Solon is one of the most popular communities in Greater Cleveland. Award winning Schools system, convenient location, shopping, entertainment, parks, South Chagrin Reservation, Solon Recreation Center, golf clubs, friendly business environment - all these features make Solon attractive and desirable designation for hundreds of homebuyers every year.

As I mentioned in my post about the Twinsburg Real Estate market, Solon's statistics looks great in terms of units sold. Buyers of homes in Solon purchased 262 units in 2008 in comparison with 245 in 2007. However, average sold price was $326,776 in 2008 while it was $368,829 in 2007. Impressive almost 13 % loss. Although pice reduction does not encourage the sellers, buyers have a great chance to entertain unbelievable deals on very solid and soud houses in Solon.

Solon is one of few places where you can get  a real deal on foreclosure or short sale. Solon does not suffer from usual for Greater Cleveland area so called OVV - Open, Vacant, Vandalized foreclosed or pre-foreclosed properties.

Let me present to you one of this lifetime opportunities. Short sale. Local bank is ready to negotiate and close short on this house. Priced initially for $785,000, this newly built, tremendous 5 bedrooms 5 1/2 baths house is available today for $570,000! Replacement cost is over $850,000 for this awesome home.

Don't dream of new great home in Solon - just buy it!

House will be Open on Sunday, 03/29/2009 between 1 pm and 2:30 pm.

Please call Svetlana Stolyarova 216-548-4663 for more details on this and other Short Sale and Foreclosure opportunities in Solon.

Homes priced above $300K are in a big demand in Solon, OH. However, we still have a lot of potential buyers who are waiting for or dreaming about great deals. Looks like Solon Real estate market will support buyers' expectations of great deals. We still have many foreclosed or pre-foreclosed houses  in a segment of high-end homes in Solon.

You can see the houses built in 2000-2006 and sold then for $700K-$800K, which are offered by the banks or on short sales for $500K-$575K. If you need more detailed information on Short sales or Bank owned homes in Solon, please call me any time 877-770-5551 or call my direct cell phone 216-548-4663 during business hours.  

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I am glad to announce that MLS Market Snapshot is back! You can do your research on-line by simply going to www.Local-n-Global.com and signing in for Market Snapshot services.

Solon is a very popular city. Great school system, convenient location, Metropark, shopping, reasonable housing, all these features make Solon desirable.

In 2008 we had more home sales in Solon than in 2007. Today I found a very interesting article based on statistics provided by our local MLS: http://www.newsnet5.com/money/18973467/detail.html. Indeed, all Real estate is local. Sales volume and buyers' activity depend on local amenities, which are very attractive in Solon.

Need to sell your Solon home?

Want to buy a great house in Solon?

Please call 877-770-5551 any time. Local-n-Global Solon experts will be glad to assist you. 

Have a great selling and buying season!

Thornbury is my favorite neighborhood in Solon. Beautiful development of 250 upscale homes surrounded by over 100 acres of open space, wooded areas, ravines, winding creek. Its wonderfully landscaped, lighted streets enhanced by walking trails and playground. What a pleasure to become a proud owner of one of the best homes in the friendly neighborhood of Thornbury of Solon!

This opportunity is presented by Local-n-Global Realty .

Need to sell your Solon, Mayfield, Beachwood home? Tired of sitting on market without any marketing, any buyers, any hope to move on your life? Do not hesitate! Call Svetlana Stolyarova 216-548-4663. Ask about our proved system of selling the expired listings in Greater Cleveland.  

That was another great day. I am so fortunate to work with outstanding people - smart, very well educated, curious, informed, funny and caring. Isn't it the biggest reward in our profession to get an opportunity to help people who you enjoy working with! We drove around Solon and Bainbridge with my new clients looking for a bigger home for this nice family. The home where they live now is immaculate! It's lovingly improved from bottom to top, tastefully decorated and meticulously maintained. You understand how eager I am to find the perfect home for this wonderful growing family. 

We visited three homes in one of our finest developments. All at the same street, same size, all priced very well, all three - sad but true - foreclosed. As these houses are in a high price range, they are taken care of by listing agents, pretty clean and not vandalized. They are good deals! Why then my good reasonable buyers who will be happy to enjoy the financial advantages of today's market did not get excited about these homes? We discussed this and got the answer: these houses are not bad, or sad, or depressing. They are just short of love. It looks like previous owners before they lost these houses to the banks just had not had a chance to fall in love with their homes. They probably got some kind of "deal' from the builder or from the bank - we'll never know. But they failed to make these houses their homes, they failed to love them. 

The day was still great. At the very end of our tour we finally found the Home. It is full of love. You feel it. You know it. I usually prefer showing the houses without the owners' assistance. You know, sellers may be kind of annoying when they try hard to show the best of the best in their homes. Not in this case. Great people, great home and - I am sure - that will be the best deal for the buyers.

Real Love always attracts luck. That's more than true in Real Estate. I wish the best luck to all loving sellers and caring buyers!

Local-n-Global Realty invites the home owners to take part in our February contest:

I am lucky to love my home.

Send us your stories, pictures, scrap books, videos. Please express your Love to your Home.

If you can submit your art work electronically, please e-mail it to:

IloveMyHome@Local-n-Global.com

Please feel free to call us with any questions regarding this contest and with any Real estate related concerns or suggestions.

216-548-HOME(4663)

Free 24/7 Local-n-Global Real Estate Hotline: 877-770-5551.

Good luck!

Svetlana Stolyarova, Local-n-Global Realty, Broker