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Solon Ohio Market Report - May 2015

by The Schuman Team

Quarterly Market Reports On Sold Homes

 

 

Here is our monthly market report for real estate in Solon OH for the month of May, 2015.

 

HOMES SOLD IN SOLON -  MAY 2015

ADDRESS              PRICE   

32737 Baldwin Rd  $105,000

38240 Fox Run Dr  $115,000

6629 Solon Blvd      $143,500

31698 Sedgefield     $149,000

6920 Som Center    $166,000 

6614 Brookland Ave$167,000  

6705 Edgemoor Ave$170,000

34580 Pettibone Rd$179,900

6557 Forest Glen Dr$183,400

6394 Glenallen Ave $188,000

6833 Green Ridge    $208,000

32547 S Roundhead $210,000

30135 Woodall Dr     $212,000

6554 Solon Blvd        $214,500

7142 Fox Hill Dr       $225,000

32778 S Roundhead $230,000

7386 Cromwell Dr    $230,317

7092 Fox Hill Dr       $233,000

5660 Elm Hill Dr      $245,000

7244 Hollyhock Ln   $248,000

6531 Creekside Trl    $275,000

33017 Springside Ln $280,000

6531 Woodbury Dr   $310,000

33359 Allenbury Dr $340,000

7320 Joseph Dr        $398,000

34865 Seminole Way$412,500

32670 Woodsdale Ln$425,000

6597 Hyllwynd            $473,500

37110 Wexford St        $565,000

7588 Stockwood Dr    $570,000

7227 Capilano Dr        $705,000

7357 Shelford Dr         $710,000

 

SOLD HOME STATISTICS SOLON OHIO - MAY 2015

 

Date                                         # of homes sold         Ave. Sales Price             

May 2015                                       32                            $290,207

May 2014                                       24                            $262,537

 

*source NEOHREX ( Regional MLS )

 

COMMENTARY:

A strong May has pushed overall sales figures for the year higher than during the first 5 months of 2014, albeit by a very small margin.  In addition, there are currently 69 homes under contract.

We have a decent amount of new inventory and begin to embark on the busiest 3-4 weeks of the summer buying season. Naturally, buyers wanting to move before school starts will want to be under contract by the week of July 6.

We expect to see a big rush of buyers making final decisions over the next 30 days, especially right before and after the Fourth Of July weekend.

Should Listing Agents Attend Showings

by The Schuman Team

Should A lister atend showings

 

We are sometimes asked by our seller clients if we will be at the home to accompany all buyer showings. Our simple answer is “no”, but there’s a good reason for this and today’s post will explain why.

MAKES BUYERS UNCOMFORTABLE

You want the environment to be welcoming to a buyer so they have a pleasant and productive showing. They should be able to walk through a home and envision themselves living there.

They will often talk amongst themselves or even openly with their agent about the good and bad features of any given home. Maybe they’ll feel so good about a particular house they’ll sit down on a couch and make themselves at home. The longer they stay, the better.

If a listing agent is there, buyers will feel on edge and less likely to want to spend more time than necessary in the home. They will be guarded in what they say to each other for fear the other agent may relay it to the sellers.

Overall, a listing agent present will make buyers feel uneasy as they are viewed as the opposition and simply not wanted there.

BUYERS DON’T WANT THE HARD SELL

Many sellers will respond “but who will be there to point out special features and sell them our home?”

A good listing agent will prepare in home marketing material to highlight the best features of a home as well as give information about the neighborhood and community.

This allows the buyers to discover for themselves all the great things a home has to offer. The buyer’s agent will also offer insight and share their knowledge as well.

However, NO ONE wants a pushy salesperson telling them why the home is right for them. They need to come to that conclusion on their own accord. At the end of the day, choosing a home is an emotional decision that cannot be forced.

Think back to a recent trip you had at a department or furniture store. Have you ever wanted to just browse, yet an aggressive salesmen wouldn’t leave you alone. Annoying isn’t it? A buyer will feel the same way if the listing agent attends the showing.

MORE HARM THAN GOOD

Having a listing agent at a showing may end up hurting the seller in the long run. To begin, unless a home is priced over a million dollars, it is highly unusual for a listing agent to accompany a showing here in Northeast Ohio.

That being the case, what does it say about a seller who requires their agent to be there? That they are difficult? Controlling?

What if your agent turns off the buyers? Perhaps the showing would have gone much better had your agent not been there giving the aggressive sales pitch.

What about easy of showings? It’s hard enough to plan a showing around a buyers’ busy schedules. If the listing agent also has to be there, it makes things even more difficult. There is a good chance a seller will miss out on showings by requiring their agent to attend the showings.

When it comes to selling your home, you need to think twice before instructing your listing agent to attend all showings as it is not in your best interests.

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Contact Information

The Schuman Team
HOWARD HANNA REAL ESTATE SERVICES
3550 Lander Road
Pepper Pike OH 44122
Dan: 216-346-3235
Amy: 216-403-9189
Fax: 216-456-2333