Here is our official market report for  Solon, Ohio for November 2013.

We will provide a list of all single family sold homes, including the names of buyers and sellers if available,  give monthly statistics ( with a comparison to last year ) and provide commentary.

HOMES SOLD IN SOLON -  NOVEMBER 2013

ADDRESS              PRICE         BUYER                SELLER

6446 Glenallen       $115,500   NA                      Clara Jakovic

35355  Aurora Rd   $130,000   Jacob Weber    Joel Tornberg

6576  Glenallen Av $145,000   Yao Qingping     Dorothy Laidman

6573  Forest Glen  $161,500   Wu Guo               Gloria Francis

33565  Baldwin Rd  $185,000   NA                      David Ring

33180  E Nimrod    $189,750   Zhang Shenjia   David Chung

36077 Meadowdale $205,000   NA                     Jennifer Haky

34855  Lakeview Dr$215,000   Brad Kreger      John Duncan

32126  Sedgefield   $250,000   NA                       Paragon Pacific LLC

7297  Winchester   $270,000   Matt Johnson     Chen Shibiao

5876  Som Center   $277,000  Richard Mayer    Kathy Morgan

5624  Westminster  $370,000  Laleh Nematollahi Beth Eidnier

6620  Cummings     $485,000  Brett Johnson      Timothy Trump

37177  Cherrybank  $690,000 Matthew Shene    Carol Arnson

 

SOLD HOME STATISTICS SOLON OHIO - NOVEMBER 2013

Date                                         # of Homes Sold                 Ave. Sales Price

November 2013                              14                               $263,482

November 2012                              23                               $228,141

YTD 2013                                    286                                $305,721

YTD 2012                                    247                                $299,260

 

COMMENTARY:

As the year winds down, it is safe to say that we will have more home sales here in Solon this year than in 2012.  However, things have slowed down a bit and this may affect the 2014 market.

Low inventories continue to be a problem and may be a factor to decreasing sales next year.

In last month's report, we mentioned there were only 88 active listings, extremely low even at this time of the year. Today, there are only 77 active homes for sale in Solon, an all-time low.

Today's inventory is basically not ideal for a buyer looking for a sharp home. I am certainly not trying to be negative about the current inventory of homes, but the bottom line is that if a home is that nice and priced well, it would have sold by now.

The homes on the market today are likely dated and overpriced and simply not appealing to today's picky buyers.

GOOD THINGS COME TO THOSE WHO WAIT

The good news for buyers is that new homes typically come on the market after the New Year.

The good news for sellers is that there has never been a better time to put your home on the market. If you have a nicely finished home, it is staged and priced right, you could have buyers beating down your door.

Our next report will be our popular Year In Review, so look for it early next month.