Has the Local Economy Affected Cincinnati Real Estate?
September 9th, 2010 categories: Sales
Real estate news continues to be okay for sales of single family homes within the greater Cincinnati area. According to the Multiple Listing Service of Greater Cincinnati, sales volume is either equal or slightly ahead in Butler, Clermont and Hamilton counties, The only county with a 2010 sales volume which is less than 2009 is Warren- and it is only a hair behind. The local real estate market is still impacted by the delayed closings from the tax credits and the next few months will show whether or not we will continue to move along or go into a stall. Unemployment appears to be the largest sticking point when it comes to the housing market- and until potential buyers feel they have job security sales will continue to sputter along.
However, as the chart below indicates, increased sales volume doesn’t convert into huge price gains for sellers.
| 2009 | 2010 | |||
|---|---|---|---|---|
| # Units | Avg Sales Price | # Units | Avg Sales Price | |
| Butler | 2224 | $143,216 | 2149 | $148,875 |
| Clermont | 1125 | $166,457 | 1199 | $169,109 |
| Hamilton | 5303 | $145,748 | 4971 | $165,943 |
| Warren | 1348 | $219,282 | 1358 | $216,185 |
And again this month Warren is the only county showing a small decrease in average sale price.
So while unemployment continues to impact local real estate- sales have slowed but prices and volume continue to creep (and I mean creep) up.
If you need help figuring out today’s real estate realities- call or email me now.
| Discussion: No Comments »
Do You Know How to Grow a $300 Tomato?
September 7th, 2010 categories: Maintenance and Remodeling
I do!
Take one “do it yourself” gardener add multiple type of pots, several tomato plants and various “things” for the vines to hang onto…add copious amounts of water, mix them altogether and the outcome is ….a $300 tomato.
Like any “do itself projects” this one bears the pride of ownership. The gardener (my husband) insists that these tomatoes taste far better than anything from the store-but I think for $300 I could buy a carts of tomatoes as well everything else at Jungle Jims.
Many greater Cincinnati homeowners and potential buyers think they can save tons of money by “doing things themselves”. And for many handypersons whose household updates and fixes rival professional contracted work- “doing it yourself” makes sense. But for many of us- the cheap fix can end equating to a $300 tomato. You did it- but by the time you fixed all the mistakes and corrected the problems you created, the cost savings may have disappeared.
Before you decide the “how” and “who” of any job -ask yourself the following questions:
- cost of supplies
- delivery costs (if you can’t transport it yourself)
- tools required
- permits
- estimated to complete job
- how long can you live with the mess
- do you need to sub-contract some of the work-ie: electric, plumbing
- can a contractor obtain materials at a discounted rate
- will your work pass city, county inspections
Over confidence can be very expensive in “gardening” and “real estate home improvements”- just make sure the final product is really worth the investment. There’s nothing wrong with “doing it yourself” or saving up to have “somebody else do it” as long as you are happy with the results.
If you would like a great deal on a $300 tomato- call or email me.
Helpful Links: Do It Yourself; Do It Yourself Network
| Discussion: No Comments »
A Week in Greater Cincinnati Real Estate
September 7th, 2010 categories: Stats
Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area – click here to order your report….call or email for details.
45011
45069
45233
45040
This is the abbreviated version of the detailed information available for the zip-codes.
| Discussion: No Comments »
That one thing you might be missing to set you above the rest
September 4th, 2010 categories: Pricing
With over 90% of home buyers searching online for a new home your home must make a great first impression. The first impression is a lasting impression! In a buyers market sellers compete with sellers. If buyers are not impressed what they see online they will move on to the next listing. Ready, Set, Stage! works with you and your Realtor to put your home on the “must see” list for today’s home buyers. We offer a marketing plan and photos to assist with the sale of your home.
| Discussion: 1 Comment »
Have a Safe Labor Day Weekend!
September 3rd, 2010 categories: Entertainment
Have a fun and safe Labor Day weekend.
Don’t forget to buy a rubber duck before the Sunday afternoon- and help the Foodbank Freestore.
| Discussion: No Comments »
