What’s Happening in Real Estate in the Fairfield Ohio School District
April 23rd, 2008 categories: Fairfield, Ohio, Real Estate News
|
Fairfield School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
323 |
$207,406 |
95 |
116 |
$109,383 |
106 |
| Pendings |
78 |
$195,093 |
80 |
17 |
$ 92,885 |
114 |
| Closed (01/01/08-04/15/08) |
110 |
$162,434 |
78 |
28 |
$ 81,625 |
90 |
Data from Greater Cincinnati Multiple Listing Service
There is a funny TV commercial touting that statistics can be made to say anything 90% of the time and 50% of the people believe the numbers. (Sorry if I have the numbers wrong)
The problem with any statistics is that they are a snapshot at a moment in time and not reflective of the daily ups and downs of the local real estate market. Sellers argue that each neighborhood and/or subdivision has unique characteristics and not all buyers have the all the information they need to make an informed decision. Buyers are comparison shoppers- looking at what is available in their price range and usually deciding on the best property for their “buck”.
Yesterday I wrote about real estate information for the Lakota School District highlighting the details explaining why numbers don’t tell you everything about the current market. For a quick review - click here. Today I am going to cover the housing market in the Fairfield School District.
If you have a condo on the market- 88 of the active listings are 2 bedroom units with an average list price of $97,735 and average days on market (see yesterday’s article) of 96. However since January 1st the average sale price of the 2 bedroom units is $75,717. Don’t let the numbers discourage you- call if you need details on your particular complex.
Unlike some areas, the number of 3 and 4 bedroom homes currently active in the Greater Cincinnati Multiple Listing Service is almost the same. 145 -3 bedroom homes with an average list price of $175,350 versus 153- 4 bedroom homes with an average list price of $242, 263. Our school district is unique and like some of the neighboring school districts in Butler and Warren Counties which are heavily loaded with 4 bedroom properties.
If you are about to list any size home in the Fairfield School District the majority of the competition is between $200,000 to $249,999. with 81 active listings.
Confused? Don’t let the numbers scare you. Before you put your home on the market, sit down with a professional and do some comparison shopping so you can price your home for a quick sale.
Need help with the numbers on your property in the Fairfield School District or anywhere else in the greater Cincinnati area call me @ 513-300-4090 or send an email.
| Discussion:
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Hey Kathy
Stats are tough to post. Some times when people do believe them they don’t tell the whole story. What to do, what to do.
Jonathan,
If you have any preferred ways of providing data- I am always looking for a better way to get the message across.
Kathy, good post. Good idea to show consumers market stats with explanations
. I think consumers will understand you have a handle on the markets you work. Thanks
Kim,
How’s the lending side going? All sorts of stories about lenders changing requirements on a daily basis.
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