This Week in Real Estate for Greater Cincinnati
Tuesday, August 31st, 2010Below 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.
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.

The rain greater Cincinnati area is approximately 3 inches below normal and the lack of rainfall leads to the soil drying up and pulling away from the foundations. If you don’t keep an eye or a sprinkler on the potential problem- you may experience wet lower levels when the fall rainy weather arrives.
Tim Carter from Askthebuilder.com has some tips:

Just a little bit attention to detail now may save you a lot of problems in the future.

According to the Multiple Listing Service of Greater Cincinnati real estate activity is shown below:
|
West Chester |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
306 |
$279,352 |
88 |
113 |
$108,478 |
108 |
| Pendings |
75 |
$250,631 |
76 |
14 |
$112,364 |
100 |
| Closed (01/01/10-07/31/10) |
319 |
$231,158 |
66 |
67 |
$101,306 |
124 |
|
Beckett Ridge |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
12 |
$275,358 |
76 |
16 |
$98,494 |
61 |
| Pendings |
1 |
$207,500 |
366 |
1 |
77,900 |
0 |
| Closed (01/01/10-07/31/10) |
19 |
$191,287 |
68 |
8 |
$97,613 |
114 |
|
Liberty Township |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
304 |
$304,589 |
115 |
3 |
$169,133 |
75 |
| Pendings |
54 |
$249,245 |
73 |
0 |
0 |
0 |
| Closed (01/01/10-07/31/10) |
214 |
$242,395 |
74 |
1 |
$257,683 |
116 |
Overall, listing and sale prices have declined-the aftermath of the end of tax credits. Sellers seemed to have gotten the message and pricing reflects meeting the market demand.
More detailed information about your property’s market value is available-just email or call.

According to the Multiple Listing Service of Greater Cincinnati real estate activity is shown below:
|
Fairfield |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
146 |
$166,631 |
104 |
120 |
$84,400 |
118 |
| Pendings |
48 |
$151,190 |
67 |
16 |
$77,694 |
81 |
| Closed (01/01/10-07/31/10) |
171 |
$146,870 |
69 |
54 |
$70,596 |
89 |
|
Fairfield Twp |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
126 |
$198,069 |
125 |
17 |
$131,697 |
103 |
| Pendings |
34 |
$158,270 |
92 |
2 |
$100,950 |
11 |
| Closed (01/01/10-07/31/10) |
106 |
$167,916 |
73 |
8 |
$ 97,350 |
80 |
Fairfield’s single family homes showed slight increases (very slight) in list, pending and sales prices for July. Everything else decreased with the average listing price in the Township declining by $15,000. Buyers are still out there, but with so much inventory available it continues to be a “buyer’s market” and pricing is critical.
Email with questions or if you need more detailed information.
No doubt about it- yesterday’s real estate news was a bummer.
However instead of focusing on “what’s wrong” maybe it’s time to find the upside by reaching out to help your friends and neighbors living in our community. One my favorites events is the “Rubber Duck Regatta” where 100,000+ bright yellow ducks soar (actually they are dumped) off the “Purple People Bridge” during downtown Labor Day festivities. This year the ducks are leaping at 3pm on Sunday, September 5th.
All the proceeds benefit the Freestore Foodbank who distributes over 12 million pounds of food each year through a dedicated network of over 325 local Member Agencies.
A $5 donationbuys a numbered duck and if your rubber ducky floats across the finish line first- you win a car. If you have a few extra dollars $25 buys 6 ducks. So in addition to helping others- you get the opportunity to cheer on your duck in the race- a win/win.
Good luck- I’m pretty sure the winning yellow rubber duck has my name on it!
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