Mason Ohio Home Sales
July 10th, 2008 Categories: Mason, Ohio, Real Estate News, Real Estate Selling
|
Mason School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
402 |
$557,737 |
117 |
154 |
$173,165 |
89 |
| Pendings |
71 |
$455,225 |
68 |
23 |
$149,900 |
102 |
| Closed (01/01/08-06/30/08) |
246 |
$371,317 |
91 |
76 |
$144,250 |
104 |
Data from Greater Cincinnati Multiple Listing Service
Property in the Mason School District continues to sell!
The average list and pending price for single family homes rose slightly, while the average list and pending price for condos declined.
In Mason Ohio during the last 6 weeks approximately 144 single family homes were sold/closed. An estimated 28 condos sold/closed within the same time frame.
In today’s different market many mortgage companies are requiring more money down- and pending sales may fall apart because the buyer doesn’t have additional funds.
The number of real estate closings in Mason reflects strong buyers.
Still unsure about the real estate market- call 513-300-4090 or email for easy to understand information on market trends.
Related Articles: 2nd Qtr Home Sales; June Lakota School District Stats; June Fairfield School District Stats
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The World isn’t Flat in Real Estate
June 22nd, 2008 Categories: Cincinnati, Ohio, Fairfield, Ohio, Mason, Ohio, Real Estate News, West Chester, Ohio
With all due respect Mr. Friedman, the real estate world is not flat!
In his well written and often quoted book, “The World is Flat” author Thomas Friedman argues the fact that events and businesses are impacted not just by events in the United States -but by circumstances all over the world. And, most of the time, I agree with his premise.
However, when it comes to Cincinnati, West Chester, Fairfield, Mson and other local residential real estate, the world is not flat, allowing local markets to be just that -local markets.
Look at the State of Ohio. The statewide unemployment rate for April was 5.5% but the rate for Cincinnati was 4.6%. Do you think the greater Cincinnati area might be better off than other parts of the state?
Media coverage of the housing market is ”big” picture coverage. The woes of Las Vegas, Phoenix and California market show entire neighborhoods engulfed in foreclosures. Drive around our area and you will find problem properties, maybe even a street with a few foreclosed or abandoned houses -but whole subdivisions under foreclosure- not in our market. 
The Chicken Little’s of the press don’t sell papers or magazines unless the sky is falling and they have attached many of the country’s woes to our marketplace.
Are we in a different real market today- you bet we are!
Is pricing more critical than 3 years ago -yes. Can buyers go in and offer 50% of the list price and get a deal- doubtful. Is your home’s value higher or lower? The answer to that depends on a myriad of variables - and I will be glad to discuss and help and make an informed decision. Call 513-300-4090 or email your questions.
Related Article: Winning Formula, 3 Key Words in Real Estate
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May Real Estate News for Mason Ohio
June 12th, 2008 Categories: Mason, Ohio, Real Estate News
|
Mason School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
389 |
$557,777 |
111 |
162 |
$180,093 |
96 |
| Pendings |
119 |
$446,420 |
82 |
22 |
$185,873 |
73 |
| Closed (01/01/08-05/11/08) |
162 |
$368,340 |
86 |
63 |
$155,135 |
109 |
Data from Greater Cincinnati Multiple Listing Service
Single family home sales in the Mason School District continue to improve slightly. Condominium sales are off just a smidgen. If you look at last’s months numbers you will see a small uptick in prices for single family homes and a slight decline for prices in condos. The good news continues to be relatively strong activitey in the Mason market.
If you need a more detailed breakdown, email or give me a call.
Related Articles: Lakota
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Why Realtors Shouldn’t List Their Own Homes for Sale
May 19th, 2008 Categories: Fairfield, Ohio, Liberty Township, Ohio, Mason, Ohio, Real Estate News, Real Estate Selling, West Chester, Ohio
As a home owner I have come to view my home’s eccentric features as charming. Buyers may not be as enchanted with these “problems”.
As a Realtor if I a potential listing had mini maple trees growing out of the deck, because the owner didn’t bother to sweep up the seeds - well that would cleaned up prior to listing the property. Cupboard doors that stick, a bedroom door that won’t stay open, an electric outlet that doesn’t work…all these items and more would be on a giant “honey do” list to be fixed before the property is offered for sale.
It is so easy to “miss” little problems, I strongly suggest that sellers have a home inspection performed and fix the problems. This is a win/win for both the sellers and buyers. Having completed an inspection, the sellers knows what needs fixing. Buyers still have the option to have the home inspected, but may feel more comfortable with their offer after reviewing your inspection report and seeing the receipts for repairs.
Now on to staging and decluttering.
As a real estate agent I am acutely aware of how critical home staging has become in this buyer driven market. However as a homeowner I struggle with stripping every personal item off the walls and shelves. Our family spent many years (way too many) in this home and a few pictures of happy kids shouldn’t really deter buyers from purchasing a home. Or does it?
We need to get rid of all the “stuff” accumulated over the years- things we haven’t looked at or used in decades. As I see it there are 2 ways to declutter. 1. Rent a Rumpke Garbage Truck, park it on the driveway and just toss everything. 2. Hire a neutral third party to help with the sorting. Because I know as soon as I open a box of memorabilia…I rationalize reasons to hang onto the contents.
From an economic and sanity perspective, it will be worth my time and money to hire a professional staging company….and follow their directions.
Finally, as a Realtor I know how much my home is really worth!
After all we just installed a new roof, new landscaping for the backyard is on the way, the deck was redone last year and…..blah…blah….blah….blah.
If and when we put the house on the market, the value is in the eyes of the buyers. End of discussion. If there are 3 homes in our subdivision up for sale- pricing competitively to capture the next buyer is the only way to sell quickly.
Remember- a Competitive Market Analysis (CMA) presented 3 weeks ago during a meeting with an agent may not be accurate today. The market changes daily and as a seller I need to adjust my pricing accordingly…trying out a higher price for even a week is a good way to lose buyers in today’s market. They don’t look and make a low ball offer….they don’t even look at the property.
Years ago I decided that when it comes to selling my property, hiring professionals and allowing them to work in my best interest is the only way to go. I am very pragmatic with my clients (some would say “blunt”) but I know when it comes time to sell our wonderful, spacious, well loved, family home……- I will be teaming with (unemotional) professionals for assistance. (After all who wants to buy a home from an emotionally involved seller?)
If you think you need unemotional, clear headed real estate advice- give me a call (513-300-4090) or send an email.
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What’s Moving in Mason Real Estate?
May 13th, 2008 Categories: Mason, Ohio, Real Estate News, Real Estate Selling
|
Mason School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
412 |
$534,048 |
109 |
145 |
$186,672 |
89 |
| Pendings |
84 |
$454,614 |
83 |
27 |
$160,911 |
82 |
| Closed (01/01/08-05/11/08) |
120 |
$383,173 |
83 |
48 |
$154,234 |
113 |
Data from Greater Cincinnati Multiple Listing Service
Good news comes in 3’s for Mason Ohio property owners:
- More sellers in the Mason School District are braving the real estate market- with an uptick in both single family and condominium listings
- Pending sales have increased
- The actual sale price on “closed properties” has increased
While none of the numbers are quantum leaps- they do reflect a more positive real estate market.
Add to the mix unusually low mortgage interest rates, a higher than average number of schedule showings by real estate agents and you have the recipe for a recovering housing market.
Trying to decide about jumping into the real estate market? Call (513-300-4090) or email for assistance or more information on market trends.
Related articles: Mason March Stats; April Lakota School District Stats; April Fairfield School District Stats
| Discussion: 1 Comment »
