Liberty Township, Ohio

Housing Information for West Chester, Beckett Ridge & Liberty Township

March 11th, 2010 categories: Beckett Ridge, Liberty Township, Ohio, Real Estate Stats, West Chester, Ohio

2010’s housing market is sending mixed signals in the Lakota School District.

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	265	$287,361	85	102	$112,525	109
Pendings	79	$231,703	77	19	$114,174	91
Closed (01/01/10-02/28/10)	58	$272,344	76	11	$95,461	112

Data from Greater Cincinnati Multiple Listing Service

Beckett Ridge	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	13	$294,715	65	8	$105,863	148
Pendings	4	$168,725	96	1	$139,900	9
Closed (01/01/10-02/28/10)	33	$208,000	37	2	$100,000	42

Data from Greater Cincinnati Multiple Listing Service

Liberty Township	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	244	$298,626	118	2	$233,300	46
Pendings	64	$251,419	84	0
Closed (01/01/10-02/28/10)	31	$226,323	87	1	$255,000	165

Data from Greater Cincinnati Multiple Listing Service

Listing prices up and sold prices declining for the majority of the market. Sellers are patiently waiting for the market to come up to their price- which translates to a lot of inventory for buyers. The tax credits require properties be under contract by April 30.

More detailed information about your property’s market value is available-just email or call.

Posted by Kathy Koops | Discussion: No Comments »

Greater Cincinnati Housing Sales

March 4th, 2010 categories: Liberty Township, Ohio, Mason, Ohio, Real Estate Sales, Real Estate Stats

Data obtained from Multiple Listing Service of Greater Cincinnati

Mixed signals coming from single family home sales market in greater Cincinnati. Hamilton, Clermont and Warren counties are ahead (slightly) the same time-frame in 2009. Good news the dollar volume has increased. The mix up occurs when sellers react to increase in sales dollars as an increase in sales price. The prices are still depressed and will likely remain steady through 2010.

Remember the current tax credit expires April 30th (Contract must be written/accepted by this date)-so I’ll be keeping an eye on real estate activity.

Related: Year end 2009

Posted by Kathy Koops | Discussion: 2 Comments »

Greater Cincinnati Housing Stats by Zip Code

March 2nd, 2010 categories: Cincinnati, Ohio, Fairfield Township, Fairfield, Ohio, Liberty Township, Ohio, Mason, Ohio, Real Estate News, Real Estate Stats, West Chester, Ohio

A slight up tick in listing prices for some areas-however all it is still a very strong buyer’s market.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:

45011

45014

45040

45069

45208

45233

This is the short version of the detailed information available for the zip-codes- call or email for detailed reports.

Posted by Kathy Koops | Discussion: No Comments »

FHA Changes Impact Buyers

January 22nd, 2010 categories: Liberty Township, Ohio, Mason, Ohio, Real Estate Buying, Real Estate News

Recently FHA announced updated guidelinesfor financing which become effective spring. In an effort to beef up their dwindling reserves- FHA added new costs in order to obtain an FHA loan. Home-buyers with a credit score less than 580, the minimum down-payment will be 10% and for credit scores above 580, the down-payment is still 3.5%.

Up front mortgage insurance premiums will be increased from 1.75% to 2.25% for all FHA borrowers.

Seller concessions will be capped at 3%, instead of 6%.This will impact a lot of buyers who have relied on the seller to cover all the closing costs. Since the premium is increasing and seller concessions are reduced, buyers will need to bring some money to the closing table.

The changes will effect the initial cost of all FHA financed homes and will be costlier for those with a lower credit score.

Stay tuned for more details about changes.

Posted by Kathy Koops | Discussion: No Comments »

Real Estate Facts for West Chester, Liberty Township and Beckett Ridge

January 14th, 2010 categories: Beckett Ridge, Liberty Township, Ohio, Real Estate Sales, Real Estate Stats, West Chester, Ohio

2009 ends with mixed results for real estate buyers and sellers in Lakota School District.

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	241	$285,701	104	83	$119,022	122
Pendings	65	$262,642	86	12	$108,920	97
Closed (01/01/09-12/31/09)	519	$224,116	74	129	$93,537	75

Data from Greater Cincinnati Multiple Listing Service

Beckett Ridge	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	15	$232,787	85	6	$108,117	108
Pendings	4	$166,088	107	2	$114,950	31
Closed (01/01/09-12/31/09)	33	$241,073	67	8	$86,094	65

Data from Greater Cincinnati Multiple Listing Service

Liberty Township	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	217	$290,268	129	2	$269,950	140
Pendings	43	$239,116	94	0
Closed (01/01/09-12/31/09)	452	$248,139	76	9	$242,611	119

Data from Greater Cincinnati Multiple Listing Service

In December 40 homes and 6 condos closed in West Chester-which is a slight decline from November. In Beckett Ridge 1 homes and 1 condo closed-the same as November. And 27 homes and no condos in Liberty Township - a significant drop from November. On the bright side, while sales decline a bit the closed sale prices have increased slightly.

Overall the area had approximately 50 less sales in 2009 than in 2008. The continuation of the first time home buyer and other tax credits may fuel some buying during the first quarter of 2010.

More detailed information about your property’s market value is available-just email or call.