Liberty Township, Ohio

Is the Local Cincinnati Real Estate Market Chugging Along?

October 3rd, 2008 categories: Beckett Ridge, Cincinnati, Ohio, Liberty Township, Ohio, Real Estate Buying, Real Estate News, Real Estate Selling, West Chester, Ohio

Cincinnati Real Estate Chugging Along

In spite of the daily deluge of nasty economic news, the greater Cincinnati real estate market is chugging along.

Think of our real estate market as an old train grinding its way slowly up the side of a mountain eventually reaching it’s destination….despite all the lurching, groaning and creaking.

Everybody on the train will arrive at their destinations- but the “ride” will not be comfortable or hassle free.

Mortgage money is available- for qualified buyers. New real estate listings appear everyday and buyers are house hunting!

In the last 30 days, homes and condominiums in greater Cincinnati, Ohio continue to sell.

Pending sales for the last month: Cincinnati Real Estate Numbers

Good news is that Washington may get its act together and begin to reassure investors. The bad news is that it will take some time for the “fix” to trickle down to main street. However, remember- real estate in West Chester, Hyde Park, Mason and the rest of the area continues to sell. So if you are thinking about buying or selling real estate - now is the time.

If you need help or questions answered- feel free to call or email.

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Posted by Kathy Koops | Discussion: 2 Comments »

Have You Watered Your Foundation Lately?

September 23rd, 2008 categories: Fairfield, Ohio, Liberty Township, Ohio, Real Estate News

Homeowners beware!

This summer, while not as dry as last summer, is starting to cause foundation problems for some homeowners.

To keep your house from shifting/settling- take some time to “water the foundation” during the next few weeks.

Nothing complicated. If you are watering the your lawn aim the sprinkler to “water the foundation” at the same time.

Currently in the Cincinnati area we are experiencing lower than normal rainfall for this time of the year. As the ground dries out it pulls away from the poured foundation. Once the foundation has some space- it may shift- causing anything from minor foundation cracks and sticking doors….to major foundation issues and cracked basement floors.

Homeowners usually don’t notice the problem until water comes through the basement walls or floor and/or windows and doors cannot be opened or closed.

So the next time you water your grass- aim the water at your house and help stabilize your foundation.

If you still have questions or comments-call or email.

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Posted by Kathy Koops | Discussion: No Comments »

August Real Estate Numbers for West Chester, Beckett Ridge and Liberty Township

September 9th, 2008 categories: Liberty Township, Ohio, Real Estate News, Real Estate Selling, West Chester, Ohio

Lakota School District	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	769	$314,226	115	106	$126,670	97
Pendings	136	$238,850	83	22	$ 112,106	84
Closed (01/01/08-08/31/08)	767	$245,631	80	89	$ 92,489	81

Data from Greater Cincinnati Multiple Listing Service

Real estate sales for West Chester/Liberty Township and Beckett Ridge (Lakota School District) are status quo.

Real estate sold/closed have slipped a little in the area.

In August 95 single family homes and 13 condominiums closed-indicating a slight dip from July’s numbers.

The days on market remain about the same as the previous month-once again this is a hard number to calculate without doing a listing by listing review of “real” days on market.

“Pricing it right” is still the mantra for today’s real estate market.

Need more information about your neighborhood or area-call or email.

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Are You a Real Estate Godzilla? part 2

August 29th, 2008 categories: Cincinnati, Ohio, Liberty Township, Ohio, Real Estate News

Yesterday I had fun descibing godzilla real estate sellers and got an earful from some sensitive people…so today it’s the buyer’s turn.

So if you live in Liberty or Fairfield Township, Cincinnati or Norwood and you’re not sure if you’re a godzilla buyer- check out the questions below.

If you answer yes to any -then you’re definitely on the godzilla scale.

1. Are you currently working with multiple realtors as well as emailing requests for information to companies or other agents?

2. Have you looked at more than 20 properties and still think there is something you are missing?

3. Have you obtained a “pre-approval” from a lender- but not bothered to actually apply for a loan?

4. Do you walk out of a property - because a bedroom is painted blue?

5. Are you always late for appointments-or worse yet- a no show without calling?

6. Do you walk through new construction models or open houses and forget to mention that you are working with an agent? (the problems with doing this could fill an entire book)

7. Did you present an “incredibly” low purchase offer, ask for everything including the moon… and then get ticked off when your offer was rejected or countered?

“Buyers are Liars” has been a popular phrase in real estate for decades and it’s not because buyers actually lie (well most don’t lie)…..rather it describes a real estate buyer who insists on looking only at one type of house and in only certain neighborhoods…..and always end up buying a different style home in a different area.

Buyers need to be open to options and understand how real estate works- buyers who listen and then make informed decisions rarely appear on the godzilla list.

If you have decided to work with a realtor-find somebody you like and respect. Need help- call or email.

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West Chester, Beckett Ridge and Liberty Township Real Estate Numbers

August 13th, 2008 categories: Liberty Township, Ohio, Real Estate News, Real Estate Selling, West Chester, Ohio

Lakota School District	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	805	$320,420	106	109	$126,135	106
Pendings	153	$252,875	81	24	$ 94,695	51
Closed (01/01/08-07/31/08)	672	$244,891	83	76	$ 93,745	87

Data from Greater Cincinnati Multiple Listing Service

Good real estate news or meidiocre real estate news!

West Chester/Liberty Township/Beckett Ridge real estate stats for July has some good and some hohum information.

125 homes and 14 condos closed during the month of July….and the average closed price increased a few hundred dollars on the homes and by a thousand dollars on condos.

Days on market (the true days on market is much more complicated to calculate) appears to be decreasing as does the average list and pending sale price- though not by much.