Mason Housing Market Update
March 8th, 2010 categories: Mason, Ohio, Real Estate Sales, Real Estate Stats
February housing information for Mason Ohio.
According to the Multiple Listing Service of Greater Cincinnati:
|
Mason School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
162 |
$408,498 |
99 |
108 |
$166,755 |
110 |
| Pendings |
38 |
$317,194 |
105 |
24 |
$179,297 |
116 |
| Closed (01/01/10-02/28/10) |
30 |
$248,803 |
129 |
12 |
$136,791 |
140 |
Data from Greater Cincinnati Multiple Listing Service
At the end of February the listing and pending sale prices for single family homes increased while the average sale price decreased. All of the pricing on Condos declined. It will be important for sellers to monitor the average sale price in March and adjust list prices accordingly, (up or down) .
Comparing numbers from year end 2009. .
Need more detailed information- email or call.
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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
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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.
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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.
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A Year End Review of Mason Real Estate?
January 13th, 2010 categories: Mason, Ohio, Real Estate News, Real Estate Sales, Real Estate Stats
2009 housing information for Mason Ohio.
According to the Multiple Listing Service of Greater Cincinnati:
|
Mason School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
130 |
$401,589 |
129 |
101 |
$165,005 |
118 |
| Pendings |
29 |
$300,447 |
129 |
8 |
$212,388 |
134 |
| Closed (01/01/09-12/31/09) |
312 |
$296,371 |
83 |
167 |
$143,152 |
95 |
Data from Greater Cincinnati Multiple Listing Service
During December 22 single family homes and 19 condominiums closed-which is an increase from November. Condo sale prices declined and home sale prices increased- by just a few thousand dollars. Pending sales (sales in the pipeline) declined and this may impact a good start for the Mason real estate market in January. Comparing numbers for the same time period last year 2009 had fewer home sales and more condo sales.
Need more detailed information- email or call.
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