Kathy S. Koops
kathy.koops@cbws.com
Direct: 513-300-4090
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June Homes Sales in Metro Cincinnati

 

Press Release from:
Cincinnati Area Board of Realtors®

June Home Sales Up 7.6%;
Mortgage Rates Under 5%

Local homes sales (closings) last month — at 2,129 units — showed a 7.63% gain over the same
period one year ago, reports the Cincinnati Area Board of Realtors. The increase was due largely to closings that needed to be completed by June 30, from contracts written by April 30, in order for qualified buyers to receive a federal tax credit up to $8,000.  

In addition, June sales were up slightly over last month (+0.57%).
Nationwide, June home sales were up 9.8% from a year ago, but down 5.1% last month on a seasonally adjusted basis.

Year-to-date closings on a local basis show positive numbers on three major points:
Sales units
were up 11.94%, gross dollar volume sales grew 21.35%, and average selling price climbed 8.41%.

Contributing to the average increase in selling price was due partly to fewer foreclosure sales in early 2010 compared to last year, which helped this year in the 2010-to-2009 selling price comparison.

For more detailed information-call or email me.

Posted by Kathy Koops | Discussion: No Comments »

Are You a Real Estate Nitpicker or Seducer? Part 2

nitpicker or seducerA few days ago I asked a simple question of home buyers and sellers in Cincinnati, West Chester and Mason-are you a real estate “nitpicker” or a real estate ”seducer”?  In part 1 I covered the “nitpickers”.  Today it’s time to identify the “seducers”.

Everybody loves the thought of being around a “seducer”…they’re smooth, polite and full of compliments. 

If I asked 100 people who they would prefer to work with- “seducer” would win.  But not all seducers are as smooth as they appear and sometimes their need to make everybody comfortable can cause as many problems as the “nitpickers”.

You can identify the real estate seducers if:

As with the “nitpickers”  the middle of the road type ”seducer” is fun to work with and really can make the transaction go smoothly.  What’s not  to like about polite people?  On the flip side hard core “seducers” are hard to read and if they compliment and gush about every property- it’s hard to get a read on what they like or dislike about a particular property. As an agent if I understand that you really dislike a particular floor plan-I will do my best to eliminate those houses from showings.  The same goes for sellers who gush all over everything you do-let’s face it we’re not perfect and sometimes just saying thank you is enough.

The bottom line both buyers and sellers need to act normally and provide their agents, lenders and inspectors with honest questions and feedback.  Nobody likes dealing with the extreme version of the “nitpicker” or the “seducer” so if you think you are one or the other- ask yourself if you are getting the service you need or the service your behavior is dictating.

Honesty, common decency and good bargaining techniques (not getting emotionally attached) are always win/win strategies in real estate.

Posted by Kathy Koops | Discussion: 1 Comment »

A Week in Metro Cincy Real Estate

This week versus last week for metro Cincinnati real estate.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:
45208
45208 real estate
45233
45233 real estate
45069
45069 real estate
45040
45040 real estate
45014
45014 real estate
45011
45011 real estate


This is the abbreviated version of the detailed information available for the zip-codes.

Click here to order your report….or call or email for details.

Posted by Kathy Koops | Discussion: 1 Comment »

Are You a Real Estate Nitpicker or Seducer?

nitpicker or seducerWhen buying real estate in Cincinnati, Mason or West Chester lots of buyers (and to be honest-some sellers) fall somewhere into 1 of the 2 categories.

So are you real estate seducer or real estate nitpicker?

To answer the question it’s important to understand that belonging to the middle of either category doesn’t automatically make you wonderful or horrible.  However the  “extremes” may oftent run into problems during the transaction.

Today I’m covering the nitpicker and you’re one if:

Granted the examples are extreme but the message is always the same..control.  Some buyers and sellers have convinced themselves (or somebody else is coaching them) that unless all they demands are met- it isn’t a good deal. 

Unfortunately what’s good for one side of a real estate transaction may not be good or acceptable to the other side….and the hard core nitpickers sometimes lose good properties or end up  paying more because the other party has decided to play hard ball or to just not play at all.

So if you’re a really bad real estate “nitpicker” beware of the consequences.

In a few days find out if you’re a real estate seducer.

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Posted by Kathy Koops | Discussion: 1 Comment »

What Does Real Estate Inventory and Days on Market Have in Common?

In the single family home market for greater Cincinnati real estate inventory and days on market look like 2 different roller coaster rides at Kings Island.

Good news for sellers actual days on market (DOM) have declined-but the number of single family homes for sales is growing.  As inventory grows and buyers decide to sit on the fence again- look for DOM to increase. 

Think of the current market as a balancing act between number of buyers, available inventory, interest rates and seller motivation.

 The buyers are definitely out there and there is plenty of inventory.  Interest rates remain at historic lows-leaving seller motivation as a key element.  Unfortunately press coverage of the real estate market is highlighting appreciation in the local market.  It’s true values are holding or rising very slightly-but prices are still way below the height of the market.  Many sellers are having a rough time adjusting to current prices.

Need help deciphering the data?  Call or email.

Posted by Kathy Koops | Discussion: No Comments »

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