Stats
It’s Time to Throw Out the Old Bath Water
January 5th, 2012 categories: Sales, Stats
Out with the old and in with the new!
Everybody is anxious to throw out the old bath water from 2011- but let’s be careful about tossing the good things along with the dirty water. The year has ended and this is the last look comparing condo sales volume in greater Cincinnati. 2010 and 2011 were so-so years for condo sales in the 4 county area – with Butler county shining as the sole winner with gross sales volume increase. On a high note, while overall volume is down…it’s not crashing into the ground sending up flames….something which it happening in many condo markets throughout the country.
The chart below is based on data pulled from the Multiple Listing Service of Greater Cincinnati:
Click here for 2009 vs 2010 year end.
The average sale price for 2011 was also impacted by the uncertain economy with ups and downs in the stock market and the still unknown long term impact of the foreclosures- and unfortunately 2012 appears to have many of the same issues.
| 2010 | 2011 | |||
|---|---|---|---|---|
| # Units | Avg Sales Price | # Units | Avg Sales Price | |
| Butler | 277 | $90,860 | 347 | $82,286 |
| Clermont | 199 | $115,028 | 177 | $106,010 |
| Hamilton | 953 | $159,293 | 899 | $144,079 |
| Warren | 327 | $150,346 | 287 | $135,652 |
So it’s ok to drain the tub and start the new year with fresh bath water and a new angle on how we look at the local real estate market. But some basics remain the same each and every year. If you want to sell your property it has to be priced right. And if you need help figuring out the “right price”- call me for assistance.
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What’s Happening with Real Estate in Cincinnati?
November 14th, 2011 categories: Stats
Time to take a look at active listings (single family homes) in 6 key zip codes.
All the areas listed below have seen a significant reduction in the number of homes for sale- but homes for sale still outnumber buyers- making it a “buyer’s market”. A balanced market is one with about a 6 month supply of inventory and according to the Multiple Listing Service of Greater Cincinnati - we currently have a 9-9.5 month supply of homes and condos. But the supply is shrinking so we may eventually reach a more balanced real estate market sometime next year.
Below is information needed to track some our area key zip codes. If you need information for your specific zip code-send email.
Need specific details for your area- just let me know and if you’re looking at Cincinnati homes for sale and would like to see a home or condo in any price range- call for more information.
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What are the List Prices on Greater Cincinnati Homes for Sale
November 9th, 2011 categories: Stats
Cincinnati Ohio
Too soon to tell if yesterday’s elections will have a positive effect on the local Cincinnati real estate market- but pricing remains critical.
Below is information needed to track some our area key zip codes. If you need information for your specific zip code-send email.
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Need specific details for your area- just let me know and if you’re looking at Cincinnati homes for sale and would like to see a home or condo in any price range- call for more information.
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Sugar High or Sugar Low- the Weekly Real Estate Update for Greater Cincinnati
November 1st, 2011 categories: Stats
Coming down from the sugar high of Halloween can be a challenge….and sometimes figuring out the high and lows of the greater Cincinnati real estate market can also be a challenge.
So instead of dealing with withdrawal from trick or treat candy take a look at the current list prices for the 6 zip codes listed below. Need more information about your neighborhood- call or email today.
This week showings my slip a bit as people gear up for next Tuesday’s elections and sort out clothes for the cooler weather.
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Monday Morning Real Estate News for Greater Cincinnati
October 24th, 2011 categories: Stats
Hot topic in the greater Cincinnati real estate market- sales up…prices down.
Open house blast this past weekend with lots of buyers roaming in and out of properties for sale.
A little positive press on the news about buying now because local real estate is so affordable.
Another way to follow key zip codes and check median list price, number of listings (competition) and days on market. Below is information needed to track some our area key zip codes. If you need information for your specific zip code-send email.
In a couple areas prices are ticking up- slightly. West Chester and Fairfield are flat and Mason has not hit bottom yet. Just something to keep in mind if you’re thinking about purring your property on the market.
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