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Kathy S. Koops GRI

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How Were September Condo Sales in Greater Cincinnati?

filed under: Local Market Stats posted on October 21st, 2013

Condos for sale in greater Cincinnati Ohio continue to capture buyer’s focus.

Adams Landing

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If the information below is not detailed enough or if you are considering buying or selling your condo- call for detailed market analysis. Or make it easy and just Subscribe.

Brisk sales continue to surge in all 4 counties serving the greater Cincinnati real estate market reflecting a constant demand for housing that provides an easier life style.

Condo Sales Volume for Greater Cincinnati

And along with increasing sales volume, the average sale prices are continue to out pace last year’s.

  2012   2013  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 256 $90,574 312 $95,291
Clermont 138 $99,265 208 $107,545
Hamilton 785 $141,720 1025 $151,721
Warren 253 $133,099 322 $140,550

The S&P/Report covering September shows a very slight increase in first and second mortgage defaults compared to August 2013.  The local condo market has felt the impact of foreclosures and any upward trending will impact local sales.  Foreclosure activity has a negative impact on condo complexes because lenders are hesitant to lend money where home owner association dues aren’t paid and/or too many units have been rented because nobody can sell.  It’s a catch 22 for owners stuck in problem complexes.

Have questions about sale prices in different complexes – send a request for a full market evaluation.

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