Cincinnati Real Estate

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Kathy S. Koops GRI

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Where are Condos Selling in Greater Cincinnati?

filed under: Sales posted on June 16th, 2014

Buyers and sellers want to know where condos are selling in the greater Cincinnati real estate market.

Once again condo sales in Hamilton County condo sales are galloping ahead of last year while Butler County is losing steam.  Both Clermont and Warren Counties just manage to increase sales volume slightly. According to the Multiple Listing Service of Greater Cincinnati sales volume by county:

Greater Cincinnati Sales Volume for Condos

The average sales price is higher in Hamilton and Warren Counties and lower in Butler and Clermont.  The average sale price in Butler County sunk from $95,885 in 2013 to $89,639.

  2013   2014  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 160 $95,885 157 $89,639
Clermont 105 $103,487 116 $99,653
Hamilton 508 $149,100 595 $161,144
Warren 148 $141,652 147 $145,746

From January through May 482 condos are pending sales (sold but not closed) and 1016 condos have closed in the four counties.  The average sale price is $140,830. Buyers are out shopping but many condo associations have decided not to seek FHA approval -needed so buyers can obtain FHA financing.  The lack of affordable mortgages has slowed the sale of condos in some areas.

Do you have questions about FHA approval or sale prices in different complexes – send a request for a full market evaluation. Want to start house hunting now-Click here to to Call: 513-300-4090,by email or Subscribe

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