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Kathy S. Koops GRI

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Mason Ohio Real Estate

filed under: Mason Ohio posted on June 20th, 2016

Mason Ohio and Real Estate

Mason, Ohio real estate is a hot spot in certain price ranges and continues to attract buyers and some sellers find themselves with purchase offers within hours of the property hitting the market.

The latest data for real estate in the Mason, Ohio School District from the Multiple Listing Service of Greater Cincinnati:

(01/01/16- 06/15/16)

  Single Family Homes Condos
# Active Listings 189 28
# Pending Listings 125 53
# Sold/Closed Listings 236 102

Year-to-date (through 6/10/16)the average sale price for single family homes is $327,216 and the average sale price since January 1, 2008 to June 10, 2016 is $333,720 so while sales are red hot in some price ranges not all of the homes for sale throughout the Mason School District have been flying off the shelf.  The majority of sales this year are grouped around the $250,000 – $399,000 range with 23 sales in the $250,000- $299,999 range; 34 sales in $300,000- $349,999 range and 31 in the $350,000- $399,999 range.

The historical view of the average sale price for single family homes reflects that in 2015 prices finally were back to pre-recession levels.

Mason School District Avg Sale Price 2008-2016

Year # Homes Sold Average List $ Average Sale $
2008 506 $371,460 $358,119
2009 506 $346,160 $320,259
2010 486 $339,156 $320,993
2011 489 $331,488 $313,954
2012 557 $324,713 $306,685
2013 610 $336,450 $323,950
2014 596 $365,271 $353,295
2015 624 $373,628 $363,187
YTD 225 $336,105 $327,216

Mason HomeSearch

The high end market -$1,000,000+ with 24 active listings, 2 pending sales (sold but not closed) both in Deerfield Township and 2 sold/closed (to date) with the highest price sale selling for $1,220,000 also in Deerfield Township.  With quite a few million dollar plus listings and few sales, sellers in this price range may need to rethink their pricing strategy sooner rather than later.

Thinking about buying or selling in Mason-Call/Txt  and get all the up-to-date real estate information before making any decisions.

 

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