The school district is an interesting mix of existing neighborhoods and new construction. The school buildings are scattered throughout the district and as the area gets more residents- road construction is struggling to keep pace with demand.
The latest data from the Multiple Listing Service of Greater Cincinnati is for homes and condos listed and sold through the CincyMLS. The information compares the 1st quarter of 2017 to the same time frame in 2018:
In Mason, the average sale price for single-family homes in during the 1st quarter of 2017 was $358,906 and in 2018 $335,261 a – 6.5% decrease. Mason’s condos sold for an average of $146,472 in 2017 and $175,628 in 2018 a 16% increase.
The highest priced condo in Mason sold for $247,000 in 2017 and $286,000 in 2018. On the flip side, the highest priced single family home sale in 2017 $1,125,000 compared to $1,091,594 in 2018. The slight decline in price is due to lack of homes for sale.
Single-family homes in Deerfield Township had an average sale price of $410,738 in 2017 and in 2018 $398,904 –a – 3% decrease. The highest priced single family home sale in Deerfield during the first three months of 2017 was $1,090,000 compared to $1,091,594 during the same timeframe in 2018.
In Deerfield Township the average condos sold for $247,000 during the 1st quarter of 2017. The average sale price for 2018 was $286,000 a 14% increase. The highest sale price in 2017 was $425,000 and the highest price sale in 2018 was $4000,000.
While home and condo sales in the Mason City School District remain hot, the lack of properties for sale continues to impact pricing. Another threat to the upward trend in home sales and prices is rising property taxes which are beginning to discourage prospective buyers, especially in Liberty Township.
However several pockets of new construction popping up in both Mason and Deerfield Township at several price levels and this is attracting new residents. Bottom line- if you’re thinking about building, buying or selling –Call/Txt to obtain up-to-date real estate information before making any real estate decisions.