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The Lowry Team Keller Williams :: Cincinnati Museum Center

July 23, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams :: Cincinnati Museum Center

The Lowry Team - Cincinnati Museum CenterThe Lowry Team Keller Williams Realty has chosen the Cincinnati Museum Center as the next feature in their Staycation Series.  There are many museums and activities all under one roof at the center, located at 1301 Western Avenue Cincinnati Ohio 45203.

Visit the Cincinnati History Museum and learn about Cincinnati’s past.  There is a re-creation of Cincinnati’s Public Landing circa 1850’s and a steamboat that you can step aboard.  Learn about what Cincinnati was like during World War I. Interact with settlers and other people of that era.  One special exhibit they have is Cincinnati In Motion.  It is a model of Cincinnati in the 1900-1940’s complete with working trains, streetcars and inclines.  

Step back 19,000 years into the Ice Age by going to the Museum of Natural History and Science.  Explore caves, waterfalls, fossils and a bat colony.  Check out the Dinosaur Gallery Exhibit to see replicas of the T-Rex, Allosaurus and more!  

The Duke Energy Children’s Museum is consistently ranked in the top ten children’s museums in the United States It is hands on fun for kids of all ages in the areas of the arts, culture, reading, science and more.  Kids love to play in Kids Town, a miniature town that includes a grocery, veterinarian’s office, post office and more.

The Omnimax Theater features a five-story domed screen and surround sound.  Currently you can choose to see The Hidden Universe, The Island of Lemurs:  Madagascar, and Mystery Of The Nile.  

In addition to all of the museums, The Cincinnati Museum Center also has shops and a food court.  The Cincinnati Museum Center is open from 10 am – 5 pm Monday – Saturday and from 11 am – 6 pm on Sundays. You can buy a pass to all of the above mentioned museums and Omnimax Theater for $18 for adults, $13 for children ages 3-12, $5.50 for kids ages 1-2 and it is free for children under 1 year of age.  You may also purchase tickets to individual museums if you do not have an entire day to spend in all of them.  Parking costs $6 and is reduced to $4 after 4:30 pm.

For more information on the Cincinnati community or housing market,

Contact The Lowry Team of Keller Williams Realty Associate Partners today.

The Lowry Team is an award winning, full service real estate firm specializing in  West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

The Lowry Team is “Different by Design”…taking a team approach to home buying  and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team – Keller Williams at 513-874-1830.

Other articles you may be interested in:

Staycation Idea  – Coney Island

Staycation Idea – Great Wolf Lodge

Home Improvements That Are Worth The Investment

Local Farmers Markets

Homes For Sale In Cincinnati Ohio

Luxury  Homes For Sale In Cincinnati Ohio

Find Out The Current Market Value of Your Cincinnati Home 

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Eric Lowry's Articles, Tax Credit Tagged With: The Lowry Team Keller Williams :: Cincinnati Museum Center

LowryTeam.com: Monthly Real Estate Trends Report – December 2010

December 27, 2010 by Eric Lowry Leave a Comment

LowryTeam.com: Monthly Real Estate Trends Report – December 2010

Hot off the presses is our LowryTeam.com Monthly Real Estate Trends Report for December 2010.  This report, published monthly, provides a look back at the last six months worth of real estate data for West Chester, Beckett Ridge and Liberty Township, Ohio.  It is a local trends report and makes no attempt to draw overall conclusions or make predictions for the larger real estate market.  In fact we believe that anyone that makes an attempt to predict future, national real estate market conditions or draws conclusions on recent historical data nationally is just out of touch with reality.  There is no such thing as a national weather forecast and there is no such thing as a real estate one either.  ALL real estate is local!

The source of this data is the Greater Cincinnati Multiple Listing Service. By seeking out and understanding the trends in our market place we are better able to forecast the upcoming market conditions and counsel our clients on pricing strategies to get their home sold for the highest possible price. Any thoughts and insight into what may occur in the future are solely our opinions and forecasts.

Unit sales for the last six months (June – November) is first:

Unit sales in West Chester and Liberty Township have seen a steady decline in the last six months.  The spring market saw a fairly strong sales environment which was supported by the government’s home buyer tax credits.  These tax credits expired on April 30th, 2010 and you can see on the graph, that homes sales (closed units) peaked in the two months after, as these tax credit sales closed , 30-60 days later.

With no intervention or subsidy of the housing markets by the government you can see that home sales have made their way much lower in the following months.

To put these levels of home sales in proper perspective we compare them to the same time periods of the last two years.  In the fall of last year (2009) we were under the influence of the original first time homebuyer tax credit which definitely had a positive impact on home sales at the time.  In the fall of 2008 we were in the midst of the financial crisis with the all of the bank failures, etc. which caused a very significant slow down at the time in home sales.  So when you compare the last three year’s home sales for this time period of June – November you can see that our current level of home sales are at a level that is even below the levels seen during the financial crisis.

This is a pretty amazing statistic when you consider that we are operating in an environment of both extremely low interest rates and home prices.  One factor that may provide an uptick of some sort in home sales in the near term is rising interest rates.  Rates have definitely risen off of their lowest levels and history tells us that when rates go up, they tend to go up fast.  Some homebuyers may be fearful of missing out on these really low rates and will jump into the market to get a home under contract while the below 5.00% interest rates are still available.  This could result in a small upward trend for home sales in the next few months over the current levels.

Average sale price for the last six months (June – November) is next:

You can see the movement of the average sale price for West Chester and Liberty Township, Ohio real estate sales in 2010.  If you watch the trend line you can see a gradual decline for 2010.  Average sale price gets quite a bit of attention in the media with reports that quote “home prices fell” or “home prices rose” in this particular quarter or month or whatever.  The average sale price is nothing more than what it’s called – an average price of all of the homes sold in a particular time frame. 

Homes are not worth more now than they were at the beginning of the year.  Any increase or decrease in the average sale price is reflective of the activity of that time frame.  A perfect example of this is the month of August which according to the graph shows a huge increase in the average sale price over the month of July.  A look inside the numbers explains… In July 17 of the total 82 closed sales that month were under $140,000 in sale price, in August there were only 6 of a total 78 closed sales in that same price range.  Less sales in the lower price ranges will cause the average sale price to be higher.  In addition, in July there were just 4 closed sales over $400,000 compared to 9 closed sales in August over $400,000.  So, was the average sale price higher because homes were worth more?  No, there was just a very different mix of homes that sold.

List to sale price ratio: 

The List to Sale Price ratio is calculated by dividing the final sale price into the list price to find the percentage of the list price that a given home sells for.  The West Chester and Liberty Township Ohio List to Sale Price Ratio is 95.68% for the six month period of June – November 2010.  As you can see the monthly List to Sale Price Ratio has seen some big swings up and down in the last year.  The swings up and down are an indicator of the lack of stability in the West Chester and Liberty Township real estate market right now.  The highlighted center area of the graph shows what appears to be the middle ground right now for the market.  The last two months have been below this range, indicating that homeowners are accepting lower offers when compared to their list prices than had been the case in previous months. 

The one factor that remains true, through all of the market’s ups and downs is that homes that sell quickly sell for a much higher percentage of their list price.  In the most recent six months, homes that sold in the first thirty days that they were on the market sold for 97.09% of list price.  As you can see, this is a much higher final sales price compared to the overall market average.

Summary:

The West Chester, Beckett Ridge and Liberty Township real estate market remains challenging, yet full of opportunity. Clearly thevalue of homes in the area has fallen over the past couple of years and frankly, in certain price ranges, the values are likely to fall farther.  The primary threats to the 2011 real estate market and any potential recovery are continued high unemployment and the potential loss of the mortgage interest tax deduction.  Interest rates have now risen off of their lows, but still remain at very attractive levels below 5.00% which provide a great environment for buying a new home.

Your comments and questions are always welcome! Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

 

Filed Under: Eric Lowry's Articles, Financing, Financing Options, First-time Homebuyer, Market Update, Real Estate Information, Real Estate Market Reports, Real Estate Market Statistics, Real Estate News, Sellers, Tax Credit Tagged With: Average Home Sale Prices In West Chester Ohio, Beckett Ridge Real Estate, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Home Sales, Home Values, Housing Market, Housing Statistics, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Ohio, Real Estate Market, Real Estate Market Statistics, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: Don’t Worry If You Missed Out On The Home Buyer Tax Credit

August 31, 2010 by Eric Lowry

The home buyer tax credit may be gone, but don’t worry. You may have missed out on the first time homebuyer tax credit of $8000, but the opportunities presented by today’s historically low interest rates are even better than they were this spring.  For instance… If you buy a home right now at today’s low interest rates, you can save ten’s of thousand’s of dollars!

Interest Rates Are Low!  A $200,000 30 year mortgage at the current rate of 4.60%* can save you ten’s of thousand’s of dollars over the life of the loan versus the same loan with the 5.50% rate from earlier this year!With some research you can hold the key to your new home

Buy a home now and gain so much more than what was possible with the $8000 tax credit. You really don’t want to miss out on this savings and opportunity.  On top of the great savings the low interest rates present, there is another opportunity.

The inventory of homes for sale right now is really great and the prices on many of these homes are really good. To start your home search contact us today at (513) 874-1830 or visit our website, www.LowryTeam.com.  Buying a foreclosed / bank owned home or a short sale can be a great investment opportunity under the right circumstances.  If you would like to receive a FREE list of foreclosures & short sale homes for sale you can request a list using our Foreclosure Finder Service

You can also start your Search Homes For Sale right here!

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer, Real Estate Information, Real Estate News, Short Sale / Foreclosure, Tax Credit Tagged With: 1st time homebuyers, Beckett Ridge Realtor, Buying Foreclosures, Buying Short Sales, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, FHA Financing, FHA Loans, First Time homebuyers, Homes For Sale, Housing Tax Credit, Keller Williams Realty, Liberty Township Real Estate, low interest rates, LowryTeam.com, Mortgages, Ohio, Search Homes For Sale, Search The MLS, Tax Credit, West Chester Real Estate

Ohio Real Estate: Tax Credit Deadline Extension

June 17, 2010 by Eric Lowry Leave a Comment

The Congress is close to passing a law to give home buyers who were under contract on a home purchased by April 30 an additional three months to close on the home and still be able to claim the federal home buyer tax credit.  The new deadline is going to be September 30th, 2010.

This will not extend the deadline for home buyers to qualify for the tax credit.  To qualify for the credit you had to have purchased and had a fully executed contract by April 30th, 2010.

The reasoning given for the extension was that many home buyers were not going to be able to close on their new homes in time for the June 30th deadline due to a backlog of loan applications that lenders were trying to handle.

The real issue here though, are the short sales.  Many of these sales were not going to able to be closed in time due to the long delays that occur in trying to complete a short, thus there was going to be a large number of  “fall-thru’s” (sales which do not close) and all of these properties were going to be coming back onto the market with a large number of them headed for foreclosure.

Looking for deals on short sales and foreclosures in West Chester & Liberty Township?  

Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Avoiding Foreclosure, Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer, Real Estate Information, Real Estate News, Short Sale / Foreclosure, Tax Credit Tagged With: Beckett Ridge Realtor, Buying Short Sales, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Foreclosures, Housing Tax Credit, Housing Tax Credit extension, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Ohio, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: Tuesday Open House – June 15, 2010

June 15, 2010 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House.

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

The Union Centre Bash:  There have been a number of questions recently regarding the Union Centre Bash and when it was, etc.  So after a little research I found that it is no longer called the Union Centre Bash, but is now known as the Union Centre Boulevard Blast.  It is scheduled to be August 13 -15, 2010.  According to an article in the Journal News that I found online the “Blast” will be more of a regional draw, employing some best practices from similar showcases across the country.  The direction of The Blast will be directed at families, adults, teens and children with multiple activities happening at the same time, “sort of like what you’d see at a state fair.  You can reach the entire article online here >>Union Centre Boulevard Blast

 

New Listing: 5466 Sugar Maple Run, Liberty Township, Ohio.  Check out this new listing in Falling Water subdivision in Liberty Township, Ohio.  This is a terrific two story home located on a private,  wooded lot and features a finished, walkout lower level, island kitchen w/ adjoining morning room & hardwood floors and much, much more! 

 

 

Searching for foreclosures or short sales?  Get a list of all of the foreclosed (bank owned) homes and short sale homes listed for sale in our area for free.  Don’t pay for a list of foreclosures, short sales or distressed properties and don’t pay a subscription fee to any website for one either.  These are homes that are listed for sale and you can have the information on these homes for sale, for free and without any obligation by just clicking here 

 

2010 Home Sales in West Chester & Liberty Township, Ohio:  The tax credit is over and now is when we find out if the homebuyer tax credits for both the First Time HomeBuyer and the move up homebuyer have had an impact on home sales overall.  The key thing to watch moving forward is the unit sales numbers each month for West Chester & Liberty Township compared to last year.  As can be seen on the graph, the last couple of months have seen home sales above last years totals.  The real indicator of the housing market’s recovery will be what happens moving forward with home sales.  Clearly the homes sales in West Chester & Liberty Township Ohio picked up when the tax credits were in effect, but what remains to be seen is; Will the home sales in the next few coming months remain at or above last year’s numbers so that the total sales numbers for the year remain above last year?  If the sales remain stable and we can stay at or above last years sales numbers, then we would have to judge the tax credits to be a success in stablizing the housing market.  If the sales numbers in the few months are not able to be sustained and in fact fall to levels below last year, then all we will have accomplished will be to move sales up into the early months of the year from the later months (July, August, September) and we will not have really improved the West Chester & Liberty Township housing market in the long term.  What you can see on the graph is a steady increase in the home sales from January through May of this year in a much more dramatic peak than in the last two years indicating that there clearly was an impact from the homebuyer tax credit incentives.  We will continue to monitor the home sales numbers and we will see where we go from here.   >>You can read my 2010 1st Quarter Real Estate Market Report here

 

Our Facebook fan page of the week is: West Chester Farmer’s Market  You can find information on the Farmers Market, the products that are available there through the summer and more.  As of this writing their page has 129 fans, so I ask that you check out their fan page, become a fan and invite your Facebook friends to do the same.

 

While you are on Facebook checking out the West Chester Farmer’s Market fan page, please visit and become a fan of our facebook page:

 

 Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, First-time Homebuyer, Just For Fun, Liberty Township Ohio Homes For Sale, Market Update, New Listings, Real Estate Market Statistics, Short Sale / Foreclosure, Tax Credit, Tuesday Open House, West Chester Ohio Homes For Sale Tagged With: Buying Foreclosures, Buying Short Sales, Eric Lowry, Eric's Hassle Free Listing, Falling Water Subdivision, First Time homebuyers, Housing Market, Keller Williams Realty, List of foreclosures, LowryTeam.com, New Listing, Real Estate Market Reports, Tuesday Open House, Union Centre Blvd Bash, Union Centre Blvd Blast, West Chester Housing Statistics, West Chester Ohio Short Sales

West Chester & Liberty Township OH Real Estate: Is a short sale or foreclosure the right deal for you?

June 2, 2010 by Eric Lowry Leave a Comment

Is a short sale or foreclosure the right deal for you?

With the first-time homebuyer tax credit deadline having come and gone, you may be asking yourself, “What now?” Fortunately, the door is now open to a new wave of savings: distressed properties.

For many buyers, the term foreclosure brings up images of run-down homes with no heat and rotting wood. While this is still the case for some homes, it’s no longer the standard. In fact, first time buyers are snatching up distressed deals in decent condition for great prices. 

According to a November 2009 Keller Williams Research Buying Distressed Properties Survey, 40 percent of all buyers for bank-owned foreclosures (REOs) were first-time buyers in 2009. 50 percent of all short sale buyers were first-time buyers.

By definition, a distressed property is one that was purchased with a loan and the homeowner is no longer able to make their mortgage payment resulting in foreclosure – or if they’re lucky a short sale – meaning they owe more on the home than it’s currently worth. With a 20 percent increase in foreclosures from 2009, distressed properties still remain a large portion of home sales and are going to continue well into 2010 as homeowners continue to feel the effects of an economy on the mend.

If you’re in the market looking for a home in West Chester or Liberty Township, Ohio and are prepared for a unique transaction, a short sale or foreclosure property for sale can be a great option. Here’s why:

Prices are low – Buying a foreclosed (bank owned) property is an excellent way to get a home for less. Research shows you can save 10-40 percent over the price of similar properties in a traditional sale.

Mortgage costs are low – With rates hovering near historic lows, financing costs to are favorable. Keep in mind, rates are always changing. It’s important to begin the pre-approval process so that you know how much you can realistically afford.

You have options – The number of homes in some stage of the foreclosure process still remains high. RealtyTrac, a site dedicated to tracking foreclosures across the country, estimates that there are approximately 2.1 million homes in some stage of foreclosure in the United States.

Sellers and lenders are motivated – According to data from RealtyTrac, in April, one in every 387 households in the country has received a foreclosure filing. The bottom line is that many sellers are still feeling the pain of a down economy and are anxious to out get from under a home that is putting stress on their current financial frustrations. While it is still an emotional transaction, these sellers are willing to come down on price or even consider concessions such as helping out on closing costs. Banks holding on to large portfolios of Real Estate Owned (REO) properties want to unload quickly – and price these home to sell.

Your best ally when purchasing a short sale or foreclosure property is an expert. Always have a professional REALTOR® by your side to help you make informative decisions.

For more information about short sales and foreclosures in the West Chester, Liberty Township, Beckett Ridge and Mason Ohio areas call me or email me.  We are happy to help!

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS database of homes for sale here!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, Fairfield Township Homes For Sale, Financing, First-time Homebuyer, Liberty Township Ohio Homes For Sale, Market Update, Real Estate Information, Real Estate News, Short Sale / Foreclosure, Tax Credit, West Chester Ohio Homes For Sale Tagged With: Bank Owned Homes, Beckett Ridge Realtor, Buying Foreclosures, Buying Short Sales, Eric Lowry, Eric's Hassle Free Listing, Foreclosures, Homes For Sale, Interest Rates, Keller Williams Realty, Liberty Township Ohio Short Sale, List of foreclosures, LowryTeam.com, Market Value Of My Home, Mortgages, Search Homes For Sale, Top Selling Realtor, West Chester Ohio Short Sales

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