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What does it take to buy a home in today’s market?

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Read About the Most Expensive Home Sales in Liberty Township Ohio

Mason OH Most Expensive Home Sales in 2015

January 21, 2016 by Eric Lowry

Mason OH Most Expensive Home Sales in 2015

2015 saw the luxury home market in Mason Ohio continue at a steady pace. There were 110 luxury home sales in Mason in 2015 compared to 88 luxury home sales in 2014.

The inventory of luxury homes for sale in Mason is mostly in balance relative to the number of homes selling. While the current inventory is slightly high in Mason right now, in comparison to the luxury home price ranges in other areas, the Mason luxury market is pretty healthy.

The inventory of homes for sale in Mason is quite high when compared to the amount of homes that are selling. Based on the current rate of sales in the luxury market there is a 8.25 month supply of homes for sale. Traditionally anything over 6 months worth of inventory is considered to be an oversupply favoring home buyers as opposed to favoring home sellers.

The Top Ten Most Expensive Home Sales in Mason in 2015 (see below) were sold in a range from $1,270,000 – $1,750,000. Of these ten home sales, 7 were in the Long Cove Subdivision, and 3 were in Heritage Club Subdivision.

Mason Ohio Most Expensive Home Sales in 2015

Address – Sale Price – Subdivision

8677 Emerald Isle – $1,750,000 – Long Cove

8665 Emerald Isle – $1,715,000 – Long Cove

8667 Hampton Bay Place – $1,700,000 – Long Cove

4689 Maxwell Drive – $1,500,000 – Heritage Club

76 South Shore Place – $1,479,000 – Long Cove

4628 Maxwell Drive – $1,475,000 – Heritage Club

5375 North Shore Place – $1,380,000 – Long Cove

6633 Heritage Club Drive – $1,325,000 – Heritage Club

8750 South Shore Place – $1,310,000 – Long Cove

75 South Shore Place – $1,270,000 – Long Cove

3 of these luxury home sales were new construction homes. All 3 of these newly built homes were sold in the Long Cove Subdivision which has been the location of the Homearama new home show three times.

Have questions on the Mason Ohio Real Estate Market? Call Eric Lowry 513-368-3751

Read About the Most Expensive Home Sales in West Chester Ohio

Search For The Most Expensive Homes Currently Listed For Sale In Mason Ohio Right Here

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Golf Course Homes For Sale In Mason Ohio

The Lowry Team – Keller Williams Realty 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 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:

Search the entire Cincinnati MLS for Homes For Sale

Search the entire Cincinnati MLS for Homes For Sale

Real Estate Market Update – January 2016

January 20, 2016 by Eric Lowry

Here are just a few of the National Real Estate numbers we are tracking for you right now…

According to the National Association of Realtors (NAR), the number of projected home sales dipped to 4.8 million, and the national median home price for existing homes increased $220,300. That’s up 0.5% from last month and up 6.3% from this same time last year. If you’re looking to sell your home, now is a fantastic time to get it on the market!

In addition, according to Freddie Mac, the national average for a 30 year fixed rate mortgage is down from last month to 3.96%.

To find out how these numbers affect home prices in our area, contact Eric Lowry, CEO of The Lowry Team, at 513-368-3751.

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:

What does it take to buy a home in today’s market?

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

View Luxury Homes for sale in Mason OH

Moving to Mason Ohio

January 17, 2016 by Eric Lowry

Moving to Mason Ohio 45040

Thinking of moving to Mason Ohio? Find out about the community, schools, real estate market and more. View full details and photos of all available homes for sale in Mason Ohio. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated every 5 minutes.

Many buyers relocating to Mason Ohio do so for a job since the area has many great employment opportunities. Mason is also a great place to call home if you will be commuting to work. You will find that Mason has easy access to all major highways.

About Mason Ohio

The Mason community is a Northern suburb of Cincinnati, located in Warren County. Money Magazine named Mason “7th Best Place To Live” in 2013. It is the largest city in Warren County and boasts a wide variety of businesses. Excellent employment opportunities, close proximity to both Cincinnati and Dayton, and an excellent school district make Mason Ohio a desirable place to live.

Mason Community Amenities

The Mason community is known for its many parks and golf courses. Residents can enjoy recreational facilities at more than a half a dozen parks that offer bike paths, hiking trails, fishing, playgrounds and shelters which are available for rental. Mason has many public and private 18 hole golf courses, putting greens and driving ranges. The Mason Community Center is a state of the art facility that has fitness and aquatic classes, organized sports, senior activities, health classes and screenings, enrichment programs and more.

Wide Variety of Homes for Sale

Mason Ohio features a wide variety of homes for sale:

View New Construction Homes for sale in Mason OH

View All Single Family Homes for Sale in Mason OH

Mason also has many condo communities.

Highly Rated Schools

There are both public and private schools in the Mason area. Mason is served by the Mason City School District. Mason Schools are known for their excellence in academics, athletics and music programs. They consistently rank in Ohio’s Academic Top 10. There are also many private school options, providing many choices when fulfilling your child’s educational needs. Curious about the schools in the Mason City School District? Get the schools’ scores and other information by checking out the Mason City School Reports here.

Convenient Mason Ohio Location

Moving to Mason Ohio, you will find the area has pretty much anything you could ask for! Mason is centrally located between Dayton and Cincinnati, and has easy access to all major highways including I-75, I-275, and I-71.

Mason has great nearby shopping options – Deerfield Towne Center, Liberty Center, and Voice of America Shopping Center. Mason also has several nearby parks and other recreational facilities such as Great Wolf Lodge, Kings Island and more. Both West Chester Hospital and Children’s Hospital are located just minutes away in neighboring West Chester and Liberty Township. All of these things make Mason Ohio a popular place to live, work and play.

Photos of the Mason Ohio Area

Mason Ohio Real Estate: Village Lakes Subdivision and Homes For Sale

Greenbriar Subdivision Mason Ohio Real Estate

New Construction Luxury Homes For Sale in Liberty Township

Affordable Low or No Down Payment Options!

Most of the homes for sale in Mason Ohio 45040 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, and VA zero down payment financing.

Free Market Report for the Homes in Mason Ohio 45040

This Free Market Report data is consolidated from multiple sources, and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

The homes in Mason Ohio are a great place to call home. You will not be disappointed if you end up living here! You can find homes in Mason Ohio, and all available homes for sale in the Cincinnati area on my website.

For more information about living in or relocating to Mason Ohio, contact The Lowry Team today to get in touch with a Mason Ohio Real Estate Agent. 513-874-1830

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:

Search the entire Cincinnati MLS for Homes For Sale

Moving to West Chester OH

Where Interest Rates Are Headed

Search the entire Cincinnati MLS for Homes For Sale

How much down payment do I need to buy a house?

January 16, 2016 by Eric Lowry

How much down payment do I need to buy a house?

Many Americans are unclear on how much of a down payment they need in order to buy a home. Misinformation about down payment requirements is one of the biggest reasons why more people don’t even consider buying a home. They simply don’t think that they can.

In a recent study done by Fannie Mae, 40% of Americans “Don’t Know” how much down payment is required to buy a home, while another 15% think you need at least 20%. A further 21% think you need at least 10%. That’s 76% of people who are misinformed about their ability to buy a home.

You may be wondering what the actual amount of down payment needed to buy a home is. The answer is that it depends on the type of loan you want to get.

The accompanying chart illustrates the average down payment amount that buyers put down based on loan type. For all loans across the board, the average down payment is 21% of purchase price. For a Conventional Loan, the average is quite high at 31%, but can go as low as 3%. VA Loans, which are known for the option of putting 0% down, average at 2%. FHA loans allow as low as 3.5% down, however the average falls around 4%.

The actual amount required for a down payment to buy a home is significantly lower than most people realize. Don’t let a common misconception keep you from buying your dream home.

Contact The Lowry Team to evaluate your ability to purchase your dream home. 513-874-1830

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:

First Time Homebuyers Frequently Asked Questions

Increase Your Family’s Net Worth

Common Real Estate Terms You Should Know

What credit score is needed to buy a home?

Where are interest rates headed?

What does it take to buy a home in today’s market?