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The Lowry Team Keller Williams :: This Month In Real Estate

August 28, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams :: This Month In Real Estate

Welcome to This Month In Real Estate for August 2014.

Here are just a few of the national real estate numbers we’re tracking for you right now.

According to the National Association of Realtors, the number of projected home sales rose to 5.04 million. The national median home price for existing home mortgages increased to $223,300. That’s up 5.3% from last month and up 4.3% from this same time last year. If you are looking to sell, now might be a good time to enter the market.

Finally, according to Freddie Mac, the national average for a 30 year fixed rate home mortgage is down from last month to just over 4%

To find out how these numbers affect your home prices,

Contact The Lowry Team Today at 513-874-1830.

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’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:

The Value Of Being Pre-Approved

Buying A Home In The Current Housing Market

Homes for Sale in West Chester Ohio

Condos for Sale in West Chester Ohio

Foxborough Homes for Sale In West Chester Ohio

West Chester Ohio Home Values

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West Chester Real Estate Market Update: November 2013

November 12, 2013 by Eric Lowry Leave a Comment

West Chester Real Estate Market Update: November 2013

The LowryTeam.com Real Estate Trends Report for November 2013 for West Chester Ohio shows a dramatic gain in unit sales for the year when compared to the same time period of 2012. So far in 2013 there have been 778 homes and condos closed compared to 558 in 2013. This represents a gain of 39.43% in home sales. These closed sales numbers are for the time period of January 1st – October 31st. The chart below shows the breakdown month by month of the homes and condos closed.

West Chester Ohio Home Sales - 2013 — Click On The Image To View Larger

The LowryTeam.com Real Estate Trends Report for November 2013 for West Chester Ohio shows a very slight gain in the Average Sale Price of homes sold and closed in 2013 when compared to 2013. The chart below shows the breakdown by month of the Average Sale Price of homes in West Chester, Ohio.

West Chester Ohio Home Sales Average Sale Price — Click On The Image To View Larger

Wondering What Your West Chester Ohio Home Is Worth?

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Home Prices In West Chester Ohio for December 2012

December 9, 2012 by Eric Lowry Leave a Comment

Home Prices In West Chester Ohio for December 2012

Real estate market data for West Chester, Ohio provided by Eric Lowry of The Lowry Team – Keller Williams Realty

West Chester Home Prices

November continued to show a stabilization in home prices in West Chester Ohio. The average sale price in West Chester Ohio in November was $200,451 compared to $199,583 in November 2011. The continued stabilization of home prices in West Chester Ohio is at least partially caused by the shortage of homes for sale, with in fact much of the West Chester real estate market actually in a seller’s market right now. Home buyers that are searching in the under $140,000 – $180,000 price range in fact find themselves in an extreme seller’s market and cannot afford to wait to to make a decision if they find a great home. It will sell very quickly. For home owners that are ready to sell, proper pricing and preparation of the home can result in a very quick sale.

West Chester Real Estate Market Report

West Chester Ohio Home Prices & Market Report — Click On The Image To View Larger Image

West Chester Ohio Real Estate Report Summary

Home sales in West Chester and Liberty Township Ohio in November 2012 were flat when compared to November 2011, showing neither an increase nor decrease. The last six months sales in West Chester and Liberty Township are up 9.20% when compared to the same period in 2011.

The average days on market for homes sold in West Chester & Liberty Township was 82 days which was the best days on market seen in our area in quite some time. Nice homes priced right and properly staged for sale sell quickly right now.

The median sale price in November 2012 for West Chester & Liberty Township OH homes sold was $190,000 compared to $191,000 in November 2011. The median sale price for West Chester & Liberty Township OH homes sold in the most recent six months is $195,927, a decrease of .75% when compared to the same period in 2011.

Find Homes For Sale In West Chester Ohio

Visit our website to search for homes in West Chester OH or to be notified when West Chester homes come on the market.

To find out what you home is worth in the current market email Eric or call 513-874-1830.

Tuesday Open House: West Chester & Mason Ohio Real Estate News and Notes

March 27, 2012 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House. Actually, it’s the return of the Tuesday Open House Weekly Blog Post

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… great 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…

Did You Miss It? :: The Lowry Team has added two terrific new real estate agents to our team in the past two weeks. Lisa Tesmer and Laura Koether are now working with The Lowry Team as Buyer Specialists and we couldn’t be happier. They are your “go to” resources for homebuying in today’s real estate market!

Boy Scout Mulch Sale :: The Boy Scout Mulch Sale has started. If you are preparing your home to get it on the market for sale soon don’t forget the curb appeal. As the old saying goes… you only get one chance to make a good first impression. So clean up the landscaping and get yourself some fresh mulch. I’m not sure that there is a better way to go than to get it from the boy scouts. They even deliver! You can just go directly to the boy scouts site right here.

Wondering What Homes Are Selling For? :: Use our Real Estate Market Snapshot Tool to see the prices of homes that have sold and the current list prices of homes for sale in your neighborhood. It’s FREE :: It’s EASY :: It’s DELIVERED STRAIGHT TO YOUR INBOX… Get Yours Right Here!

Are You On Facebook? :: Each week we recognize a facebook page that we think is relevant, fun or important. This week our Facebook Page Of The Week is… Visit them and “Like” their page: http://www.facebook.com/ROLakota As of this writing they have 426 fans, let’s see how many more we can get them!! You can also connect with us on Facebook at http://www.Facebook.com/LowryTeamRealEstate

Selling A Home In West Chester & Mason Ohio In The Winter

November 10, 2011 by Eric Lowry Leave a Comment

Selling A Home In West Chester & Mason Ohio In The Winter

Selling a home in the wintertime can provide some challenges. Follow these steps in getting your West Chester, Liberty Township or Mason Ohio home sold and success will follow.

Price Your Home Competively – Get a detailed, thorough home value analysis (cma) from a Realtor that specializes in your neighborhood or area to help you determine the correct list price.

Professionally Stage Your Home – Having your home professionally staged will give you the advantage you need in selling your home in the West Chester, Liberty Township or Mason Ohio real estate market.

Allow Your Home To Be Shown – Seems obvious right?? Well it isn’t always obvious to all homeowners who want to sell their home. You cannot handpick the times your home is shown. When buyers call to see your home the answer needs to be yes. Your home can’t sell if buyers can’t see it.

Clean – (verb – to make clean: to rid of dirt, impurities, or extraneous matter) Your home needs to be spotless. I don’t need to say much more here do I??

Leave The Lights On – It’s dark and dreary alot this time of year. Leave every light in your home turned on for showings. Don’t forget the front porch light so the Realtor can see to get the lockbox open.

Plan Ahead – It’s going to snow soon (or freezing rain or sleet, you get the idea). Make arrangements to have the snow and ice cleared off of your driveway and sidewalks. Also put a mat or rug inside your front door for Realtors and homebuyers to wipe off their shoes.

Thinking of selling your West Chester, Liberty Township or Mason Ohio home? Request a Market Value Analysis of your home here

Other articles that you may find interesting:

Preparing your home for sale – Part 1

7 Steps To Get Your Expired Listing Sold

For more information on selling a home in West Chester, Liberty Township, Mason Ohio fill in the form below and we will get back to you as quickly as we can!

LowryTeam.com Real Estate Trends Report – October 2011

October 19, 2011 by Eric Lowry Leave a Comment

LowryTeam.com Real Estate Trends Report – October 2011

Here is the newest edition of our LowryTeam.com Monthly Real Estate Trends Report. 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 our 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.

The first thing we look at is unit sales for the last six months (April – September):

A look at the sales numbers:

As we move into October and look back at this most recent six months of data, the trend that we are watching for right now is to see how unit sales will play out in the 4th quarter of the year. The 4th quarter sales last year (2010) were extremely weak, so we expect to see home sales continue to show improvement when compared to 2010. Sales in July thru September of 2011 have shown significant increases over the sales numbers for July thru September of 2010. The sales in July 2010 really dropped off after the expiration of the Homebuyer Tax Credits that were in place last year.

As of the end of September, the year to date sales for 2011 are very close to the same as the year to date sales for 2010 in West Chester & Liberty Township. 2011 year to date sales are down -1.66%

Average sale prices:

In this graph you can see the movement of the average sale price for West Chester and Liberty Township, Ohio real estate sales from January 2010 through September of 2011. The trend line continues to show you a decline for average home sale prices. 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.

Any increase or decrease in the average sale price is reflective of the activity of that time frame not the exact value of any one home. Falling home values do clearly effect the average sale price, but that is not the whole story. The mix of homes and their values definitely play a part in this fluctuation, ie., many more lower priced homes selling than in the luxury market.

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 was 96.32% for September 2011. As you can see the monthly List to Sale Price Ratio has seen some big swings up and down in the last year. Overall the recent months list to sale price ratio seems to be fairly stable and on a slightly upward track. The highlighted center area of the graph shows what appears to be the middle ground right now for the market.

Summary:

As we have stated previously in the LowryTeam.com: West Chester, Beckett Ridge and Liberty Township real estate market update, our market remains challenging, yet full of opportunity. Clearly the value of homes in West Chester, Beckett Ridge & Liberty Twp has fallen over the past couple of years and frankly, the values may still fall farther. The primary threats or obstacles to the final quarter of 2011 real estate market and any potential recovery are continued high unemployment, a considerable oversupply of homes for sale and the potential loss of the mortgage interest tax deduction. Interest rates have settled back down and are at historical low levels around 4.25% which provide a great environment for buying a new home.

Wondering what the value of your home currently is? We would be happy to provide you with a detailed market value analysis of the value of your home. You can request your Market Value Analysis here

Other related posts you may be interested in:

What Are Mortgage Interest Rates In West Chester & Liberty Township OH?

Top 10 Tips When Selling a Home In West Chester, Liberty Twp Or Mason Ohio

Your comments and questions are always welcome!