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West Chester and Liberty Township Ohio Real Estate Market Report

May 19, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

LowryTeam.com_Home_Sales_Graph_April_2014West Chester and Liberty Township Township Ohio Home Sales were down 5.38% in April when compared to the sales in West Chester and Liberty Township in April 2013.  Home sales in West Chester and Liberty Township in April 2014 were the 2nd highest for April since 2007.  A lack of available homes for sale is likely the cause for the slight decline in home sales this year. The inventory of homes for sale in West Chester and Liberty Township remains very low.  

West Chester and Liberty Township Ohio Average Sale Prices were up 5.46% in 2014 when compared to the same period of time in 2013 (January through April). The average sale price for homes sold in April 2014 was down 1.22%  Overall the trend seems to be for a very slow and steady improvement in home prices.

LowryTeam.com_Home_Sales_Graph_April_2014

Days On Market for West Chester and Liberty Township Homes that closed in April 2014 was 83 which is exactly what it was in April 2013. Brand new listings that are staged for sale and priced right continue to sell very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in April 2014 was 96.76% which was a slight increase over April 2013’s 96.63%  The list to sale price ratio is simply the percent of the current (last) list price of a home that it actually sells and closes for.  The list to sale price ratio can be a pretty good indicator of a real estate markets overall strength.  

The Inventory of Homes for Sale in West Chester and Liberty Township remains at very low levels.  Currently in the West Chester and Liberty Township real estate market there is just about 5 months worth of inventory compared to one month ago when we were just slightly below 5 months.  

Interest Rates in the West Chester and Liberty Township area remain very low and have largely been very stable.  The current rate for a 30 year fixed rate loan is approximately 4.5% for a conventional loan and approximately 4.25% for an FHA loan.

Find Your Home's Value Now!

Other articles you may be interested in:

Tips to Add Curb Appeal To Your Home

5 Easy Home Improvements To Increase Home Value

Find Your West Chester Home Value

Find Your Liberty Township Home Value

Filed Under: Eric Lowry's Articles, LowryTeam.com Real Estate Market Trends Report, Market Update, Real Estate Market Reports, West Chester OH Real Estate Market Reports Tagged With: Home Values, Homes For Sale, Housing Market, Keller Williams Realty, Liberty Township, Liberty Township Ohio Homes For Sale, Liberty Township Real Estate, Market Value Of My Home, Real Estate, Real Estate Market Report, Search Homes For Sale, The Lowry Team, This Month In Real Estate, West Chester and Liberty Township, West Chester and Liberty Township Ohio Real Estate Market Report, West Chester Homes For Sale, West Chester Real Estate, West Chester Realtor

The Lowry Team – The Market Indicates That Now Is a Good Time To Sell Your Home

May 12, 2014 by Eric Lowry Leave a Comment

The Lowry Team – The Market Indicates That

Now Is a Good Time To Sell Your Home!

Homes ARE SellingOn an average, 12,575 homes are selling every single day in the United States.  If you have been thinking of selling but have been worried about the housing market, fear not, homes are selling!

Another concern both sellers and buyers have had is that people are having difficulty obtaining loans. According to the National Association of Realtors 2014 Existing Home Sales Report, over 8,000 buyers are getting mortgages every day.

As a matter of fact, in the State of Ohio, home sales in the past 12 months increased by 8.4% over the previous 12 months. The map put together by Corelogic illustrates that very few states have not seen an increase in total home sales.

Total Sales - 12 Month

Right now the supply of homes for sale is below the average 6 month level of inventory. In addition, the number of people obtaining loans and buying homes is rising. Together, this is a great scenario for a person selling their home.

If you have been considering selling your home, contact Eric Lowry, CEO and Listing Specialist for The Lowry Team.  He can expand upon these market updates, answer any questions you may have and find you home’s current market value. 513-874-1830

Find Your Home's Value Now!
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:

Why You Should Sell Your Home Now

Tips to Add Curb Appeal To Your Home

Filed Under: Eric Lowry's Articles, Real Estate Market Reports, Real Estate Market Statistics, Sellers Tagged With: home sales are up, Home Values, Housing Market, inventory is low, Keller Williams Realty, Market Indicators, Market Value Of My Home, Now Is the time to sell, Search Homes For Sale, Selling A Home, The Lowry Team, The Lowry Team - The Market Indicates That Now Is a Good Time To Sell Your Home

The Lowry Team Keller Williams West Chester – Why You Should Sell Now

May 9, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams West Chester  – Why You Should Sell Now

Month's Inventory of Homes for SaleHave you been thinking about selling your home but you keep putting it off? The time to sell is now!  According to the National Association of Realtors, the supply of homes for sale is below average.  There is less than a 6 month supply of homes on the market. This puts the seller in a great negotiating position.

Homes that are priced correctly and staged nicely are not lasting long on the market.  Eric Lowry, Listing Specialist for The Lowry Team says, “If you want to make an offer on a house, you have to act quickly.  Houses are selling in as little as 24 hours and are often in multiple offers.”

A seller will likely have little competition due to the low inventory. However, according to the graph, the inventory is steadily rising.  A homeowner should act now in order to reduce the amount of competition they will have while their home is on the market. Contact Eric Lowry, CEO and Listing Specialist for The Lowry Team,  to find out the current market value of your home.

Find Your Home's Value Now!
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:

The Lowry Team Helps Homeowners Sell Their Home After Just 3 Days On The Market

West Chester and Liberty Township Ohio Real Estate Market Report

The Lowry Team Offers Tips to Add Curb Appeal To Your Home

Find Your Home’s Current Market Value

Filed Under: Eric Lowry's Articles, Sellers Tagged With: choosing the right Realtor, Cincinnati, Eric's Hassle Free Listing, Home Market Value, Housing Market, Keller Williams, Keller Williams Realty, Market Value Of My Home, Selling A Home, The Lowry Team, The Lowry Team Keller Williams West Chester Advises You To Sell Now, Top Real Estate Agent, West Chester Ohio

Home Values In West Chester Ohio

October 1, 2012 by Eric Lowry Leave a Comment

Home Values In West Chester Ohio

Wondering if the real estate market in West Chester Ohio has stabilized?

Get Your Own Real Estate Market Update

Free – Automated – Direct To Your Inbox

West Chester Ohio Home Values Market Update

Getting ready to put your home on the market for sale and need more detailed data on what your home is worth?  Request a detailed Market Value Analysis here!

Other articles that may interest you:

7 Steps To Get Your Expired Listing Sold

Selling A Home In West Chester Ohio

Filed Under: Eric Lowry's Articles, Real Estate Market Reports, Sellers Tagged With: Cincinnati, Eric Lowry, Home Values, Home values in cincy, Home Values In West Chester Ohio, HomeValuesInWestChesterOH.com, Housing Market, Housing Statistics, Keller Williams Realty, LowryTeam.com, Market Value Of My Home, Ohio, Property Values, Real Estate Market Reports, Selling A Home, West Chester Home Values

Tuesday Open House: West Chester & Mason Ohio Real Estate News – April 3 2012

April 3, 2012 by Eric Lowry Leave a Comment

Click To Search Homes For Sale In West Chester & Liberty TownshipIt’s Tuesday, so this must be the Tuesday Open House – West Chester & Mason Ohio Real Estate News

What is Tuesday Open House??  Well, it’s clearly not an “open house”. Open Houses don’t sell homes… great internet marketing does… however it makes a really great title for a weekly blog post on West Chester & Mason Ohio Real Estate News.

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…

This Month In Real Estate - Keller Williams - April 2012
Click The Image To Watch

This Month In Real Estate Video  :: This Month In Real Estate brought to you by Keller Williams Realty discusses the benefits of a initial homebuyer consultation.  When you are ready to begin your home search The Lowry Team has two great buyer specialists to assist you.  Lisa Tesmer and Laura Koether are both experienced real estate agents with The Lowry Team  that work as Buyer Specialists and both are ready to assist you.  They are your “go to” resources for homebuying in today’s real estate market!

Housing Hype – Recovery or Relapse?  :: This article on the housing market that was published on CNBC.com this past week brings out some good points.  Are we experiencing a housing recovery or are we starting to see the beginnings of a relapse.  I am finishing up my research on this topic specific to the local West Chester, Liberty Township and Mason real estate markets.  Watch for my article on this topic coming very soon.  In the mean time you can read the CNBC article here:  http://www.cnbc.com/id/46855457

Home-a-Rama 2012 in Cincinnati :: This is the time of year when interest in the Home-a-Rama home show in Cincinnati begins to pick up.  This year’s Home-a-rama is being held in Willows Bend subdivision in Miami Township.  You can read my previous blog post about the announcement of Home-a-Rama here  Interested in homes for sale in Willows Bend?   You can find them right on our website: LowryTeam.com Willows Bend Homes For Sale

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…  The Cincinnati Reds – It is opening day in just two more days.  Visit them and “Like” their page:  http://www.facebook.com/Reds  As of this writing they have 520,573 fans!!   You can also connect with us on Facebook at http://www.Facebook.com/LowryTeamRealEstate

Filed Under: Eric Lowry's Articles, Real Estate News, Tuesday Open House Tagged With: Cincinnati, Eric Lowry, Home Buyer Specialist, Homearama, Homes For Sale, Housing Market, Housing Statistics, Keller Williams Realty, Ohio, Open House Search, Top Selling Realtor, Tuesday Open House, Willows Bend subdivision

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):

Real Estate Sales For West Chester & Liberty Twp

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:

Average Sale Prices West Chester & Liberty Twp Real Estate

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:

Real Estate Sales For West Chester & Liberty Twp Percentage

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!

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    Filed Under: Eric Lowry's Articles, LowryTeam.com Real Estate Market Trends Report Tagged With: Beckett Ridge Real Estate, Eric Lowry, Home Prices, Home Sales, Home Values, Housing Market, Housing Statistics, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Trends Report, Real Estate Market Breakdown, Real Estate Market Reports, VIPHomeFinder.com, West Chester Ohio Real Estate

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