Liberty Twp, Ohio Real Estate: New Listing 7031 Valley Falls Court

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My Newest Listing…

 

7031 Valley Falls Court, Liberty Township, Ohio 45011

Liberty Township, Ohio 45011

Lakota Schools

$325,000  – Four Bedrooms – Three Full Baths, One Half Bath

This is a beautiful, ranch style home in Liberty Township:

  • 2000+ Square Foot Custom Built Ranch Home
  • Terrific Luxury Home Opportunity 
  • Open Foyer w/ Ceramic Tile Floors
  • Bright, Open Great Room w/ Gas Fireplace
  • Large Kitchen Features Island, Counter Bar, Breakfast Nook & Double Ovens
  • Formal Dining Room
  • Large Master Suite Features A Luxury Bath, Walk-In Closet & Walks Out To Multi-Tiered Rear Deck
  • Finished Walkout Lower Level Features Rec Room, Study, 4th Bedroom, Full Bath & Media Room
  • Short Sale Property Is Subject To Lender Approval Of The Sale
  • This Is A Great Deal!
  • Close To Schools, Shopping, Dining & Expressways!

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

West Chester OH Real Estate Outlook 2009

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Real Estate Outlook: What’s in Store for 2009?

What will the new year bring for housing and real estate? It’s easy to look at all the negative economic news in the headlines and say – there’s no sign that 2009 is going to be any better than 2008.

But here’s a different perspective to consider from one of the country’s veteran financial analysts — Richard Bove of Ladenburg Thalmann, an investment banking company.

In a research report issued late in December, Bove said he sees a positive dynamic taking shape in the current cycle. The government has intervened aggressively in the markets to push interest rates down — most notably in the home mortgage sector.

Though it takes awhile for low-cost money to begin having its effect, Bove said he expects “housing prices to stabilize and/or rise (in 2009) after a likely boom in mortgage refinancings as rates fall and loan applications increase.”

Add in the expected massive economic stimulus package being put together on Capitol Hill with the incoming Obama administration — and there’s a good chance we’re going to see a gradual transformation of the downward cycle into a slow rebound over the coming several quarters.

Already there are positive signs of the turnaround Bove predicts…

Read the entire article in my monthly real estate newsletter for residents of West Chester, Liberty Township and Beckett Ridge.

Wondering about the value of your home in today’s market?  Request a Free Market Analysis.

If you think now is the time to begin your search for a new home, start by checking out my Feature homes for sale and then search the MLS, all on my website:  www.LowryTeam.com

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

West Chester Ohio News: Mortgages Are On Sale!

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An eye catching headline to be sure, but also very much the truth.

Interest rates for home mortgages are at historic levels right now which is providing a terrific home buying opportunity!  How about this: In 1981 you would have paid 16.90% for a 30 year fixed rate loan.  Today, it’s 5.15%, now that is a sale! 😀

Check out the graph below depicting mortgage rates since 1981:

To give this a little meaning, let’s look at a $200,000 mortgage loan:

In 1981, at 16.90% the principle and and interest payment would have been $2835.12.  (Wow)

In 2009, at 5.10% the principle and interest payment would be $1085.90 (Now that is a sale)

So you say, “Well that’s great, but that was 1981”.  So let’s compare to just 6 months ago then:

August 2008 rates were 6.49% which is a principle and interest payment of $1262.82.

That is a savings of $176.92 per month or $2123.04 annual savings with today’s low rates.

It really is a great time to buy when you consider the low rates and the great inventory of homes.

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

Liberty Township, OH Real Estate Update: January 2009

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As I mentioned in my previous post on the West Chester real estate market, the last three months have been very turbulent.  There is a great deal of uncertainty regarding the availability of mortgages for buyers and in the financial markets in general.  I can say with absolute certainty however,  that if you are thinking about buying a home, whether it is new construction or an existing home, the opportunities are terrific with regard to the home prices and there is no question about the ability to get a mortgage, the money is out there!

Today we will take a look at how the Liberty Township, Oh real estate market fared in the last three months of 2008.  The West Chester and Liberty Township markets are very connected and to many folks would be considered one and the same.  They share the same school district (Lakota Schools) and are geographically adjacent.   However breaking them down a little gives us better detail of just what has been going on.

To read part one of this real estate market update click here

With regard to sales, in 2007 135 units were sold vs. 88 units in 2008 in Liberty Township.  This represents a decrease of 34.81%.  This is quite obviously a huge decrease in sales.  A little further look into these numbers finds that in 2007, new construction accounted for 44 of the 135 sales (32.59%).  In 2008 just 15 of the 88 sales (17.05%) were new construction.  New construction sales were way down and this is definitely an indication of the scaling back that home builders have done.  The amount of market (spec) homes that are available for sale is very small and has been for some time now.

 

2007 Units2008 Units+ or –
13588-34.81%

The average sale price for the last three months of 2008 was down 12.72% compared to the same period in 2007.  As you can see in the table below, the average sale price in the last three months of 2008 was $232,831 compared to $266,751 in 2007.  With the new construction sales taken out of the numbers the average sale price would be down 5.25% in the last three months of 2008 when compared to 2007.  The impact new construction has on these numbers is significant due to the fact that typically the average sale price of new construcion homes is much higher which can skew the overall numbers, especially in a market like Liberty Township, OH which has a large presence of new construction.

For there to be a stabilization of home prices and then at some point a return of appreciation, we will need to see a smaller supply of homes available for sale.  In many of the price ranges there remains a significant oversupply.  We will take a look at the supply of homes for sale next.  Be sure to check back!

 

2007 Avg Sale Price2008 Avg Sale Price+ or –
 $266,751$232,831-12.72%

 

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

West Chester & Liberty Township, Oh Real Estate: Housing Stimulus Possibilities

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Fix Housing First Coalition Seeks To Revive Economy

The National Association of Home Builders (NAHB) is spearheading Fix Housing First, one of the largest coalitions of housing advocates ever assembled in the United States, to push for a housing recovery plan that will revive the economy.

  “If we are going to successfully pull our nation out of recession, we must address housing first,” said NAHB President and CEO Jerry Howard.  

Fix Housing First, which consists of more than 600 organizations, home building companies and manufacturers continues to add new members on a daily basis, is pressing for a major stimulus package to stem the decline in home values, stabilize financial markets and reignite consumer demand. To get the economy moving again, the coalition is urging Congress to support enhancements to the home buyer tax credit and provide below-market 30-year fixed-rate mortgages for home purchases… 

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

West Chester, Oh Real Estate: Now Is The Time To Buy!

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Now Is The Time To Buy…

 

 

This home is a perfect home for the first time homebuyer with it’s many updates and terrific location in West Chester, Ohio.  With the historically low interest rates available today combined with the $7500. tax credit available to first time homebuyers right now IS THE TIME TO BUY!  Read my previous post on the first time homebuyer tax credit here.

8708 Willet Lane, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$174,900  – Three Bedrooms – Two Full Baths, One Half Bath

This is a terrific, move in ready home in West Chester:

  • Full Of Upgrades
  • Warm, Inviting Family Room w/ Fireplace
  • Kitchen Features Corian Counters & Newer Appliances
  • Formal Living & Dining Rooms
  • Master Bedroom Features An Adjoining Full Bath
  • Finished Lower Level Rec Room
  • Patio Overlooks Large Rear Yard
  • New Furnace / AC In 2007
  • New Hot Water Heater In 2005
  • Newer Gilkey Windows
  • Close To Schools, Shopping, Dining & Expressways!

 

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