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West Chester and Liberty Township Ohio Real Estate Market Report

October 3, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

West Chester and Liberty Township Home SalesWest Chester and Liberty Township Ohio Home Sales were flat when compared to the sales in West Chester and Liberty Township in August 2013.  The 167 closed home sales in West Chester and Liberty Township in August remains at the highest levels that we have seen since 2005. The ability for the sales levels to continue to increase is limited right now by a shortage of available homes for sale.

West Chester and Liberty Township Ohio Average Sale Prices were up 19.64% in August 2014 when compared to August of 2013. Average sale prices for West Chester and Liberty Township for year to date 2014 are now up 10.51% compared to 2013.  The trend with home prices continues to be positive.

FIND YOUR WEST CHESTER AND LIBERTY TOWNSHIP HOME VALUE HERE

Days On Market for West Chester and Liberty Township Homes that closed in August 2014 was 66 which is the same as both August 2013 and July 2014.  66 days on market is historically a very low number and continues to reflect the fact that nice homes priced correctly are selling very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in August 2014 was 97.15% which is just slightly lower than July 2014’s 97.43% These 97% plus ratios are very high and are also an indicator of both market strength overall and the continued shortage of homes for sale. Homes on the market less than 30 days sold for 98.32% of list price in August.  West Chester and Liberty Township List to Sale Price

The Inventory of Homes for Sale in West Chester and Liberty Township has been low for quite some time now and has even dropped slightly lower. The current level of supply is at 3.5 months worth of homes for sale compared to last month when the month’s supply was 3.8.  

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 4.25% for a conventional loan and approximately 4.125% for an FHA loan.

Other articles you may be interested in:

Tips to Add Curb Appeal To Your Home

5 Easy Home Improvements To Increase Home Value

West Chester Ohio Homes for Sale

West Chester Ohio Condos for Sale

Find Your West Chester Home Value

Liberty Township Ohio Homes For Sale

Liberty Township Ohio Condos For Sale

Find Your Liberty Township Home Value

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Filed Under: Buyers, Eric Lowry's Articles, LowryTeam.com Real Estate Market Trends Report, Market Update, Real Estate Market Reports, Real Estate Market Statistics, Sellers, This Month In Real Estate, West Chester OH Real Estate Market Reports Tagged With: Home Values, Housing Market, Interest Rates, Keller Williams Realty, Liberty township average sales prices, Liberty Township home sales, Liberty Township Ohio Homes For Sale, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Real Estate Market Reports, The Lowry Team, This Month In Real Estate, West Chester and Liberty Township home values, West Chester and Liberty Township Ohio Real Estate Market Report, West Chester home sales, West Chester Ohio average sale prices, West Chester Ohio Homes For Sale, West Chester Real Estate

West Chester and Liberty Township Ohio Real Estate Market Report

April 24, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

Home SalesWest Chester and Liberty Township Township Ohio Home Sales were down 34.78% in March when compared to the sales in West Chester and Liberty Township in March 2013.  This decline is extremely large, especially when compared to the recent sales increases that we have seen over the last year.  The extremely cold Winter is likely playing a big part in this decline in home sales.  Also likely playing a part in the decline in home sales in our area is a lack of homes available for sale.  The inventory of homes for sale remains very low.

West Chester and Liberty Township Ohio Average Sale Prices were up 4.52% in March when compared to the average sale price in West Chester and Liberty Township in March 2013.  Home prices continue to see slow and steady improvement.  Future increases will likely be fueled by the shortage of homes for sale.

Find Your Home’s Current Market Value Right Here.

Days On Market for West Chester and Liberty Township Homes that closed in March 2014 was 78.  This is a dramatic improvement from the 103 days in March 2013.Avg. Sales Price

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in March 2014 was 96.24% compared to 97.09% in March of 2013.  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 under 5 months of inventory. This represents a slight sellers market for the overall market.  This measure of the  inventory of homes for sale varies greatly depending on List vs Saleprice range.  The entry level 1st time home buyer market is much lower in inventory and is a very strong seller market.

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.

Other articles you may be interested in:

Tips to Add Curb Appeal To Your Home

5 Easy Home Improvements To Increase Home Value

West Chester Ohio Homes for Sale

Find Your West Chester Home Value

Find Your Liberty Township Home Value

Filed Under: Eric Lowry's Articles, Real Estate Market Reports Tagged With: 1st time homebuyers, Interest Rates, Keller Williams Realty, Liberty Township, Liberty Township Homes For Sale, Market Report, Market Value, Market Value Of My Home, Real Estate, Real Estate Market Reports, The Lowry Team, The Lowry Team Keller Williams, West Chester, West Chester Homes For Sale

Cincinnati Real Estate – Tuesday Open House November 5 2013

November 5, 2013 by Eric Lowry Leave a Comment

 

 
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Welcome To Tuesday Open House!

Tuesday Open House is our weekly video blog post featuring community information, real estate news and other topics of interest.

The Lowry Team is kicking off our Thanksgiving Food Drive for Reach Out Lakota and we would love to have you join us.  If you would like to donate just click on the link below.  You’ll find details and a quick form to fill out.

http://www.lowryteam.com/thanksgiving-food-drive.php

Did you know mortgage interest rates have dropped back down to as low as 4.25%?  Rates had increased to as high as 4.70% over the past few months.  This latest decrease presents a great time to buy at really low rates.  Ready to start searching for a home?  Use our real estate search engine:  http://www.lowryteam.com

And finally, wondering about home prices?  Are they increasing and by how much?  We are compiling our updated 2013 real estate market report right now and will share more about it next week.  Early research shows the average sale price in the West Chester / Liberty Township area is up 4.11%, Mason is up 2.76% and the Fairfield / Fairfield Township area is up 2.64%  Have specific questions?  You can contact us via email or phone anytime.

Have a great week and I’ll see you next Tuesday!

 

 

Filed Under: Eric Lowry's Articles, Financing, Real Estate Market Reports, Tuesday Open House Tagged With: Cincinnati Real Estate - Tuesday Open House November 5 2013, Eric Lowry, Interest Rates, Liberty Township Home Values, Mason OH Home Values, Mortgage Interest Rates In West Chester & Mason Ohio, Reach Out Lakota, Real Estate Market Reports, Thanksgiving Food Drive For Reach Out Lakota, The Lowry Team, Tuesday Open House, West Chester Home Values

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?

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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

LowryTeam.com Real Estate Trends Report – December 2011 Home Sales West Chester & Liberty Twp. OH

December 7, 2011 by Eric Lowry Leave a Comment

See what homes are selling for in West Chester & Liberty Township OhioLowryTeam.com Real Estate Trends Report – December 2011 Home Sales West Chester & Liberty Twp. OH

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 Ridgeand 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.

This month we are breaking the data down into several different blog posts.  This first article will cover home sales for the last six months (June – November):

 West Chester & Liberty Twp November Home Sales

A close look at the home sales for West Chester & Liberty Township Ohio:

As we move into December and look back at this most recent six months of data, the trend that we are watching  right now is to see if the increase in home sales can be sustained as we move into the new year. The 4th quarter sales last year (2010) were extremely weak, so our comparisons of the home sales figures continue to show improvement when compared to 2010. Sales in June thru November of 2011 have shown a significant, 26.43%  increase over the home sales numbers for June thru November of 2010.  While sales have shown a pretty nice uptick in this time frame.  It must be kept in perspective however.  This period in 2010 showed some of the very worst of the monthly home sales figures for our area.  This was the period of time immediately after the home buyer tax credit ended and sales really dropped off as you can see in the graph.

West Chester & Liberty Twp November Sales History

November home sales for West Chester and Liberty Twp Ohio were up 53.33% when compared to the month of November 2010.  While this is a pace of increase that is not likely to be sustained, the next three months will really be telling in what direction home sales are headed in our area.  The graph below shows the November home sales levels for West Chester & Liberty Twp for the last number of years to get some historical perspective to the figures.

 West Chester & Liberty Twp November Sales History

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 recovery of  real estate market are continued high unemployment, a continued 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:

This Month In Real Estate For West Chester, Liberty Township & Mason Ohio

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, Real Estate Market Reports, Real Estate Market Statistics Tagged With: Beckett Ridge Real Estate, Cincinnati, Eric Lowry, Home Sales, Home Values, Liberty Township Real Estate, LowryTeam.com, Market Trends Report, Ohio, Real Estate Market Reports, Top Real Estate Agent, VIPHomeFinder.com, West Chester Ohio Real Estate

    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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